Transferred Receivable definition

Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

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Transferred Receivable means any Sold Receivable or Contributed Receivable; provided, that any Receivable repurchased by an Originator thereof pursuant to Section 4.04 of the Sale Agreement shall not be deemed to be a Transferred Receivable from and after the date of such repurchase unless such Receivable has subsequently been repurchased by or contributed to the Borrower.

Transferred Receivable means any Receivable purchased by Buyer from Seller pursuant to this Agreement or any Assignment, including Principal Receivables and Finance Charge Receivables that exist at the time of purchase of any Principal Receivables in the same Account or that arise in an Account after the date of purchase of Principal Receivables in the Account. However, Receivables that are repurchased by Seller pursuant to this Agreement or purchased by Servicer pursuant to the Servicing Agreement shall cease to be considered “Transferred Receivables” from the date of such purchase.

Examples of Transferred Receivable in a sentence

• Except as provided in Section 6.02(c), the Sellers will not extend, amend or otherwise modify the terms of any Transferred Receivable, or amend, modify or waive any term or condition of any Contract related thereto.

• Each repurchase of a Transferred Receivable shall include the Related Security with respect to such Transferred Receivable.

• The applicable Seller shall, upon not less than two (2) Business Days’ notice from the Purchaser or its assignee or designee, repurchase such Transferred Receivable for a repurchase price equal to the Outstanding Balance of such Transferred Receivable.

• Each Transferred Receivable, together with the Related Security, is owned (immediately prior to its sale or, solely with respect to the Herc Seller, its contribution hereunder) by the applicable Seller free and clear of any Adverse Claim (other than any Adverse Claim (A) arising solely as the result of any action taken by the Purchaser or (B) identified on Schedule VI of the RFA).

• Such Seller is not aware of (i) any judgment or tax lien filings against such Seller which resulted in or would result in a lien on, or would otherwise affect, any Transferred Receivable, other than 18 immaterial judgment or tax liens being properly contested in good faith and in effect for no more than thirty (30) days.

More Definitions of Transferred Receivable

Transferred Receivable means any Receivable which is purchased by the Purchaser pursuant to Section 2.02.

Transferred Receivable means each Receivable purchased or otherwise acquired by Owner pursuant to the Second Tier Agreement, but excluding Receivables that have been repurchased by an Originator pursuant to the First Tier Agreement or assigned to Master Servicer pursuant to this Agreement.

Transferred Receivable means the Receivables which are transferred by the Transferor to the Administrative Agent (for the benefit of the Owners), pursuant to this Agreement and which are identified on Schedule II hereto, with respect to the Initial Receivables (as such Schedule II may be modified from time to time pursuant the updated Receivables Schedules to be delivered pursuant to Section 2.1(c)); provided, that if any Transferred Receivable is reconveyed to the Transferor or conveyed to the Servicer, in each case, as specified in Section 2.11, Section 2.12 or Section 2.13, as applicable, such Receivable shall no longer constitute a Transferred Receivable.

Transferred Receivable means any Receivable transferred from the Trust in accordance with Section 9.7 of the Master Collateral Agreement.

Transferred Receivable means a Receivable that has been transferred by the Transferor to the Issuer under the Second Tier Agreement.

Transferred Receivable is defined in the Indenture.

Transferred Receivable means any Receivable which, pursuant to the ---------------------- procedure described in Section 2.02(d), has been identified as a Transferred Receivable.