Current Receivable definition

Current Receivable means each Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

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Current Receivable means any Receivable with respect to which no payment is outstanding beyond the date on which such payment was due.

Current Receivable as defined in subsection 2.13(f).

Examples of Current Receivable in a sentence

• The Owner shall cause all sums hereafter received or recovered by or for it in respect of any Current Receivable to be directly credited to a separate and distinct account as the Collateral Agent may from time to time designate and, if called upon to do so by notice in writing from the Collateral Agent, shall execute an absolute assignment of any such Current Receivable in favor of the Collateral Agent, all at the cost of the Owner.

• The Owner shall cause all sums hereafter received or recovered by or for it in respect of any Current Receivable to be directly credited to a separate and distinct account as the Indenture Trustee may from time to time designate and, if called upon to do so by notice in writing from the Indenture Trustee, shall execute an absolute assignment of any such Current Receivable in favor of the Indenture Trustee, all at the cost of the Owner.

• The Purchaser acknowledges and agrees that it is not entitled to the Collection Fee for any Retained Current Receivable collected by the Seller nor for any uncollected Retained Current Receivable.

• Purchaser acknowledges and agrees that it is responsible for paying Seller's payroll in the amount of $113,950 for the two weeks ended September 19, 1997.

• Any amounts received after the Closing by the Seller from an account debtor in respect of a Current Receivable shall be remitted promptly to the Purchaser.

More Definitions of Current Receivable

Current Receivable means a Receivable that has not aged beyond its originally stated due date.

Current Receivable means, as of any date of determination, any Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

Current Receivable means a Pool Receivable which has an Outstanding Balance and as to which no payment, or portion thereof, remains unpaid past the original due date for such payment.

Current Receivable means any Eligible Receivable of ABF for which no more than 30 days has passed since the date of original invoice therefor.

Current Receivable means (a) any Non-Insurance Receivables and (b) Commission Receivable that is a fully-earned (subject to customary offset or “clawback” rights) first year commission or a current year renewal commission.

Current Receivable means any Receivable due within thirty days after the Closing Date, other than any ▇▇▇▇▇▇ Receivable.

Current Receivable means any Purchased Receivable other than an Overdue Receivable, Receivable Ineligible for Funding or Charge-Off Receivable.