Qualifying Receivables definition

Qualifying Receivables means Receivables which, at the relevant time:
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Qualifying Receivables means the right of IMFI (or any other current or future Subsidiary of the Issuer carrying out the same business as IMFI) to receive scheduled instalment payments from borrowers on secured loans provided by IMFI (or any other current or future Subsidiary of the Issuer carrying out the same business as IMFI) in the ordinary course of business;
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Qualifying Receivables means indebtedness and other obligations owed to the Company or any Subsidiary, whether constituting accounts, chattel paper, instruments or general intangibles, arising in connection with the sale of semi-trailers and related parts and services by the Company or such Subsidiary to commercial customers, including, without limitation, the obligation to pay any finance charges with respect thereto.
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Examples of Qualifying Receivables in a sentence

  • Id. Nicor proposes that any Q-AGS electing to have Nicor purchase its receivables is required, by Rider 17, to sell to the Company such Q-AGS’ Qualifying Receivables for(a) all eligible residential customers and all eligible non-residential customers, (b) all eligible residential customers only, or (c) all eligible non-residential customers only.

  • Id. Second, a Q-AGS electing service under Rider 17 will pay a Discount Factor of 1.5%, which includes 0.5% for CRCs, as applied to Qualifying Receivables purchased by Nicor from the Q-AGS.

  • You are expressly prohibited from sublicensing use of the Services to third parties.

  • As explained in the tariff, Qualifying Receivables means that “such receivables have arisen from providing gas supply to Customer Select Participants who were, at the time immediately prior to entering the program, or during the prior billing period, not in arrears with either the Company or the Q-AGS.” See Nicor Gas Ex. 2.2 at Sheet 75.9.5. This means that Q- AGS will not be able to bring older, difficult to collect, bad debt into the PORCB program.

  • The sample title transfer document(s) that Nicor intends to require any Q-AGS to complete in order to effectuate the sale of Qualifying Receivables as a prerequisite of service under Rider 17 should be available for review by all parties to this proceeding.

  • It is understood and agreed by the parties hereto that (i) sales of Qualifying Receivables in connection with Qualifying Securitization Transactions, and (ii) intercompany loans and transactions that are reasonably related to Qualifying Securitization Transactions shall not be deemed to violate this paragraph 6B(7).

  • Rider 17 also provides the methodology and terms under which the Company is provided with full recovery of the costs it incurs to provide service under this Rider, including the costs of any uncollected receivables that may arise as a result of the purchase of Qualifying Receivables.

  • Second, a Q-AGS electing service under Rider 17 will pay a Discount Factor of 1.5%, which includes 0.5% for CRCs, as applied to Qualifying Receivables purchased by Nicor Gas from the Q-AGS.Q-AGS’ eligible customers also will be subject to some costs and credits.

  • Mudra Director, Finance and Rates Post Office Box 190Aurora, Illinois 60507Northern Illinois Gas Company Ill.C.C. No. 16 – Gasd/b/a Nicor Gas Company Original Sheet No. 75.9.7 Rider 17Purchase of Receivables with Consolidated Billing (PORCB) (Continued From Sheet No. 75.9.6) receivables tendered for sale by the Q-AGS to the Company pursuant to this Rider qualify as Qualifying Receivables; and 5.

  • Id. Second, a Q-AGS electing service under Rider 17 will pay a Discount Factor of 1.5%, which includes 0.5% for CRCs, as applied to Qualifying Receivables purchased byNicor from the Q-AGS.


More Definitions of Qualifying Receivables

Qualifying Receivables means, as of any date of determination, Receivables that (a) are not more than 30 days past due with respect to 90% or more of a Scheduled Receivable Payment, (b) the Servicer has not determined the Obligor with respect thereto is unlikely to continue making payments, and (c) are not Defective Receivables.
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Qualifying Receivables means any receivables of the Group Companies which:
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Qualifying Receivables means the Book Debts that are listed in Schedule 15;
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Qualifying Receivables means, at any date of determination, the aggregate value of Eligible Accounts Receivable, less the sum of without duplication (a) ---- the amount of any reserves established by a Borrower, relating to Eligible Account Receivables in accordance with the higher of (i) historical practices in effect as of the Closing Date with respect to Accounts and (ii) actual reserves taken and (b) the amount of Eligible Accounts Receivable equal to a dilution estimate (expressed as a percentage of total Eligible Accounts Receivable) prepared by Holdings in good faith and consistent with recent historical performance.
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Qualifying Receivables means the Accounts Receivable which are collected by the Purchaser and its Affiliates within 120 days of the Closing Date;
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Related to Qualifying Receivables

  • Eligible Receivables means and include with respect to each Borrower, each Receivable of such Borrower arising in the Ordinary Course of Business and which Agent, in its sole credit judgment, shall deem to be an Eligible Receivable, based on such considerations as Agent may from time to time deem appropriate. A Receivable shall not be deemed eligible unless such Receivable is subject to Agent’s first priority perfected security interest and no other Lien (other than Permitted Encumbrances), and is evidenced by an invoice or other documentary evidence satisfactory to Agent. In addition, no Receivable shall be an Eligible Receivable if:

  • Subject Receivables means, for any Asset Representations Review, all Receivables outstanding and held by the Issuer that are more than 60 days delinquent as of the first day on which the Review Conditions are satisfied.

  • 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.

  • Eligible Accounts Receivable means only such accounts receivable of the Borrower as the Bank, in its sole discretion, shall deem eligible. Without limiting the discretion of the Bank to consider any account receivable not to be an Eligible Account Receivable, and by way of example only of the types of accounts receivable that the Bank will consider not to be Eligible Accounts Receivable, notwithstanding any earlier classification of eligibility, the following accounts receivable shall not be considered Eligible Accounts Receivable: (i) any account receivable which is not paid in full within 90 days after it is created; (ii) any account receivable as to which any warranty is breached; (iii) any account receivable as to which the account debtor or other obligor disputes liability or makes any claim; (iv) any account receivable owed by any officer, director or shareholder of the Borrower or any of their relatives or any partnership, corporation, association, joint venture or other business entity wholly or partly owned or controlled directly or indirectly by the Borrower or any of them or any of their relatives; (v) any account receivable owed by any person as to whom a petition in bankruptcy or other application for relief is filed under any bankruptcy, reorganization, receivership, moratorium, insolvency or s law; (vi) any account receivable owed by any person who makes an assignment for the benefit of creditors, becomes insolvent, fails, suspends business, or goes out of business; (vii) any account receivable owed by the United States government or any agency of the United States government; (viii) any account receivable owed by any person if 10% or more in amount of the accounts receivable owed by such person to the Borrower are considered ineligible; (ix) consignment receivables; (x) bonded receivables; (xi) any account receivable constituting a retainage; (xii) any account receivable for goods which have not been shipped or work which has not been fully performed; (xiii) any account receivable owed by any person outside the United States of America, except account debtors approved in writing by the Bank (approved foreign account debtors are described on Exhibit B) ; (xiv) any account receivable owed by any person with whose creditworthiness the Bank becomes dissatisfied; and (xv) any account receivable in which the Bank does not have a perfected security interest constituting a first hen. In the event the Borrower owes any amount to any person that owes an account receivable to the Borrower, such amount owed by the Borrower shall be deducted from that portion of the account receivable which would otherwise qualify as an Eligible Account Receivable and only the difference thereof shall be considered an Eligible Account Receivable. No account receivable which does not qualify as an Eligible Account Receivable shall be considered an Eligible Account Receivable unless the Bank, upon the written request of the Borrower, states in writing that such account receivable is to be considered an Eligible Account Receivable.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Ineligible Receivables shall have the meaning specified in subsection 2.05(a).

  • Intercompany Receivables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are receivable by the Acquired Companies, on the one hand, from Seller or any of its Affiliates (other than the Acquired Companies), on the other hand.

  • Accounts Receivable means in respect of any Person, (a) all trade accounts and notes receivable and other rights to payment from customers and all security for such accounts or rights to payment, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or otherwise disposed of or services rendered to customers, (b) all other accounts and notes receivable and all security for such accounts or notes, and (c) any claim, remedy or other right relating to any of the foregoing.

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Review Receivables means those certain Receivables identified by the Servicer to the Asset Representations Reviewer following receipt of a Review Notice as not having been paid in full by the Obligor or purchased from the Issuer in accordance with the terms of the Basic Documents at or prior to the date of such Review Notice.

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Account Receivable means, with respect to any Person, any and all rights of such Person to payment for goods sold and/or services rendered, including accounts, general intangibles and any and all such rights evidenced by chattel paper, instruments or documents, whether due or to become due and whether or not earned by performance, and whether now or hereafter acquired or arising in the future, and any proceeds arising therefrom or relating thereto.

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Amounts receivable by the Trust in a foreign currency shall be reported to the Evaluator who shall convert the same to U.S. dollars based on current exchange rates, in the same manner as provided in Section 4.01(b) or 4.01(c), as applicable, for the conversion of the valuation of foreign Equity Securities, and the Evaluator shall report such conversion with each Evaluation made pursuant to Section 4.01."

  • Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).

  • Initial Receivables means any Receivable conveyed to the Trust on the Closing Date.

  • Eligible Receivable means, at any time, a Receivable:

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Review Receivable has the meaning designated in Section 1.02 of the Asset Representations Review Agreement.

  • Current Receivable means each Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

  • Initial Receivable means each Contract related to a Financed Vehicle transferred to the Issuer pursuant to Section 2.1, which, as of the Closing Date, is listed on Schedule A (which Schedule A may be in the form of an electronic file), and all rights and obligations thereunder, except for Initial Receivables that shall have become Purchased Receivables or Sold Receivables.

  • Eligible Unbilled Receivable means, at any time, any Unbilled Receivable if (a) the related Originator has recognized the related revenue on its financial books and records under GAAP, and (b) not more than thirty (30) days have expired since the date such Unbilled Receivable arose.

  • Excluded Receivable means all indebtedness and other obligations owed to Originator or in which Originator has a security interest or other interest (including, without limitation, any indebtedness, obligation or interest constituting an account, chattel paper, instrument or general intangible) arising in connection with the sale of merchandise or the rendering of services by Originator and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto: