Related Contract Rights definition

Related Contract Rights means in relation to any Receivable, to the extent not prohibited by the relevant Contract (which prohibition is not superseded under applicable law), any rights of Seller under or relating to the Contract to the extent necessary to enforce collection of the Receivable, subject to any encumbrances on such Related Contract Right created or suffered to exist by Seller or its Affiliates or other contractual restrictions applicable to Seller, provided that such encumbrance or other contractual restrictions do not materially impair the Buyers’ ability to receive or collect full payment of such Receivable.
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Related Contract Rights means, in relation to any Receivable, any rights of Originator under or relating to the Contract to the extent necessary to enforce collection of the Receivable.
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Related Contract Rights means in relation to any Receivable, to the extent not prohibited by the relevant Contract (which prohibition is not superseded under applicable law), any rights under or relating to the Contract to the extent necessary to enforce collection of the Receivable.
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Examples of Related Contract Rights in a sentence

  • Except where the context otherwise requires: all references to an Eligible Receivable shall include the proceeds thereof and its Related Contract Rights (if any).

  • It will, at its expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Purchased Receivables, and timely and fully comply in all material respects with the relevant Seller Credit and Collection Procedures in regard to each Purchased Receivable and the Related Contract Rights.


More Definitions of Related Contract Rights

Related Contract Rights means, in relation to a Receivable, any rights (including without limitation, rights of retention of title) under or relating to the Contract to which such Receivable relates;
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Related Contract Rights means in relation to any Receivable, to the extent not prohibited by the relevant Contract (which prohibition is not superseded under applicable law), any rights of Seller under or relating to the Contract to the extent necessary to enforce collection of the Receivable, subject to any encumbrances on such Related Contract Right created or suffered to exist by Seller or its Affiliates or other contractual restrictions applicable to Seller, provided that such encumbrance or other contractual restrictions do not materially impair the Buyers’ ability to receive or collect full payment of such Receivable. “Related Obligor” means, with respect to any Obligor in any Eligible Obligor Group, any other Obligor that is part of the same Eligible Obligor Group (including the applicable Eligible Obligor Parent). “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, sub-agents, trustees and advisors of such Person and of such Person’s Affiliates. “Related Rights” means, with respect to any Receivable, to the extent not prohibited by the relevant Contract (which prohibition is not superseded under applicable law), subject to any encumbrances on such Related Rights created or suffered to exist by Seller or its Affiliates or other contractual restrictions applicable to Seller, provided that such encumbrance or other contractual restrictions do not materially impair the Buyers’ ability to receive or collect full payment of such Receivable: (a) all security interests or liens and property subject thereto from time to time held by or for the benefit of Seller purporting to secure payment of such Receivable, whether pursuant to the Contract related to such Receivable or otherwise; and (b) all guarantees, insurance (but only to the extent such insurance relates solely to Receivables that are of the type that will be sold hereunder) and other agreements or arrangements of whatever character from time to time held by or for the benefit of Seller supporting or securing payment of such Receivable, whether pursuant to the Contract related to such Receivable or otherwise. “Repurchase Date” has the meaning set forth in the Master Repurchase Agreement. “Repurchase Price” has the meaning set forth in the Master Repurchase Agreement. “Required Buyers” means, as of any date of determination, at least two non-Defaulting Buyers (or all non-Defaulting Buyers if there is only one such Buyer), representing more th...
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Related to Related Contract Rights

  • Receivables Records means (i) all original copies of all documents, instruments or other writings or electronic records or other Records evidencing the Receivables, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including, without limitation, all tapes, cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Receivables, whether in the possession or under the control of Grantor or any computer bureau or agent from time to time acting for Grantor or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications thereto, notices to other creditors or secured parties, and certificates, acknowledgments, or other writings, including, without limitation, lien search reports, from filing or other registration officers, (iv) all credit information, reports and memoranda relating thereto and (v) all other written or nonwritten forms of information related in any way to the foregoing or any Receivable.

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Assigned Contract has the meaning set forth in Section 1.5(a).

  • Assigned Agreements means all agreements and contracts to which such Grantor is a party as of the date hereof, or to which such Grantor becomes a party after the date hereof, including, without limitation, each Material Contract, as each such agreement may be amended, supplemented or otherwise modified from time to time.

  • Subject Receivables has the meaning assigned to such term in the Asset Representations Review Agreement.

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Payment intangible means a general intangible under which the account debtor's principal obligation is a monetary obligation.

  • Payment Intangibles “Proceeds”; “ Records”; “Securities Account”; “Securities Intermediary”; “Security Entitlement”; “Supporting Obligations”; and “Tangible Chattel Paper.”

  • General Intangibles is all “general intangibles” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation, all Intellectual Property, claims, income and other tax refunds, security and other deposits, payment intangibles, contract rights, options to purchase or sell real or personal property, rights in all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including without limitation key man, property damage, and business interruption insurance), payments of insurance and rights to payment of any kind.

  • Direct Rights means the rights referred to in Clause 2.1 (Direct Rights - Creation);

  • Customer Contracts has the meaning set forth in Section 2.1(b)(ii)(A).

  • Eligible Receivables means Receivables arising in the ordinary course of Borrower's business from the sale of goods or rendition of services, which Silicon, in its sole judgment, shall deem eligible for borrowing, based on such considerations as Silicon may from time to time deem appropriate. Without limiting the fact that the determination of which Receivables are eligible for borrowing is a matter of Silicon's discretion, the following (the "Minimum Eligibility Requirements") are the minimum requirements for a Receivable to be an Eligible Receivable: (i) the Receivable must not be outstanding for more than 90 days from its invoice date, (ii) the Receivable must not represent progress billings, or be due under a fulfillment or requirements contract witx xxx Xxcount Debtor, (iii) the Receivable must not be subject to any contingencies (including Receivables arising from sales on consignment, guaranteed sale or other terms pursuant to which payment by the Account Debtor may be conditional), (iv) the Receivable must not be owing from an Account Debtor with whom Borrower has any dispute (whether or not relating to the particular Receivable), (v) the Receivable must not be owing from an Affiliate of Borrower, (vi) the Receivable must not be owing from an Account Debtor which is subject to any insolvency or bankruptcy proceeding, or whose financial condition is not acceptable to Silicon, or which, fails or goes out of a material portion of its business, (vii) the Receivable must not be owing from the United States or any department, agency or instrumentality thereof (unless there has been compliance, to Silicon's satisfaction, with the United States Assignment of Claims Act), (viii) the Receivable must not be owing from an Account Debtor located outside the United States or Canada (unless pre-approved by Silicon in its discretion in writing, or backed by a letter of credit satisfactory to Silicon, or FCIA insured satisfactory to Silicon), (ix) the Receivable must not be owing from an Account Debtor to whom Borrower is or may be liable for goods purchased from such Account Debtor or otherwise. Receivables owing from one Account Debtor will not be deemed Eligible Receivables to the extent they exceed 25% of the total Receivables outstanding. In addition, if more than 50% of the Receivables owing from an Account Debtor are outstanding more than 90 days from their invoice date (without regard to unapplied credits) or are otherwise not eligible Receivables, then all Receivables owing from that Account Debtor will be deemed ineligible for borrowing. Silicon may, from time to time, in its discretion, revise the Minimum Eligibility Requirements, upon written notice to Borrower.

  • Liquidated Contract means any defaulted Contract as to which the Servicer has determined that all amounts which it expects to recover from or on account of such Contract have been recovered; provided that any defaulted Contract in respect of which the related Manufactured Home and, in the case of Land-and-Home Contracts, Mortgaged Property, have been realized upon and disposed of and the proceeds of such disposition have been received shall be deemed to be a Liquidated Contract.