Receivables Portfolio definition

Receivables Portfolio of a Credit Party means any group of Receivables of such Credit Party acquired by such Credit Party as part of a single transaction.

Receivables Portfolio of any Person means any group of Receivables acquired by such Person as part of a single transaction.

Receivables Portfolio of a Loan Party means any group of Receivables of such Loan Party acquired by such Loan Party as part of a single transaction.

Examples of Receivables Portfolio in a sentence

• The Successor Servicer shall have experience in the servicing of loans similar to those included in the Receivables Portfolio and shall have well documented and adequate policies, procedures and risk management controls relating to such servicing.

• The Company will not, nor will it permit any other Credit Party to, acquire any single Receivables Portfolio with a purchase price in excess of the lesser of (i) 50% of Consolidated Tangible Net Worth as of the Company’s most recently ended fiscal quarter and based on the financial statements of the Company for such fiscal quarter and (ii) $100,000,000.

• The above described factors may limit the capacity of the Back-up Servicer (or the Successor Servicer, if and when appointed) to render the services in the manner rendered by the original Servicer and consequentially may impose a delay and negatively affect the collections and recoveries made under the Receivables Portfolio and therefore affect the rights of the Noteholders to receive payments under the Notes.

• In particular, Additional Receivables may have different payment characteristics from the Receivables in the Initial Receivables Portfolio as at the Closing Date or the relevant Additional Purchase Date.

• No Transaction Party (other than the Issuer to the extent of the cashflows generated by the Receivables Portfolio and any other amounts paid to the Issuer pursuant to the Transaction Documents) or any other person has assumed any obligation in case the Issuer fails to make a payment due under any of the Notes.

More Definitions of Receivables Portfolio

Receivables Portfolio means a group of Receivables originated by an issuer of receivables.

Receivables Portfolio of a Credit Party means any group of Receivables of such Credit Party acquired by such Credit Party as part of a single transaction. “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor thereto or

Receivables Portfolio of a Borrower shall mean any group of Receivables of such Borrower acquired by such Borrower as part of a single transaction.

Receivables Portfolio means all accounts receivable and all related rights (including the Related Assets) which are owned by Xxxxx as of the Closing Date, which the Borrower shall purchase in accordance with the terms of the Interim Order and the Receivables Purchase Agreement.

Receivables Portfolio means the Initial Receivables Portfolio and each Additional Receivables Portfolio;

Receivables Portfolio of any Person shall mean any group of Receivables acquired by such Person as part of a single transaction. LEGAL02/36800330v21

Receivables Portfolio every portfolio which contains performing, sub performing or charged-off accounts, loans, receivables, mortgages, debentures and claims, which is owned by the Issuer or a Restricted Subsidiary is entitled to collect and retain substantially all of the amounts due under such performing, sub-performing or charged-off account, loan, receivable, mortgage, debenture or claim, or other similar asset or instrument or to receive amounts equivalent thereto.