Removed Receivables definition

Removed Receivables means any Receivable which is purchased or repurchased (i) by the initial Servicer pursuant to the last paragraph of Section 2.08 of the Servicing Agreement, (ii) by the Seller pursuant to the terms of the Purchase Agreement or (iii) by any other Person pursuant to Section 5.8 of the Indenture.

Removed Receivables means any Receivable underlying the Receivables Trust Certificate which is purchased or repurchased by the initial Servicer pursuant to the Servicing Agreement, or by any other Person pursuant to Section 5.8 of the Indenture.

Removed Receivables means any Receivable which is purchased or repurchased (i) by the initial Servicer (or its Affiliate) pursuant to Section 2.02(i) of the Servicing Agreement, (ii) by the initial Servicer pursuant to the last paragraph of Section 2.08 of the Servicing Agreement, (iii) by the Seller pursuant to the terms of the Purchase Agreement, (iv) by the Depositor pursuant to the terms of the Transfer Agreement or (v) by any other Person pursuant to Section 5.8.

Examples of Removed Receivables in a sentence

• Removed Principal Receivables 0.00 Removed Finance Charge Receivables (excluding Interchange) 0.00 Removed Receivables 0.00 A(3).

• Subject to Section 11.1(c), the Trustee shall not in any way be held liable by reason of any insufficiency in any of the Receivables Trust Estate resulting from any loss on any Permitted Investment included therein except for losses attributable to the Trustee’s failure to make payments on such Permitted Investments issued by the Trustee, in its commercial capacity as principal obligor and not as trustee, in accordance with their terms.Section 5.8. Removed Receivables.

• Removed Principal Receivables 0.00 Removed Finance Charge Receivables (excluding Interchange) 0.00 ----------------- Removed Receivables 0.00 A(3).

• Upon any such acquisition, and the remitting of the Release Payment to the Collection Account, the Trustee on behalf of the Noteholders and the Note Insurer shall, without further action, be deemed to have released its security interest in, to and under such Removed Receivables, all monies due or to become due with respect thereto after the aforementioned Remittance Date and all proceeds thereof.

• In the reasonable belief of the Seller, the removal of the Removed Receivables on the Removal Date shall not: (i) cause a Pay Out Event to occur (provided that the Removed Receivables shall be considered to be removed as of the Removal Date for purposes of this subclause (i)); (ii) cause the Trust Interest to be less than the Minimum Trust Interest on such Removal Date; or (iii) result in the failure to make any payment specified in any Series Supplement.

More Definitions of Removed Receivables

Removed Receivables shall have the meaning specified in subsection 2.07(a).

Removed Receivables has the meaning specified in Section 2.7(b)(i).

Removed Receivables is defined in subsection 2.6(a).

Removed Receivables means Receivables released from the Trust Estate in accordance

Removed Receivables means Receivables released from the Trust Estate in accordance with Section 5.8.

Removed Receivables means any Receivable (including the other Related Rights and the related Loan) which is purchased or repurchased (i) by the initial Servicer (or its Affiliate) pursuant to Section 2.02(i) of the Servicing Agreement, (ii) by the initial Servicer pursuant to the last paragraph of Section 2.08 of the Servicing Agreement, (iii) by a Seller pursuant to the terms of the Purchase Agreements (iv) by the Oportun Sponsor/Seller pursuant to the terms of the Representations and Warranties Agreement or (v) by any other Person pursuant to Section 5.8 of the Indenture.

Removed Receivables means any Receivable underlying the Receivables Trust Certificate which is purchased or repurchased by the initial Servicer pursuant to the Servicing Agreement, or by any other Person pursuant to Section 5.8 of the Indenture. 17