Designated Receivable definition

Designated Receivable means each Receivable that is described in a Specification notified to the Purchaser by the Seller pursuant to Section 2.2.

Designated Receivable means any Purchased Receivable which:

Designated Receivable in Section 1.1 of the Agreement is amended to read as follows:

Examples of Designated Receivable in a sentence

• The Servicer shall not take any action, nor omit to take any action, which would materially impair the rights of the Borrower, the Lender or the Collateral Agent in any Designated Receivable, nor shall it reschedule, revise or defer payments due on any Designated Receivable, except in accordance with the Collection Policies and Procedures.

• As the collection agent for the Receivables, subject to its obligations hereunder, Collection Agent shall have the authority and discretion to settle and compromise on the amount due under any Designated Receivable; provided, however, that the Collection Agent must obtain the prior consent of the Trustee, whichconsent shall not be withheld unreasonably, with respect to any proposed compromise of an account receivable in the face amount of $100,000 or more by more than 20% of the stated balance.

• As the collection agent for the Receivables, subject to its obligations hereunder, Collection Agent shall have the authority and discretion to settle and compromise on the amount due under any Designated Receivable; provided, however, that the Collection Agent must obtain the prior consent of the Trustee, which consent shall not be withheld unreasonably, with respect to any proposed compromise of an account receivable in the face amount of $100,000 or more by more than 20% of the stated balance.

• Seller and Purchaser shall comply, and shall cause their respective Affiliates to comply, with all Applicable Laws relating to data privacy and the protection of personal information that may be included in or related to any Designated Receivable.

• As of the applicable Purchase Date, the related Specification, all other data, materials and information provided by the Seller to the Purchaser with respect to each Designated Receivable, each relevant Obligor and each relevant Contract is true and correct in all material respects.

More Definitions of Designated Receivable

Designated Receivable means the Insurance Receivable or the Pakistani Receivable.

Designated Receivable means all indebtedness and other obligations (i) arising from the sale of goods or the provision of services by an Originator to General Motors Corporation or any of its subsidiaries arising on or after May 8, 2006, (ii) arising from the sale of goods or the rendition of services by ArvinMeritor OE, LLC at or from the facility located at 181 Bennett Drive, Pulaski, Tennessee, in respect of which an invoice is issued for the first time after September 29, 2006, (iii) arising from the sale of goods or the provision of services by an Originator to Ford Motor Company or any of its subsidiaries arising on or after November 6, 2006, (iv) arising from the sale of goods or the rendition of services by ArvinMeritor OE, LLC or by Meritor Heavy Vehicle Systems, LLC at or from the facilities located at 201 North Harris Drive, Dexter, Missouri, 601 South Gladstone, Columbus, Indiana, or 950 West Road 450 South, Columbus, Indiana, in respect of which an invoice is issued for the first time after February 4, 2007, (v) arising from the sale of goods or the rendition of services by ArvinMeritor Emissions Technologies Spartanburg, Inc. at or from the facility located at 2651 New Cut Road, Spartanburg, South Carolina, in respect of which an invoice is issued for the first time after February 4, 2007, (vi) arising from the sale of goods or the rendition of services by ArvinMeritor Assembly, LLC at or from the facility located at 24850 Northline Road, Taylor, Michigan in respect of which an invoice is issued for the first time after February 4, 2007; and (vii) arising from the sale of goods or the provision of services by an Originator to Chrysler Holdings LLC or any of its subsidiaries arising on or after March 31, 2008.

Designated Receivable means all indebtedness and other obligations (i) arising from the sale of goods or the provision of services by an Originator to General Motors Corporation or any of its subsidiaries arising on or after May 8, 2006, (ii) arising from the sale of goods or the rendition of services by ArvinMeritor OE, LLC at or from the facility located at 100 Xxxxxxx Xxxxx, Pulaski, Tennessee, in respect of which an invoice is issued for the first time after September 29, 2006, (iii) arising from the sale of goods or the provision of services by an Originator to Ford Motor Company or any of its subsidiaries arising on or after November 6, 2006, (iv) arising from the sale of goods or the rendition of services by ArvinMeritor OE, LLC or by Meritor Heavy Vehicle Systems, LLC at or from the facilities located at 200 Xxxxx Xxxxxx Xxxxx, Dexter, Missouri, 600 Xxxxx Xxxxxxxxx, Xxxxxxxx, Xxxxxxx, or 900 Xxxx Xxxx 000 Xxxxx, Xxxxxxxx, Xxxxxxx, in respect of which an invoice is issued for the first time after February 4, 2007, (v) arising from the sale of goods or the rendition of services by ArvinMeritor Emissions Technologies Spartanburg, Inc. at or from the facility located at 2651 New Cut Road, Spartanburg, South Carolina, in respect of which an invoice is issued for the first time after February 4, 2007, (vi) arising from the sale of goods or the rendition of services by ArvinMeritor Assembly, LLC at or from the facility located at 20000 Xxxxxxxxx Xxxx, Xxxxxx, Xxxxxxxx in respect of which an invoice is issued for the first time after February 4, 2007; and (vii) arising from the sale of goods or the provision of services by an Originator to Chrysler Holdings LLC or any of its subsidiaries arising on or after March 31, 2008.

Designated Receivable means any Eligible Receivable that has been validly transferred by the Seller to TTSA and further validly transferred by TTSA to the Issuer.

Designated Receivable means a Purchased Receivable identified by Funding to EagleFunding as a "Designated Receivable" pursuant to Section 2.02(a) of the EagleFunding Purchase Agreement.

Designated Receivable means any Receivable owed by a Borrower.

Designated Receivable means any Account Receivable which (i) is cancelled or reduced as a result of any setoff in respect of any claim or dispute between an Account Debtor and Borrower regarding Borrower's performance of its obligations under the Underlying Contract or (ii) is unpaid more than 15 days past its Scheduled Maturity Date.