Receivable Repurchase Event definition
Receivable Repurchase Event means (a) with respect to any Receivable, the failure of such Receivable to satisfy the Eligibility Criteria as of the Credit Date on which such Receivable was first reflected in a Borrowing Base Certificate, or (b) any required repurchase of a Receivable pursuant to Section 3.2 of the Purchase Agreement or Section 3.2 of a Bank Partner Sale Agreement, as applicable.
Receivable Repurchase Event means the failure of any Receivable to be an Eligible Receivable at the time the seller transfers it to the trust, if that failure has a material adverse effect on the investors' interest in the Receivables as a whole and the seller does not cure that failure within 60 days of:
Receivable Repurchase Event shall have the meaning specified in Section 2.07(a).
Examples of Receivable Repurchase Event in a sentence
The Borrower shall not sell Receivables, except (a) in accordance with Section 5.15 or (b) in connection with a Receivable Repurchase Event, in each case in connection with which a prepayment is made as required by Section 2.10.
More Definitions of Receivable Repurchase Event
Receivable Repurchase Event means (i) with respect to any Receivable, the failure of such Receivable to satisfy the Eligibility Criteria at the time of its pledge under the Security Agreement, (ii) any required repurchase of a Receivable pursuant to Section 3.2 of the Purchase Agreement or (iii) any required repurchase of a Post-Petition Receivable pursuant to Section 5.14.
Receivable Repurchase Event means any required repurchase of a Receivable pursuant to Section 3.01(b) of the Purchase Agreement.
Receivable Repurchase Event shall have the meaning ascribed thereto in the Pooling Agreement.
Receivable Repurchase Event means the occurrence of any of
Receivable Repurchase Event means the occurrence of any of the following:
Receivable Repurchase Event shall have the meaning set forth in Section 6.05(c) hereof.
Receivable Repurchase Event shall have the meaning specified in Section