Receivables Trustee definition

Receivables Trustee means NewDay Funding Receivables Trustee Ltd, in its capacity as trustee of the Receivables Trust pursuant to the terms of the Receivables Trust Deed and Servicing Agreement, and its permitted successors and any person appointed as a successor trustee, co-trustee or separate trustee of the Receivables Trust in accordance with the provisions of the Receivables Trust Deed and Servicing Agreement or by operation of law;

Receivables Trustee means The Bank of New York (Delaware), in its capacity as trustee under the Receivables Trust Agreement.

Receivables Trustee means LaSalle National Bank, a national banking association, in its capacity as trustee under the Pooling Agreement (as defined in the Receivables Purchase Agreement), and its successor and assigns.

Examples of Receivables Trustee in a sentence

• No Principal Receivables or Finance Charge Receivables relating to such Principal Receivables arising in relation to a previously Designated Account which has ceased to be a Designated Account, will be transferred to the Receivables Trustee.

• In the event that the Receivables Trustee does not have enough cash available to purchase a Receivable that arises on a Designated Account on any day, such shortfall may be met by an increase of the Transferor Beneficiary's interest in the Delamare Cards Receivables Trust.

• Discount Option Receivables:The Transferor may, by giving not less than 30 days' notice to the Servicer, the Receivables Trustee and the Rating Agencies, nominate a fixed or variable percentage of Principal Receivables in the Designated Accounts as the Discount Percentage.

• From the date and for the length of time stated in the notice: (i) the amount payable by the Receivables Trustee to accept an offer of Receivables will be reduced by the Discount Percentage and (ii) a percentage of the Principal Receivables equal to the Discount Percentage will be treated by the Receivables Trustee as Finance Charge Receivables.

• Consideration: The consideration payable by the Receivables Trustee for the Receivables and any Acquired Interchange is an amount equal to the outstanding face amount of the Principal Receivables.

More Definitions of Receivables Trustee

Receivables Trustee means (i) prior to the FCMT termination date, ------------------- the Trustee, and (ii) after the FCMT termination date, the Indenture Trustee.

Receivables Trustee means South Gyle Receivables Trustee Limited in its capacity as trustee of the Receivables Trust pursuant to the terms of the Receivables Trust Deed and Trust Cash Management Agreement and its permitted successors and any Person appointed as a successor trustee, co- trustee or separate trustee of the Receivables Trust in accordance with the provisions of the Receivables Trust Deed and Trust Cash Management Agreement or by operation of law;

Receivables Trustee means the trustee on behalf of the holders of interests in the receivables and related assets sold pursuant to a Qualified Receivables Transaction.

Receivables Trustee means Delamare Cards Receivables Trustee Limited; Receiver means any receiver, manager or administrative receiver appointed in respect of the Issuer by the Note Trustee in accordance with Clause 7 (Provisions Relating to Receiver) of the Note Trust Deed; Receiving Transaction Party means, where one Transaction Party is required by a Document to make payment to another Transaction Party, the Transaction Party which is to receive such payment; Record Date has the meaning given to it in Condition 8 (Payments); Redemption Protection Period means, in the event that an Amortisation Period commences prior to the Scheduled Redemption Date in respect of a Note Series, the period from the date of the commencement of the Amortisation Period to (and including) the relevant Scheduled Redemption Date in respect of the Note Series during which certain deposit arrangements may apply in relation to the Swap Agreement for that Note Series in accordance with the provisions of the Relevant Swap Agreement;

Receivables Trustee means NewDay Funding Receivables Trustee Ltd, in its capacity as trustee of the Receivables Trust pursuant to the terms of the Receivables Trust Deed and Servicing Agreement, and its permitted successors and any person appointed as a successor trustee, co-trustee or separate trustee of the Receivables Trust in accordance with the provisions of the Receivables Trust Deed and Servicing Agreement or by operation of law.

Receivables Trustee. U.S. Trust Company, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee under the Receivables Trusts, and any successor trustees thereunder.

Receivables Trustee means Gracechurch Receivables Trustee Limited;