Series Receivables definition

Series Receivables means, with reference to Series 2010-1, those Receivables identified on the List of Receivables attached hereto as Schedule I, together with any other Receivables identified in any subsequent List of Receivables delivered to the Trustee with respect to any new Receivable being added as a Series Receivable in connection with an Advance Date or in accordance with Section 2.04(s) of the Agreement.
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Series Receivables means those Receivables specified on a List of Receivables in which the Issuer has granted a security interest to the Trustee pursuant to the Supplement for the benefit of, inter alia, the 2010-1 Noteholders.
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Series Receivables means, with reference to Series 1997-1, those Receivables identified on the List of Receivables attached hereto as Schedule I, together with any other Receivables identified in any subsequent List of Receivables delivered to the Trustee with respect to any new Receivable being added as a Series Receivable in accordance with Section 2.06(f) of the Agreement.
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Examples of Series Receivables in a sentence

  • If the aggregate proceeds from the issue of those Notes on the Closing Date exceed the purchase price for the Series Receivables and Related Securities, the amount of such excess will form part of Total Available Principal in respect of the first Determination Date.

  • The statistical information provided in the following tables may not reflect the actual pool of Series Receivables to be acquired by the Issuer from the Disposing Trust on the Closing Date under the Initial Reallocation Notice including because Receivables in the Indicative Receivables Pool may be substituted with other eligible Receivables or additional eligible Receivables may be added.

  • If the Call Option is exercised and the Series Receivables are sold, the Issuer must apply the proceeds received by it in accordance with the Cashflow Allocation Methodology on the relevant Call Option Date on which the Notes are to be redeemed.

  • The Manager must, on each Payment Date, direct the Servicer to reset or cause to be reset, and the Servicer must upon such direction reset or cause to reset, as soon as possible (having regard to the National Consumer Credit Protection Laws), the interest rates on any one or more Series Receivables so that the weighted average interest rate on the Series Receivables is not less than the Threshold Rate.

  • On the Closing Date the Issuer will apply the proceeds of the Notes issued on the Closing Date (other than any Redraw Notes) towards payment of the purchase price for the Series Receivables and Related Securities.

  • In connection with the exercise of the Call Option, the Manager may direct the Issuer to sell its right, title and interest in Series Receivables for an amount sufficient (together with any Collections held by the Issuer on the proposed redemption date) to redeem all outstanding Notes in full and pay all other Secured Creditors in full.

  • See Section 8 (“The AFG Group”) and Section 9 (“Origination and Servicing of the Series Receivables”) for more detail regarding the mortgage lending business of the AFG Group and the origination and servicing of the Series Receivables by AFGS.

  • However, if a Debtor requests a Further Advance and the Servicer wishes to agree to that request, the Manager may direct the Issuer to sell the Series Receivable as described in Section 5.5 (“Sale of Series Receivables by the Issuer”).6 CONDITIONS OF THE NOTES The following is a summary of the terms and conditions of the Notes.

  • However, if a Debtor requests a Further Advance and the Servicer wishes to agree to that request, the Manager may direct the Issuer to sell the Series Receivable as described in Section 5.5 (“Sale of Series Receivables by the Issuer”).

  • The proceeds received by the Issuer from a sale of any Series Receivables as described in this section will form part of Collections available for distribution to the Noteholders and other Secured Creditors in accordance with the Cashflow Allocation Methodology on the Payment Date following the end of the Collection Period in which those proceeds are received.


More Definitions of Series Receivables

Series Receivables means each Receivable listed on the Schedule of Receivables, which (a) has not been released from the Series _____ Trust Estate as provided herein or in the Indenture and (b) is not a Liquidated Receivable.
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Series Receivables. With respect to any Series of Notes, the Receivables acquired from the related Eligible Trust or Trusts and pledged as part of the related Series Collateral to secure such Series of Notes.
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Series Receivables means those Receivables specified on a List of Receivables that have been transferred to the Trust pursuant to any Supplement for the benefit of the Holders of Certificates of the Series designated therein.
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Related to Series Receivables

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • 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.

  • Principal Receivables means all Receivables other than Finance Charge Receivables.

  • Initial Receivables means any Receivable conveyed to the Trust on the Closing Date.

  • Eligible Receivables means and include with respect to each Borrower, each Receivable of such Borrower arising in the Ordinary Course of Business and which Agent, in its sole credit judgment, shall deem to be an Eligible Receivable, based on such considerations as Agent may from time to time deem appropriate. A Receivable shall not be deemed eligible unless such Receivable is subject to Agent’s first priority perfected security interest and no other Lien (other than Permitted Encumbrances), and is evidenced by an invoice or other documentary evidence satisfactory to Agent. In addition, no Receivable shall be an Eligible Receivable if:

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • Subject Receivables has the meaning assigned to such term in the Asset Representations Review Agreement.

  • Receivables Pool means, at any time of determination, all of the then outstanding Receivables transferred (or purported to be transferred) to the Borrower pursuant to the Purchase and Sale Agreement prior to the Termination Date.

  • Review Receivables means those certain Receivables identified by the Servicer to the Asset Representations Reviewer following receipt of a Review Notice as not having been paid in full by the Obligor or purchased from the Issuer in accordance with the terms of the Basic Documents at or prior to the date of such Review Notice.

  • Receivables Records means (i) all original copies of all documents, instruments or other writings or electronic records or other Records evidencing the Receivables, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including, without limitation, all tapes, cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Receivables, whether in the possession or under the control of Grantor or any computer bureau or agent from time to time acting for Grantor or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications thereto, notices to other creditors or secured parties, and certificates, acknowledgments, or other writings, including, without limitation, lien search reports, from filing or other registration officers, (iv) all credit information, reports and memoranda relating thereto and (v) all other written or nonwritten forms of information related in any way to the foregoing or any Receivable.

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Eligible Accounts Receivable means Accounts, Instruments, Documents, Chattel Paper, Contracts, and General Intangibles from customers of Borrowers or any Approved Subsidiary in which Bank has a perfected first priority security interest subject to Bank's credit approvals thereof other than the following: (i) Accounts which remain unpaid ninety (90) days after the date of the applicable invoice; (ii) Accounts with respect to which the Account Debtor is an Affiliate of any of the Borrowers, or a director, officer or employee of any of the Borrowers; (iii) Accounts with respect to which the Account Debtor is the United States of America or any department, agency or instrumentality thereof, unless filings in accordance with the Assignment of Claims Act have been completed and filed in a manner satisfactory to the Agent or, as to any government contract entered into after the date of this Agreement, concurrently with the execution and delivery of that government contract; (iv) Accounts with respect to which the Account Debtor is not a resident of the United States or Canada except if such Accounts (1) are secured by irrevocable trade letter(s) of credit in form and content acceptable to Bank and confirmed by a United States financial institution acceptable to Bank, (2) are secured by standby letters of credit with an expiration of date of at least one hundred twenty (120) days from the date of shipment confirmed by United States Bank acceptable to Bank and otherwise in form and content acceptable to Bank, or (3) are insured by a company acceptable to Bank, which insurance covers business and political risk; (v) Accounts arising with respect to goods which have not been shipped and delivered to and accepted as satisfactory by the Account Debtor or arising with respect to services which have not been fully performed and accepted as satisfactory by the Account Debtor; (vi) Accounts for which the prospect of payment in full or performance in a timely manner by the Account Debtor is or is likely to become impaired as determined by the Bank in its reasonable discretion; (vii) Accounts which are not invoiced (and dated as of the date of such invoice) and sent to the Account Debtor within fifteen (15) days after delivery of the underlying goods to, or performance of the underlying services for, the Account Debtor; (viii) Accounts with respect to which Bank does not have a first and valid fully perfected security interest; (ix) Accounts with respect to which the Account Debtor is the subject of bankruptcy or a similar insolvency proceeding or has made an assignment for the benefit of creditors or whose assets have been conveyed to a receiver or trustee, except if Bank is delivered evidence acceptable to Bank as to the collectability in the normal course of business of such Accounts; (x) Accounts with respect to which the Account Debtor's obligation to pay the Account is conditional upon the Account Debtor's approval or is otherwise subject to any repurchase obligation or return right, as with sales made on a xxxx-and-hold, guaranteed sale, sale-and-return, sale on approval (except with respect to Accounts in connection with which Account Debtors are entitled to return Inventory solely on the basis on the quality of such Inventory) or consignment basis; (xi) Accounts with respect to which the Account Debtor is located in Minnesota unless the applicable Borrower has filed a Notice of Business Activities Report with the Secretary of State of Minnesota for the then current year; (xiv) all Accounts of any Account Debtor if twenty-five percent (25.0%) or more of all Accounts of such Account Debtor have ceased to be Eligible Accounts Receivable; and (xii) Accounts with respect to which the Account Debtors are residents of Canada to the extent the aggregate sum exceeds $750,000.00. The approvals of Account Debtors and Accounts shall be for Bank purposes only and shall not constitute any representation by Bank as to the credit worthiness of any such Account Debtor or the advisability or profitability of doing business with such Account Debtor.

  • Net Receivables Pool Balance means, at any time: (a) the Outstanding Balance of Eligible Receivables then in the Receivables Pool minus (b) the Excess Concentration.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Defaulted Receivables means any Receivable (a) on which any installment is unpaid more than sixty (60) days past its original due date or (b) where the Servicer’s records show that the Obligor has suffered an Insolvency Event.

  • Receivable Interest means, at any time, an undivided percentage ownership interest in (i) all then outstanding Pool Receivables arising prior to the time of the most recent computation or recomputation of such undivided percentage interest pursuant to Section 2.03, (ii) all Related Security with respect to such Pool Receivables, and (iii) all Collections with respect to, and other proceeds of, such Pool Receivables. Such undivided percentage interest shall be computed as

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Receivables Purchase Price means $1,403,509,094.50.

  • 60-Day Delinquent Receivables means, as of any date of determination, all Receivables (other than Repurchased Receivables and Defaulted Receivables) that are sixty (60) or more days delinquent as of such date (or, if such date is not the last day of a Collection Period, as of the last day of the Collection Period immediately preceding such date), as determined in accordance with the Servicer’s Customary Servicing Practices.

  • Ineligible Receivables shall have the meaning specified in subsection 2.05(a).

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • Receivables Purchase Facility means any securitization facility made available to the Borrower or any of its Subsidiaries, pursuant to which receivables of the Borrower or any of its Subsidiaries are transferred to one or more SPCs, and thereafter to certain investors, pursuant to the terms and conditions of the Receivables Purchase Documents.

  • Receivables Reserves mean such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the collectability in the ordinary course of Eligible Accounts Receivables, including, without limitation, reserves for dilution.

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • Amounts receivable by the Trust in a foreign currency shall be reported to the Evaluator who shall convert the same to U.S. dollars based on current exchange rates, in the same manner as provided in Section 4.01(b) or 4.01(c), as applicable, for the conversion of the valuation of foreign Equity Securities, and the Evaluator shall report such conversion with each Evaluation made pursuant to Section 4.01."