Consumer Receivable definition

Consumer Receivable means a Receivable that is a Consumer Device Payment Plan Agreement.

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Consumer Receivable and “Consumer Receivables” means any or all Accounts and Payment Intangibles owed to the Loan Parties which are consumer credit receivables originated by the Borrower and its Subsidiaries (including those acquired from a third-party lender in connection with a CSO Program), including Installment Loans, Lines of Credit, Payday Loans and Title Loans as the context may require.

Consumer Receivable means, a Receivable owing from a Customer who is a natural Person (and not an entity) arising out of or in connection with the sale or lease of Inventory or the rendition of services to such Person for household, family or other consumer purposes and not for commercial use by such Person. “Contract Rate” shall have the meaning set forth in Section 3.1 hereof. “Control Agreement” shall have the meaning set forth in Section 4.8(h) hereof. “Controlled Group” shall mean, at any time, each Loan Party and all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control and all other entities which, together with any Loan Party, are treated as a single employer under Section 414 of the Internal Revenue Code. “Covered Entity” shall mean (a) each Loan Party and each of its Subsidiaries; and (b) any other Person which has pledged (or will pledge) Collateral hereunder or under any Other Document. 11 074658.00041/136182926v.3 074658.00041/152601366v.3 074658.00041/136182926v.6 074658.00041/136182926v.7 074658.00041/136182926v.10 074658.00041/150851455v.1 074658.00041/150851455v.4

Examples of Consumer Receivable in a sentence

If the asset is not a Consumer Receivable, it will not be regulated by or subject to the Consumer Credit Code or the National Credit Code.
Subject to applicable Laws, each Loan Party also authorizes Administrative Agent’s agents and advisors to conduct verifications of the pledged Eligible Consumer Receivables by contacting the related Consumer Receivable Obligors directly.
The Servicer shall do nothing to impair the ------------- rights of the Issuer or the Lenders with respect to the Consumer Receivables; provided, however, that the writing down of a Consumer Receivable balance in accordance with Customary Procedures shall not be deemed an impairment of the rights of the Issuer or the Lenders.
The Servicer shall be authorized to write down the balance of any Consumer Receivable in accordance with the Customary Procedures without the prior consent of the Issuer; provided, however, that such write-down will not affect the rights of the Lenders to any amounts thereafter collected with respect to such Consumer Receivable.
Without limiting the generality of the foregoing, each Loan Party hereby authorizes the Administrative Agent (and each Consumer Receivable Obligor is hereby directed and authorized to recognize such authorization), following the occurrence of an Event of Default or a Backup Servicing Trigger Event, to direct any or all Consumer Receivable Obligors to make all further payments on Eligible Consumer Receivables in accordance with the directions of the Administrative Agent.
Following the occurrence of a Backup Servicing Trigger Event, Administrative Agent shall have the right to require that all payments becoming due under such pledged Eligible Consumer Receivable be paid directly to Administrative Agent, and Administrative Agent is hereby authorized to receive, collect, hold, and apply the same in accordance with the provisions of this Agreement.
The Consumer Receivable Documents are substantially in the form of those attached as exhibits to the regulatory opinion letters previously delivered by ▇▇▇▇▇▇ ▇▇▇▇, LLP to Revolution and the Administrative Agent and shall have been used for all Consumer Receivables relating to Consumer Receivables subject to this Agreement and any other Loan Documents.
Meeting the entry requirements of the Registered Training Organisation (RTO) delivering the Certificate IV in Coordination of Volunteer Programmes.

More Definitions of Consumer Receivable

Consumer Receivable means any receivable in connection with a ------------------- Consumer Account.

Consumer Receivable means any Eligible Receivable that arises from the provision by the Originator of services for a personal, family or household purpose.