Ineligible Receivable definition

Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).

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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

• The Administrative Agent shall, at the sole expense of the Servicer (which, in the case of any Successor Servicer, shall be reimbursable in accordance with the provisions of Section 2.07), execute such documents and instruments of release as may be prepared by the Servicer on behalf of the Borrower and take such other actions as shall reasonably be requested by the Borrower to effect the release of such Ineligible Receivable pursuant to this subsection.

• The Administrative Agent shall be deemed, upon deposit of the Release Price into the Collection Account, to convey to the Borrower, without recourse, representation, or warranty, all of its right, title, and interest in such Ineligible Receivable and the Borrower shall accept the release of each such Ineligible Receivable from the Administrative Agent.

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 means any Receivable that arises in an Eligible Account, was not an Eligible Receivable at the time of its transfer to the Trust and was transferred to the Trust in accordance with Section 2.09.