Purchased Portfolio definition

Purchased Portfolio means accounts that become Accounts of Client as a result of purchasing such accounts from an Acquirer or Card Issuer.
View Source
Purchased Portfolio means the aggregate of all Portfolio Pools.
View Source
Purchased Portfolio has the meaning specified in the definition of Closing Schedule.
View Source

Examples of Purchased Portfolio in a sentence

  • The Purchaser will, at the expense of the Seller, execute and deliver such assignments or other instruments of conveyance with respect to any Purchased Portfolio Asset repurchased by the Seller pursuant to this Section 2.3 as may be reasonably requested.

  • The Purchaser will, at the expense of the Seller execute and deliver such assignments or other instruments of conveyance with respect to the Purchased Portfolio Assets purchased pursuant to this Section 2.4 as may be reasonably requested.

  • The parties acknowledge that, for purposes of this Section 2.3(a), if any Purchased Portfolio Asset was not on the related Transfer Date an Eligible Loan, the interest of the Purchaser in such Purchased Portfolio Asset shall be deemed to have been materially and adversely affected.

  • The Purchaser’s and the Bond Trustee’s sole remedy in respect of any matter referred to in this Section 2.3(a), including, for greater certainty, any Purchased Portfolio Asset not being an Eligible Loan on the related Transfer Date, shall be the requirement of the Seller to take the required action under this Section 2.3.

  • In addition, the Seller shall not carry any Revolving Purchaser's Purchased Portfolio Assets sold to the Revolving Purchaser on its accounting records, and the Seller agrees that all such Revolving Purchaser's Purchased Portfolio Assets have been and will be, as contemplated by the terms of this Agreement, transferred and sold to the Revolving Purchaser and carried on the Revolving Purchaser's accounting records.

  • In addition, the Seller shall not carry any Purchased Portfolio Assets on its accounting records, and the Seller agrees that all such Purchased Portfolio Assets have been and will be, as contemplated by the terms of this Agreement, transferred and sold to the Initial Purchaser and carried on the Initial Purchaser's accounting records.

  • In connection with -------------------------------- the sale and conveyance of Purchased Portfolio Assets pursuant hereto, the Seller shall indicate on its books and records that all such Purchased Portfolio Assets have been sold or conveyed to the Initial Purchaser.

  • For valuable consideration, the ----------------- receipt and sufficiency of which are hereby acknowledged, and to induce the Initial Purchaser to purchase the Purchased Portfolio Assets hereunder, the Seller hereby grants to the Initial Purchaser, in order to secure the Initial Purchaser's rights under this Agreement, a security interest in any remaining right, title and interest in and to the Purchased Portfolio Assets that remain property of the Seller's estate, notwithstanding this Agreement.

  • If the rights and obligations of the Program Servicer Agent are terminated pursuant to Section 4.01 or Section 5.01, the Program Servicer Agent shall promptly remit to the Program Collection Account all other moneys with respect to the Purchased Portfolio Assets relating to each Fund held by the Program Servicer Agent, or for the account of the Purchaser, if any.

  • The Initial ------------------------------------- Purchaser shall be entitled to take all actions it considers reasonable to collect from the respective Companies and Funds all payments in respect of the Purchased Portfolio Assets as and when the same shall become due.