Portfolio Receivable definition

Portfolio Receivable means any Receivable (other than a Receivable that has been repurchased or retransferred to an Originator or Intermediate Transferor pursuant to, and in accordance with, the Transaction Documents) (a) which has been sold and/or otherwise assigned (or purported to be sold and/or otherwise assigned) by an Originator to a Seller Party pursuant to an Originator Sale Agreement, and (b) if such Seller Party is other than the Seller, which has been sold or and/or otherwise assigned (or purported to be sold and/or otherwise assigned) by such Seller Party to the Seller, in each case, pursuant to an Intermediate Transfer Agreement. For the avoidance of doubt, any Receivable repurchased or retransferred to an Originator or Intermediate Transferor shall, in accordance with the relevant Transaction Document, be released from the lien of this Agreement and no longer included in the Collateral.

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Portfolio Receivable means any Pending Redemption, Pending Settlement Receivable and any Pending Subscription Amount and the amount of any other reduction in the Portfolio Value which is attributed to a transaction that results in a payment obligation to the Fund.

Portfolio Receivable means a Receivable in the Portfolio.

Examples of Portfolio Receivable in a sentence

• Unless delivered to the Administrative Agent, the Seller shall not take any action to cause any Portfolio Receivable not evidenced by a negotiable instrument upon origination to become evidenced by a negotiable instrument, except in connection with the enforcement or collection of a Defaulted Receivable.

• Except as otherwise provided herein or in the Purchase and Sale Agreement, neither Seller nor Amphenol shall sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon or with respect to, any Portfolio Receivable or related Contract or Related Security, any interest therein, or upon or with respect to any lock-box account to which any Collections of any Portfolio Receivable are sent, or assign any right to receive income in respect thereof.

• In addition, to the extent the Master Servicer contracts with Finacity or any other entity to perform information services within respect to the Portfolio Receivables, the agreement with such entity shall provide that such entity will cooperate with the Administrative Agent in connection with (i) any transition to a successor Master Servicer and (ii) Portfolio Receivable information requests following the occurrence of Facility Event or Portfolio Event.

• Unless delivered to the Administrative Agent, the Master Servicer shall not take any action to cause any Portfolio Receivable not evidenced by a negotiable instrument upon origination to become evidenced by a negotiable instrument, except in connection with the enforcement or collection of a Defaulted Receivable.

• In the case of Amphenol, comply, and cause each other Originator to comply, in all material respects with the Credit and Collection Policy of Receivables Purchase Agreement - 30 Amphenol and each such Originator, respectively, in regard to each Portfolio Receivable and the related Contract.

• Seller owns each Portfolio Receivable, together with the related Contract and all purchase orders and other agreements related to such Portfolio Receivable, free and clear of any Adverse Claim (other than any Adverse Claim arising solely as the result of any action taken by Purchaser or by the Agent) except as expressly provided herein or in the Purchase and Sale Agreement.

• Any payment by an Obligor in respect of any indebtedness owed by it to Seller shall, except as otherwise specified by such Obligor or otherwise required by contract or law and unless otherwise instructed by the Agent, be applied as a Collection of any Portfolio Receivable or Receivables of such Obligor to the extent of any amounts then due and payable thereunder before being applied to any other indebtedness of such Obligor.

More Definitions of Portfolio Receivable

Portfolio Receivable means any motor vehicle retail installment sale contract (including, without limitation, the Contracts) or motor vehicle loan included in the portfolio of motor vehicle retail installment sale contracts and motor vehicle loans that the Servicer services for itself or others.

Portfolio Receivable means any Receivable (other than a Receivable that has been repurchased or retransferred to an Originator or Intermediate Transferor pursuant to, and in accordance with, the Transaction Documents) (a) which has been sold and/or otherwise assigned (or purported to be sold and/or otherwise assigned) by an Originator to a Seller Party pursuant to an Originator Sale Agreement, and (b) if such 949049213.2 Seller Party is other than the Seller, which has been sold or and/or otherwise assigned (or purported to be sold and/or otherwise assigned) by such Seller Party to the Seller, in each case, pursuant to an Intermediate Transfer Agreement. For the avoidance of doubt, any Receivable repurchased or retransferred to an Originator or Intermediate Transferor shall, in accordance with the relevant Transaction Document, be released from the lien of this Agreement and no longer included in the Collateral.