Examples of Ineligible Receivables in a sentence
The Servicer shall deduct the portion of such Ineligible Receivables reassigned to each Transferor which are Principal Receivables from the aggregate amount of the Principal Receivables used to calculate the Transferor Amount.
The payment of such deposit amount in immediately available funds shall otherwise be considered payment in full of all of the Ineligible Receivables.
Proceeds treated as $0.00 Available Noteholder Principal Collections Monthly Interest Accrued, but not paid $0.00 Ineligible Receivables $0.00 Excess Funding Account at Date of Determination $0.00 Defaulted Receivables in Ineligible and Overconc.
The obligation of the Company to pay such Adjustment Payment amount specified in this Section 29(b), as the case may be, with respect to any Ineligible Receivables shall constitute the sole remedy respecting the event giving rise to such obligation available to the Secured Parties unless such obligation is not satisfied in full in accordance with the terms of this Agreement.
The amounts so deposited are to be treated for all purposes hereof as Collections on such Ineligible Receivables.