Examples of Subject Receivable in a sentence
Such Originator has complied in all material respects with its Credit and Collection Policy in regard to each Subject Receivable sold by it hereunder and the related Contracts.
Other than any Subject Receivable not included in the Borrowing Base, each Subject Receivable sold, transferred or assigned hereunder by any Originator to the Buyer is an Eligible Non-Residential Account or an Eligible Residential Account (each as defined in the ABL Credit Agreement) on the applicable Sale Date.
Each Subject Receivable was not selected by such Originator using any materially adverse selection procedures that identified such Subject Receivables as being materially less desirable or valuable than other Receivables originated by such Originator.
Except as otherwise provided herein, no Originator will sell, assign (by operation of law or otherwise) or otherwise dispose of any Subject Receivable or Related Rights, or assign any right to receive income in respect thereof, or create or suffer to exist any Adverse Claim arising through or under it upon, or with respect to, any Subject Receivable or Related Rights (including, without limitation, by filing of any financing statement).
OB = The Outstanding Balance of such Subject Receivable on the relevant Payment Date.