Purchased Batch definition
Examples of Purchased Batch in a sentence
In the event the Purchaser receives the Repurchase Price for any such Purchased Receivable and it is thereafter determined that the failure of such Purchased Receivable to be paid in full was not the result of a breach of representation or warranty contained herein, the parties hereto shall make an appropriate adjustment by increasing the Purchase Price of any Purchased Batch to be purchased on or after such date.
The Primary Servicer shall remit the proceeds of the Purchase Price of the Purchased Batch to each Provider in accordance with their respective interests.
Each of the Provider and the Purchaser agrees and consents that the Daiwa Group may apply any payment it receives against a Purchased Batch if the Daiwa Group is unable in good faith (after making reasonable attempts to contact the Provider) to determine from the information in the EOB whether such payment relates to a Purchased Batch.
The Purchaser shall (x) pay to the Primary Servicer for the benefit of the Providers, at the Primary Servicer Account, an amount equal to the Purchase Price of the Purchased Batch, and (y) record on the books and records of the Purchaser the capital contribution with respect to those Receivables contributed to the capital of the Purchaser in such Transferred Batch, in each case, promptly and in no event later than seven Business Days after the applicable Transfer Date for such Batch.
The Provider agrees and consents that the Purchaser Group may apply any payment it receives from an Obligor against a Purchased Batch if the Purchaser Group is unable in good faith (after utilizing reasonable efforts to consult with the Provider) to determine from the information in the EOB whether such payment from an Obligor relates to a Purchased Receivable.
The Provider and the Purchaser have structured the transactions contemplated by this Agreement with respect to each Purchased Batch as a sale, and the Provider and the Purchaser agree to treat each such transaction as a sale for all purposes, including, without limitation, in their respective books, records, computer files, tax returns (federal, state and local), regulatory and governmental filings (and shall reflect such sale in their respective financial statements).
Purchaser shall become the absolute owner of such Purchased Batch and of all the proceeds thereof, shall enjoy all the Provider's rights and remedies with respect to the Purchased Batch and shall become subrogated to the Provider with respect to the Provider's rights under any guaranty, assignment or security for the payment of any Purchased Receivable, except as limited by Medicare and Medicaid laws.
The balance of the Warranted Collection Value of a Purchased Receivable or Purchased Batch unpaid from time to time.
The Provider will pay all taxes (other than taxes directly relating to the income of the Purchaser), if any, relating to the transactions contemplated under this Agreement, including, without limitation, the purchase and transfer of each Purchased Batch to the Purchaser.
Each of the Providers and the Purchaser agrees and consents that the Daiwa Group may apply any payment it receives from an Obligor or any other payor against a Purchased Batch if the Daiwa Group is unable in good faith (after making reasonable attempts to contact the applicable Provider) to determine from the information in the EOB whether such payment relates to a Purchased Batch.