Receivables Systems definition

Receivables Systems means the computer applications involved in the origination, collection, management or servicing of the Receivables.
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Receivables Systems means, with respect to any Person, all computer applications of such Person (including, but not limited to, those of any suppliers, vendors, customers and any third party Servicers of such Person), which are related to or involved in the origination, collection, management or servicing of the Receivables.
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Receivables Systems has the meaning specified in Section 9.1(p).
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Examples of Receivables Systems in a sentence

  • The Seller (i) has completed a review and assessment of all the Receivables Systems and (ii) has determined that such Receivable Systems are Year 2000 Compliant or will be Year 2000 Compliant on or before September 30, 1999 and thereafter.

  • The Debtor shall promptly notify the Collateral Agent in the event the Debtor acquires or begins operating Receivables Systems or other computer applications.

  • The Collateral Agent (i) has completed a review and assessment of its Receivables Systems and (ii) has determined that such Receivables Systems are and will continue to be Year 2000 Compliant.

  • The Servicer is taking action to ensure that the --------- Receivables Systems will be Year 2000 Compliant.

  • The Servicer is taking action to ensure ------------------- that the Receivables Systems will be Year 2000 Compliant.

  • Subject to the following paragraph, the Servicer (i) has completed a review and assessment of all Receivables Systems (including, but not limited to those of its Subsidiaries, suppliers, vendors and third-party servicers), and (ii) has determined that the Receivable Systems are Year 2000 Compliant or will be Year 2000 Compliant on or before June 1, 1999, and thereafter.

  • The Debtor relies exclusively on the Receivables Systems of the Collection Agent, does not have any Receivables Systems or computer applications of its own and does not have any Receivables Systems that need to be Year 2000 Compliant.

  • The Debtor will implement a plan to ensure that all "mission critical" operations of the Receivables Systems are Year 2000 Compliant or will be Year 2000 Compliant on or before June 30, 1999, and thereafter.

  • Subject to the following paragraph, the Debtor (i) has completed a review and assessment of all Receivables Systems (including, but not limited to, those of its suppliers, vendors and third-party servicers), and (ii) has determined that the Receivable Systems are Year 2000 Compliant or will be Year 2000 Compliant on or before June 1, 1999, and thereafter.

  • The Collection Agent will implement a plan to ensure that all "mission critical" operations of the Receivables Systems are Year 2000 Compliant or will be Year 2000 Compliant on or before June 30, 1999, and thereaf ter.


More Definitions of Receivables Systems

Receivables Systems means, with respect to any Person, all computer applications of such Person (including, but not limited to, those of any suppliers, vendors, customers and any third party servicers of such Person), which are related to or involved in the origination, collection, management or servicing of the Receivables.
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Receivables Systems shall have the meaning assigned to such term in Section 9.01(vii).
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Receivables Systems has the meaning specified in Section 3.3(l) hereof.
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Related to Receivables Systems

  • Receivables Program means, with respect to any Person, any accounts receivable securitization program pursuant to which such Person pledges, sells or otherwise transfers or encumbers its accounts receivable, including a trust, limited liability company, special purpose entity or other similar entity.

  • Receivables Sale Agreement means that certain Receivables Sale Agreement, dated as of the Closing Date, by and among the Originators and Seller, as amended, restated, supplemented or otherwise modified from time to time.

  • Receivables Entity means a wholly-owned Subsidiary of the Company which engages in no activities other than in connection with the financing of accounts receivable of the Receivables Sellers and which is designated (as provided below) as the “Receivables Entity” (a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by the Company or any other Subsidiary of the Company (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness)) pursuant to Standard Securitization Undertakings, (ii) is recourse to or obligates the Company or any other Subsidiary of the Company in any way (other than pursuant to Standard Securitization Undertakings) or (iii) subjects any property or asset of the Company or any other Subsidiary of the Company, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings, (b) with which neither the Company nor any of its Subsidiaries has any contract, agreement, arrangement or understanding (other than pursuant to the Permitted Receivables Facility Documents (including with respect to fees payable in the ordinary course of business in connection with the servicing of accounts receivable and related assets)) on terms less favorable to the Company or such Subsidiary than those that might be obtained at the time from persons that are not Affiliates of the Company, and (c) to which neither the Company nor any other Subsidiary of the Company has any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results. Any such designation shall be evidenced to the Administrative Agent by filing with the Administrative Agent an officer’s certificate of the Company certifying that, to the best of such officer’s knowledge and belief after consultation with counsel, such designation complied with the foregoing conditions.

  • Receivables Securitization any financing pursuant to which accounts receivable of the Borrower or any of its Subsidiaries are (or are purported to be) sold or pledged, which financing shall be non-recourse (except for customary limited recourse provisions) to the Borrower and its Subsidiaries.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.