Initial Receivable definition

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.

Initial Receivable means any device payment plan agreement acquired by the Issuer on the Closing Date and listed on the Schedule of Receivables delivered on the Closing Date.

Initial Receivable means any Contract included in the Schedule of Receivables delivered by CNHCA to CNHCR on the Closing Date or the Schedule of Receivables delivered by the Servicer to the Trustee on the Closing Date.

Examples of Initial Receivable in a sentence

• The Custodian hereby acknowledges receipt of the Receivable File for each Initial Receivable listed on the Schedule of Initial Receivables.

• The Trustee has reviewed such Receivable Files and has determined that it has received a file for each Initial Receivable identified in Schedule A to this Agreement.

• Such representations and warranties speak as of the execution and delivery of this Agreement in the case of the Initial Receivable and as of the applicable Subsequent Transfer Date in the case of the Subsequent Receivables, except in each case to the extent otherwise provided in the following representations and warranties, but shall survive the sale, transfer and assignment of the Receivables to the Trust and the pledge thereof to the Indenture Trustee pursuant to the Indenture.

• The Custodian has reviewed such Receivable Files and has determined that it has received a file for each Initial Receivable identified in Schedule A to this Agreement.

• As of the Initial Cutoff Date, no Financed Vehicle securing any Initial Receivable is in repossession status.

More Definitions of Initial Receivable

Initial Receivable means any Contract included in the schedule delivered by the Servicer to the Trustee on the Closing Date (which schedule may be in the form of microfiche).

Initial Receivable means each motor vehicle retail installment sale contract described in the Schedule of Initial Receivables, and all rights and obligations thereunder and any amendments, modifications or supplements to such motor vehicle retail installment sale contract.

Initial Receivable means any Contract listed on Schedule A (which Schedule may be in the form of microfiche).

Initial Receivable means any Standard Receivable or Final Payment Receivable conveyed by the Seller to the Trust on the Closing Date, as described in the Schedule of Initial Receivables.

Initial Receivable means each Receivable listed on Schedule I hereto, each of which was contributed to the Depositor by the Contributor and then transferred from the Depositor to the Issuer and a security interest in which was simultaneously granted by the Issuer to the Indenture Trustee on the Closing Date.

Initial Receivable means each retail installment sale contract for a Financed Vehicle which, as of the Closing Date, is listed on Schedule A (which Schedule A may be in the form of microfiche) and all rights and obligations thereunder except for Initial Receivables that shall have become Purchased Receivables.

Initial Receivable means each loan or lease Contract, including any Included Component Receivable, which is identified in the initial Schedule of Receivables delivered to the Owner Trustee and the Indenture Trustee on or prior to the Closing Date pursuant to Section 2.01.