Warranty Receivable definition

Warranty Receivable means a Receivable which the Seller is required to repurchase pursuant to Section 3.02.

Warranty Receivable means a Receivable purchased by the Seller pursuant to Section 2.03(c).

Warranty Receivable. A Receivable that the Warranty Purchaser has become obligated to repurchase pursuant to Section 2.04 of the Trust Sale Agreement.

Examples of Warranty Receivable in a sentence

• If the Servicer shall commence a legal proceeding to enforce a Receivable, the Issuer (in the case of a Receivable other than an Administrative Receivable or a Warranty Receivable) shall thereupon be deemed to have automatically assigned, solely for the purpose of collection, such Receivable to the Servicer.

• It is understood and agreed that the obligation of the Seller to repurchase or substitute any Warranty Receivable as to which a breach has occurred and is continuing shall, if such obligation is fulfilled, constitute the sole remedy against the Seller for such breach available to Ally Auto or any Interested Party.

• It is understood and agreed that the obligation of the Seller to repurchase any Warranty Receivable as to which a breach has occurred and is continuing shall, if such obligation is fulfilled, constitute the sole remedy against the Seller for such breach available to Ally Auto or any Interested Party.

• Upon (i) the repurchase of a Warranty Receivable by NFC pursuant to the Purchase Agreement, (ii) purchase of a Warranty Receivable by NFRRC pursuant to the Pooling Agreement or (iii) purchase of an Administrative Receivable by the Servicer pursuant to Section 2.08(a) of this Agreement, the Servicer shall deliver the related Receivable File to or at the direction of the purchaser.

• Upon the assignment of such Warranty Receivable and Related Titling Trust Assets, Harco Leasing shall own such Warranty Receivable and all such Related Titling Trust Assets, free of any further obligations to NFC with respect thereto.

More Definitions of Warranty Receivable

Warranty Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Seller pursuant to Section 3.02.

Warranty Receivable means a Receivable which the RPA Seller is required to repurchase pursuant to Section 2.03(c) of the Receivables Purchase Agreement or Section 2.04 of the Sale and Servicing Agreement.

Warranty Receivable. A Receivable which the Warranty Purchaser has become obligated to repurchase pursuant to Section 2.06 of the Pooling Agreement or Section 5.04 of the Purchase Agreement.

Warranty Receivable. With respect to any Collection Period, a Receivable which the Seller has become obligated to repurchase pursuant to Section 3.2.

Warranty Receivable. With respect to any Monthly Period, a Receivable which AFL has become obligated to repurchase pursuant to Section 2.6.

Warranty Receivable means a Receivable which the Seller is required to repurchase pursuant to Section 2.05.

Warranty Receivable means a Receivable which the Transferor has repurchased pursuant to Section 7.2 of the Master Transfer Agreement or the Seller has repurchased pursuant to Section 7.2 of the Master Sale Agreement (Warehouse).