Securitization Receivables definition

Securitization Receivables has the meaning specified in the definition of “Securitization Transaction”.

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Securitization Receivables means, as of any date, all right, title and interest in and to the Receivables arising from time to time in the Securitization Accounts and Related Assets with respect thereto.

Securitization Receivables means, as of any date, the undivided interest in the Gross Receivables that have been transferred to the Trust and that have not been reassigned to NCI as the seller under the Receivables Purchase Agreement.

Examples of Securitization Receivables in a sentence

• If such costs and expenses are not paid by the Company within 30 days of submission, the Existing Lender may pay such costs and expenses from Available Cash Flow from Securitization Receivables and payments on Pledged Loans, in which event appropriate adjustments shall be made to such Existing Lender's and each Other Residual Lender's Allocable Share of Available Cash Flow from Securitization Receivables as if such costs and expenses were paid by the Company as Operating Expenses.

• Further, any Securitization Receivables shown as owned by the Partnership, the Company or any Related Company on Section 4.26 of the Seller Disclosure Schedule are and will be treated as owned for tax purposes.

• If such fees are not paid by the Company within 30 days of submission, the Existing Lender may pay such fees from Available Cash Flow from Securitization Receivables and payments on Pledged Loans.

• Neither the Agent nor any Lender shall object to or contest in any manner the receipt of any payment by the Securitization Agent and/or any Secured Party with respect to the Securitization Collateral in accordance with the terms of the Transaction Documents for the satisfaction of the Obligations (as defined in the Securitization Receivables Purchase Agreement).

• Seller shall use its reasonable best efforts to obtain and disclose to Buyer as promptly as practicable the estimate prepared by the appropriate trustee or other third party of the future taxable income for the period January 1, 2001 through the scheduled maturity of the modeled Securitization Receivables owned by the Acquired Persons or included in the Purchased Investment Assets as of January 1, 2001.

More Definitions of Securitization Receivables

Securitization Receivables means, as of any date, the collective reference to the Prime Securitization Receivables and the Prime II Securitization Receivables.

Securitization Receivables means all rights of the Company or any Subsidiary to receive payments (including, without limitation, assets classified as residual strips, certificates, or interest only strips on the Company's financial statements) under a Securitization Transaction but excluding rights to receive payments in respect of Servicing Fees.

Securitization Receivables means any accounts receivable, notes receivable, rights to future lease payments or residuals or other similar rights to payment of such member of the Consolidated Group, any assets related thereto or otherwise customarily sold or pledged in securitization transactions and all proceeds of the foregoing.

Securitization Receivables shall have the meaning given to -------------------------- such term in the definition of "Securitization Transaction".

Securitization Receivables has the meaning specified in the definition of “Securitization Transaction”. “Securitization Subsidiary” means (a) O&M Funding and (b) any other wholly-owned Special Purpose Vehicle (other than, for the avoidance of doubt, any Credit Party) which engages in no activities other than those reasonably related to or in connection with the entering into of Securitization Transactions and which is designated by the board of directors of the Parent (as provided below) as a Securitization Subsidiary; provided that no member of the Consolidated Group shall (i) provide credit support to such Securitization Subsidiary other than Limited Originator Recourse, (ii) have any contract, agreement, arrangement or understanding with such Securitization Subsidiary other than on terms that are fair and reasonable and that are no less favorable to such member of the Consolidated Group than could be obtained from an unrelated Person (other than representations, warranties and covenants (including those relating to servicing) entered into in the ordinary course of business in connection with a Qualified Securitization Transaction and intercompany notes relating to the sale of Securitization Receivables to such Securitization Subsidiary and Limited Originator Recourse) or (iii) have any obligation to maintain or preserve such Securitization Subsidiary’s financial condition or to cause such Securitization Subsidiary to achieve certain levels of operating results other than Limited Originator Recourse. Any such designation by the board of directors of the Parent (other than with respect to O&M Funding) shall be evidenced to the Administrative

Securitization Receivables means, initially, all receivables of the U.S. Borrower and its Subsidiaries (the "ORIGINATOR") of the type described on Schedule IV hereto. For the avoidance of doubt, Securitization Receivables shall include amounts owing to the Originator in respect of products sold and/or services rendered by the Originator, in all cases regardless of whether such receivables are characterized as accounts receivable, general intangibles or otherwise, and shall include certain related rights described in the documentation approved by the Administrative Agent in connection with the Asset Securitization."

Securitization Receivables shall have the meaning assigned to such term in the Security Agreement.