Deferred Payment Receivables Sample Clauses

Deferred Payment Receivables. As of the Cutoff Date $315,249,584.28 total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for 300 days or greater. As of the Cutoff Date $94,949,377.96 total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of between 200 and 299 days. As of the Cutoff Date $9,867,395.87 total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of between 100 and 199 days. As of the Cutoff Date $2,587,992.03 total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of 99 days or less. In no case will the first payment on a Deferred Payment Receivable be due later than 480 days after the date of inception of that Receivable.
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Deferred Payment Receivables. As of the Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for 300 days or greater. As of the Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of between 200 and 299 days. As of the Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of between 100 and 199 days. As of the Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of 99 days or less.
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Deferred Payment Receivables. As of the Initial Cutoff Date $__________total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a deferral period of between 13 and 15 months. As of the Initial Cutoff Date $ _______total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a deferral period of between 10 and 12 months. As of the Initial Cutoff Date $______ total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a deferral period of between 6 and 9 months. As of the Initial Cutoff Date $__________total Principal Balance of Deferred Payment Receivables had a deferral period of 90 days. All of the Subsequent Deferred Payment Receivables are ZZZ Receivables. No Deferred Payment Receivable is a Final Payment Receivable.
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Deferred Payment Receivables. Within three business days after the Closing, Buyer shall deliver, on paper and on electronic media, a list of all Deferred Payment Receivables as of the close of business on the Closing, including amounts, account numbers and bill dates of each separate Xxxerred Payment Receivable. If not included on such list, the name, address and telephone number of the customer associated with each Deferred Payment Receivable shall be furnished to Seller promptly upon request. Seller will process and submit such Deferred Payment Receivables for payment to its account in accordance with its practices and policies (including deferred payment policies) as in effect immediately prior to the Closing, and will employ its customary collection practices in attempting to realize upon the Deferred Payment Receivables.
Sample 1
Deferred Payment Receivables. As of the Initial Cutoff Date, $128,402,141.03 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for 300 days or greater. As of the Initial Cutoff Date, $50,240,124.87 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for a period of between 200 and 299 days. As of the Initial Cutoff Date $30,120,031.55 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for a period of between 100 and 199 days. As of the Initial Cutoff Date $6,761,295.64 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for a period of 99 days or less. In no case will the first payment on a Deferred Payment Receivable be due later than 480 days after the date of inception of that Receivable.
Sample 1
Deferred Payment Receivables. As of the Initial Cutoff Date $582,305,485.60 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables were Long Deferment Period Receivables. As of the related Subsequent Cutoff Date, all of the $222,347,151.43 Principal Balance of Subsequent Receivables to be purchased by the Purchaser from the Seller with funds deposited to the Pre-Funding and Reinvestment Account on the Closing Date are Long Deferment Period Receivables. No Deferred Payment Receivable is a Final Payment Receivable.
Sample 1
Deferred Payment Receivables. As of the Initial Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for _____ days.
Sample 1
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Deferred Payment Receivables. As of the Initial Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables were Long Deferment Period Receivables. As of the related Subsequent Cutoff Date, all of the $[ ] Principal Balance of Subsequent Receivables to be purchased by the Trust from the Seller with funds deposited to the Pre-Funding Account on the Closing Date are Long Deferment Period Receivables. No Deferred Payment Receivable is a Final Payment Receivable.]
Sample 1

Related to Deferred Payment Receivables

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Payments “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Collection of Receivable Payments; Modifications of Receivables (a) Consistent with the standards, policies and procedures required by this Agreement, the Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Receivables as and when the same shall become due, and shall follow such collection procedures as it follows with respect to all comparable automobile receivables that it services for itself or others and otherwise act with respect to the Receivables, the Dealer Agreements, the Dealer Assignments, the Insurance Policies and the Other Conveyed Property in such manner as will, in the reasonable judgment of the Servicer, maximize the amount to be received by the Trust with respect thereto, including directing the Issuer to sell the Receivables pursuant to Section 4.3(c). The Servicer is authorized in its discretion to waive any prepayment charge, late payment charge or any other similar fees that may be collected in the ordinary course of servicing any Receivable.

  • Required Payments Unless otherwise provided in this Agreement, any payment of Tax required shall be due within 30 days of a Final Determination of the amount of such Tax.

  • Collection of Receivable Payments The Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Receivables as and when the same shall become due, and shall follow such collection procedures as it follows with respect to all comparable motor vehicle receivables (including automobiles and light-duty trucks) that it services for itself or others. The Servicer shall be authorized to grant extensions, rebates or adjustments on a Receivable without the prior consent of the Issuer. If, as a result of the extending of payments in accordance with the customary servicing standards of the Servicer, any Receivable will be outstanding later than the Final Scheduled Maturity Date, the Servicer shall be obligated to repurchase such Receivable pursuant to Section 3.08. In addition, in the event that any such rescheduling or extension of a Receivable modifies the terms of such Receivable in such a manner as to constitute a cancellation of such Receivable and the creation of a new motor vehicle receivable (including automobiles and light-duty trucks) that results in a deemed exchange thereof within the meaning of Section 1001 of the Code, the Servicer shall purchase such Receivable pursuant to Section 3.08, and the receivable created shall not be included in Collateral held by the Issuer. Notwithstanding the foregoing, extensions or modifications of the payment schedule of a Receivable can be made only in accordance with the customary servicing procedures of the Servicer, provided that the amount of any extension fee charged in connection with the extension of a Receivable is deposited into the Collection Account by the Servicer in accordance with Section 4.05(a). The Servicer may, in accordance with its customary servicing procedures, waive any prepayment charge, late payment charge or any other fees that may be collected in the ordinary course of servicing the Receivables.

  • Payment of Receivables Purchase Price In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.1, on the Closing Date the Purchaser shall have paid to the Seller the Receivables Purchase Price.

  • Delayed Payments In the event of a genuine dispute between State Auto or any Subsidiary and Executive regarding the amount or timing of benefits under this Agreement, a delay in the payment of amounts under this Agreement shall not cause Executive to violate Code Section 409A to the extent that such delay satisfies the conditions set forth in Code Section 409A and applicable regulations thereunder.

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Scheduled Payments As of the Cutoff Date, each Receivable had a first scheduled due date on or prior to the end of the third month immediately following the Cutoff Date.

  • Collection of Accounts Receivable Without limiting the generality of the provisions of Section 5.2, prior to the Closing, Seller and its Subsidiaries shall collect all Accounts Receivable in the ordinary course of business, consistent with Seller’s and its Subsidiaries’ past practice with respect to the Acquired Assets. From and after the Closing, Purchaser shall have the sole right and authority to collect for its own account all Accounts Receivable and to endorse with the name of Seller and its Subsidiaries any checks or drafts received with respect to any such Accounts Receivable. Seller agrees to deliver promptly to Purchaser all cash, checks or other property received directly or indirectly by Seller and its Subsidiaries with respect to such Accounts Receivable, including, without limitation, any amounts payable as interest thereon. From and after the Closing, unless specifically requested by Purchaser, Seller and its Subsidiaries shall not contact any current or former customer regarding any Accounts Receivable and shall refer promptly to Purchaser all inquiries with respect to any Accounts Receivable. If and to the extent requested by Purchaser, Seller and its Subsidiaries shall take such actions as may be reasonably necessary or advisable to facilitate the collection of any Accounts Receivable; it being agreed and understood that customers of the Acquired Business may also be customers of Seller’s and its Subsidiaries’ businesses with whom Seller and its Subsidiaries may have continuing business relationships. If not collected within 90 days from the Closing Date, Seller and its Subsidiaries shall pay promptly to Purchaser the amount of any uncollected Accounts Receivable in cash, and Purchaser shall assign and transfer back to Seller and its Subsidiaries each such Accounts Receivable for collection by Seller and its Subsidiaries; provided that Seller and its Subsidiaries shall not take any action in connection with such collection that would adversely affect Purchaser’s ongoing business relationship with the customer(s).

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