Terminated Receivable definition

Terminated Receivable means any Purchased Receivable where:
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Terminated Receivable means the Receivable that is refinanced in connection with a Renewal.
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Terminated Receivable means the Receivable that is refinanced in connection with a Renewal. “Terminated Receivable Price” shall mean, with respect to any Receivable that becomes a Terminated Receivable, the excess of (a) all amounts owing on such Receivable (including all amounts of principal, interest and fees on the day that such Receivable becomes a Terminated Receivable), minus (b) all amounts received from the proceeds of the Renewal Receivable that are applied by the Servicer in accordance with the Collection Policy to satisfy any amounts of interest and fees owing on such Receivable, minus (c) all amounts of insurance refunds applied by the Servicer in accordance with the Collection Policy to satisfy any portion of principal owing on the Receivable, in each case (with respect to clauses (b) and (c)) that are also applied in connection with such Terminated Receivable as Collections by the Servicer under the Basic Documents on the day such Receivable becomes a Terminated Receivable. “Test Data File” means a test data file, which shall include the loan master file, the transaction history file and all other files necessary to carry out the servicing obligations hereunder.
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Examples of Terminated Receivable in a sentence

  • Immediately following the exercise of the Receivables Call Option by the Seller and payment of the Initial Optional Repurchase Payment, the Issuer's interests in the Defaulted Receivable, Returned PCP Receivable or Voluntarily Terminated Receivable (as applicable) will pass to the Seller.

  • However, the observed improvements over POP are very limited due to the lack of weights applied in NCM.

  • If the Receivables Call Option is exercised, the Seller is required to repurchase the relevant Defaulted Receivable, Returned PCP Receivable or Voluntarily Terminated Receivable on or prior to the end of the Calculation Period immediately following the Calculation Period in which such Receivables Call Option is exercised.

  • If the Receivables Call Option is exercised, the Seller is required to repurchase the relevant Defaulted Receivable, Returned PCP Receivable or Voluntarily Terminated Receivable on or prior to the end of the Calculation Period immediately after the Calculation Period in which such Receivables Call Option is exercised.

  • Immediately following the exercise of the Receivables Call Option by the Seller and payment of the Initial Optional Repurchase Payment, the Issuer's interest in any Defaulted Receivable, Returned PCP Receivable or Voluntarily Terminated Receivable (as applicable) will pass to the Seller.


More Definitions of Terminated Receivable

Terminated Receivable means any Receivable which, in accordance with the --------------------- Contract related thereto, has been terminated, whether upon its maturity date, as a result of becoming an Under Collateralized Receivable, or otherwise.
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Terminated Receivable means a Receivable which is terminated in accordance with its terms. Amendments to ReceivablesThe Servicer will covenant in the Servicing Agreement that it shall not agree to an amendment, variation or waiver of any term under a Receivable, other than a Permitted Amendment or a variation made while enforcement proceedings are being taken in respect of the relevant Receivable.To the extent that the Servicer agrees to a Material Amendment to a Receivable which is not a Permitted Amendment, the Seller will be required to repurchase such Receivable or require the Issuer to accept in consideration for the repurchase payment, the purchase and assignment of Substitute Receivables (in the manner described above and the section titled Overview of the Transaction – The Portfolio, Portfolio Purchase and Servicing"). Servicing FeeThe Servicer will, on each Interest Payment Date, receive a servicing fee quarterly in arrears from the Issuer. The servicing fee may be subject to value added tax. If any value added tax is payable in respect of the servicing fee, the Servicing Agreement provides that any such value added tax will not form an additional cost to the Issuer.Representations and WarrantiesThe Servicer will make certain representations and warranties to the Issuer in accordance with the terms of the Servicing Agreement relating to itself and its entering into the relevant Transaction Documents to which it is a party.Covenants of the ServicerThe Servicer will be required to make positive and negative covenants in favour of the Issuer in accordance with the terms of the Servicing Agreement relating to itself and its entering into the relevant Transaction Documents to which it is a party.Servicer TerminationThe following events will each be a "Servicer Termination Event" under the Servicing Agreement, the occurrence of which will entitle the Issuer or (following delivery of an Enforcement Notice) the Trustee to serve a notice on the Servicer (a "Servicer Notice") immediately or at any time after the occurrence of such a Servicer Termination Event:
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Related to Terminated Receivable

  • Excluded Receivable means all indebtedness and other obligations owed to Originator or in which Originator has a security interest or other interest (including, without limitation, any indebtedness, obligation or interest constituting an account, chattel paper, instrument or general intangible) arising in connection with the sale of merchandise or the rendering of services by Originator and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto:

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Defaulted Receivable means a Receivable:

  • Delinquent Receivable means any Receivable that is not a Liquidated Receivable and which the related Obligor fails to make at least 90% of the related Scheduled Receivables Payment by the date on which it is due and remains unpaid for more than sixty (60) days from the original payment due date.

  • 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.

  • Receivable any right to payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including, without limitation, any Account).