Converted Receivables definition
Converted Receivables means the credit card receivables outstanding on a Converted Account immediately after an Unconverted Account is Converted.
Examples of Converted Receivables in a sentence
The representations and warranties set forth in this Section 4.1 shall survive the transfer of Converted Receivables to the Buyer and the sale of the New Receivables to the Buyer.
The consideration for the Converted Receivables transferred to the Buyer is the concurrent transfer of the related Unconverted Accounts from the Buyer to TCSI.