Future receivable definition
Future receivable means, at any time, any Receivable that satisfies each of the following conditions at such time: (a) the invoice or bill with respect thereto has not yet been sent to the Obligor thereof, (b) such Receivable arose during the Calculation Period most recently ended, (c) such Receivable is scheduled to be invoiced no later than five (5) Business Days following the Cut-Off Date for the Calculation Period in which such Receivable arose and (d) such Receivable is designated in the monthly work papers prepared in support of the Monthly Report in the Originator’s general ledger accounting system; provided, however, that any Receivable that does not become a Billed Receivable within five (5) Business Days following any Cut-Off Date with respect to any Calculation Period shall not be reported as a “Future Receivable” in the Monthly Report delivered with respect to such Calculation Period or any other Monthly Report.
Future receivable means a receivable that arises after the time a transfer agreement is entered into, whether or not the contract giving rise to the receivable has been entered into at that time.
Future receivable means a receivable that arises after the time a transfer agreement is entered into, whether or not the contract giving rise to the receivable is in [existence/effect] at that time.
More Definitions of Future receivable
Future receivable means a receivable that arises after the time a transfer agreement is entered into. This includes a receivable that arises under a contract that is not in [existence/effect] at that time.
Future receivable means a receivable that might arise after the conclusion of the assignment.
Future receivable means a claim existing on the balance sheet date that pertains to liquid or other assets and whose recognition as a balance sheet item is subject to performance of a contract. Future receivables include, in particular, futures transactions, and claims for the future delivery of liquid or other assets arising from the forward part of swaps;
Future receivable means a receivable that arises after the time a transfer agreement is entered into, whether the contract giving rise to the receivable:
Future receivable has the meaning given to it in the Sale Notice.
Future receivable means a receivable that arises after the time a transfer
Future receivable has the meaning set forth in Section 1.2(a).