Pool Receivables definition

Pool Receivables means, collectively, the Cartus Receivables and the CFC Receivables.

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Pool Receivables means, collectively, all Eligible Receivables existing on the Initial Computation Date and all Eligible Receivables arising after the Initial Computation Date through and including the Termination Date, and “Pool Receivable” means any such Eligible Receivable individually. For the avoidance of doubt, a Receivable shall cease to be a Pool Receivable if on any day prior to the Termination Date, such Receivable ceases to be an Eligible Receivable, but shall continue to be a Pool Receivable if it ceases to be an Eligible Receivable on or after the Termination Date. For purposes of calculating the amount of all “Pool Receivables” at any time, such amount shall be the Outstanding Balance of all such Pool Receivables minus (a) $11,000,000 during the months of August and September, (b) $9,000,000 during the months of May, June, July, October and November, (c) $3,000,000 during the month of December or (d) $1,000,000, at any other time.

Pool Receivables means, collectively, all Eligible Receivables existing on the Initial Computation Date and all Eligible Receivables arising after the Initial Computation Date through and including the Termination Date, and "Pool Receivable" means any such Eligible Receivable individually. For the avoidance of doubt, a Receivable shall cease to be a Pool Receivable if on any day prior to the Termination Date, such Receivable ceases to be an Eligible Receivable, but shall continue to be a Pool Receivable if it ceases to be an Eligible Receivable on or after the Termination Date.

Examples of Pool Receivables in a sentence

• The Servicer is duly qualified to do business, is in good standing as a foreign entity and has obtained all necessary licenses and approvals in all jurisdictions in which the conduct of its business or the servicing of the Pool Receivables as required by this Agreement requires such qualification, licenses or approvals, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

• Any proceeds of Pool Receivables received by the Borrower or the Servicer thereafter shall be sent immediately to, or as otherwise instructed by, the Administrative Agent.

• The Servicer shall identify its master data processing records relating to Pool Receivables and related Contracts with a legend that indicates that the Pool Receivables have been pledged in accordance with this Agreement.

• Such cooperation shall include access to and transfer of records (including all Contracts) related to Pool Receivables and use by the new Servicer of all licenses (or the obtaining of new licenses), hardware or software necessary or reasonably desirable to collect the Pool Receivables and the Related Security.

• Since the Closing Date there has been no material adverse change in the ability of the Servicer or any Sub-Servicer to service and collect the Pool Receivables and the Related Security.

More Definitions of Pool Receivables

Pool Receivables means, collectively, the CMSC Receivables and the CMF Receivables.

Pool Receivables as defined in the Sale Agreement.

Pool Receivables and "Related Assets" (each as defined in the "Receivables Purchase Agreement) from Market Street, or making any supplement, amendment, termination or other modification to the Receivables Purchase Agreement.

Pool Receivables means, collectively, all Eligible Receivables existing on the Initial Computation Date and all Eligible Receivables arising after the Initial Computation Date through and including the Termination Date, and “Pool Receivable” means any such Eligible Receivable individually. For the avoidance of doubt, a Receivable shall cease to be a Pool Receivable if on any day prior to the Termination Date, such Receivable ceases to be an Eligible Receivable, but shall continue to be a Pool Receivable if it ceases to be an Eligible Receivable on or after the Termination Date. For purposes of calculating the amount of all "Pool Receivables" at any time, such amount shall be the Outstanding Balance of all such Pool Receivables minus $1,000,000.

Pool Receivables in Exhibit I to the Existing Agreement is hereby amended and restated in its entirety to read as follows:

Pool Receivables means, collectively, the CMSC Receivables and the CMGFSC Receivables.

Pool Receivables means all Receivables existing on the initial Cut-Off Date and all Receivables arising in the Accounts from time to time after the applicable Cut Off Date until the Final Distribution Date.