Purchased Receivable Records definition
Purchased Receivable Records means the original and/or any copies of the Financing Contracts and all documents, books, records and information, in whatever form or medium, relating to the Financing Contracts, including all computer tapes and discs specifying, among other things, Obligor details, the amount and dates on which payments are due and are paid under the Financing Contracts, which are from time to time maintained by the Servicer or the Seller with respect to the Purchased Receivables and/or the related Obligors.
Examples of Purchased Receivable Records in a sentence
Following completion of the purchase of any Purchased Receivables, the Servicer will ensure that the Purchased Receivable Records in respect of the Ancillary Rights and the relevant Financing Contracts are held to the order of the Issuer and the Security Trustee.
The Servicer shall maintain or procure that there is maintained insurance to cover against loss or damage to Purchased Receivable Records held by the Servicer pursuant to this Agreement.