Examples of Receivables Servicing Agreement in a sentence
Applicable law and jurisdiction The Receivables Servicing Agreement will be governed by and construed in accordance with the laws of the Portuguese Republic.
Pursuant to the Receivables Servicing Agreement, the Group subsidiaries handle collection of the trade receivables as part of the Securitization Transaction for the benefit of the Acquiring Company.
Prepare and send to the Issuer, the Transaction Manager, the Common Representative and the Rating Agencies, no later than 2 (two) Business Days following the end of each Collection Period, the Monthly Servicing Report, which shall include all information described in schedule 2 to the Receivables Servicing Agreement.
At any time after the delivery of a Servicer Event Notice the Issuer may deliver a Servicer Termination Notice to the Servicer, the effect of which shall be to terminate the Servicer’s appointment under the Receivables Servicing Agreement (but without affecting any accrued rights and Liabilities under said agreement) on the Servicer Termination Date.
The Servicer, in accordance with its customary servicing procedures and underwriting standards, or those of the Receivables Servicer pursuant to the related Receivables Servicing Agreement, shall require that each Obligor shall have obtained and shall maintain comprehensive and collision insurance covering the related Financed Vehicle as of the execution of the Receivable.