Reconveyed Receivable definition

Reconveyed Receivable means a Receivable for which an Originator has paid the full Unpaid Balance pursuant to the Purchase Agreement.
Reconveyed Receivable means a Receivable (a) acquired by the Servicer under Section 2.7 of the Transfer and Servicing Agreement, Section 3.3 of the Transfer and Servicing Agreement or Section 3.4 or Section 3.5 of any Additional Transferor Receivables Transfer Agreement, (b) acquired by the Marketing Agent under Section 4.3(i) of the Transfer and Servicing Agreement or (c) reacquired by an Originator under Section 3.4 or Section 4.6 of the Originator Receivables Transfer Agreement.
Reconveyed Receivable means any Receivable for which the related Originator has paid the full Unpaid Balance pursuant to the Purchase and Sale Agreement.

Examples of Reconveyed Receivable in a sentence

  • Seller hereby directs Servicer to pay any Collections of any Reconveyed Receivable directly to the related Originator to be applied pursuant to the 28 Purchase Agreement.

  • Seller hereby directs Servicer to pay any Collections of any Reconveyed Receivable directly to the related Originator to be applied pursuant to the Purchase Agreement.

  • Reconveyed Receivable from the balance of Eligible Receivables in the Trust store on create after delinquent date among such removal, the Trustee and the Certificateholders in any Receivable or the proceeds thereof.


More Definitions of Reconveyed Receivable

Reconveyed Receivable shall have the meaning specified in Section 2.04.
Reconveyed Receivable means a Receivable for which the Originator has paid the full Unpaid Balance pursuant to the Purchase Agreement. “Regulation D” means Regulation D of the Federal Reserve Board, or any other regulation of the Federal Reserve Board that prescribes reserve
Reconveyed Receivable shall have the meaning specified in Section 6.1(a)(i) of the Purchase Agreement.
Reconveyed Receivable has the meaning specified in Section 3.4.
Reconveyed Receivable has the meaning ascribed to it in each of the Receivables Purchase Agreements.
Reconveyed Receivable. Any Receivable transferred by an Originator to Borrower under the Receivables Sale Agreement, that (a) subsequent to such transfer (i) becomes subject to any event described in Section 1.4 of the Receivables Sale Agreement and (ii) the full Outstanding Balance thereof is received by Borrower as a Purchase Price Credit (as defined in the Receivables Sale Agreement) or in cash from such Originator as provided for in the Receivables Sale Agreement, and (b) following the satisfaction of the conditions described in clause (a) of this definition, is identified in the Monthly Report next following such event and payment as a Reconveyed Receivable.
Reconveyed Receivable has the meaning assigned to such term in Section 3.4(d).