Redelivery Purchased Receivable definition

Redelivery Purchased Receivable means a Purchased Receivable, in respect of which the related Financing Contract is a Redelivery Financing Contract.
View Source

Examples of Redelivery Purchased Receivable in a sentence

  • Upon payment of the Redelivery Repurchase Price in respect of any Redelivery Purchased Receivable pursuant to clause 3 (Redelivery Repurchase Price), the Seller shall become the absolute owner of such Redelivery Purchased Receivable.

  • Upon payment of the Redelivery Repurchase Price in respect of any Redelivery Purchased Receivable pursuant to Clause 3 (Redelivery Repurchase Price), the Seller shall become the absolute owner of such Redelivery Purchased Receivable.

  • Redelivery Repurchase Price shall be in full satisfaction and discharge of any rights or remedies which the Issuer or any other party or person may otherwise have had with respect to such Redelivery Purchased Receivable and the Issuer hereby acknowledges that it will have no further or other rights with respect to such Redelivery Purchased Receivable.

  • Contract Early Termination) above, VWFS will deliver to the Issuer a notice specifying the details of the Redelivery Purchased Receivable to be repurchased in the form set out in Schedule 1 (Form of Redelivery Repurchase Notice) hereto (such notice, a "Redelivery Repurchase Notice").

Related to Redelivery Purchased Receivable

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Sold Receivable means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c) hereof.