Scottish Receivables definition

Scottish Receivables means all Purchased Receivables which are governed by or otherwise subject to Scottish law (including, without limitation, those arising under Financing Contracts in respect of which the address for invoicing of the relevant Obligor is situated in Scotland) and all rights (other than Excluded Amounts) of the Seller under the Financing Contracts from which those Purchased Receivables are derived including (without limitation) all Ancillary Rights.
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Scottish Receivables means all rights of a Scottish Loan Party (as defined in Section 2.15) to receive payment under any contract governed by Scottish law entered into by that Scottish Loan Party.
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Scottish Receivables means all Purchased Receivables which are governed by or otherwise subject to Scottish law (including, without limitation, those arising under Financing Contracts in respect of which the address for invoicing of the relevant Obligor is
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Examples of Scottish Receivables in a sentence

  • Following the assignment or, in respect of the Scottish Receivables the holding on trust of the Receivables arising on Designated Accounts to or for the Receivables Trustee, The Royal Bank of Scotland plc and RBS Advanta will continue to have contractual relationships with the Obligors on the terms set out in the Card Agreements and accordingly will continue to be grantors of credit in respect of both Existing Receivables and Future Receivables.

  • This Deed and all non-contractual obligations arising out of or in connection with it are governed by and construed in accordance with English law provided that a release of Scottish Receivables from trust shall be construed in accordance with Scots law.

  • Legal title to the Scottish Receivables will accordingly remain with the Sellers because no formal assignation thereof duly intimated to the relevant Obligors will be made.

  • This Deed and all non-contractual obligations arising out of or in connection with it are governed by and shall be construed in accordance with English law provided that a release of Scottish Receivables from trust and shall be construed in accordance with Scots law.

  • The Sellers will declare a trust (the "Scottish Trust") in favour of the Issuer over Purchased Receivables derived from Financing Contracts governed by the law of Scotland ("Scottish Receivables") and the Issuer will be the beneficiary under the Scottish Trust.

  • If A▇▇▇▇▇▇▇▇ has agreed that a Client can assign Scottish Receivables to A▇▇▇▇▇▇▇▇ then this Clause 11 will apply.

Related to Scottish Receivables

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Subject Receivables means, for any Asset Representations Review, all Receivables outstanding and held by the Issuer that are more than 60 days delinquent as of the first day on which the Review Conditions are satisfied.

  • Initial Receivables means the Receivables transferred to the Trust on the Closing Date as set forth on the Schedule of Receivables attached to the Initial SSA Assignment.

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.