Discounted Receivable definition

Discounted Receivable means a Receivable that arises under a Contract pursuant to which the first installment payment thereunder is not required to be made prior to 120 days after the contract inception; provided that such Receivable shall cease to be a Discounted Receivable after the date 120 days after the contract inception and shall at all times thereafter be deemed to be a “Skip Receivable”; provided further, if the first six payments thereunder are made in full in consecutive months, such Receivable shall no longer be deemed to be a “Skip Receivable.”
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Discounted Receivable means, each of the nine Initial Receivables that would have had an interest rate of less than 4.49% if not for the discounting of these Receivables by the Seller as of the Initial Cutoff Date and each of the Subsequent Receivables that would have an interest rate of less than 4.49% if not for the discounting of these Receivables as of the applicable Subsequent Cutoff Date.
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Discounted Receivable means a Subsequent Receivable that the Transferor discounts pursuant to Section 2.06.
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Examples of Discounted Receivable in a sentence

  • The Transferor shall have the option, on any Transfer Date, to discount any Subsequent Receivables being transferred to the Trust on such Transfer Date (any such Subsequent Receivable, a "Discounted Receivable") by indicating on the Schedule of Receivables the discounted Principal Balance and the discounted Scheduled Principal Payments of such Discounted Receivables and the APR of such Discounted Receivables after giving effect to such discount.

  • Class A Targeted Overcollateralization Amount means, on each Payment Date, the Class A Targeted Overcollateralization Percentage multiplied by the Discounted Receivable Balance.

  • Conclusion and final considerationsCurrent research brings important benefits to the development of e-books regarding the process of hearing the voice of users, main actor in this process.

  • AND PAYMENT 3 2.1 Aggregate Purchase Price and Payment 3 2.2 Final Determination of Net Discounted Receivable Amount or Net Discounted Payable Amount 4 2.3 Additional Consideration 5 2.4 Allocation of Aggregate Purchase Price 6 ARTICLE 3.

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  • The Discounted Receivable is being and will be paid as follows: (a) the Company has paid a cash payment, on or immediately prior to the Closing Date, equal to the full amount of the Company’s available cash; and (b) the Buyer shall cause the Company to pay the balance of the Discounted Receivable within a period of not more than 3 (three) Business Days following the Closing Date.

  • If the Servicer shall consent during any Monthly Period to any early termination of any Lease Contract prior to its scheduled expiration and shall receive an amount in respect thereof that is less than the Discounted Receivable Balance of such Contract plus accrued and unpaid interest thereon through the end of such Monthly Period, the Servicer shall deposit the amount of such shortfall to the Collection Account on the related Settlement Date.

  • Invoices are due for payment within 30 days of receipt without deduction, unless otherwise agreed in writing.

  • The Service Provider shall accept payment of the Discounted Receivable as payment in full for the Receivable.

  • Buyer hereby guarantees the Company’s obligation to make the payment of the Discounted Receivable pursuant to the payment terms and schedule described in Section 7.4, but subject to the provisions of Article 8, including without limitation, that it shall guarantee such payment even if the payment of the Discounted Receivable is ever challenged by a creditor, bankruptcy trustee or otherwise.


More Definitions of Discounted Receivable

Discounted Receivable means each of the 31 Receivables that would have had an interest rate of less than 4.50% if not for the discounting of these Receivables by the Depositor as of the Cutoff Date.
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Discounted Receivable means a Receivable that arises under a Contract that does not contain a stated rate of interest applicable to the Outstanding Balance of such Receivable.
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Discounted Receivable means a Finance Receivable originated by a Person other than the Borrower or one of its Subsidiaries which is acquired at less than face or par value and, at the time of acquisition, would have constituted a Non-Performing Asset.
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Discounted Receivable means each of the [_____] Receivables that would have had an interest rate of less than [_____]% if not for the discounting of these Receivables by the Depositor as of the Cutoff Date.]
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Related to Discounted Receivable

  • Liquidated Receivable means any Receivable liquidated by the Servicer through the sale or other disposition of the related Financed Equipment or that the Servicer has, after using all reasonable efforts to realize upon the Financed Equipment, determined to charge off without realizing upon the Financed Equipment.

  • Unbilled Receivable means, at any time, any Receivable as to which the invoice or xxxx with respect thereto has not yet been sent to the Obligor thereof.

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Diluted Receivable means that portion, and only that portion, of any Receivable which is either (a) reduced or canceled as a result of a Dilution Factor or (b) subject to any specific dispute, offset, counterclaim or defense whatsoever.

  • Precomputed Receivable means any Receivable under which the portion of a payment allocable to earned interest (which may be referred to in the related contract as an add-on finance charge) and the portion allocable to the Amount Financed is determined according to the sum of periodic balances, the sum of monthly balances, the rule of 78's or any equivalent method.

  • Excluded Receivable means all indebtedness and other obligations owed to Originator or in which Originator has a security interest or other interest (including, without limitation, any indebtedness, obligation or interest constituting an account, chattel paper, instrument or general intangible) arising in connection with the sale of merchandise or the rendering of services by Originator and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto:

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Eligible Unbilled Receivable means, at any time, any Unbilled Receivable if (a) the related Originator has recognized the related revenue on its financial books and records under GAAP, and (b) not more than thirty (30) days have expired since the date such Unbilled Receivable arose.

  • Defaulted Receivable means a Receivable:

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

  • Sold Receivable means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c) hereof.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Review Receivable has the meaning designated in Section 1.02 of the Asset Representations Review Agreement.

  • Delinquent Receivable means a Receivable as to which any payment, or part thereof, remains unpaid for 61 days or more from the original due date for such payment.

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

  • Principal Receivable means each Receivable other than Finance Charge -------------------- Receivables and Receivables in Defaulted Accounts. A Principal Receivable shall be deemed to have been created at the end of the day on the Date of Processing of such Receivable. In calculating the aggregate amount of Principal Receivables on any day, the amount of Principal Receivables shall be reduced by the aggregate amount of credit balances in the Accounts on such day. Any Principal Receivables which Seller is unable to transfer as provided in Section 2.5(c) of -------------- the Transfer and Servicing Agreement shall not be included in calculating the aggregate amount of Principal Receivables.

  • Charged-Off Receivable means a Receivable: (i) as to which the Obligor thereof has taken any action, or suffered any event to occur, of the type described in Section 9.1(d) (as if references to Seller Party therein refer to such Obligor); (ii) as to which the Obligor thereof, if a natural person, is deceased, (iii) which, consistent with the Credit and Collection Policy, would be written off Seller’s books as uncollectible, or (iv) which has been identified by Seller as uncollectible.

  • Receivable any right to payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including, without limitation, any Account).

  • Account Receivable means, with respect to any Person, any and all rights of such Person to payment for goods sold and/or services rendered, including accounts, general intangibles and any and all such rights evidenced by chattel paper, instruments or documents, whether due or to become due and whether or not earned by performance, and whether now or hereafter acquired or arising in the future, and any proceeds arising therefrom or relating thereto.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • Interest Receivable means, in respect of the relevant Measurement Period ending on any Measurement Date, all interest received by or accrued to the Issuer during such period, including any amounts received by the Issuer in terms of any Treasury Transaction (as such relates to the hedging by the Issuer of its interest rate risk) (other than interest which is not received or receivable in funds that are freely remittable to South Africa), all as reflected in, and/or ascertained from, the Financial Statements for that Measurement Period;

  • Scheduled Receivables Payment means, with respect to any Collection Period for any Receivable, the amount set forth in such Receivable as required to be paid by the Obligor in such Collection Period. If after the Closing Date, the Obligor’s obligation under a Receivable with respect to a Collection Period has been modified so as to differ from the amount specified in such Receivable as a result of (i) the order of a court in an insolvency proceeding involving the Obligor, (ii) pursuant to the Servicemembers Civil Relief Act or (iii) modifications or extensions of the Receivable permitted by Section 4.2(b), the Scheduled Receivables Payment with respect to such Collection Period shall refer to the Obligor’s payment obligation with respect to such Collection Period as so modified.

  • Eligible Receivable means, at any time, a Receivable:

  • 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.

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.