Examples of Repurchased Receivables in a sentence
The State may only suspend or terminate this demonstration in whole, or in part, consistent with the following requirements.
The Servicer is hereby authorized to act as agent for the Issuer and in such capacity shall manage, service, administer and make collections on the Receivables (other than Repurchased Receivables) with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to comparable new or used automobile receivables that it services for itself.
Amounts paid by the Seller or the Servicer in respect of Repurchased Receivables shall be allocated as if the Obligor thereof had prepaid such Receivable in full on the date as of which such Receivable was repurchased by the Seller pursuant to Section 3.2 or purchased by the Servicer pursuant to Section 4.6 or 9.1.
The Assignee hereby acknowledges receipt from the Assignor of the Repurchased Receivables and other property described above, and the Assignor hereby acknowledges receipt from the Assignee of the Repurchase Price.
The Assignor hereby acknowledges receipt from the Assignee of the Repurchase Price for the Repurchased Receivables pursuant to the terms of the COAF Re-Assignment.