Unpurchased Receivable definition

Unpurchased Receivable means any Receivable that is not a Purchased Receivable.
Sample 1Sample 2Sample 3
Unpurchased Receivable means: (a) any Receivable not denominated in an Approved Currency; (b) any Receivable where the debtor is an Affiliate of any Client or the Holding Company or any of its Subsidiaries; (c) any Receivable arising from the conduct of trading activities of a Client other than those undertaken at the date of this Agreement or which LND has approved in writing; (d) any Receivable where British Steel Plc or any Subsidiary of British Steel Plc is the Customer; (e) any Receivable the subject of payment in cash or where payment is made by the Customer in advance of an invoice being issued by the Client; (f) Receivables where the debtor is resident or domiciled in a country which is not a member of the OECD; (g) Receivables where the payment obligation of a Customer is secured by a letter of credit payable upon sight; "US Lockbox Account" means the account held by the Initial Client at MTT and numbered 8700343711; "VAT" means value added tax as provided for in the Value Added Tax Xxx 0000 and legislation (or purported legislation and whether delegated or otherwise) supplemental to that Act or in any primary or secondary legislation promulgated by the European Community or any official body or agency of the European Community, and any tax similar or equivalent to value added tax imposed by any country other than the United Kingdom and any similar or turnover Tax replacing or introduced in addition to any of the same; "Year 2000 Compliant" means complying with the Year 2000 conformity requirements promulgated by the British Standard Institution whose definition is as follows:- Year 2000 conformity shall mean that neither performance nor functionality is affected by dates prior to, during and after Year 2000, and in particular:- Rule 1 no value for current data will cause any interruption in operation; Rule 2 data-based functionality must behave consistently for dates before, during and after Year 2000; Rule 3 in all interfaces and data storage, the century in any date is specified either explicitly or by unambiguous algorithm or interfacing rules; and Rule 4 Year 2000 must be recognised as a leap year.
Sample 1

Examples of Unpurchased Receivable in a sentence

  • The Termination Fee shall be paid to Buyer within twenty (20) days of such early termination, and may be charged to Seller directly or offset from any Residual Purchase Price or Unpurchased Receivable payments owed to Seller at or after the time at which such Termination Fee arises.

  • The Commitment Fee shall be paid to Buyer within ten (10) days of the invoice date and may be offset from any Residual Purchase Price or Unpurchased Receivable payments owed to Seller if the Commitment Fee is not paid when due.

  • In the event that any collections deposited into the Segregated Account relate to an Unpurchased Receivable, Buyer shall remit, or shall cause RCA to remit, all such collections to Seller within the two (2) Business Days immediately following such collection.

  • In the event that any collections deposited into the Segregated Account relate to an Unpurchased Receivable, Buyer shall remit, or shall cause RCA or KBC to remit, all such collections to Seller within the three (3) Business Days immediately following such collection.

  • In the event that any collections deposited into the Segregated Account relate to an Unpurchased Receivable, Buyer shall remit, or shall cause RCA or KBC to remit, all such collections to Seller within the two (2) Business Days immediately following such collection, provided that the Seller has submitted the proper banking information and invoice documentation required by the Buyer.

Related to Unpurchased Receivable

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • 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.

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

  • Liquidated Receivable means a Defaulted Receivable as to which the related Financed Vehicle has been liquidated by the Servicer.

  • 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.

  • 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.

  • Principal Receivable means any Receivable other than a Finance Charge Receivable. In calculating the aggregate amount of Principal Receivables in an Account on any date, the gross amount of Principal Receivables in the Account on that date must be reduced by the aggregate amount of credit balances in the Account on that date.

  • 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:

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

  • Sold Receivable means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c) hereof.

  • Review Receivable has the meaning designated in Section 1.02 of the Asset Representations Review Agreement.

  • Unbilled Receivable means, at any time, any Receivable as to which the invoice or xxxx with respect thereto has not yet been sent to the Obligor thereof.

  • Diluted Receivable means that portion of any Receivable which is either (a) reduced or canceled as a result of a Dilution Factor or (b) subject to any bona fide specific dispute, offset, counterclaim or defense whatsoever.

  • Current Receivable means each Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

  • Purchased Loan means each motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by the Originator from such Dealer and evidenced by a Purchased Loan Contract; provided, however, that the term “Purchased Loan” shall, for purposes of this Agreement, include only those Purchased Loans identified from time to time on Schedule A hereto.

  • 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.

  • Initial Receivable means each Contract related to a Financed Vehicle transferred to the Issuer pursuant to Section 2.1, which, as of the Closing Date, is listed on Schedule A (which Schedule A may be in the form of an electronic file), and all rights and obligations thereunder, except for Initial Receivables that shall have become Purchased Receivables or Sold Receivables.

  • 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 Unbilled Receivable means, at any time, any Unbilled Receivable if (a) the related Originator has recognized the related revenue on its financial books and records under GAAP, and (b) not more than thirty (30) days have expired since the date such Unbilled Receivable arose.

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

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

  • Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).

  • Transferred Receivables means any Receivables that have been sold, contributed or otherwise transferred to an Eligible Transferee in connection with a Permitted Supply Chain Financing that is permitted under the Credit Agreement.

  • 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.

  • 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).

  • Scheduled Receivables Payment means, with respect to any Collection Period for any Receivable, the amount set forth in such Receivable as required to be paid by the Obligor in such Collection Period. If after the Closing Date, the Obligor’s obligation under a Receivable with respect to a Collection Period has been modified so as to differ from the amount specified in such Receivable as a result of (i) the order of a court in an insolvency proceeding involving the Obligor, (ii) pursuant to the Servicemembers Civil Relief Act or (iii) modifications or extensions of the Receivable permitted by Section 4.2(b), the Scheduled Receivables Payment with respect to such Collection Period shall refer to the Obligor’s payment obligation with respect to such Collection Period as so modified.