Receivables definition
Examples of Receivables in a sentence
Except as otherwise specified herein or as the context may otherwise require, capitalized terms used but not otherwise defined herein are defined in Part I of Appendix A to the Receivables Purchase Agreement, dated as of the date hereof (the “Receivables Purchase Agreement”), among Carvana, LLC as the seller and Carvana Receivables Depositor LLC as the purchaser.
All demands, notices and communications upon or to the parties or the Rating Agencies shall be delivered as specified in Part III of Appendix A of the Receivables Purchase Agreement.
The Administrative Agent and its counsel (including regulatory counsel) shall have received all documents and information necessary to complete a regulatory review of the Bank Partner Originated Receivables (including with respect to potential future Additional Bank Partner Originators), the Contracts, Bank Partner Program Agreements and Bank Partner Sale Agreements relating thereto, and the origination, acquisition and servicing thereof.
The Servicer hereby accepts such appointment and authorization and agrees to perform the duties of Servicer with respect to the Receivables set forth herein.
The Administrative Agent shall have the right to review and adjust any such calculation of the Borrowing Base to reflect exclusions from Eligible Receivables, Reserves or such other matters as are necessary to determine the Borrowing Base, but in each case, only to the extent the Administrative Agent is expressly provided such discretion by this Agreement and provides written notice to the Borrower of any such adjustment.