Replaced Receivable definition
Examples of Replaced Receivable in a sentence
The Agent’s right, title and interest in any Replaced Receivable shall terminate effective on the S&R Date on which the Supersede-and-Replace related to such Replaced Receivable occurred.
The issuance by Aspen of an S&R Notice shall constitute a representation and warranty by Aspen that each of the statements set forth in Section 3.4(b) in respect of the applicable Superseding Receivable and the applicable Replaced Receivable is true and correct on the date of such S&R Notice and on the applicable S&R Date.
Upon deposit in the Collection Account of the repurchase price as described in Section 6.01 (or upon the Subsequent Transfer Date related to a Substitute Receivable described in Section 6.01), Trust Depositor shall assign to the Sellers all of Trust Depositor's right, title and interest in the repurchased or Replaced Receivable and related Assets, in each case received by release from the Trust in accordance with Section 6.5 of the Sale and Servicing Agreement, without recourse, representation or warranty.
The issuance by Seller of an S&R Notice shall constitute a representation and warranty by Seller that each of the statements set forth in Section 3.4(b) in respect of the applicable Superseding Receivable and the applicable Replaced Receivable is true and correct on the date of such S&R Notice and on the applicable S&R Date.