CRC Receivables definition

CRC Receivables means Seller Receivables that are being purchased or have been Purchased by the Issuer hereunder; “CRC Related Property” means Seller Related Property that is being purchased or has been Purchased by the Issuer hereunder; “CRC Related Assets” means Seller Related Assets that are being purchased or have been Purchased by the Issuer hereunder; and “KF Purchased Assets” means Seller Assets that are being purchased or have been Purchased by the Issuer hereunder. Schedule 2.1 sets forth a list of all CRC Home Purchase Contracts as of the Closing Date. Each new Home Purchase Contract that is not a CRC Excluded Contract and that is entered into by the Seller during any month shall be added to the CRC Home Purchase Contracts and shall be reported on or after the last day of such month by delivering a written notice in the form of Exhibit 2.1 to the Issuer or its designee, whereupon Schedule 2.1 shall be amended by the Seller to add such new Home Purchase Contract to the list of CRC Home Purchase Contracts set forth therein. On or prior to the date of the delivery of any such notice, the Seller shall indicate, or cause to be indicated, in its computer files, books and records that the CRC Receivables and other KF Purchased Assets then existing and thereafter created pursuant to or in connection with each such CRC Home Purchase Contract are being transferred to the Issuer pursuant to this Agreement.
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Examples of CRC Receivables in a sentence

  • The Originator will direct all Obligors with respect to receivables and related assets that are not Cartus Receivables or CRC Receivables to deposit all collections in respect of such receivables and related assets in an account that is not a Lockbox or Lockbox Account and will take such other steps as the Buyer reasonably may request to ensure that all collections on such receivables and related assets will be segregated from Cartus Collections and CRC Collections.

  • The Seller will, at its expense, timely and fully perform and comply with, or cause to be timely and fully performed and complied with all provisions, covenants and other promises required to be observed by it under the CRC Home Purchase Contracts and other Contracts related to the CRC Receivables.

  • The Seller has not engaged in any business other than the Purchase of Cartus Receivables and other Cartus Purchased Assets under the CRC Purchase Agreement, the sale of KF Purchased Assets under this Agreement and the purchase and sale of CRC Homes and creation of CRC Receivables pursuant to related Equity Payments, Mortgage Payments and Mortgage Payoffs, and incidental activities related thereto.

  • The Seller will comply in all material respects with all applicable Requirements of Law (including without limitation those relating to the CRC Receivables, CRC Home Purchase Contracts, CRC Related Assets and all Environmental Laws affecting any CRC Home), in each case to the extent that any such failure to comply, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

Related to CRC Receivables

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Subject Receivables means, for any Asset Representations Review, all Receivables outstanding and held by the Issuer that are more than 60 days delinquent as of the first day on which the Review Conditions are satisfied.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Eligible Receivables means and include with respect to each Borrower, each Receivable of such Borrower arising in the Ordinary Course of Business and which Agent, in its sole credit judgment, shall deem to be an Eligible Receivable, based on such considerations as Agent may from time to time deem appropriate. A Receivable shall not be deemed eligible unless such Receivable is subject to Agent’s first priority perfected security interest and no other Lien (other than Permitted Encumbrances), and is evidenced by an invoice or other documentary evidence satisfactory to Agent. In addition, no Receivable shall be an Eligible Receivable if: