Warranty Receivable definition

Warranty Receivable means a Receivable which the Seller is required to repurchase pursuant to Section 3.02.

Warranty Receivable means a Receivable purchased by the Seller pursuant to Section 2.03(c).

Warranty Receivable. A Receivable that the Warranty Purchaser has become obligated to repurchase pursuant to Section 2.04 of the Trust Sale Agreement.

Examples of Warranty Receivable in a sentence

• In consideration of the repurchase of a Warranty Receivable, the Transferor shall remit the Warranty Payment to the Trust, who shall in turn remit, or cause to be remitted, such payment to the Collection Account for distribution pursuant to Section 4.2 of the Master Servicing Agreement.

• In consideration of the repurchase of a Warranty Receivable, the Transferor shall remit, or cause to be remitted the Warranty Payment to the applicable Collection Account for distribution pursuant to Section 4.2 of the Master Servicing Agreement.

• 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. 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 means a Receivable which the Seller is required to repurchase pursuant to Section 2.05.

Warranty Receivable means a Receivable which the Transferor has repurchased pursuant to Section 7.2 of the Master Transfer Agreement or the Seller has repurchased pursuant to Section 7.2 of the Master Sale Agreement (Warehouse). * * * * *