Retained Receivable definition

Retained Receivable has the meaning provided in the First Tier Agreement.

Retained Receivable means: (i) any receivable owed by an obligor which is an Affiliate of any Originator, or (ii) a receivable owed by any of the obligors listed on Schedules IV or 1.01(c) of the Disclosure Letter.

Retained Receivable means all of BofI’s right, title and interest in and to any (i) Receivable to the extent not yet Participated hereunder and (ii) any Participated Receivable solely to the extent of the BofI Percentage Interest in such Participated Receivable.

Examples of Retained Receivable in a sentence

• The Custodian hereby acknowledges receipt of the Receivables Files for (i) each Eligible Receivable conveyed to the Seller and (ii) each Retained Receivable on the date hereof.

• It is imperative that the USER transmits its need to the Purchasing Office.

• The Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Retained Receivable or accept in satisfaction of a Retained Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, the Grantor may reduce the amount of Retained Receivables in accordance with its present policies and in the ordinary course of business.

• The Grantor and the Subordinated Collateral Agent recognize that setoffs, counterclaims, defenses and other claims may be asserted by obligors with respect to certain of the Retained Receivables, that certain of the Retained Receivables may be or become uncollectible in whole or in part and that the expense and probability of success in litigating a disputed Retained Receivable may exceed the amount that reasonably may be expected to be recovered with respect to a Retained Receivable.

• The payment by an account debtor shall be applied to the Retained Receivable of such account debtor in inverse order of aging, commencing with the oldest invoice, unless the account debtor's payment specifically identifies the Retained Receivable for which such payment is being made.

More Definitions of Retained Receivable

Retained Receivable means: (i) any receivable owed by an obligor which is an Affiliate of any Originator, or (ii) a receivable owed by any of the obligors listed on Schedule IV of the Disclosure Letter.

Retained Receivable means a Receivable owed by any of the Obligors listed on Schedule IV hereto.

Retained Receivable means a Receivable that meets all of the following criteria: (i) the Obligor of such Receivable is identified on Schedule IV hereto and (ii) such Receivable meets the additional criteria (if any) specified on such Schedule IV as being applicable to Receivables owing by such Obligor; provided that such Schedule IV may be amended or supplemented from time to time only by a written agreement executed by the Originators, the SPV, the Agent and each Managing Agent (each, in its sole discretion), substantially in the form of Exhibit A hereto or such other form acceptable to the Agent and the Managing Agents.

Retained Receivable shall have the meaning provided in Section 2.1. In general, Retained Receivables shall be those receivables that are rejected by the Purchaser and retained by the Seller pursuant to Section 2.1.

Retained Receivable means, a Receivable in existence on or after the Effective Date which is owed by an Obligor appearing on Schedule IV, to the extent such Receivable has been assigned the corresponding payer identification number appearing on such Schedule IV and to the extent related to Ashland’s “water treatment” line of business as designated by the identifier “AHWT” on Ashland’s internal books and records.

Retained Receivable means, a Receivable in existence on or after the Closing Date which is owed by an Obligor appearing on Schedule IV, to the extent such Receivable has been assigned the corresponding payer identification number appearing on such Schedule IV.

Retained Receivable as defined in Section 2.2(j).