Reconveyed Receivable definition

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

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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 ▇▇▇▇ 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.
For any acquisition of a Receivable by the Servicer under this Section 3.3, the Trust will be deemed to have transferred and assigned to the Servicer, effective as of the Reconveyance Date, all of the Trust’s right, title and interest in the Receivable and all security and documents relating to the 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 ▇▇▇▇ 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.
After the transfer and assignment, the Servicer will ▇▇▇▇ 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 Reconveyed Receivable free from any Lien of the Trust or the Master Collateral Agent.

More Definitions of Reconveyed Receivable

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

Reconveyed Receivable has the meaning specified in Section 3.4.

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

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

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