Scottish Receivables definition

Scottish Receivables means all Purchased Receivables which are governed by or otherwise subject to Scottish law (including, without limitation, those arising under Financing Contracts in respect of which the address for invoicing of the relevant Obligor is situated in Scotland) and all rights (other than Excluded Amounts) of the Seller under the Financing Contracts from which those Purchased Receivables are derived including (without limitation) all Ancillary Rights.
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Scottish Receivables means all Purchased Receivables which are governed by or otherwise subject to Scots law (including, without limitation, those arising under Financing Contracts in respect of which the address for invoicing of the relevant Obligor is situated in Scotland) and all rights (other than Excluded Amounts) of the Seller under the Financing Contracts from which those Purchased Receivables are derived including (without limitation) all Ancillary Rights.
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Scottish Receivables means all rights of a Scottish Loan Party (as defined in Section 2.15) to receive payment under any contract governed by Scottish law entered into by that Scottish Loan Party.
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Examples of Scottish Receivables in a sentence

  • There is therefore a risk that the transfer of Purchased Receivables derived from Scottish Financing Contracts ("Scottish Receivables") by the Seller to the Issuer pursuant to an English law Receivables Purchase Agreement may not be considered to be a valid transfer by the Scottish courts.To mitigate this risk, the Seller will declare a trust (the "Scottish Trust") in favour of the Issuer over the Scottish Receivables and the Issuer will be the beneficiary under the Scottish Trust.

  • Following the assignment or, in respect of the Scottish Receivables the holding on trust of the Receivables arising on Designated Accounts to or for the Receivables Trustee, The Royal Bank of Scotland plc and RBS Advanta will continue to have contractual relationships with the Obligors on the terms set out in the Card Agreements and accordingly will continue to be grantors of credit in respect of both Existing Receivables and Future Receivables.

  • Legal title to the Scottish Receivables will remain with Vauxhall Finance plc because no formal assignation thereof duly intimated to the relevant Borrowers will be made unless a Perfection Event shall have occurred.

  • The Sellers will declare a trust (the "Scottish Trust") in favour of the Issuer over Purchased Receivables derived from Financing Contracts governed by the law of Scotland ("Scottish Receivables") and the Issuer will be the beneficiary under the Scottish Trust.

  • If Axxxxxxxx has agreed that a Client can assign Scottish Receivables to Axxxxxxxx then this Clause 11 will apply.

  • A minimum of three and a maximum of five lenders should be selected to come to the US for a three-week period.

  • This Deed and all non-contractual obligations arising out of or in connection with it are governed by and construed in accordance with English law provided that a release of Scottish Receivables from trust shall be construed in accordance with Scots law.

  • There is therefore a risk that the transfer of Purchased Receivables derived from Scottish Financing Contracts ("Scottish Receivables") by FRB London to the Issuer pursuant to an English law Receivables Purchase Agreement may not be considered to be a valid transfer by the Scottish courts.To mitigate this risk, FRB London will declare a trust (the "Scottish Trust") in favour of the Issuer over the Scottish Receivables and the Issuer will be the beneficiary under the Scottish Trust.

  • This Deed and all non-contractual obligations arising out of or in connection with it are governed by and shall be construed in accordance with English law provided that a release of Scottish Receivables from trust and shall be construed in accordance with Scots law.

  • The fixed charge granted by the Issuer in favour of the Security Trustee over the Issuer's interest in the Purchased Receivables includes, among other things, each assignation in security of the Issuer's interest in the Scottish Receivables.

Related to Scottish Receivables

  • 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.

  • Initial Receivables means the Receivables transferred to the Trust on the Closing Date as set forth on the Schedule of Receivables attached to the Initial SSA Assignment.