Gross Receivable definition

Gross Receivable means, in the case of any Financing Contract that is not an Operating Lease, as of any date, the sum of (a) all unpaid scheduled periodic payments (whether or not due) under such Financing Contract (excluding any amounts in respect of such Financing Contract that are not financed or any other payments not associated with the financing of the Portfolio Property as reflected on the Books and Records of the Company) as of such date, plus (b) the Residual, if any, of the Portfolio Property subject to or governed by such Financing Contract.
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Gross Receivable means, for any Receivable, the sum of all remaining unpaid Scheduled Payments due or to become due under the terms of the related Contract which remain unpaid as of the relevant date of determination plus, in the case of a Lease Receivable, the booked Residual for such Contract.
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Examples of Gross Receivable in a sentence

  • To the extent that any of the Gross Receivables or other Acquired Assets has been securitized, Seller has the ability to repurchase such Gross Receivable or other Acquired Asset prior to the Closing.

  • No Gross Receivable and none of the Eligible Accounts related thereto have been reaffirmed by the applicable obligor in connection with or following any bankruptcy, insolvency or similar Action involving such obligor.

  • Remaining Gross Receivable (includes prepays and delinquencies/rent only) 12.

  • No Gross Receivable and none of the Accounts related thereto have been reaffirmed by the applicable obligor in connection with or following any bankruptcy, insolvency or similar Action involving such obligor.

  • Except for the Participations, Seller has not previously sold, assigned or securitized any of the Gross Receivables or any other Acquired Assets or has any contractual or other obligation to sell, assign, securitize or otherwise transfer any Gross Receivable or other Acquired Asset to any other party.

  • Such Statements of Cash Flows shall contain a reconciliation of the aggregate Gross Receivable amount reflected on such Statement of Cash Flows to the amount reflected on the balance sheet of Finance Company as of such dates included in the Financial Statements.

  • Except for the Comenity Non-Legacy Pool Participation, Seller has not previously sold, assigned or securitized any of the Gross Receivables or any other Acquired Assets or has any contractual or other obligation to sell, assign, securitize or otherwise transfer any Gross Receivable or other Acquired Asset to any other party.