Designated Receivables definition

Designated Receivables. As defined in Section 2.01 of the Purchase Agreement.

Designated Receivables shall have the meaning specified in Section 2.07(c).

Designated Receivables. The "Designated Receivables" as defined in Section ---------------------- 2.01 of the Purchase Agreement.

Examples of Designated Receivables in a sentence

• No Obligor under any of the Designated Receivables is a governmental authority of the United States or any state or political subdivision thereof.

• NFC shall at all times maintain each office from which it services Designated Receivables and its jurisdiction of formation within the United States of America.

• The foregoing sale does not constitute and is not intended to result in any assumption by NFRRC of any obligation of the undersigned to the Obligors, Dealers, insurers or any other Person in connection with the Designated Receivables, the agreements with Dealers, any Insurance Policies or any agreement or instrument relating to any of them.

• NFRRC has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire and own the Designated Receivables.

• NFRRC agrees that it shall neither use nor disclose to any person the names and addresses of the Obligors, except in connection with the enforcement of NFRRC’s rights hereunder, under the Designated Receivables, under the Further Transfer and Servicing Agreements or as required by law.

More Definitions of Designated Receivables

Designated Receivables means the Receivables that are designated by the Borrower from time to time pursuant to Section 5.5(b) to satisfy the Specified Coverage Ratio and pledged to the U.S. Collateral Agent pursuant to the terms of the U.S. Security Agreement.

Designated Receivables has the meaning set forth in Section 2.01(a) of the Sale Agreement.

Designated Receivables shall have the meaning specified in Section 2.7 (c)(i) of the Trust Sale and Servicing Agreement.

Designated Receivables is defined in Section 4.10.

Designated Receivables means a group of net receivables of the National Cosmetics Business and/or the Iman Business with aggregate net value of not more than $1,500,000 which, prior to Closing, will be specifically designated by Seller in a manner reasonably acceptable to Buyer according to customer, invoice number or other means of identification and which may be purchased by Seller or its designees for $1.00 if Buyer retains the Dermablend Business and, pursuant to Section 4.11(b), sells the National Cosmetics Business and the Iman Business. If the Designated Receivables include accounts receivable from customers that also owe to Buyer accounts receivable retained by Buyer after the Closing, Buyer will control the collections from such customers pursuant to the transition service agreement contemplated by Section 4.11(c). Seller agrees that the Designated Receivables will be selected in a manner so that weighted average age of the Designated Receivables will not be less, in any material respect, from the weighted average age of the accounts receivable retained by Buyer after the Closing Date.

Designated Receivables means, as of the Cut-off Time, all Gross Receivables in respect of Designated Accounts.

Designated Receivables means those Receivables having original Principal Balances of $50,000 or more.