Existing Receivables definition
Existing Receivables means the Receivables that become a part of the Collateral in connection with the Initial Loan.
Existing Receivables means as of any day, the Gross Receivables purchased by Bank on the Closing Date pursuant to the Purchase Agreement that remain outstanding.
Existing Receivables on the Effective Date, the collective reference to the outstanding "Purchased Receivables" under and as defined in the Existing Agreements.
Examples of Existing Receivables in a sentence
On or before the Closing Date with respect to the Existing Receivables, and on or before the relevant Funding Date with respect to the Subsequent Receivables, the Servicer shall have instructed all related Obligors to make all payments in respect of the related Receivables directly to the Post Office Boxes, and all such payments will be deposited into the Collection Account within [***] Business Days of receipt.
More Definitions of Existing Receivables
Existing Receivables means all Receivables which are specified by (or on behalf of) the Sellers (i) in the initial Letter of Offer as being in existence in respect of Designated Account Debtors as at the Initial Reference Date and (ii) in any subsequent Letter of Offer, as being in existence in respect of Additional Designated Account Debtors as at the Reference Date immediately preceding the Offer Date in respect of such Letter of Offer.
Existing Receivables means all Receivables which are specified by (a) each Transferor or any Additional Transferor in an Initial Offer as being in existence under the Designated Accounts on the Cut-off Date with respect to the Initial Offer Date and with respect to Designated Accounts comprised in such Offer or (b) each Transferor or any Additional Transferor in a subsequent Offer as being in existence under the Designated Accounts comprised in such Offer on the Addition Date relating thereto;
Existing Receivables. As defined in the Receivables Sale Agreement.
Existing Receivables means as of the Program Purchase Date or the other purchase date with respect thereto contemplated by this Agreement, the Gross Receivables purchased by Bank on the Closing Date pursuant to the Purchase Agreement that remain outstanding on such date.
Existing Receivables shall have the meaning specified in Section 2.01.
Existing Receivables. As defined in Section 2(a)(i).
Existing Receivables means as of any day, the gross receivables purchased by the Bank on the Chase Closing Date pursuant to the Chase Purchase Agreement that remain outstanding.