Receivables Corporation definition

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Receivables Corporation means any special purpose vehicle the sole purpose and operations of which at such time of determination is to be the transferee of accounts receivable, assets and rights related thereto (including, without limitation, the equity interests of any Receivables Corporation) and any proceeds of the foregoing in connection with, and the borrower or seller (or, in either case, the equivalent thereof) under, a Receivables Facility described and permitted in the definition of “Receivables Facility” herein; provided, that all obligations of Receivables Corporations shall be non-recourse to the Borrower and any Subsidiary that is not a Receivables Corporation (other than representations, warranties, covenants and indemnities entered into by the Borrower or any Subsidiary thereof in connection with such Receivables Facility, which are reasonably customary in asset securitizations for the types of assets subject to the applicable Receivables Facility, and the non-recourse pledge of the equity interests of any Receivables Corporation).

Receivables Corporation means each of receivables corporations created pursuant to the Securitizations and identified on Exhibit A.

Examples of Receivables Corporation in a sentence

Except as otherwise specified herein or if the context may otherwise require, capitalized terms used but not otherwise defined herein have the meanings ascribed thereto in the Sale and Servicing Agreement, dated as of the date hereof (the “Sale and Servicing Agreement”), by and among Nissan Auto Receivables Corporation II, as seller, Nissan Motor Acceptance Corporation, as servicer, the Issuer and the Indenture Trustee.
Except as otherwise specified herein or if the context may otherwise require, capitalized terms used but not otherwise defined herein have the meanings ascribed thereto in the Sale and Servicing Agreement, dated as of the date hereof (the “Sale and Servicing Agreement”), by and among Nissan Auto Receivables Corporation II, as seller, Nissan Motor Acceptance Corporation, as servicer, and the Issuer.
Seller acknowledges that during the term of this Agreement, Agent may undertake to join either one or both of Sheffield Receivables Corporation and Barclays Bank Delaware as additional purchasers under this Agreement, and Seller hereby consents to the joinder of such additional purchasers.
Bankers Trust Company shall have no obligation, in its capacity as program administrator for Victory Receivables Corporation or otherwise, to take any actions under the Transaction Documents if Bankers Trust Company is relieved of its obligations as program administrator for Victory Receivables Corporation.
NUMBER R- Evidencing a fractional undivided ownership interest in the Trust, as defined below, the property of which includes a pool of retail installment sale contracts secured by new, near-new and used automobiles and light-duty trucks and sold to the Trust by Nissan Auto Receivables Corporation II (“NARC II”).
This certificate (a "Certificate") does not represent any interest in, or obligation of, Bombardier Credit Receivables Corporation ("BCRC") or any Affiliate thereof.
All demands, notices, communications and instructions upon or to the Seller, the Servicer, the Owner Trustee, the Indenture Trustee or the Rating Agencies under this Agreement shall be in writing, personally delivered or mailed by certified mail, return receipt requested, and shall be deemed to have been duly given upon receipt (a) in the case of the Seller, to Nissan Auto Receivables Corporation II, P.▇.
Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned them in Part I of Appendix A to the Pooling and Servicing Agreement of even date herewith among the Issuer, Navistar Financial Retail Receivables Corporation and Navistar Financial Corporation, as Servicer (as it may be amended, supplemented or modified from time to time, the "Pooling and Servicing Agreement").
The Seller Parties, MUFG and certain other financial institutions, Victory Receivables Corporation and certain other commercial paper conduits and JPMorgan are parties to that certain Second Amended and Restated Receivables Purchase Agreement, dated as of March 19, 2010 (as amended supplemented, or otherwise modified through the date hereof excluding this Agreement, the “Prior Agreement”).
Victory Receivables Corporation The Bank of Tokyo-Mitsubishi UFJ, Ltd.

More Definitions of Receivables Corporation

Receivables Corporation means any special purpose vehicle the sole purpose and operations of which at such time of determination is to be the transferee of accounts receivable in connection with, and the borrower under, a Receivables Facility described and permitted in the definition of “Receivables Facility” herein; provided, that all obligations of Receivables Corporations shall be non-recourse to the Borrower and any Subsidiary that is not a Receivables Corporation (other than customary obligations of transferors to repurchase certain transferred receivables and related transferred assets under usual and customary conditions for receivables financing facilities).

Receivables Corporation means BWA Receivables Corporation, a Delaware corporation and a wholly-owned Domestic Subsidiary, and each other special purpose vehicle created solely for the purpose of being the transferee of accounts receivable in connection with, and the borrower under, a Receivables Facility described and permitted in the definition of “Receivables Facility” herein; provided, that all obligations of Receivables Corporations shall be non-recourse to the Borrower and any Subsidiary that is not a Receivables Corporation (other than customary obligations of transferors to repurchase certain transferred receivables and related transferred assets under usual and customary conditions for receivables financing facilities).

Receivables Corporation means any special purpose vehicle the sole purpose and operations of which at such time of determination is to be the transferee of accounts receivable in connection with, and the borrower or seller (or, in either case, the equivalent thereof) under, a Receivables Facility described and permitted in the definition of “Receivables Facility” herein; provided, that all obligations of Receivables Corporations shall be non-recourse to the Borrower and any Subsidiary that is not a Receivables Corporation (other than representations, warranties, covenants and indemnities entered into by the Borrower or any Subsidiary thereof in connection with such Receivables Facility, which are reasonably customary in asset securitizations for the types of assets subject to the applicable Receivables Facility).

Receivables Corporation has the meaning given that term in Section 3.1.