Receivables definition
Examples of Receivables in a sentence
The Seller shall maintain (or in its capacity as Servicer under the Loan Agreement shall maintain) its computer systems so that, from time to time after any conveyance under this Agreement of Transferred Receivables, the master computer records (including any backup archives) that refer to any such Receivable shall indicate clearly the interests of Purchaser (or any subsequent assignee of Purchaser) in such Receivable and that such Receivable is owned by such Person.
Notwithstanding anything to the contrary contained in the Loan Documents, in no event shall this Section 6.06 permit the Borrower or any other Loan Party to dispose of, contribute or otherwise transfer (whether as an in-kind investment or otherwise) (x) any Material Intellectual Property or the equity interests of any Person that owns any Material Intellectual Property or (y) any Receivables, in each case, to any Person other than the Borrower or any other Loan Party.
Such Transferred Receivable was, at the time of its sale to the Purchaser pursuant to Section 2.1 (Conveyance of Receivables) above, an Eligible Receivable.
There is no limitation on the number or aggregate principal amount of Affected Receivables that the Seller may be so required to correct, cure or repurchase.
Any payments made on such Transferred Receivable have been applied as required by the applicable Medallion Loan Agreement or as otherwise required by Applicable Law and are reflected (if applicable) in the Outstanding Balance set forth on the applicable Receivables Schedule.