Receivables Purchase Date definition

Receivables Purchase Date means, with respect to any Receivable, the Business Day on which the Company purchases such Receivable from the applicable Seller and transfers such Receivable to the Trust.
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Receivables Purchase Date. Each Business Day during the Revolving Period on which Eligible Receivables are created in any Account then included in the Pool of Accounts, subject to Section 6.02 of the Pooling and Servicing Agreement.
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Receivables Purchase Date with respect to any Receivables Purchase Series, shall have the meaning specified in Section 6.17.
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Examples of Receivables Purchase Date in a sentence

  • The Purchaser shall pay, subject to Section 6.02, for property described in Section 2.03 sold by GMAC to the Purchaser on each Addition Date and property described in Section 2.01(b) sold by GMAC to the Purchaser on each Receivables Purchase Date, a price equal to the principal balance of the Eligible Receivables to be purchased on each such date.

  • The Servicer shall also notify each Purchaser Representative of such Conveyance in writing at least five days in advance of the date upon which such Conveyance is to occur specifying the designation of any Receivables Purchase Series to be created on the Receivables Purchase Date and the initial Receivables Purchase Interest (or the method for calculating such initial Receivables Purchase Interest) of such Receivables Purchase Series.

  • The Purchaser shall pay, subject to Section 6.02, for property described in Section 2.03 sold by the Original Seller to the Purchaser on each Addition Date and property described in Section 2.01(b) sold by the Original Seller to the Purchaser on each Receivables Purchase Date, a price equal to the principal balance of the Eligible Receivables to be purchased on each such date.

  • Under no circumstances shall Triple-A make any Receivables Purchase if, after giving effect to such Receivables Purchase, the aggregate outstanding Capital hereunder would exceed the least of (i) the Facility Limit, (ii) the Capital Limit, or (iii) the sum, on such Receivables Purchase Date, of (a) the net proceeds from the sale of Commercial Paper PLUS (b) the proceeds of Advances.

  • The Purchaser shall deduct such amounts from the proceeds payable to the Seller on each such Receivables Purchase Date.

  • Triple-A shall, before 3:00 P.M. (New York City time) on the proposed Receivables Purchase Date of each Receivables Purchase, subject to the applicable conditions set forth in ARTICLE IV, make available to the Seller a wire transfer of such funds to the Seller in accordance with the Seller's written wire transfer instructions.

  • The Trustee, on behalf of the Trust, at the direction of the Servicer, may enter into a Receivables Purchase Agreement if the Servicer notifies the Trustee in writing at least five days in advance (a "Receivables Purchase Notice") of the date upon which the initial Conveyance of Receivables Purchase Interests pursuant to the applicable Receivables Purchase Agreement shall occur (a "Receivables Purchase Date").

  • After giving effect to the initial Receivables Purchase on the initial Receivables Purchase Date, and immediately after giving effect to each subsequent Receivables Purchase, the average Outstanding Balance of all Purchased Receivables hereunder shall not be less than 90% nor more than 110% of the average "Outstanding Balance" of "Pledged Receivables" (as each term is defined in the Definitions List to the Credit Agreement).

  • Each Sale Notice shall be by telephone, telex, telecopy, cable or other facsimile transmission (in the case of any such Sale Notice by telephone, confirmed immediately in writing) and shall specify therein (1) the aggregate initial Capital to be funded in connection with such Receivables Purchase, (2) the relevant Receivables Purchase Date, and (3) the requested duration of the initial Purchase Period(s) for such Capital.

  • Whenever the Seller wishes to sell Receivables hereunder, it shall deliver to each Managing Agent a notice (“Sale Notice”) in substantially the form of Exhibit A hereto no later than 10:00 A.M. (New York City time) at least one (1) Business Days prior to the proposed Receivables Purchase Date.


More Definitions of Receivables Purchase Date

Receivables Purchase Date means, with respect to any Receivables Purchase, the date on which such Receivables Purchase is funded, which date, other than in the case of the initial Receivables Purchase, shall be a Settlement Date.
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Receivables Purchase Date means, with respect to any Receivable, the Business Day on which (i) USFS purchases such Receivable from the applicable Seller and (ii) the Company purchases such Receivable from USFS and transfers such Receivable to the Trust.
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Receivables Purchase Date is defined in Section 3(b).
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Receivables Purchase Date means each Business Day on which Receivables are sold to Yamaha pursuant to Section 1 hereof.
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Receivables Purchase Date shall have the meaning specified in ------------------------- Section 2.1. -----------
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Receivables Purchase Date means each date upon which Company consummates the purchase of Receivables through payment of the Receivables Purchase Amount (as defined in Section 2.3).
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Related to Receivables Purchase Date

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

  • Receivables Purchase Documents means those documents entered into in connection with any series of receivables purchase or sale agreements generally consistent with terms contained in comparable structured finance transactions pursuant to which the Borrower or any of its Subsidiaries, in their respective capacities as sellers or transferors of any receivables, sell or transfer to SPCs all of their respective rights, title and interest in and to certain receivables for further sale or transfer to other purchasers of or investors in such assets (and the other documents, instruments and agreements executed in connection therewith), as any such agreements may be amended, restated, supplemented or otherwise modified from time to time, or any replacement or substitution therefor.

  • 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.

  • Receivables Purchase Agreement means the Receivables Purchase Agreement dated as of October 1, 2007, between the Issuer, the Depositor and the Receivables Seller, as the same may be amended, modified or supplemented from time to time.

  • Final Purchase Date means the final date on which a purchase and sale of Loans and their Related Security is completed pursuant to the terms of the Mortgage Sale Agreement;

  • Stock Purchase Date has the meaning specified in the Stock Purchase Contract Agreement.

  • Optional Purchase Date As defined in Section 8.01(a) of the Servicing Agreement. Optional Purchase Percentage: 10.00%.

  • 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).

  • Original Purchase Date means with respect to any Loan, the date such Loan was purchased by Town Hall Funding from the Master Depositor pursuant to the Conveyance Agreement.

  • VWAP Purchase Date means, with respect to any VWAP Purchase made hereunder, the Business Day following the receipt by the Buyer of a valid VWAP Purchase Notice that the Buyer is to buy Purchase Shares pursuant to Section 1(c) hereof.

  • Purchase Date means the date determined by the General Partner as the date for purchase of all Outstanding Limited Partner Interests of a certain class (other than Limited Partner Interests owned by the General Partner and its Affiliates) pursuant to Article XV.

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

  • Repurchase Date has the meaning specified in Section 14.1.

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Stated Principal Balance is less than 10.00% of the Cut-off Date Balance.

  • Early Repurchase Date shall have the meaning specified in Section 3(d) of this Agreement.

  • Receivables Fee means distributions or payments made directly or by means of discounts with respect to any accounts receivable or participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Facility.

  • Defaulted Note Purchase Date shall have the meaning assigned to such term in Section 12.

  • Receivables Pool means, at any time of determination, all of the then outstanding Receivables transferred (or purported to be transferred) to the Borrower pursuant to the Purchase and Sale Agreement prior to the Termination Date.

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

  • Mandatory Purchase Date means the Purchase Date for a Mandatory Purchase in accordance with this Statement and the VRDP Purchase Agreement.

  • the transfer date means 1 September 1989;

  • 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).

  • Receivables Schedule means the schedule of receivables attached as Schedule A, as amended, supplemented or otherwise modified and in effect from time to time.

  • 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.

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

  • Change of Control Purchase Date shall have the meaning specified in Section 10.1.