Portfolio of Receivables definition

Portfolio of Receivables means the Receivables specified by the Manager in the relevant Investment Direction as a class or type of Receivable that has substantially the same terms and conditions. Principal Amortisation Date in relation to a Note means each date for the repayment of part or all of the outstanding principal in relation to the Note as specified in the corresponding Supplementary Terms. Principal Entitlement in relation to a Note and a Principal Amortisation Date means the amount of principal in respect of the Note due to be repaid on that Principal Amortisation Date, determined in accordance with the corresponding Supplementary Terms.
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Portfolio of Receivables means the Receivables and any guarantee and/or security interest accessory to the Receivables, including, without limitation, the mortgage and assignment of the rents by way of security, as well as the other claims, rights, powers or privileges accessory to the Receivables.
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Examples of Portfolio of Receivables in a sentence

  • Each Series of Notes will be secured exclusively by the Portfolio of Receivables (and the Collections deriving therefrom) originated by IBL Banca and purchased by the Issuer from IBL Banca pursuant to the relevant Transfer Agreement and financed by the Issuer through the issue of such Series of Notes.

  • If insufficient moneys are raised on a proposed Note Issue Date to satisfy clause 6.7(b), neither the Trustee nor the Manager shall have any obligation or liability to any person (including each other, any intending Noteholder or any Beneficiary) to issue the Notes or, in the case of a proposed issue in relation to a Trust, to hold the benefit of the Portfolio of Receivables referred to in the corresponding Note Issue Direction for the Trust, or otherwise.

  • Subject to the Transaction Documents, the Trustee shall following a Note Issue Date for a Trust execute such documentation and do all such other acts, matters or things as the Manager reasonably requires to transfer the benefit of the Portfolio of Receivables referred to in the corresponding Note Issue Direction (and the benefit of all corresponding Loans, Related Securities, Receivable Rights and Support Facilities) to the Trust.

  • Under the Programme, the Issuer may issue different Series of Notes (as defined below) to finance the purchase of each Portfolio of Receivables from IBL Banca pursuant to the Programme Receivables Purchase Agreement and the relevant Transfer Agreement, up to the Programme Amount.

  • Subject to the Transaction Documents, the Trustee shall following a Note Issue Date for a Trust execute such documentation and do all such other acts, matters or things as the Trust Manager reasonably requires to transfer the benefit of the Portfolio of Receivables referred to in the corresponding Note Issue Direction (and the benefit of all corresponding Loans, Related Securities and Support Facilities) to the Trust.

  • See “The Portfolio and the Recovery and Collection Policies”.The Initial Portfolio of Receivables has been selected in accordance with the Common Criteria and the Specific Criteria applicable to the Initial Portfolio.

  • If insufficient moneys are raised on a proposed Note Issue Date to satisfy clause 13.8(b), neither the Trustee nor the Trust Manager shall have any obligation or liability to any person (including, without limitation, each other, any intending Noteholder or any Beneficiary) to issue the Notes or, in the case of a proposed issue in relation to a Trust, to hold the benefit of the Portfolio of Receivables referred to in the corresponding Note Issue Direction for the Trust, or otherwise.

  • Under the Programme, the Issuer may issue different Series of Notes to finance the purchase of each Portfolio of Receivables from IBL Banca pursuant to the Programme Receivables Purchase Agreement and the relevant Transfer Agreement, up to the Programme Amount.

  • Under the Programme, the Issuer may issue different Series of Notes (as defined below) to finance the purchase of each Portfolio of Receivables from IBL Banca and/or from each Other Seller (as defined below) pursuant to the Programme Receivables Purchase Agreement and the relevant Transfer Agreement, up to the Programme Amount.

  • If any such notice, request, demand or other communication is hand delivered, same shall be effective upon receipted delivery.

Related to Portfolio of Receivables

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Eligible Receivables means Receivables arising in the ordinary course of -------------------- Borrower's business from the sale of goods or rendition of services, which Silicon, in its sole judgment, shall deem eligible for borrowing, based on such considerations as Silicon may from time to time deem appropriate. Without limiting the fact that the determination of which Receivables are eligible for borrowing is a matter of Silicon's discretion, the following (the "Minimum ------- Eligibility Requirements") are the minimum requirements for a Receivable to be ------------------------ an Eligible Receivable: (i) the Receivable must not be outstanding for more than 90 days from its invoice date, (ii) the Receivable must not represent progress xxxxxxxx, or be due under a fulfillment or requirements contract with the Account Debtor, (iii) the Receivable must not be subject to any contingencies (including Receivables arising from sales on consignment, guaranteed sale or other terms pursuant to which payment by the Account Debtor may be conditional), (iv) the Receivable must not be owing from an Account Debtor with whom the Borrower has any dispute (whether or not relating to the particular Receivable), (v) the Receivable must not be owing from an Affiliate of Borrower, (vi) the Receivable must not be owing from an Account Debtor which is subject to any insolvency or bankruptcy proceeding, or whose financial condition is not acceptable to Silicon, or which, fails or goes out of a material portion of its business, (vii) the Receivable must not be owing from the United States or any department, agency or instrumentality thereof (unless there has been compliance, to Silicon's satisfaction, with the United States Assignment of Claims Act), (viii) the Receivable must not be owing from an Account Debtor located outside the United States or Canada (unless pre-approved by Silicon in its discretion in writing, or backed by a letter of credit satisfactory to Silicon, or FCIA insured satisfactory to Silicon), (ix) the Receivable must not be owing from an Account Debtor to whom Borrower is or may be liable for goods purchased from such Account Debtor or otherwise. Receivables owing from one Account Debtor will not be deemed Eligible Receivables to the extent they exceed 25% of the total Receivables outstanding. In addition, if more than 50% of the Receivables owing from an Account Debtor are outstanding more than 90 days from their invoice date (without regard to unapplied credits) or are otherwise not eligible Receivables, then all Receivables owing from that Account Debtor will be deemed ineligible for borrowing. Silicon may, from time to time, in its discretion, revise the Minimum Eligibility Requirements, upon written notice to the Borrower.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Ineligible Receivables shall have the meaning specified in subsection 2.05(a).

  • Schedule of Receivables means the Schedule of Receivables sold and transferred pursuant to this Agreement which is attached hereto as Schedule A.

  • Transferred Receivables means any Receivables that have been sold, contributed or otherwise transferred to an Eligible Transferee in connection with a Permitted Supply Chain Financing that is permitted under the Credit Agreement.

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Eligible Receivable means, at any time, a Receivable:

  • Initial Receivables means the Receivables transferred to the Trust on the Closing Date as set forth on the Schedule of Receivables attached to the Initial SSA Assignment.

  • Initial Receivable means each Contract related to a Financed Vehicle transferred to the Issuer pursuant to Section 2.1, which, as of the Closing Date, is listed on Schedule A (which Schedule A may be in the form of an electronic file), and all rights and obligations thereunder, except for Initial Receivables that shall have become Purchased Receivables or Sold Receivables.

  • Portfolio Asset means an asset of an investment fund;

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • Sold Receivable means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c) hereof.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Eligible Accounts Receivable means, at any time, the invoice value of Canadian Dollar and U.S. Dollar Accounts Receivable (net of all goods and services Taxes, harmonized sales Taxes and other sales Taxes and net of any credit balance, returns, trade discounts, unapplied cash, unbilled amount or retention or finance charges) owing to the Restricted Parties (or any of them) arising under any sales of Inventory from the operation of the business of the Restricted Parties made by the Restricted Parties to any Person in the ordinary course of business, which invoice value shall be periodically reported to the Lender in the form of Schedule “B” to be delivered (i) at the time of each Drawdown during the Covenant Holiday Period, if at the time of such Drawdown there is no principal amount outstanding under any Prime Rate Loans, Base Rate Loans, CDOR Loans, and there are no outstanding Bankers’ Acceptances or Letters of Credit (other than Letters of Credit issued under the Credit Facility that are fully secured with cash collateral provided by a Restricted Party to the Lender), and (ii) within fifteen days after the end of each calendar month during the Covenant Holiday Period, if during such month any Prime Rate Loans, Base Rate Loans, CDOR Loans, Bankers’ Acceptances or Letters of Credit (other than Letters of Credit issued under the Credit Facility that are fully secured with cash collateral provided by a Restricted Party to the Lender) are outstanding; provided that no Account Receivable shall be deemed an Eligible Account Receivable unless each of the following statements is accurate and complete (and by including such Account Receivable in any calculation of the Borrowing Base, the Borrower shall be deemed to represent and warrant to the Lender the accuracy and completeness of such statements):

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).

  • Subject Receivables has the meaning assigned to such term in the Asset Representations Review Agreement.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Principal Receivables means all Receivables other than Finance Charge Receivables.

  • Charged-Off Receivable means a Receivable: (i) as to which the Obligor thereof has taken any action, or suffered any event to occur, of the type described in Section 9.1(d) (as if references to Seller Party therein refer to such Obligor); (ii) as to which the Obligor thereof, if a natural person, is deceased, (iii) which, consistent with the Credit and Collection Policy, would be written off Seller’s books as uncollectible, or (iv) which has been identified by Seller as uncollectible.

  • Principal Receivable means any Receivable other than a Finance Charge Receivable. In calculating the aggregate amount of Principal Receivables in an Account on any date, the gross amount of Principal Receivables in the Account on that date must be reduced by the aggregate amount of credit balances in the Account on that date.