Ineligible Receivable definition
Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).
Ineligible Receivable means any Receivable (or portion thereof) which fails to satisfy all of the requirements of an “Eligible Receivable” set forth in the definition thereof.
Ineligible Receivable means, as of any date of determination, each Receivable that is not an Eligible Receivable on such date.
Examples of Ineligible Receivable in a sentence
Upon transfer or deposit of the Adjustment Payment amount specified in this Section 29(b), the Company shall be entitled to retain without recourse, representation or warranty, all subsequent Collections (or amounts in respect thereof) received by it in respect of each such Ineligible Receivable and such Collections shall not form part of the Collateral.
More Definitions of Ineligible Receivable
Ineligible Receivable is any accounts receivable:
Ineligible Receivable means any Receivable other than an Eligible Receivable.
Ineligible Receivable is defined in Section 6.1(c).
Ineligible Receivable means a Receivable on the books and records of an Originator in one of the following financial classes from the list of all financial classes categorized by the Originators set forth on the schedule of financial classes provided to the Administrative Agent on the Closing Date: (i) Early-Out Blue Cross, (ii) Early-Out HMO/PPO, (iii) Early-Out Other Insurance, (iv) Champus, (v) Workers Comp., (vi) Other Governmental, (vii) Schip Standards, (viii) Schip Nonstandard, (ix) Industrial, (x) Auto Insurance Liability, or (xi) Other Non-Government.
Ineligible Receivable shall have the meaning specified in Section 2.07(b).
Ineligible Receivable means any Receivable which is not an Eligible Receivable.
Ineligible Receivable shall, (i) as used in the Origination Agreements, have the meaning specified in each Origination Agreement, and (ii) as used in all other Transaction Documents, have the meaning specified in Section 29 of this Agreement.