Receivables Sellers definition
Examples of Receivables Sellers in a sentence
Notwithstanding anything to the contrary contained in this Section, any changes to the Receivables Documents which relate to the Company's and/or any other Receivables Seller's servicing or origination of Receivables Program Assets shall be permitted.
The Receivables are being transferred with the intention of removing them from the Receivables Seller's estate pursuant to Section 541 of the Bankruptcy Code, as the same may be amended from time to time.
The Receivables Seller is duly qualified to do business as a foreign corporation in good standing and has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially adversely affect the Receivables Seller's ability to transfer the Collateral to the Issuer pursuant to this Agreement, or the validity or enforceability of the Collateral or to perform the Receivables Seller's obligations hereunder and under the Basic Documents.
The TC Parties, the Utility, the Receivables Parties and the Receivables Sellers shall each have the right to request an accounting from time to time, but no more frequently than once monthly, of collections, allocations and remittances by the Receivables Agent relating to the Deposit Accounts.
The Administrator shall enforce the Depositor's obligations pursuant to the Receivables Pooling Agreement, and the Receivables Seller's and the Servicer's obligations pursuant to the Receivables Sale Agreement, on behalf of the Issuer and the Indenture Trustee.