Examples of Initial Receivable in a sentence
The Custodian hereby acknowledges receipt of the Receivable File for each Initial Receivable listed on the Schedule of Initial Receivables.
The Trustee has reviewed such Receivable Files and has determined that it has received a file for each Initial Receivable identified in Schedule A to this Agreement.
Such representations and warranties speak as of the execution and delivery of this Agreement in the case of the Initial Receivable and as of the applicable Subsequent Transfer Date in the case of the Subsequent Receivables, except in each case to the extent otherwise provided in the following representations and warranties, but shall survive the sale, transfer and assignment of the Receivables to the Trust and the pledge thereof to the Indenture Trustee pursuant to the Indenture.
The Custodian has reviewed such Receivable Files and has determined that it has received a file for each Initial Receivable identified in Schedule A to this Agreement.
As of the Initial Cutoff Date, no Financed Vehicle securing any Initial Receivable is in repossession status.