Pledged Receivables definition

Pledged Receivables shall have the meaning attributed to such term in the Servicing Agreement.

Pledged Receivables has the meaning assigned to that term in Section 2.11(a).

Pledged Receivables the collective reference to all Receivables pledged by any Grantor as Collateral.

Examples of Pledged Receivables in a sentence

• The Borrower has either (i) received the Pledged Receivables (or any number or portion of them) from the Depositor as a capital contribution, or has (ii) given fair consideration and reasonably equivalent value in exchange for the sale of the Pledged Receivables (or any number or portion of them) by the Depositor, in each case, pursuant to the Transfer Agreement.

• The Borrower is not pledging any Pledged Receivables with any intent to hinder, delay or defraud any of its creditors.

• The Borrower is a Delaware statutory trust duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation and has the power and all licenses necessary to own its assets and to transact the business in which it is engaged and is duly qualified and in good standing under the laws of each jurisdiction where the transaction of such business or its ownership of the Pledged Receivables requires such qualification.

• No consent of any other Person and no consent, license, approval or authorization of, or registration or declaration with, any Governmental Authority, bureau or agency is required in connection with the execution, delivery or performance by the Borrower of this Agreement or any Transaction Document to which it is a party or the validity or enforceability of this Agreement or any such Transaction Document or the Pledged Receivables, other than such as have been met or obtained.

• The Borrower shall, upon the request of the Administrative Agent (acting at the direction of the Required Lenders) at any time after the occurrence of an Event of Default and at the Borrower’s expense, notify the Obligors obligated to pay any Pledged Receivables, or any of them, of the security interest of the Administrative Agent, for the benefit of the Secured Parties, in the Pledged Assets.

More Definitions of Pledged Receivables

Pledged Receivables means at any time Receivables that are included (or that creates rights that are included) in the Collateral at such time.

Pledged Receivables means Pledged Pool A Receivables and Pledged Pool B Receivables.

Pledged Receivables means all rights to payment, whether or not earned by performance, for Goods or other property sold, leased, licensed, assigned or otherwise disposed of, or services rendered or to be rendered, including, without limitation all such rights constituting or evidenced by the Accounts, Chattel Paper, Documents, Investment Property, Instruments or Pledged Deposits, and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral, together with all of Grantor’s rights, if any, in any Goods or other property giving rise to such right to payment, all Collateral Support and Supporting Obligations related thereto and all Receivables Records, but excluding the Excluded Assets.

Pledged Receivables means all Receivables which are not Purchased Receivables.

Pledged Receivables shall have the meaning given to it in the Pledge and Security Agreement.

Pledged Receivables has the meaning set forth in the Credit Agreement.

Pledged 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 to which the Company has a right to collect from an Account Debtor for the first time on a date when there is an unpaid Advance outstanding.