SPV Receivables definition
Examples of SPV Receivables in a sentence
Other than with respect to the SPV Receivables, there has been no prior sale, assignment or transfer of any rights or interest in any of the Receivables to be purchased as of such Purchase Date or other Purchased Assets related thereto.
Tech Data has previously designated each Obligor with respect to the Purchased Receivables as to which such Obligor is liable, pursuant to Section 2.1(a) of the SPV Receivables Purchase Agreement, so as to exclude such Purchased Receivables from the “Receivables” being sold and transferred by Tech Data to SPV pursuant to the SPV Receivables Purchase Agreement.
SVB specifically acknowledges and agrees that it shall retain no security interest or ownership interest in or to the SPV Receivables or the proceeds thereof (the “Funds”).
Tech Data shall not give any notice or take any other action to render non-effective any designation, pursuant to Section 2.1(a) of the SPV Receivables Purchase Agreement, previously made by it to have the Purchased Receivables of any Obligor excluded from the “Receivables” being sold and transferred by Tech Data to SPV pursuant to the SPV Receivables Purchase Agreement, except as may otherwise be expressly agreed in writing after the date hereof by Purchaser.
Trigon will be obliged to repay EUR 1.5 million to the blocked account if the SPV Receivables have not been amended to the convertibles by 17 May 2016.
The Replacement Servicer shall use the allocation rules set forth in Section 2.3(a) if the payments received from an obligor on DLL Receivables, DLL/BEC Receivables and SPV Receivables are less than the total amount due under the conditions described therein.
SVB acknowledges that the Borrower and Key have advised SVB that SPE II shall, upon acquisition of interests in the SPV Receivables, grant or has granted Key a security interest in the SPV Receivables and the proceeds thereof, and that the Lockbox Account and the Collection Account may contain certain or all of the Funds, which are the proceeds of the SPV Receivables.
SVB acknowledges that the Borrower and Guggenheim have advised SVB that the Borrower has granted Guggenheim a security interest in the SPV Receivables and the proceeds thereof, and that the Lockbox Account and the Collection Account may contain certain or all of the Funds, which are the proceeds of the SPV Receivables.
In such capacity, the Originator shall have responsibility for (i) identifying all payment items received in each Lock-Box to the appropriate Receivables, (ii) remitting to DLL (or in accordance with its instructions) only such Collections as relate to the DLL Receivables and (iii) remitting to the SPV and Administrative Agent only such Collections as relate to the SPV Receivables (or otherwise applying such Collections in accordance with the terms of the SPV Agreements).
Tech Data shall not give any notice or take any other action to render non-effective any designation, pursuant to Section 2.1(a) of the SPV Receivables Purchase Agreement, previously made by it to have the Purchased Receivables of any Obligor excluded from the “Receivables” being sold and transferred by Tech Data to SPV pursuant to the SPV Receivables Purchase Agreement, except as may otherwise be expressly agreed in writing after the Restatement Date by each Purchaser and Purchasers’ Agent.