Overdue Receivable definition

Overdue Receivable as defined in Section 5.4.

Overdue Receivable means any Purchased Receivable which remains unpaid in whole or in part at any time after its Due Date.

Overdue Receivable has the meaning set forth in Section 5(h) hereof.

Examples of Overdue Receivable in a sentence

• If the Approved Obligor advises the Administrative Agent and the Purchasers of the existence of a Dispute, the Administrative Agent shall advise the applicable Seller of such Overdue Receivable that the Approved Obligor has asserted a Dispute.

• If the Account Debtor advises the Administrative Agent of the existence of a Dispute, the Administrative Agent shall advise the applicable Seller of such Overdue Receivable that the Account Debtor has asserted a Dispute.

• If the Approved Obligor advises the Purchaser of the existence of a Dispute, the Purchaser shall advise the applicable Seller of such Overdue Receivable that the Approved Obligor has asserted a Dispute.

• For the sake of clarity, it is understood that the Option can be exercised one or more times during the Option Period on an Overdue Receivable by Overdue Receivable basis.

• If the Approved Obligor advises the Purchaser of the existence of a Dispute, the Purchaser shall advise the Seller of such Overdue Receivable that the Approved Obligor has asserted a Dispute.

More Definitions of Overdue Receivable

Overdue Receivable means a Receivable that remains unpaid for more than 30 days but no more than 60 days from the original due date for such payment.

Overdue Receivable means a Purchased Receivable (other than any Receivable Ineligible for Funding or Charge-Off Receivable) that remains unpaid for more than 60 days past the due date for payment of that Purchased Receivable.

Overdue Receivable means a Receivable (other than any Charge-Off Receivable) in relation to which any scheduled minimum monthly payment is past due by more than 30 days;

Overdue Receivable means a Receivable that remains unpaid for more than 120 days from the original invoice date for such Receivable, or that has been charged off before it has become 121 days past due. "Parent" has the meaning set forth in the preamble.

Overdue Receivable means a Receivable that remains unpaid for more than 90 (or, in the case of a Receivable owed by an Obligor that is not a resident of the United States, 120) days from the original invoice date for such Receivable, or that has been charged off before it has become 91 (or, in the case of a Receivable owed by an Obligor that is not a resident of the United States, 121) days past due.

Overdue Receivable means a Transferred Receivable which remains unpaid in whole or in part at any time after its Due Date.

Overdue Receivable means an unpaid account receivable that is 135 days or more old as of the applicable determination date with respect to which the obligor under such account receivable has not in writing specifically committed or reaffirmed its obligation to pay.