Prime Receivable definition

Prime Receivable means an account which is identified on the Collection Agent's master servicing record as a "type 25" account.
Sample 1
Prime Receivable means, prior to the occurrence of a Prime Receivable Conversion Event, an Eligible Receivable as to which all of the following criteria are satisfied as of its respective Cut-Off Date, or, with respect to criteria no. 5 below, as of the most recent date of determination:
Sample 1
Prime Receivable means a Receivable for which, at the time of underwriting, the related FICO Score was 680 or greater. "Prime Serviced Portfolio Receivable" means a Serviced Portfolio Receivable for which, at the time of underwriting, the related FICO Score was 680 or greater. "Principal Amount" means, with respect to any Loan, the aggregate amount advanced by the Lenders on the Funding Date in respect of such Loan. "Principal Balance" means, for any Receivable as of any date of determination, (i) the related Amount Financed minus (ii) the sum, without duplication, of (a) that portion of all Scheduled Payments actually received on or prior to such day allocable to principal using the Simple Interest Method plus (b) any payment of the Release Price with respect to such Receivable allocable to principal plus (c) any Cram Down Loss in respect of such Receivable plus (d) any prepayment in full or any partial prepayment applied in reduction of principal of such Receivable.
Sample 1

Examples of Prime Receivable in a sentence

  • Xxxxxxxxx SCHEDULE II SCHEDULE OF LOCK-BOX ACCOUNTS Bank Name Originator Bank Account # Bank of America Illinois All Originators 8188500959 000 Xxxxx Xxxxxxx Xx. Xxxxxxx, XX 00000 Norwest All Originators 6355064529 MAC N9305-031 Prime Receivable Corp.

  • Sims SCHEDULE II SCHEDULE OF LOCK-BOX ACCOUNTS BANK NAME ORIGINATOR BANK ACCOUNT # --------- ---------- -------------- Bank of America Illinois All Originators 8188500959 231 South Lasalle St. Chicago, IL 60697 Norwest Xxx Xxxxxxxxxxx 6355064529 MAC N9305-031 Prime Receivable Corp.

  • Xxxxxxxxx SCHEDULE II SCHEDULE OF LOCK-BOX ACCOUNTS Bank Name Originator Bank Account # --------- ---------- -------------- Bank of America Illinois All Originators 8188500959 000 Xxxxx Xxxxxxx Xx. Xxxxxxx, XX 00000 Xxxxx Fargo Bank ** All Originators 6355064529 MAC N9305-031 Prime Receivable Corp.

  • Xxxxxx Title: President SCHEDULE IV SCHEDULE OF LOCK-BOX ACCOUNTS Bank Name Originator Bank Account # Bank of America Illinois All Originators 8188500959 000 Xxxxx Xxxxxxx Xx. Xxxxxxx, XX 00000 Norwest All Originators 6355064529 MAC N9305-031 Prime Receivable Corp.

  • Storer --------------------------------------------- Title: President --------------------------------------- SCHEDULE IV SCHEDULE OF LOCK-BOX ACCOUNTS BANK NAME ORIGINATOR BANK ACCOUNT # --------- ---------- -------------- Bank of America Illinois All Originators 8188500959 231 South Lasalle St. Chicago, IL 60697 Norwest Xxx Xxxxxxxxxxx 6355064529 MAC N9305-031 Prime Receivable Corp.

  • Xxxxxx ----------------------------------------- Title: President SCHEDULE IV SCHEDULE OF LOCK-BOX ACCOUNTS Bank Name Originator Bank Account # --------- ---------- -------------- Bank of America Illinois All Originators 8188500959 000 Xxxxx Xxxxxxx Xx. Xxxxxxx, XX 00000 Xxxxx Fargo Bank ** All Originators 6355064529 MAC N9305-031 Prime Receivable Corp.


More Definitions of Prime Receivable

Prime Receivable means a Program Receivable originated or acquired under or by reference to the Prime Program.
Sample 1
Prime Receivable means a Receivable for which, at the time of underwriting, the related FICO Score was 700 or greater. "Prime Serviced Portfolio Receivable" means a Serviced Portfolio Receivable for which, at the time of underwriting, the related FICO Score was 700 or greater. "Principal Amount" means, with respect to any Loan, the aggregate amount advanced by the Lenders on the Funding Date in respect of such Loan. "Principal Balance" means, for any Receivable as of any date of determination, (i) the related Amount Financed minus the sum, without duplication, of (a) that portion of all Scheduled Payments actually received on or prior to such day allocable to principal using the Simple Interest Method plus (b) any payment of the Release Price with respect to such Receivable allocable to principal plus (c) any Cram Down Loss in respect of such Receivable plus (d) any prepayment in full or any partial prepayment applied in reduction of principal of such Receivable. "Program Fee" means, for any Collection Period, the fee payable by the Borrower on the related Payment Date in an amount equal to the product of (i) the Program Fee Rate times (ii) the average daily Loans Outstanding during such Collection Period funded by Commercial Paper Notes times (iii) a fraction, (a) the numerator of which is the actual number of days during such Collection Period and (b) the denominator of which is 360. "Program Fee Rate" has the meaning given to such term in the Fee Letter. "Purchase Agreement" means the Amended and Restated Purchase Agreement, dated as of December 31, 2020, between DFC and the Borrower, together with each Purchase Agreement Supplement. "Purchase Agreement Supplement" means a Purchase Agreement Supplement in substantially the form attached to the Purchase Agreement as Exhibit A, executed by the Borrower and DFC in connection with a transfer of Receivables and the related Collateral on any Funding Date. "Qualified Institution" means any depository institution or trust company organized under the laws of the United States or any State (or any domestic branch of a foreign bank), (i) (a) that meets (or the parent of which meets) either (1) the Long-Term Rating Requirement or (2) the Short-Term Rating Requirement or (b) is otherwise acceptable to the Administrative Agent and (ii) whose deposits are insured by the Federal Deposit Insurance Corporation. "Quarterly Report" means a data tape, which shall include as to each Receivable such information as shall be agreed upon by the ...
Sample 1
Prime Receivable means any of a New Prime Receivable or an Old Prime Receivable.
Sample 1
Prime Receivable means, a Receivable originated (a) by Bay View or Long Beach or pursuant to a Third-Party Lender Program, in each case, on or prior to April 11, 2008 for which the related Obligor had a Credit Bureau Score equal to or greater than 680 at the time the Receivable was originated, (b) by AmeriCredit or its Affiliates or pursuant to a Third-Party Lender Program which has received a Prime Designation Stamp or (c) by Bay View for which the related Obligor had a Credit Bureau Score equal to or greater than 680 at the time the Receivable was originated.
Sample 1
Prime Receivable means a Receivable for which, at the time of underwriting, the related FICO Score was 680 or greater. "Prime Serviced Portfolio Receivable" means a Serviced Portfolio Receivable for which, at the time of underwriting, the related FICO Score was 680 or greater. "Principal Amount" means, with respect to any Loan, the aggregate amount advanced by the Lenders on the Funding Date in respect of such Loan.
Sample 1

Related to Prime Receivable

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

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

  • Eligible Accounts Receivable means Accounts, Instruments, Documents, Chattel Paper, Contracts, and General Intangibles from customers of Borrowers or any Approved Subsidiary in which Bank has a perfected first priority security interest subject to Bank's credit approvals thereof other than the following: (i) Accounts which remain unpaid ninety (90) days after the date of the applicable invoice; (ii) Accounts with respect to which the Account Debtor is an Affiliate of any of the Borrowers, or a director, officer or employee of any of the Borrowers; (iii) Accounts with respect to which the Account Debtor is the United States of America or any department, agency or instrumentality thereof, unless filings in accordance with the Assignment of Claims Act have been completed and filed in a manner satisfactory to the Agent or, as to any government contract entered into after the date of this Agreement, concurrently with the execution and delivery of that government contract; (iv) Accounts with respect to which the Account Debtor is not a resident of the United States or Canada except if such Accounts (1) are secured by irrevocable trade letter(s) of credit in form and content acceptable to Bank and confirmed by a United States financial institution acceptable to Bank, (2) are secured by standby letters of credit with an expiration of date of at least one hundred twenty (120) days from the date of shipment confirmed by United States Bank acceptable to Bank and otherwise in form and content acceptable to Bank, or (3) are insured by a company acceptable to Bank, which insurance covers business and political risk; (v) Accounts arising with respect to goods which have not been shipped and delivered to and accepted as satisfactory by the Account Debtor or arising with respect to services which have not been fully performed and accepted as satisfactory by the Account Debtor; (vi) Accounts for which the prospect of payment in full or performance in a timely manner by the Account Debtor is or is likely to become impaired as determined by the Bank in its reasonable discretion; (vii) Accounts which are not invoiced (and dated as of the date of such invoice) and sent to the Account Debtor within fifteen (15) days after delivery of the underlying goods to, or performance of the underlying services for, the Account Debtor; (viii) Accounts with respect to which Bank does not have a first and valid fully perfected security interest; (ix) Accounts with respect to which the Account Debtor is the subject of bankruptcy or a similar insolvency proceeding or has made an assignment for the benefit of creditors or whose assets have been conveyed to a receiver or trustee, except if Bank is delivered evidence acceptable to Bank as to the collectability in the normal course of business of such Accounts; (x) Accounts with respect to which the Account Debtor's obligation to pay the Account is conditional upon the Account Debtor's approval or is otherwise subject to any repurchase obligation or return right, as with sales made on a xxxx-and-hold, guaranteed sale, sale-and-return, sale on approval (except with respect to Accounts in connection with which Account Debtors are entitled to return Inventory solely on the basis on the quality of such Inventory) or consignment basis; (xi) Accounts with respect to which the Account Debtor is located in Minnesota unless the applicable Borrower has filed a Notice of Business Activities Report with the Secretary of State of Minnesota for the then current year; (xiv) all Accounts of any Account Debtor if twenty-five percent (25.0%) or more of all Accounts of such Account Debtor have ceased to be Eligible Accounts Receivable; and (xii) Accounts with respect to which the Account Debtors are residents of Canada to the extent the aggregate sum exceeds $750,000.00. The approvals of Account Debtors and Accounts shall be for Bank purposes only and shall not constitute any representation by Bank as to the credit worthiness of any such Account Debtor or the advisability or profitability of doing business with such Account Debtor.

  • Receivable any right to payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including, without limitation, any Account).

  • Delinquent Receivable means any Receivable that is not a Liquidated Receivable and which the related Obligor fails to make at least 90% of the related Scheduled Receivables Payment by the date on which it is due and remains unpaid for more than sixty (60) days from the original payment due date.

  • 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.