Offered Receivable definition

Offered Receivable means, with respect to any Purchase Date, the Eligible Receivables proposed by a Seller to the Purchaser for purchase hereunder and described in the related Purchase Request to be purchased by the Purchaser on such Purchase Date.
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Offered Receivable means, with respect to any Purchase Date, each Eligible Receivable proposed by a Seller to the Purchaser for purchase hereunder and described in the related Purchase Request to be purchased by the Purchaser on such Purchase Date.
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Offered Receivable means any Receivable offered for sale by a Seller to the Purchaser pursuant to an Offer.
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Examples of Offered Receivable in a sentence

  • OFFER -------------------------------------------------------------------------------- Subject to the terms and conditions of this Sale Notice, the Approved Seller, as legal and beneficial owner, offers to sell and assign the Offered Receivable Rights (free from any Security Interest) to the Trustee for the Purchase Price.

  • Subject to the terms and conditions of this Sale Notice, the Approved Seller, as legal and beneficial owner, offers to sell and assign the Offered Receivable Rights (free from any Security Interest) to the Trustee for the Purchase Price.

  • With respect to each Offered Receivable that is subject to a retention of title of a supplier of the German Seller the amount owed by the German Seller to its supplier under the relevant contract containing such retention of title clause is lower than the Purchase Price payable by the Purchaser to the German Seller hereunder with respect to such Offered Receivable.

  • The German Seller agrees that in the event that any amounts in respect of an Offered Receivable are received from a Debtor at any time on or after the Business Day on which such Offered Receivable is purchased by the Purchaser pursuant to Clause 3.1, such amounts will be for the account of and forwarded to the Purchaser.

  • Transfer of title to, and completion of the assignment of, an Offered Receivable shall take place upon the Purchaser accepting to purchase such Offered Receivable in accordance with Clause 3.1 and the payment of the Purchase Price in respect of such Offered Receivable in accordance with Clause 6.2.

  • Without limiting the generality of the foregoing, the Purchaser has the right, in its sole and absolute discretion, to decline to purchase any Offered Receivable that has been offered for sale to the Purchaser by any Seller at any time.

  • Transfer of title to, and completion of the assignment of, an Offered Receivable shall take place upon the Italian Seller’s receipt of the Initial Acceptance Letter or each Acceptance Letter (as the case may be) in accordance with Clause 4.1 and the payment of the Purchase Price in accordance with Clause 6.2 above, in respect of such Offered Receivable.

  • The Italian Seller agrees that in the event that any amounts in connection with an Offered Receivable are received from a Debtor at any time on or after the Business Day on which such Offered Receivable is purchased by the Purchaser pursuant to Clause 4.1 and Clause 6.2, such amounts will be for the account of and forwarded to the Purchaser.

  • Transfer of title to, and completion of the assignment of, an Offered Receivable shall take place in accordance with the procedure described in Clause 5.

  • The French Seller agrees that in the event that any amounts in connection with an Offered Receivable are received from a Debtor at any time on or after the Business Day on which such Offered Receivable is purchased by the French Purchaser pursuant to Clause 5, such amounts will be for the account of and forwarded to the French Purchaser.

Related to Offered Receivable

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Sold Receivable means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c) hereof.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.