Receivable Rights definition

Receivable Rights has the meaning specified in the Master Trust Deed, but relates only to Receivable Rights held by the Trustee under a relevant Trust.
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Receivable Rights means, in relation to Receivables to be acquired by the Trustee from an Approved Seller, all of the Approved Seller's or the Trustee's (as the context requires) right, title, benefit and interest (present and future) in, to, under or derived from:
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Receivable Rights means, as to any Borrower, all of such Borrower’s rights to the payment of a monetary obligation (excluding payments required to be deposited into Trust Accounts, but including any rights to receive funds held in, distributed from or proceeds of any Trust Account on account of (i) funds requested from any Trust Account for services or merchandise which have not been received by a Borrower and are shown as a receivable on the balance sheet or books and records of the Partnership or such Borrower and (ii) income earned on funds in any Trust Account which have not been distributed to a Borrower and is shown as a receivable on the balance sheet or books and records of the Partnership or such Borrower), whether or not under any Installment Agreement, Management Agreement or Certificate of Indebtedness, whether or not earned by performance, and whether evidenced by an Account, Chattel Paper, Instrument, General Intangible, or otherwise, together with all other portions of the Collateral which, in the reasonable determination of the Collateral Agent, are related to the collection and performance of such rights to payment. Receivable Rights shall also include a portion of the proceeds of any Equity Sale equal to the portion of the Borrowing Base (as defined in the Credit Agreement) represented by amounts owing under Installment Agreements of such Borrower, as calculated on the date of such Equity Sale.
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Examples of Receivable Rights in a sentence

  • The Title Perfection Reserve may be used to pay all costs and expenses in relation to the perfection of the Trustee’s legal title to the Purchased Receivables and related Receivable Rights following the occurrence of a Title Perfection Event.

  • The Title Perfection Reserve can only be utilised by the Trustee to pay all costs and expenses in relation to the perfection of the Trustee’s legal title to the Purchased Receivables and related Receivable Rights following the occurrence of a Title Perfection Event.

  • In relation to the Receivables originated by CNH Capital, CNH Capital is the sole legal and beneficial owner of those Receivables and the related Receivable Rights specified in the relevant Sale Notice.

  • Those Receivables and the related Receivable Rights, together with its interest under the Relevant Documents, are owned by it free and clear of any security interest other than as created by the Trustee in connection with the Trust.

  • Asset In relation to the Trust means the assets forming the Trust from time to time, including any Receivable and Receivable Rights acquired by the Trustee, Authorised Investments, amounts owing to the Trustee by debtors and income accrued from Authorised Investments.Auditor The auditor of the Trust appointed from time to time.

  • When the aggregate Invested Amount of all Notes and all Seller Notes is less than 10% of the total Initial Invested Amount of all Notes and all Seller Notes, the Manager may direct the Trustee to offer to sell so many of the Purchased Receivables, Purchased Receivable Securities and related Receivable Rights to CNH Capital or any third party as is necessary to redeem the Notes and the Seller Notes which are outstanding.

  • On payment of the Unpaid Balance, the Trustee will cease to have any interest in the relevant Purchased Receivables and the related Receivables Rights and CNH will hold both the legal and beneficial interest in those Purchased Receivables and the related Receivable Rights.

  • The Trustee's right, title and interest in such SMART Receivable Rights is at all times subject to the terms of this Deed, the Master Trust Deed and the Master Sale and Servicing Deed.

  • The Trustee will not sell or deal with the relevant Housing Loans and related Receivable Rights except in accordance with paragraph (c)(i) unless the Approved Seller has failed to accept the offer referred to in paragraph (c)(i) within 180 days after the occurrence of the Termination Event Date by paying to the Trustee, within 180 days, the purchase price referred to in paragraph (c)(i) for all of those Housing Loans and related Receivable Rights.

  • The NPIF funding will be used primarily to improve and upgrade junctions along the A58 (Blackbrook Road/Park Road/Parr Street) and the A572 (Chancery Lane/Common Road/Crow Lane East/West) together with improvements to the A580 Carr Mill interchange.


More Definitions of Receivable Rights

Receivable Rights has the meaning specified in the Intercreditor Agreement.
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Receivable Rights means, as to NWB, all rights to the payment of a monetary obligation, whether or not earned by performance, and whether evidenced by an Account, Chattel Paper, Instrument, General Intangible, or otherwise, together with all other portions of the Collateral which, in the reasonable determination of P&S, are related to the collection and performance of such rights to payment. Receivable Rights shall also include a portion of the proceeds of any Equity Sale and of any Recovery Event.
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Receivable Rights. With respect to a Purchased Receivable, (i) FMAC's interest in the related Financed Vehicle; (ii) all rights of FMAC with respect to the related Contract and Financed Vehicle under all dealer agreements pursuant to which such Contract was acquired by FMAC including, any rights or obligations of FMAC to any dealer reserve accounts; (iii) all rights of FMAC with respect to Required Borrower Insurance and Optional Borrower Insurance; (iv) all rights of FMAC, if any, to prepaid dealer rate participation in connection with the related Contract; (v) all rights of FMAC with respect to Borrower Records and Remittances. Reimbursable Expenses. The costs and expenses of Servicer set forth on Exhibit D hereto.
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Receivable Rights means (a) any and all present and future rights of the Grantor in any goods and other property returned, repossessed or stopped in transit, the sale, lease or other disposition of which gave rise to, or contributed to the creation of, a Receivable, and (b) any and all now or hereafter existing letters of credit, guaranties, claims, security interests or other Liens on property held by or granted to the Grantor as security for the payment or performance of any or all of the Receivables and all now or hereafter existing invoices, promissory notes, guaranties, security agreements, mortgages, deeds of trust, leases and any and all other instruments, agreements, documents and papers of any nature whatsoever executed, delivered and/or furnished to or for the benefit of the Grantor evidencing, securing, guarantying and/or in connection with any or all of the Receivables.
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Related to Receivable Rights

  • 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.

  • 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.

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

  • 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).

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

  • Servicing Rights Pledgee One or more lenders, selected by the Servicer, to which the Servicer may pledge and assign all of its right, title and interest in, to and under this Agreement.

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

  • Receivables Sale Agreement means that certain Receivables Sale Agreement, dated as of July 10, 2003, among each Originator and Seller, as the same may be amended, restated or otherwise modified from time to time.

  • 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.

  • Servicing Rights means rights of any Person, to administer, service or subservice, the Purchased Assets or to possess related Servicing Records.

  • Receivables Purchase Facility means any securitization facility made available to the Borrower or any of its Subsidiaries, pursuant to which receivables of the Borrower or any of its Subsidiaries are transferred to one or more SPCs, and thereafter to certain investors, pursuant to the terms and conditions of the Receivables Purchase Documents.

  • Excluded Receivable means all indebtedness and other obligations owed to Originator or in which Originator has a security interest or other interest (including, without limitation, any indebtedness, obligation or interest constituting an account, chattel paper, instrument or general intangible) arising in connection with the sale of merchandise or the rendering of services by Originator and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto:

  • 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.

  • Diluted Receivable means a Pool Receivable the entire or partial Unpaid Balance of which is reduced or cancelled due to Dilution.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred, sold and/or pledged or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing (including, without limitation, lock-boxes, deposit accounts, records in respect of Receivables and collections in respect of Receivables).

  • 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 billings, or be due under a fulfillment or requirements contract with xxx Xxxount 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 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 Borrower. * (45 DAYS FROM THE INVOICE DATE WITH RESPECT TO RECEIVABLES FOR WHICH A DISTRIBUTOR IS THE ACCOUNT DEBTOR) **; PROVIDED, HOWEVER, RECEIVABLES OWING FROM A DISTRIBUTOR WILL NOT BE DEEMED ELIGIBLE RECEIVABLES TO THE EXTENT THEY EXCEED THE LOWER OF 25% OF THE TOTAL RECEIVABLES OUTSTANDING OR $500,000

  • Receivable Interest means, at any date of determination, an undivided percentage ownership interest in (a) all then outstanding Pool Receivables arising prior to the time of the most recent computation or recomputation of such undivided percentage interest pursuant to Section 1.03, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Each undivided percentage interest shall be computed as C + YR + LR + CAFR +DR NRPB where:

  • 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.

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

  • Related Security means, with respect to any Receivable:

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

  • 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.

  • Attributable Receivables Indebtedness at any time shall mean the principal amount of Indebtedness which (i) if a Permitted Receivables Facility is structured as a secured lending agreement, constitutes the principal amount of such Indebtedness or (ii) if a Permitted Receivables Facility is structured as a purchase agreement, would be outstanding at such time under the Permitted Receivables Facility if the same were structured as a secured lending agreement rather than a purchase agreement.

  • Qualified Originator means an originator of Mortgage Loans which is acceptable under the Underwriting Guidelines.