Receivables System definition

Receivables System means the accounting system administered and utilized by the Servicer, including all accounting data inputs therein, including those relating to the accounting for the Contracts.
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Receivables System. The principal computer system of the Servicer used in the servicing of retail installment sales contracts and direct purchase money loans, including back up archives.
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Receivables System means the principal computer system of the Servicer used in the servicing of retail installment sales contracts and direct purchase money loans, including back up archives. “Regulation AB” Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (January 7, 2005)), in the adopting release (Asset-Backed Securities Disclosure and Registration, Securities Act Release 33-9638, 79 Fed. Reg. 57,184 (September 24, 2014)) and in any adopting release in respect of any amendment with respect to any of the foregoing or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.
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Examples of Receivables System in a sentence

  • Each of the Transferor and the Servicer shall have, on or prior to each Closing Date, indicated in its Receivables System, that such Purchased Property has been sold to the Trust and, upon pledge to the Administrative Agent under the Loan and Security Agreement, pledged to the Administrative Agent.

  • Indication of the Trust’s ownership of and the Administrative Agent’s security interest in a Receivable shall be deleted from or modified on the Receivables System and records of the Transferor, if any, when, and only when, the related Receivable shall have been paid in full or repurchased.

  • The Transferor shall maintain its Receivables System so that, from and after the time of sale of the Receivables under this Agreement, if the computer systems and records (including any backup archives) shall refer to any such Receivable, they shall indicate clearly the ownership interest of the Trust and, upon pledge to the Administrative Agent under the Loan and Security Agreement, the security interest of the Administrative Agent in such Receivable, as applicable.

  • Each of the Seller and the Servicer shall have, on or prior to each Closing Date, indicated in its Receivables System, that such Purchased Property has been sold to the Purchasers pursuant to this Agreement and the related Second Step Receivables Assignment.

  • You acknowledge that we may provide you with the ability to retrieve and download facility related information through the Corporate Receivables System.

  • Neither party shall be liable to the other party for any failure or delay in the performance of its obligations relating to the Corporate Receivables System which is due to force majeure.

  • If the delay or failure to perform obligations due to force majeure exceeds 15 days, either party may terminate your use of the Corporate Receivables System immediately on providing written notice to the other party.

  • You must ensure that you adopt data security measures in relation to your use of the Corporate Receivables System, which are appropriate for the protection of sensitive commercial information including systems and current security software to guard against unauthorised data access, malevolent code (such as viruses), denial of service attacks and data contamination.

  • The Servicer has initiated a review -------------------- and assessment of its internal computer applications in the United States which are necessary for the origination, collection, management or servicing of the Receivables (the "Receivables System") in connection with making a --------------------- determination about whether the Receivables System will be able to perform properly date-sensitive functions for dates before and after January 1, 2000 (that is, be "Year 2000 ---------- Compliant").

  • The Servicer has initiated a review and assessment of all computer applications which are related to or involved in the origination, collection, management or servicing of the Receivables (the "Receivables System") in connection with making a determination about whether such Receivables System will be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 Compliant").