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.
Each Receivable treated as or represented to be a Portfolio Receivable is owned by the Seller, free and clear of any Adverse Claim (other than Permitted Adverse Claims).
With respect to each Receivable treated as or represented to be a Portfolio Receivable, the applicable Seller Party purchased such Receivable from the applicable Originator in accordance with the terms of the applicable Originator Sale Agreement in exchange for payment (made by the applicable Seller Party to such Originator in accordance with the provisions of the applicable Originator Sale Agreement) of cash, in an amount which constituted fair market value.
If on any day it is determined that any of the representations or warranties in Section 4.1 (Representations and warranties of the Seller) was untrue with respect to a Portfolio Receivable, the Seller shall be deemed to have received on such day a Collection of such Portfolio Receivable in an amount equal to the Unpaid Balance thereof.
If on any day a Portfolio Receivable or any part thereof becomes a Diluted Receivable, the Seller shall be deemed to have received on such day a Collection of such Portfolio Receivable in the amount of such Diluted Receivable or part thereof.
The Administrative Agent hereby irrevocably grants a power of attorney to the New Dutch Originator to, on its behalf and where applicable, apply for a VAT refund in respect of any Portfolio Receivable that is owned by it that has become uncollectible under the VAT Bad Debt Relief Scheme.
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.
F-23 WEST CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) YEARS ENDED DECEMBER 31, 2008, 2007 AND 2006 Portfolio Receivable Financing: As discussed in Note 7, Portfolio Notes Payable, on May 21, 2008, we entered into a series of agreements with TOGM, LLC (“TOGM”) pursuant to which TOGM would finance up to 80% of the purchase price of selected receivables portfolios.
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.
Although the dress code was gradually relaxed and women had more rights in their “personal space,” President Khatami did not fulfill the expectations of women, such as integrating more women into the political establishment (Amuzegar 2004: 80-81).