Examples of Receivables Assets in a sentence
Funding Trust II shall reflect sales of the Receivables Assets hereunder on the books and records maintained by Funding Trust II as sales of assets, and shall treat such sales as sales for all purposes.
None of the Receivables Assets is subject to any Lien other than Permitted Liens.
It is Funding Trust II's intention to convey its entire rights, title and interest in the Receivables Assets or other assets related thereto acquired from National Financial Auto Receivables Master Trust pursuant to the Assignment Agreement.
The sale and purchase of Receivables and the other Receivables Assets under this Agreement shall be without recourse to Funding Trust II.
Financial assetsFinancial assets are classified into two types: Loans & Receivables: Assets that have fixed or determinable payments but arenot quoted in an active market.Available-for-sale Assets: Assets that have a quoted market price and/or do nothave fixed or determinable payments.Loans and receivablesLoans and receivables are initially measured at fair value and carried at their amortised cost.