Specified Receivable definition

Specified Receivable means, at any time, any Receivables in respect of which:

Specified Receivable means the full amount of FR8 Singapore Pte Limited’s rights as seller in and to its claim against certain debtors (including all entitlement to interest and other costs) acquired by the Company from FR8 Singapore Pte Limited pursuant to a sale agreement dated 9 July 2012 and which the Company will dispose of in the transaction described in Annex 1 of Schedule 8 (General Undertakings).

Specified Receivable means, as of any date of determination, any Receivable (i) the Obligor of which is set forth on Schedule IX to this Agreement, (ii) then due more than sixty (60) days but not more than three hundred sixty (360) days thereafter and (iii) which was created on or prior to December 31, 2011.

Examples of Specified Receivable in a sentence

• At the closing, Buyer shall deliver to Seller such instruments of transfer as may be reasonably requested by Seller to evidence the transfer of the Specified Receivable to Seller, and Seller shall pay the purchase price by wire transfer in immediately available funds.

• Such notice shall (i) identify a closing date not less than five days nor more than thirty days after such notice is received by Seller upon which the closing of the sale shall occur and (ii) state the purchase price for the Specified Receivable, together with such supporting detail as may be requested by Seller (which may be audited by Seller from time to time upon reasonable advance notice).

• The day on which Seller’s obligation to purchase any Specified Receivable matures is referred to as such Specified Receivable’s “Specified Receivable Trigger Date.” If Buyer elects to cause Seller to purchase any such Specified Receivable, notice of such election must be received by Seller on or prior to the 30th day after the applicable Specified Receivable Trigger Date or Buyer will be deemed to have waived any rights with respect to such Specified Receivable.

• At each closing, Buyer shall deliver to Seller such instruments of transfer as may be reasonably requested by Seller to evidence the transfer of the Specified Receivable to Seller, and Seller shall pay the purchase price in immediately available funds.

• Each such notice shall (i) identify a closing date not less than five days nor more than thirty days after such notice is received by Seller upon which the closing of the sale shall occur and (ii) state the purchase price for the Specified Receivable, together with such supporting detail as may be requested by Seller (which may be audited by Seller from time to time upon reasonable advance notice).

More Definitions of Specified Receivable

Specified Receivable means, at any time of determination, a Receivable, the Obligor of which is a Specified Obligor at such time.

Specified Receivable means each Receivable for which the related Contract is a RISC other than any Foreign Receivables.

Specified Receivable means any indebtedness and other obligations owed to any Transferor, the Originator or the Seller or any right of any Transferor, the Seller, or the Originator to payment from or on behalf of any Specified Person or any right to reimbursement for funds paid or advanced by any Transferor, the Seller or the Originator on behalf of any Specified Person, whether constituting an account, chattel paper, payment intangible, instrument, general intangible or as-extracted collateral, however arising (whether or not earned by performance), and includes, without limitation, the obligation to pay any finance charges, fees and other charges with respect thereto.

Specified Receivable means any Receivables in respect of which:

Specified Receivable shall have the meaning set forth on Annex H;

Specified Receivable shall have the meaning set forth on Schedule M.

Specified Receivable means each Receivable that satisfies all of the criteria and requirements set forth in the definition of “Eligible Receivable” set forth in Exhibit I to the Purchase Agreement other than those criteria and requirements relating to (i) the transfer of such Receivable pursuant to this Agreement or the Purchase and Sale Agreement or (ii) any actions by, or qualifications of, the Buyer or the Existing Owner.