INELIGIBLE COLLECTIONS definition
INELIGIBLE COLLECTIONS means Collections in respect of Ineligible Receivables;
INELIGIBLE COLLECTIONS means Collections in respect of Ineligible Receivables.
Examples of INELIGIBLE COLLECTIONS in a sentence
If from time to time payments of monies into the Trustee Collection Account representing Ineligible Collections are incorrectly deemed to be Principal Collections in respect of Eligible Receivables such monies may be allocated as such in accordance with this Deed (as amended by any Supplement) ("ALLOCATED INELIGIBLE COLLECTIONS") unless prior to such allocation the Receivables Trustee is notified by the Servicer that such monies are Ineligible Collections.