Examples of Administrative Receivable in a sentence
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.
As of the second Accounting Date (or, at the Servicer’s election, the first Accounting Date) following notice to or discovery by the Servicer of a breach of any covenant of the Servicer that materially and adversely affects any Receivable, unless such breach is cured in all material respects, the Servicer shall, with respect to such Receivable (an “Administrative Receivable”) purchase such Administrative Receivable from the Issuer at a price equal to the Administrative Purchase Payment.
Facilities that are able to achieve and maintain compliance with their load limits should not receive a compliance schedule, but must comply with their load limits on the effective date of the permit.
The Schedule of Retail Notes shall be updated to reflect all sales of Receivables as a result of a Receivable becoming a Warranty Receivable or an Administrative Receivable.
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