Purchased Portfolio definition

Purchased Portfolio means the aggregate of all Portfolio Pools.
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Purchased Portfolio means accounts that become Accounts of Client as a result of purchasing such accounts from an Acquirer or Card Issuer.
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Purchased Portfolio has the meaning specified in the definition of Closing Schedule.
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Examples of Purchased Portfolio in a sentence

  • In addition, the Seller shall not carry any Revolving Purchaser's Purchased Portfolio Assets sold to the Revolving Purchaser on its accounting records, and the Seller agrees that all such Revolving Purchaser's Purchased Portfolio Assets have been and will be, as contemplated by the terms of this Agreement, transferred and sold to the Revolving Purchaser and carried on the Revolving Purchaser's accounting records.

  • There shall not have occurred, and no Person (including any trustee in bankruptcy of any Person) shall have asserted, any dispute, offset, counterclaim, defense or Adverse Claim whatsoever in respect of all or any portion of the Purchased Portfolio Assets to be acquired by the Purchaser on such date.

  • In connection with the sale and conveyance of Purchased Portfolio Assets pursuant to this Agreement, the Distributor shall indicate on its books and records that all such Purchased Portfolio Assets have been sold or conveyed to the Purchaser.

  • The Seller hereby irrevocably authorizes and empowers the Initial Purchaser to demand, xxx for, collect and receive payment of any funds due with respect to the Purchased Portfolio Assets in the name of the Seller, if required in the judgment of the Initial Purchaser.

  • In connection with -------------------------------- each sale and conveyance of Revolving Purchaser's Purchased Portfolio Assets relating thereto pursuant hereto, the Seller shall indicate on its books and records that all such Revolving Purchaser's Purchased Portfolio Assets relating thereto have been sold or conveyed to the Revolving Purchaser.

  • The Program Servicer Agent is required to take such actions as may be necessary or advisable to collect Purchased Portfolio Assets, but is not authorized to extend, modify or amend any Purchased Portfolio Assets without the prior consent of the Program Administrator and the Purchaser.

  • The Program Servicer Agent has no right to receive payments on account of Purchased Portfolio Assets for its own account.

  • The Revolving --------------------------------------- Purchaser shall be entitled to take all actions it considers reasonable to collect from the respective Companies and Funds all payments in respect of the Revolving Purchaser's Purchased Portfolio Assets as and when the same shall become due.

  • For valuable consideration, the ----------------- receipt and sufficiency of which are hereby acknowledged, and to induce the Initial Purchaser to purchase the Purchased Portfolio Assets hereunder, the Seller hereby grants to the Initial Purchaser, in order to secure the Initial Purchaser's rights under this Agreement, a security interest in any remaining right, title and interest in and to the Purchased Portfolio Assets that remain property of the Seller's estate, notwithstanding this Agreement.

  • The Seller hereby irrevocably authorizes and empowers the Revolving Purchaser to demand, xxx for, collect and receive payment of any funds due with respect to the Revolving Purchaser's Purchased Portfolio Assets in the name of the Seller, if required in the judgment of the Revolving Purchaser.

Related to Purchased Portfolio

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Selling Portfolio has the meaning specified in Section 2.10;

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • 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.

  • Purchased Property As defined in Section 2.01(a) of the Pooling Agreement.

  • 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).

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans together with the Repurchase Assets related to such Mortgage Loans transferred by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • Purchased Student Loan means a Financed Student Loan purchased as of the close of business on the last day of a Monthly Collection Period or Collection Period, as applicable, by the Servicer pursuant to Section 3.05 of the Servicing Agreement or repurchased by the Seller pursuant to Section 3.02 of the Loan Sale Agreement.

  • Proposed Portfolio The portfolio of Collateral Obligations and Eligible Investments resulting from the proposed purchase, sale, maturity or other disposition of a Collateral Obligation or a proposed reinvestment in an additional Collateral Obligation, as the case may be.

  • Purchasing Portfolio has the meaning specified in Section 2.10;

  • Repurchased Loan has the meaning set forth in Section 2.3(a).

  • 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.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • 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.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Current Portfolio At any time, the portfolio of Collateral Obligations and Cash and Eligible Investments representing Principal Proceeds (determined in accordance with Section 1.3 to the extent applicable), then held by the Issuer.

  • Repurchase Assets has the meaning assigned thereto in Section 8 hereof.

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Reference Portfolio means, the notional portfolio made up of each Reference Asset, as described in this Information Statement under “Reference Portfolio”.

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

  • Purchased Asset Documents means, with respect to a Purchased Asset, the documents comprising the Purchased Asset File for such Purchased Asset.

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Servicing Portfolio means, as to any Person, the unpaid principal balance of Mortgage Loans serviced by that Person under Servicing Contracts, minus the principal balance of all Mortgage Loans that are serviced by that Person for others under subservicing arrangements.

  • Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City to the Quotation Agent on the third Business Day immediately preceding the Tax Event Redemption Date for the purchase of the Treasury Portfolio for settlement on the Tax Event Redemption Date.