Examples of Warranty Receivable in a sentence

With respect to a Distribution Date and to a Warranty Receivable, a payment equal to the Receivables Principal Balance plus one month of interest on such Receivable, calculated at the greater of the Discount Rate or the Annual Percentage Rate and 30/360.
It is understood and agreed that the obligation of the Seller to repurchase any Warranty Receivable as to which a breach has occurred and is continuing shall, if such obligation is fulfilled, constitute the sole remedy against the Seller for such breach available to Ally Auto or any Interested Party.

More Definitions of Warranty Receivable

Warranty Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Seller pursuant to Section 3.02.

Warranty Receivable means a Receivable which the RPA Seller is required to repurchase pursuant to Section 2.03(c) of the Receivables Purchase Agreement or Section 2.04 of the Sale and Servicing Agreement.

Warranty Receivable means a Receivable which the Seller is required to repurchase pursuant to Section 4.08.

Warranty Receivable. A Receivable which the Warranty Purchaser has become obligated to repurchase pursuant to Section 2.06 of the Pooling Agreement or Section 5.04 of the Purchase Agreement.

Warranty Receivable. With respect to any Collection Period, a Receivable which the Seller has become obligated to repurchase pursuant to Section 3.2.

Warranty Receivable. With respect to any Monthly Period, a Receivable which AFL has become obligated to repurchase pursuant to Section 2.6.

Warranty Receivable. A Receivable subject to repurchase as and to the extent described in Section 2.5(a) of the Trust Sale and Servicing Agreement.