Indemnified Receivable definition

Indemnified Receivable. A Receivable for which the Servicer is obligated to indemnify for an Actual Loss Amount pursuant to Section 2.6 of the Servicing Agreement.
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Examples of Indemnified Receivable in a sentence

  • Unless such breach shall have been cured in all material respects by the thirtieth (30th) day following such discovery or receipt of notice of such breach, such Receivable shall become an Indemnified Receivable and the Servicer shall make an Actual Loss Payment (if any) in accordance with Section 3.3(a).

  • Unless such breach shall have been cured in all material respects by the thirtieth (30th) day following such discovery or receipt of notice of such breach, such Receivable shall become an Indemnified Receivable and the Servicer shall make an Actual Loss Payment (if any) CRVNA 2022-P3 Servicing Agreement in accordance with Section 3.3(a).

  • If the Seller exercises the Receivables Call Option in accordance with the Receivables Purchase Agreement, the Issuer shall be obliged to sell the relevant Indemnified Receivable to the Seller.

  • When necessary, the social worker instructs or arranges for instruction of the foster care home or facility in: .

Related to Indemnified Receivable

  • 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:

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Indemnified Amounts Defined in Section 11.1.

  • 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).

  • Indemnified Liabilities has the meaning specified in Section 10.05.

  • 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.

  • 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.

  • 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.