Sold Receivable definition

Sold Receivable means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c) hereof.

Sold Receivable shall have the meaning assigned to it in Section 2.01(b) of the Sale Agreement.

Sold Receivable means a Receivable that was more than 120 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(b).

Examples of Sold Receivable in a sentence

• Except as set forth in Section 3.1.B(3), without the prior written consent of Purchaser, Seller will not amend, modify or waive any term or condition of any Contract underlying any Sold Receivable, which amendment, modification or waiver would adversely affect the validity, enforceability or collectibility of such Receivable or adversely affect Purchaser's right to collect any Sold Receivables.

• Not (i) make any material change in the character of its business which change would impair the collectability of any Sold Receivable or (ii) make any change in the Credit and Collection Guidelines that would materially and adversely affect the collectability of the Sold Receivables, the credit quality of the Sold Receivables or the enforceability of any Contract.

• The Collection Agent will endeavor to collect the amount owing to Purchaser on each Sold Receivable in accordance with terms hereof, as and when the same becomes due, at Seller's cost and expense and as agent for Purchaser, but subject to the right of Purchaser to direct and control such activities in accordance with the terms hereof.

• All payments and all amounts received in settlement, adjustment or liquidation of any Sold Receivable will be credited by Purchaser on the Business Day good funds are received by Purchaser.

• With respect to any Sold Receivable as of any date, the total outstanding principal balance thereof as of such date.

More Definitions of Sold Receivable

Sold Receivable means, with respect to any Originator, a Receivable sold or contributed, or purported to be sold or contributed, hereunder to the Company by such Originator.

Sold Receivable shall have the meaning assigned to it in Section 2.01(b) of each Transfer Agreement.

Sold Receivable has the meaning specified in Section 2.03(a).

Sold Receivable means a Receivable and the Related Security related thereto that has been sold or otherwise conveyed to the Purchaser hereunder; provided, however, that on any Purchase Date, solely for purposes of the representations and warranties set forth in ARTICLE 4 and Section 5.02 hereof, “Sold Receivables” shall include the Receivables to be sold or otherwise conveyed on such Purchase Date.

Sold Receivable means a Receivable that was sold to an unaffiliated third party by the Issuer, at the Servicer's direction, pursuant to Section 8.05(a) hereof.

Sold Receivable means, with respect to any Originator, a Receivable sold, or purported to be sold, hereunder to the Company by such Originator which has not subsequently been reconveyed to the relevant Originator pursuant to the terms hereof.

Sold Receivable. As defined in Section 2.1(b) of the Contribution Agreement.