Pool Receivable definition

Pool Receivable means a Receivable in the Receivables Pool.

Pool Receivable means a Receivable in the Receivables Pool. For the avoidance of doubt, the Pool Receivables shall include both Sold Receivables and Unsold Receivables.

Pool Receivable means a Receivable conveyed to the Seller pursuant to the Purchase and Sale Agreement and not reconveyed to the Originator in accordance with the terms of the Purchase and Sale Agreement.

Examples of Pool Receivable in a sentence

• Comply with all applicable Laws, in respect of the conduct of its business, the Pool Receivables, and each of the related Contracts, except where the failure to so comply, individually or in the aggregate could not reasonably be expected to adversely affect any Pool Receivable, or otherwise give rise to a Material Adverse Effect.

• Except as otherwise provided herein or in the Sale Agreement, sell, assign (by operation of Law or otherwise), or otherwise dispose of, or create or suffer to exist any Adverse Claim (other than the Borrower’s ownership interest or contingent claim to ownership) upon or with respect to any Pool Receivable, Related Assets or any other Collateral.

• At any time during the continuance of any Event of Termination, the Servicer shall, (A) at the Collateral Agent’s request and at the Servicer’s expense, assemble all of the Records and deliver such Records to the Collateral Agent or its designee, and (B) at the request of the Collateral Agent or its designee, exercise or enforce any of their respective rights hereunder, under any other Transaction Document, Pool Receivable, or under any Related Asset (to the extent permitted hereunder or thereunder).

• During the continuance of an Event of Termination, the Collateral Agent shall have the sole right to direct the Servicer to commence or settle any legal actions to enforce collection of any Pool Receivables; provided, that the Servicer shall have no obligation to commence any legal actions or enforce collection of any Pool Receivable in a commercially unreasonable manner, taking into account the costs and recoveries expected in connection with such legal action or enforcement.

• Each Pool Receivable listed as an Eligible Receivable in any Loan Request or Information Package or included as an Eligible Receivable in the calculation of Net Portfolio Balance on any date is an Eligible Receivable as of the effective date of the information reported in such Loan Request or Information Package or as of the date of such calculation, as the case may be, or has been cured through a repurchase or Deemed Collection payment in accordance with the Sale Agreement.

More Definitions of Pool Receivable

Pool Receivable. A Receivable in the Receivables Pool.

Pool Receivable means each Receivable in which an interest has been transferred or purported to be transferred to the Borrower by an Originator pursuant to the Receivables Sale Agreement.

Pool Receivable means any Receivable other than a Receivable owing from a Specified Obligor.

Pool Receivable means a Receivable in the Receivables Pool. For the avoidance of doubt, the Pool Receivables shall include both Sold Receivables and Unsold Receivables and may include both Billed Receivables and Unbilled Receivables.

Pool Receivable means any Receivable which has been acquired by the Seller from the Originator pursuant to the Sale Agreement.

Pool Receivable means each Receivable that (a) has been or is contemporaneously therewith being sold, contributed or otherwise transferred by the Originator to the SPV under the First Tier Agreement and (b) has not been re-transferred by the SPV to the Originator or an Affiliate thereof.

Pool Receivable means an SCC Pool Receivable, an ISC Pool Receivable, a Lease Pool Receivable, or an MTM Lease Receivable.