Subsequent Receivable definition

Subsequent Receivable means a Receivable transferred to the Issuer on a Funding Date.

Subsequent Receivable means each Receivable that becomes a part of the Collateral on a Funding Date other than the Funding Date relating to the Initial Loan.

Subsequent Receivable means each motor vehicle retail installment sale contract described in a Schedule of Subsequent Receivables attached as Schedule A to a First-Tier Subsequent Assignment (an identical copy of which is attached as Schedule A to a related Second-Tier Subsequent Assignment), and all rights and obligations thereunder and any amendments, modifications or supplements to such motor vehicle retail installment sale contract.

Examples of Subsequent Receivable in a sentence

• As of the applicable Subsequent Cutoff Date, if any, each Subsequent Receivable being purchased during the Funding Period had or will have a first scheduled due date on or prior to the end of the third month immediately following the applicable Subsequent Cutoff Date.

• All of the Subsequent Receivables are due from Obligors who are natural persons or, if any Obligor is not a natural person, (a) such entity is an obligor with respect to five or fewer Financed Vehicles and (b) the related Subsequent Receivable or Subsequent Receivables have the benefit of the personal guaranty of a natural person or persons.

• Without limiting the generality of the foregoing, no Dealer has any right, title or interest in respect of any Subsequent Receivable.

• The full Amount Financed of each Subsequent Receivable has been advanced to or on behalf of each Obligor, and there are no requirements for future advances thereunder.

• No Subsequent Receivable has been amended except to the extent reflected in the related Legal File on the Subsequent Transfer Date.

More Definitions of Subsequent Receivable

Subsequent Receivable means any receivable listed on Schedule A hereto.

Subsequent Receivable means, with respect to each Funding Date, each Receivable contributed to the Depositor by the Contributor and then transferred from the Depositor to the Issuer and a security interest simultaneously granted to the Indenture Trustee by the Issuer on such Funding Date as set forth as Schedule I to the related Depositor Assignment.

Subsequent Receivable means any Receivable described in a Schedule of Subsequent Receivables.

Subsequent Receivable means a Receivable acquired by the Issuer on any given Funding Date.

Subsequent Receivable has the meaning specified in the Sale and Servicing Agreement.

Subsequent Receivable means Receivables described in a Schedule of Subsequent Receivables (an identical copy of which is attached as Schedule A to the related Second-Tier Subsequent Assignment) and transferred by the Depositor to the Issuer on a Subsequent Transfer Date.

Subsequent Receivable has a Contract Value as of the Subsequent Cutoff Date that (when combined with the Contract Value of any other Receivables with the same or an affiliated Obligor) does not exceed 1% of the aggregate Contract Value of all Receivables.