Receivable Seller definition

Receivable Seller means GE Capital, in its capacity as a seller under the Sale Agreement, and its successors and assigns.
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Receivable Seller means GE Capital, VFS and GECC of Tennessee, each, in its capacity as a seller under this Sale Agreement, and each of their successors and assigns.
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Receivable Seller means Household Receivables Acquisition Company II and any other seller of Receivables to the Seller.
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Examples of Receivable Seller in a sentence

  • Upon the occurrence of a Repurchase Event, Seller shall, unless the breach which is the subject of such Repurchase Event shall have been cured in all material respects, repurchase the Receivable relating thereto from the Issuer and, simultaneously with the repurchase of the Receivable, Seller shall deposit the Purchase Amount in full, without deduction or offset, to the Collection Account, pursuant to Section 3.2 of the Sale and Servicing Agreement.

  • With respect to each Receivable, Seller has given reasonably equivalent value to the applicable Originator in consideration therefor and such transfer was not made for or on account of an antecedent debt.

  • In the event that Seller shall receive any payment on the Accounts Receivable, Seller shall hold the amount received in trust for the benefit of Purchaser and shall immediately remit to Purchaser the amount received in its entirety.

  • In addition, AEG will charge Seller an (A) an Administrative Fee with respect to (i) any Receivable Seller fails to sell to AEG, or (ii) any payment made to Seller with respect to a Receivable which is not remitted to AEG, in accordance with the provisions of this Agreement, and (B) any Termination Fee payable pursuant to Section 16 of this Agreement.

  • Notwithstanding any other provision of this Agreement, if Seller determines that all or some portion of the Principal Balance of a Receivable is required to be cancelled pursuant to HNB GAP in effect for such Receivable, Seller shall so notify Servicer, and Servicer shall take the appropriate steps to reduce the Principal Balance of such Receivable by the GAP Amount, and such reduction shall not be a violation of any other provision of this Agreement.

  • With respect to each Account and each Receivable, Seller hereby represents and warrants to Purchaser that the statements made in this Section 5 are correct and complete as of the Initial Closing Date with respect to the Receivables.

  • In the event Seller shall receive any instrument of payment of any of the Accounts Receivable, Seller shall forthwith deliver it to Purchaser, endorsed where necessary, without recourse, in favor of Purchaser.

  • The reserves against the Accounts Receivable have been established in accordance with GAAP, and based upon a review of such Accounts Receivable, Seller reasonably believes such reserves to be adequate.

  • If, after the Closing Date, Seller shall receive any remittance from any account debtors with respect to the Accounts Receivable, Seller shall endorse such remittance to the order of the New LLC and forward it to the New LLC promptly following receipt thereof.

  • Upon Charge-Back of any Receivable, Seller shall pay to Purchaser on demand an amount equal to the Gross Amount of the Receivable (the face amount of the Receivable), less rebate of Discount, if any, less any payments made on such invoice to Purchaser.


More Definitions of Receivable Seller

Receivable Seller means any provider of medical, hospital, or dental services, or durable medical equipment, and any other for-profit or not-for-profit commercial organization and whose financial condition meets the criteria set forth by the Debtor. The criteria set by the Debtor shall be based on ratings of the Receivable Seller published by Dun & Bradstreet and other rating agencies, as well as the underwriting criteria for such sellers established by the Debtor from time to time.
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Related to Receivable Seller

  • Receivables Seller means the Borrower or those Subsidiaries that are from time to time party to the Permitted Receivables Facility Documents (other than any Receivables Entity).

  • the Seller means the person so described in the Order;

  • 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.

  • Receivables Sellers means the Company and those Subsidiaries (other than Receivables Entities) that are from time to time party to the Permitted Receivables Facility Documents.

  • Originator means the sender of the first payment order in a funds transfer.

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

  • 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.

  • 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).

  • 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.

  • 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).

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • NFC means Navistar Financial Corporation, a Delaware corporation.

  • Sold Receivable means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c) hereof.

  • 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.

  • Warranty Receivable means a Receivable which the Seller is required to repurchase pursuant to Section 3.02.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

  • Receivables Purchase Price means $1,403,509,094.50.

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

  • Initial Receivables means any Receivable conveyed to the Trust on the Closing Date.

  • Retail seller means any person that sells any dangerous drug to consumers without assuming control over and responsibility for its administration. Mere advice or instructions regarding administration do not constitute control or establish responsibility.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Receivables Sale Agreement means that certain Third Amended and Restated Receivables Sale Agreement, dated as of May 18, 2011, between the Originator and the Seller (as amended, restated, supplemented or otherwise modified and in effect from time to time).

  • Seller has the meaning set forth in the Preamble.