Purchased Receivables definition

Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.
Purchased Receivables means all Receivables which are the subject of any sale and purchase (or any purported sale and purchase) pursuant to Clause 2.2 of this Agreement and any other Receivables in respect of which the Receivables Purchase Price has been paid or will be paid by the Purchaser to the Seller.
Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance. 1.14. "Refund" shall have the meaning set forth in Section 3.5 hereof. 1.15. "Reserve" shall have the meaning set forth in Section 2.4 hereof. 1.16. "Repurchase Amount" shall have the meaning set forth in Section 4.2 hereof. 1.17. "Reconciliation Date" shall mean the last calendar day of each Reconciliation Period. 1.18. "Reconciliation Period" shall mean each calendar month of every year.

Examples of Purchased Receivables in a sentence

  • The MPR indicates the monthly principal repayments on the portfolio of Purchased Receivables in a given month expressed as a percentage of the portfolio of Purchased Receivables outstanding at the beginning of that particular month.

  • The Purchased Receivables consist in any outstanding Receivables that have been purchased by the FCT from the Seller on the Closing Date and on any subsequent Purchase Date and which have not been reassigned to the Seller.

  • The MPR, when applied monthly on the outstanding portfolio of the Purchased Receivables balance, allows to calculate the monthly principal repayments.

  • Description The Pool comprises the Purchased Receivables and Ancillary Rights and Related Security attached thereto assigned to the FCT from time to time.

  • The model does not purport to be either an historical description of the prepayment experience, default experience or recovery experience of any pool of loans nor a prediction of the expected rate of prepayment or of default or of recovery of any portfolio, including the portfolio of Purchased Receivables.


More Definitions of Purchased Receivables

Purchased Receivables means now owned or hereafter existing Receivables sold, purported to be sold, transferred or contributed or purported to be transferred or contributed by WESCO or any other Originator to the Receivables Seller under the Receivables Purchase and Sale Agreement.
Purchased Receivables accounts receivable purchased by the Company or any of its Subsidiaries from third parties and not originally created by the sale of goods or services by the Company or any of its Subsidiaries.
Purchased Receivables means all Receivables arising out of the invoices and other agreements identified on or delivered with any Schedule of Accounts delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.
Purchased Receivables means, with respect to an Initial Account or Additional Account, the principal amounts shown on the Servicer's records as amounts payable by the related Dealer (and interest accrued thereon), from time to time in respect of advances made by DCS to such Dealer prior to the Cut-Off Date or the applicable Additional Cut-Off Date, as the case may be, or advances made by DaimlerChrysler to such Dealer and purchased by DCS prior to the Cut-Off Date or the applicable Additional Cut-Off Date, as the case may be, in each case to finance the acquisition of Vehicles by such Dealer, in which an interest has been sold, transferred, assigned or otherwise conveyed by DCS prior to the Cut-Off Date or the applicable Additional Cut-Off Date, as the case may be, to any Person other than DCS, CARCO or the Trust.
Purchased Receivables means the Initial Receivables and the Additional Receivables.
Purchased Receivables means for any Purchase all those Receivables arising out of the invoices and other agreements identified on the Schedule for such Purchase.
Purchased Receivables means each and every Receivable originated by the Originator now existing or hereafter prior to the Originator Termination Date.