Examples of Eligible Receivable in a sentence
Each Receivable covered by any Receivables Schedule or Monthly Remittance Report is an Eligible Receivable except as expressly stated in such Receivables Schedule or Monthly Remittance Report.
Each Receivable included in the Net Pool Balance as an Eligible Receivable on the date of any Loan or on the date of any Information Package or Interim Report, in each case, constitutes an Eligible Receivable on such date.
Each Receivable included in the Net Pool Balance as an Eligible Receivable on the date of any Loan or on the date of any Information Package or Interim Report, in each case, constitutes an Eligible Receivable on the date of such Loan or the “as-of” date of such Information Package or Interim Report, as applicable.
Each Receivable included as an Eligible Receivable in any calculation of the Adjusted Pool Balance is an Eligible Receivable.
If an Originator breaches such payment obligation, for example because the Originator is subject to an Insolvency Proceeding, this may result in the proceeds not being applied in reduction of the relevant Eligible Receivable and in a Deduction Risk; or • the Second Beneficiary or the Partner, which may result in the proceeds not being applied in reduction of the relevant Eligible Receivable.