Insolvency Proceeds definition

Insolvency Proceeds shall have the meaning specified in Section 9.01(b).

Insolvency Proceeds means any proceeds arising out of a sale, disposition or liquidation of Receivables (or interests therein) pursuant to subsection 9.02(a) of the Agreement.

Insolvency Proceeds has the meaning set forth in Section 6.01(b) of the Administration Agreement.

Examples of Insolvency Proceeds in a sentence

• On the Payment Date on which the Insolvency Proceeds are deposited in such Collection Account (or, if such proceeds are not so deposited on a Payment Date, on the Payment Date immediately following such deposit), the Servicer shall instruct the Indenture Trustee to allocate and apply the Insolvency Proceeds as if (and in the same order of priority as) the Insolvency Proceeds were Pledged Revenues being allocated and distributed on such date pursuant to this Pooling Agreement.

• Upon any sale of the assets of the Trust ------------------------ pursuant to Section 9.2 of the Trust Agreement, the Administrator shall instruct the Indenture Trustee in writing to deposit the net proceeds from such sale after all payments and reserves therefrom (including the expenses of such sale) have been made (the "Insolvency Proceeds") in the Collection Account.

• On the Payment Date on which the Insolvency Proceeds are deposited in such Collection Account (or, if such proceeds are not so deposited on a Payment Date, on the Payment Date immediately following such deposit), the Servicer shall instruct the Indenture Trustee to allocate and apply the Insolvency Proceeds as if (and in the same order of priority as) the Insolvency Proceeds were Collections being allocated and paid on such date pursuant to this Agreement.

• To the extent that the product of (A) the portion of the Insolvency Proceeds allocated to Collections of Finance Charge Receivables and (B) the Floating Allocation Percentage with respect to the related Monthly Period exceeds the aggregate amount distributed to the Paying Agent pursuant to the preceding sentence, the excess shall be released to the Collateral Indebtedness Holder for application by the Collateral Indebtedness Holder in accordance with the Collateral Agreement.

• The remainder of the portion of the Insolvency Proceeds allocated to Allocable Principal Collections shall be allocated to the Seller’s Interest and shall be released to the Seller on such Distribution Date.

More Definitions of Insolvency Proceeds

Insolvency Proceeds means the proceeds, after all payments and reserves from the sale of the assets of the Trust upon the dissolution of the Trust because of an insolvency of the Seller.

Insolvency Proceeds has the meaning given to such term in Section 10.01.

Insolvency Proceeds is defined in Section 9.1(b) of the Sale and Servicing Agreement.

Insolvency Proceeds has the meaning assigned to such term in Section ------------------- 11.1(b).

Insolvency Proceeds. The proceeds described in Section 9.2(a) of the Trust Sale and Servicing Agreement.

Insolvency Proceeds. As defined in Section 10.1(b).

Insolvency Proceeds shall have the meaning specified in Clause 6.3(c) of the Receivables Trust Deed and Trust Cash Management Agreement;