Reconveyed Receivable definition

Reconveyed Receivable means a Receivable for which an Originator has paid the full Unpaid Balance pursuant to the Purchase Agreement.

Reconveyed Receivable means a Receivable (a) acquired by the Servicer under Section 2.7 of the Transfer and Servicing Agreement, Section 3.3 of the Transfer and Servicing Agreement or Section 3.4 or Section 3.5 of any Additional Transferor Receivables Transfer Agreement, (b) acquired by the Marketing Agent under Section 4.3(i) of the Transfer and Servicing Agreement or (c) reacquired by an Originator under Section 3.4 or Section 4.6 of the Originator Receivables Transfer Agreement.

Reconveyed Receivable shall have the meaning specified in Section 2.04.

Examples of Reconveyed Receivable in a sentence

• After the transfer and absolute assignment, the Servicer will xxxx its receivables systems to indicate that the Reconveyed Receivable is no longer a Receivable and may take any action necessary or advisable to transfer and absolutely assign the Reconveyed Receivable, free from any Lien of the Depositor, the Trust or the Master Collateral Agent.

• For any acquisition of a Receivable by the Servicer under this Section 3.4, the Trust will be deemed to have transferred and absolutely assigned to the Servicer, effective as of the Reconveyance Date, all of the Trust’s right, title and interest in such Receivable and all security and documents relating to such Receivable, and the Servicer will be entitled to all collections on or proceeds of the Reconveyed Receivable on and after the related Reconveyance Cutoff Date.

• After the transfer and assignment, the Servicer will xxxx its receivables systems to indicate that the Reconveyed Receivable is no longer a Receivable and may take any action necessary or advisable to transfer the Receivable free from any Lien of the Trust or the Master Collateral Agent.

• For any reacquisition of a Receivable by an Originator under this Section 3.4, the Trust will be deemed to have transferred and absolutely assigned to such Originator, effective as of the Reconveyance Date, all of the Trust’s right, title and interest in such Receivable and all security and documents relating to such Receivable, and such Originator will be entitled to all collections on or proceeds of the Reconveyed Receivable on and after the related Reconveyance Cutoff Date.

• On and after the related Acquisition Date, until a Receivable has been paid in full, becomes a Reconveyed Receivable, a Transferred Receivable or is acquired or sold to a third party under Section 3.4, the Servicer will xxxx its receivables systems to indicate clearly that the Receivable is owned by the Trust and has been pledged to the Master Collateral Agent under the Master Collateral Agreement.

More Definitions of Reconveyed Receivable

Reconveyed Receivable. Any Receivable transferred by an Originator to Borrower under the Receivables Sale Agreement, that (a) subsequent to such transfer (i) becomes subject to any event described in Section 1.4 of the Receivables Sale Agreement and (ii) the full Outstanding Balance thereof is received by Borrower as a Purchase Price Credit (as defined in the Receivables Sale Agreement) or in cash from such Originator as provided for in the Receivables Sale Agreement, and (b) following the satisfaction of the conditions described in clause (a) of this definition, is identified in the Monthly Report next following such event and payment as a Reconveyed Receivable.

Reconveyed Receivable has the meaning ascribed to it in each of the Receivables Purchase Agreements.

Reconveyed Receivable has the meaning assigned to such term in Section 3.4(d).

Reconveyed Receivable has the meaning specified in Section 3.4.

Reconveyed Receivable means a Receivable for which the Originator has paid the full Unpaid Balance pursuant to the Purchase Agreement. “Regulation D” means Regulation D of the Federal Reserve Board, or any other regulation of the Federal Reserve Board that prescribes reserve

Reconveyed Receivable shall have the meaning specified in Section 6.1(a)(i) of the Purchase Agreement.

Reconveyed Receivable means any Receivable that is repurchased, distributed and/or reassigned to a Borrower and released from any Lien arising under the applicable Permitted Receivables Financing, unless and until such Receivable is subsequently sold, transferred, assigned, contributed or otherwise transferred to a Special Purpose Receivables Subsidiary in connection with a Permitted Receivables Financing.