Receivables Seller definition

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 Seller has the meaning assigned to such term in the definition of “Permitted Receivables Facility”.

Receivables Seller means any Loan Party or any Subsidiary of Parent that is a party to the Permitted Receivables Facility Documents (other than any Receivables Entity).

Examples of Receivables Seller in a sentence

• In the event that Seller receives collections or recoveries with respect to the Receivables, Seller agrees to pay to HARC (or to the Master Servicer if HARC so directs) all such collections and recoveries to the extent such amounts are payable to HARC as soon as practicable after receipt thereof.

• Upon notice of such a breach, the Administrator shall enforce the Issuer’s rights to require the Receivables Seller to deposit the Indemnity Payment with respect to the affected Receivable(s) into the Collection and Funding Account.

• The Receivables Seller hereby agrees that in addition to any costs otherwise required to be paid pursuant to the Transaction Documents, the Receivables Seller shall be responsible for the payments of the reasonable and documented legal fees and out-of-pocket expenses of legal counsel to the Administrative Agent, the Noteholders, the Owner Trustee and the Indenture Trustee incurred in connection with the consummation of this Amendment and all other documents executed or delivered in connection therewith.

• The Issuer is operated as an entity separate from the Receivables Seller, the Depositor and the Servicer.

• The Indenture Trustee shall release to the Issuer all Receivables in the Trust Estate upon the occurrence of the Receivables Sale Termination Date, and shall execute all instruments of assignment, release or conveyance, prepared by the Issuer or the Receivables Seller, and delivered to the Indenture Trustee, as reasonably requested by the Issuer or the Receivables Seller.

More Definitions of Receivables Seller

Receivables Seller means any one of any SPC, the Company, or a Subsidiary which is the seller of receivables in a Permitted Receivables Transaction, and "Receivables Sellers" means all of such entities collectively.

Receivables Seller. With respect to each Receivable attributable to a Designated Servicing Agreement (1) OLS, as the entity that sold and contributed to the Depositor, prior to the Effective Date, and as the entity that sells to HLSS, on and after the Effective Date but before the related MSR Transfer Date, and (2) HLSS, as the entity that shall, on and after the Effective Date, and both before and after the related MSR Transfer Date, sell and contribute to the Depositor all Receivables that it either acquires from OLS (before the related MSR Transfer Date) or creates as a result of making Advances (on or after the related MSR Transfer Date), under such Designated Servicing Agreements.

Receivables Seller means OpCo and any direct or indirect subsidiary of OpCo that are from time to time party to a Permitted Receivables Financing.

Receivables Seller means the Company and any Subsidiary of the Company (other than a Receivables Subsidiary) which is a party to a Receivables Document.

Receivables Seller means Power and any direct or indirect subsidiary of Power that are from time to time party to a Permitted Receivables Financing.

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

Receivables Seller has the meaning specified in the definition of “Securitization Transaction”.