Examples of Retained Receivable in a sentence
The Custodian hereby acknowledges receipt of the Receivables Files for (i) each Eligible Receivable conveyed to the Seller and (ii) each Retained Receivable on the date hereof.
The Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Retained Receivable or accept in satisfaction of a Retained Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, the Grantor may reduce the amount of Retained Receivables in accordance with its present policies and in the ordinary course of business.
The Custodian hereby acknowledges receipt of the Receivables Files for (i) each Eligible Receivable conveyed to the Depositor and (ii) each Retained Receivable on the date hereof.
The Grantor and the Subordinated Collateral Agent recognize that setoffs, counterclaims, defenses and other claims may be asserted by obligors with respect to certain of the Retained Receivables, that certain of the Retained Receivables may be or become uncollectible in whole or in part and that the expense and probability of success in litigating a disputed Retained Receivable may exceed the amount that reasonably may be expected to be recovered with respect to a Retained Receivable.
Halyard shall promptly reimburse Xxxxxxxx-Xxxxx for any amount by which the amount paid in respect of any Retained Receivable is reduced by any Rebate.