Sold Receivable definition
Sold Receivable means a Receivable that was more than sixty (60) days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c).
Sold Receivable shall have the meaning assigned to it in Section 2.01(b) of the Sale Agreement.
Sold Receivable means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer's direction, as of the close of business on the last day of a collection period and in accordance with the provisions of Section 4.3(c) of the Sale and Servicing Agreement.
Examples of Sold Receivable in a sentence
Indication of the Issuer’s ownership of a Receivable shall be deleted from or modified on Seller’s computer systems when, and only when, the Receivable shall become a Purchased Receivable or a Sold Receivable or shall have been paid in full or sold pursuant to the terms of the Sale and Servicing Agreement.
The Issuer shall sell each Sold Receivable for the greatest market price possible; provided, however, that aggregate Sale Amounts received by the Issuer for all Receivables sold to a single third-party purchaser on a single date must be at least equal to the sum of the Minimum Sale Prices for all such Receivables.
More Definitions of Sold Receivable
Sold Receivable means, with respect to any Originator, a Receivable sold or contributed, or purported to be sold or contributed, hereunder to the Company by such Originator.
Sold Receivable shall have the meaning assigned to it in Section 2.01(b) of each Transfer Agreement.
Sold Receivable has the meaning specified in Section 2.03(a).
Sold Receivable means a Receivable that has been sold or otherwise conveyed to the Purchaser hereunder; provided, however, that on any Purchase Date, solely for purposes of the representations and warranties set forth in ARTICLE 4 and Section 5.02 hereof, “Sold Receivables” shall include the Receivables to be sold or otherwise conveyed on such Purchase Date.
Sold Receivable means a Receivable that was sold to an unaffiliated third party by the Issuer, at the Servicer's direction, pursuant to Section 8.05(a) hereof.
Sold Receivable means, with respect to any Participating Seller, an Eligible Receivable sold hereunder to the Buyer by such Participating Seller.
Sold Receivable means, with respect to any Originator, a Receivable sold, or purported to be sold, hereunder to the Company by such Originator which has not subsequently been reconveyed to the relevant Originator pursuant to the terms hereof.