Receivables Advances definition

Receivables Advances means any and all Advances made under (as such term is defined in) the Receivables Funding Agreement.
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Receivables Advances. Advances or repayments with respect to Receivables Advances (as per the applicable Incremental Receivables Advance Amount and Incremental Receivables Repayment Amount).
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Examples of Receivables Advances in a sentence

  • As an administrative convenience, the Servicer will be permitted to make the deposit of collections on the Receivables, Advances and Purchase Amounts for or with respect to the Collection Period net of distributions (including without limitation the Servicing Fee) to be made to the Servicer with respect to the Collection Period.

  • As an administrative convenience, for so long as BMW FS is the Servicer, the Servicer shall be permitted to deposit into the Collection Account collections on the Receivables, Advances and Purchase Amounts for or with respect to the Collection Period net of distributions (including without limitation the Servicing Fee) to be made to the Servicer with respect to the Collection Period.

  • Such policy or policies shall be in the amount of the Receivables Advances made against or, in the case of substitutions, a portion of the Receivables Loan attributable to the Instruments secured by the insured Purchaser Mortgages and shall be issued by a title insurer and be in form and substance satisfactory to Lender in its sole discretion.

  • In the absence of manifest error, such records and schedule shall be conclusive as to the outstanding principal amount of all Receivables Advances and the payment of interest accrued hereunder; provided, that the failure to make any such record entry with respect to any Receivables Advance or payment shall not limit or otherwise affect the obligations of the Debtor under this Agreement, the Receivables Note or any other Security Document.

  • Borrower shall cause the Receivables Subsidiary on the Closing Date to apply the entire amount of the Initial Capital Contribution to the repayment of outstanding Receivables Advances in the aggregate principal amount of $15,000,000 to create additional availability under the Receivables Funding Agreement.

  • Borrower shall cause the Receivables Subsidiary after the Closing Date, but prior to the Post-Closing Borrowing Date, to apply the entire amount of the Subsequent Capital Contribution to the repayment of outstanding Receivables Advances in the aggregate principal amount of $10,000,000 in order to enable the Receivables Subsidiary to avoid a Funding Excess after giving effect to the Payroll Reserve (as such terms are defined in Annex X to the Receivables Funding Agreement) .

  • As used in this Agreement, the following terms shall have the following respective meanings set forth below or set forth in the Section referred to following such term: ADVANCE -- means the Receivables Advances.

  • The Lender agrees, pursuant to the terms of this Agreement and subject to the satisfaction of the conditions precedent in Section 6 of this Agreement, to make one or more Receivables Advances to the Debtor from time to time during the Receivables Commitment Period, provided that at such time (and after giving effect to any Receivables Advance currently then to be made) the aggregate outstanding principal amount of all Receivables Advances shall not exceed the Receivables Borrowing Base.

  • As an administrative convenience, the ------------ Servicer will be permitted to make the deposit of collections on the Receivables, Advances and Purchase Amounts for or with respect to the Collection Period net of distributions to be made to the Servicer with respect to the Collection Period.

  • Any excess shall than be applied to any outstanding Revolving Receivables Advances and to any other Obligations outstanding.