Program Receivable definition

Program Receivable with respect to any Program Portfolio, has the meaning set forth in the related Program Portfolio Schedule.
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Program Receivable means any Receivable, or any similar right to payment from any Person related to the advancing of a private student loan, in any case originated or otherwise acquired by the Borrower, EEF or any Affiliate thereof, which Receivable or right to payment is originated or acquired under or by reference to the PrePrime Program or the Prime Program, as the case may be, or any other private student loan program with substantially similar origination and underwriting policies and target obligors.
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Program Receivable means any Receivable from a Customer (a) due more than one hundred and eighty (180) days after the original invoice date and (b) created in connection with Borrower's sales incentive program pursuant to which such Customer receives and accepts delivery from Borrower of the Inventory giving rise to such Receivable between September 1 through and including December 31 of each calendar year.
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Examples of Program Receivable in a sentence

  • If the Subservicer advances any Reimbursables during any Collection Period with respect to any Program Receivable, then the Servicer shall reimburse the Subservicer in accordance with the applicable Monthly Invoice.

  • The Servicer has obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Servicer to perform its obligations under this Agreement or any Program Portfolio Schedule or affect the enforceability or collectability of any Program Receivable.

  • Except as otherwise expressly provided in this Agreement, this Agreement does not create, and will not be deemed to create, a relationship among the parties hereto and any third party (including any Obligor or any owner or pledgee of any Program Receivable) in the nature of a third party beneficiary or fiduciary relationship.

  • Notwithstanding the access rights provided to the Subservicer pursuant to this Section 2.1, the parties hereto agree that the Subservicer shall have no ownership or similar rights in any Contract File or Program Receivable.

  • The Subservicer has obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Subservicer to perform its obligations under this Agreement or any Program Portfolio Schedule or affect the enforceability or collectability of any Program Receivable.

  • In the event the Servicer does not deliver such a statement to any obligor as required and the Subservicer delivers such a statement, Servicer agrees that it will pay the reasonable costs of the statements and delivery costs, or (ii) otherwise contact or solicit any Obligor throughout the life of the related Program Receivable other than as expressly permitted by this Agreement.

  • For the avoidance of doubt, under the COVID-19 Customer Relief Program, in no event shall an Obligor be permitted to avail itself of (a) the Phase II Program prior to exhausting relief under the Phase I Program, (b) the Phase III Program prior to exhausting relief under the Phase II Program, or (c) the Phase I Program, the Phase II Program or the Phase III Program after the related Receivable has become a Re-performing COVID Program Receivable.

  • Investment Grade (High) Program Receivable Amount” means, as of any date of determination, the sum of all Series 2022-5 ▇▇▇▇▇’▇ Eligible Manufacturer Receivables, in each case, as of such date by all Series 2022-5 ▇▇▇▇▇’▇ Non-Investment Grade (High) Manufacturers.

  • Payment by BFC of the Program Receivable amount due that day shall be made by wire transfer no later than 2:00 p.m. (central time), unless CB&T us late in notifying BFC of the amount due that day, in which case, BFC shall use all reasonable efforts to send the wire transfer within the time period set forth above or as soon thereafter as possible.