Non-Performing Receivables definition
Non-Performing Receivables means, together, the Delinquent Receivables and the Defaulted Receivables.
Examples of Non-Performing Receivables in a sentence
All of the Receivables (other than the Subject Non-Performing Receivables listed on Schedule 4(r)) are good and collectible receivables, are current, and the Companies expect to collect same in accordance with past practice and the terms of such Receivables (and in any event within 90 days following the Closing Date) without any set off or counterclaims.
If, after Completion of any Pool, Grantor receives any additional collections in respect of the Purchased Receivables (excluding Non-Performing Receivables as to which Grantor has fulfilled its obligations to repurchase) included in such Pool, Grantor shall promptly transfer an amount equal to such collections to ▇▇▇▇▇▇ in accordance with the provisions of paragraph (a)(i) above.