Securitization Receivables definition

Securitization Receivables has the meaning specified in the definition of “Securitization Transaction”.

Securitization Receivables means, as of any date, all right, title and interest in and to the Receivables arising from time to time in the Securitization Accounts and Related Assets with respect thereto.

Securitization Receivables means, as of any date, the collective reference to the Prime Securitization Receivables and the Prime II Securitization Receivables.

Examples of Securitization Receivables in a sentence

• If such costs and expenses are not paid by the Company within 30 days of submission, the Existing Lender may pay such costs and expenses from Available Cash Flow from Securitization Receivables and payments on Pledged Loans, in which event appropriate adjustments shall be made to such Existing Lender's and each Other Residual Lender's Allocable Share of Available Cash Flow from Securitization Receivables as if such costs and expenses were paid by the Company as Operating Expenses.

• If such fees are not paid by the Company within 30 days of submission, the Existing Lenders may pay such fees from Available Cash Flow from Securitization Receivables and payments on Mortgage Loans.

• Sellers and Household Bank agree that the Purchase Price and the amount of the Assumed Liabilities shall be allocated for U.S. federal income tax purposes among the Credit Card Assets in accordance with Section 1060 of the Code and the regulations promulgated thereunder as set forth in Schedule 3.5, which schedule requires that the fair market value of the Account Receivables, Securitization Receivables and NBGL Receivables be determined by an Independent Appraiser in accordance with Section 8.6.

• Neither the Agent nor any Lender shall object to or contest in any manner the receipt of any payment by the Securitization Agent and/or any Secured Party with respect to the Securitization Collateral in accordance with the terms of the Transaction Documents for the satisfaction of the Obligations (as defined in the Securitization Receivables Purchase Agreement).

• Xxxxxxxxxx.xxx will also maintain appropriate safeguards for Customer Data that Xxxxxxxxxx.xxx processes.

More Definitions of Securitization Receivables

Securitization Receivables means all rights of the Company or any Subsidiary to receive payments (including, without limitation, assets classified as residual strips, certificates, or interest only strips on the Company's financial statements) under a Securitization Transaction but excluding rights to receive payments in respect of Servicing Fees.

Securitization Receivables means, as of any date, the Gross Receivables that have been transferred to the Trust and that have not been reassigned to the relevant seller under the Pooling and Servicing Agreement.

Securitization Receivables means any accounts receivable, notes receivable, rights to future lease payments or residuals or other similar rights to payment of such member of the Consolidated Group, any assets related thereto or otherwise customarily sold or pledged in securitization transactions and all proceeds of the foregoing.

Securitization Receivables means, as of any date, the undivided interest in the Gross Receivables that have been transferred to the Trust and that have not been reassigned to NCI as the seller under the Receivables Purchase Agreement.

Securitization Receivables means, initially, all receivables of the U.S. Borrower and its Subsidiaries (the "ORIGINATOR") of the type described on Schedule IV hereto. For the avoidance of doubt, Securitization Receivables shall include amounts owing to the Originator in respect of products sold and/or services rendered by the Originator, in all cases regardless of whether such receivables are characterized as accounts receivable, general intangibles or otherwise, and shall include certain related rights described in the documentation approved by the Administrative Agent in connection with the Asset Securitization."

Securitization Receivables shall have the meaning assigned to such term in the Security Agreement.

Securitization Receivables has the meaning set forth in the definition of the term “Securitization Transaction”. “Securitization Subsidiary” means any Subsidiary that is a special purpose entity formed for the purpose of engaging in activities in connection with Securitization Transactions, provided that such Subsidiary (a) does not own any significant assets other than Securitization Receivables, Capital Securities in any other Securitization Subsidiary, assets relating to its existence and other assets ancillary to any of the foregoing and (b) conducts no business activities other than in connection with Securitization Transactions and activities incidental thereto; provided further that a Securitization Subsidiary may not be designated as a Borrowing Subsidiary. “Securitization Transaction” means any transfer by the Company or any Subsidiary of accounts receivable or interests therein (collectively, the “Securitization Receivables”) (a) to a trust, partnership, corporation or other entity, which transfer is funded in whole or in part, directly or indirectly, by the incurrence or issuance by the transferee or any successor transferee of Indebtedness, fractional undivided interests or securities that are to receive payments from, or that represent interests in, the cash flow derived from such accounts receivable or interests, or (b) directly, or indirectly through a special purpose vehicle, to one or more investors or other purchasers. The amount of any Securitization Transaction shall be deemed at any time to be the aggregate principal or stated amount of the Indebtedness, fractional undivided interests or other securities referred to in the preceding sentence or, if there shall be no such principal or stated amount, the uncollected amount of the accounts receivable or interests therein transferred pursuant to such Securitization Transaction net of any such accounts receivable or interests therein that have been written off as uncollectible and/or any discount (but not in excess of the discount that would be usual and customary for securitization transactions of this type in light of the then prevailing market conditions) in the purchase price therefor. For purposes of Section 6.02 only, a Securitization Transaction shall be deemed to be secured by a Lien on the accounts receivable or interests therein that are subject thereto, and such accounts receivable and interests shall be deemed to be assets of the Company and the Subsidiaries. “Senior Officer” means, with respect to any Lo...