Designated Receivables Sample Clauses

The 'Designated Receivables' clause defines specific accounts receivable that are identified and set aside for particular purposes within a contract, such as collateral for a loan or as assets to be sold or assigned. In practice, this clause will list or describe the receivables that are subject to the agreement, ensuring that only those specified are affected by the contract’s terms. Its core function is to clearly identify which receivables are involved, thereby reducing ambiguity and preventing disputes over which assets are covered.
Designated Receivables. The Transferor shall designate certain Deferred Payment Plan Receivables to be treated as each having a Principal Receivable balance of zero on each Business Day on which the aggregate principal balance of Deferred Payment Plan Receivables exceeds 15% of the balance of the Aggregate Principal Receivables on such day (or for any such day in February, June and October, the limit shall be 20%), such that following such designation the Principal Receivables balance of all Deferred Payment Plan Receivables not so designated shall not exceed 15% of the balance of the Aggregate Principal Receivables on such day (or for any such day in February, June and October, the limit shall be 20%); provided, however, that this 15% limit (or for any such day in February, June and October, the limit shall be 20%) may be increased to 25% subject to satisfaction of the Rating Agency Condition. The Transferor shall designate certain Foreign Receivables to be treated as each having a Principal Receivable balance of zero on each Business Day on which the aggregate Outstanding Balance of Foreign Receivables exceeds 1% of the aggregate Outstanding Balance of all Receivables on such day, such that following such designation the Outstanding Balance of all Foreign Receivables not so designated shall not exceed 1% of the aggregate Outstanding Balance of all Receivables on such day. Receivables so designated by the Transferor will not be treated as Eligible Receivables, their principal balances will not be credited toward the Aggregate Principal Receivables in the Trust, and Collections with respect to such Receivables will be treated as Finance Charge Collections.
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Designated Receivables. (a) From and after the Closing Date until the first anniversary of the Closing Date, Purchaser and the Companies shall use reasonable commercial efforts, consistent with the Companies’ past practice, to collect the Designated Receivables. (b) If any Designated Receivables are collected by or on behalf of Purchaser or the Companies prior to the first anniversary of the Closing Date, then within thirty (30) days after the first anniversary of Closing, Purchaser shall pay such collected amount, net of reasonable collection costs, to the Selling Stockholders in accordance with such Selling Stockholders’ Pro Rata Portion. (c) From and after the Closing Date until the first anniversary of the Closing Date, Purchaser shall not enter into any amendment with respect a Designated Receivable that would extend the payment date for any such Designated Receivables.
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Designated Receivables. 21 6.11 Records.............................................................................................. 22
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Designated Receivables. Disney owns each of the Designated Receivables, free and clear of any adverse claim. On making the Advances (assuming the Lock Box Notice has been duly acknowledged by the depositary bank at which the Lock Box Account is maintained) and upon Oriental Land making payment into the Lock Box Account of any Designated Receivables constituting Collateral hereunder, the Company shall acquire a valid and perfected security interest in such Collateral. No effective financing statement or other instrument similar in effect covering the Basic Agreement, any Designated Receivables or the proceeds thereof is or shall at any time during the term of this Agreement be on file in any relevant recording office except the financing statement in favor of the Company with respect to this Agreement and the other Disney Agreements.
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Designated Receivables. 4. The Crockers hereby assign to Crdentia and/or Arizona Home Health all of their right, title, and interest, if any, in and to the Designated Receivables (as defined in the Allocation Agreement), including but not limited to any and all receivables listed on the exhibit attached hereto as Exhibit “A.” 5. The Crockers agree that any monies previously collected by Crdentia and/or Arizona Home Health and not previously remitted to the Shareholder Representative (as defined in the Allocation Agreement) in respect of the Designated Receivables shall remain the sole property of Crdentia and/or Arizona Home Health, and the Crockers agree that they shall have no rights whatsoever to such monies. Further, the Crockers agree that any monies collected by Crdentia and/or Arizona Home Health in respect of the Designated Receivable in the future shall be the sole property of Crdentia and/or Arizona Home Health, and the Crockers agree that they shall have no rights whatsoever to such monies. 6. The Crockers agree that Crdentia and/or Arizona Home Health shall have no further obligations to the Crockers under’ the Allocation Agreement.
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Designated Receivables. Buyer and Seller acknowledge that certain of the Target Group Companies have certain outstanding receivables that remain pending as further described in Section 6.14 of the Disclosure Schedules (the “Designated Receivables”). Buyer acknowledges that the Designated Receivables were not taken into account in determining the Purchase Price and agrees to cooperate with Seller as reasonably necessary (not to require Buyer to incur any out-of-pocket expense) to obtain such Designated Receivables and promptly pay over to Seller any Designated Receivables actually received by Seller or the applicable Target Group Companies.
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Related to Designated Receivables

  • Receivables (a) No amount payable to such Grantor under or in connection with any Receivable is evidenced by any Instrument or Chattel Paper which has not been delivered to the Administrative Agent. (b) None of the obligors on any Receivables is a Governmental Authority. (c) The amounts represented by such Grantor to the Lenders from time to time as owing to such Grantor in respect of the Receivables will at such times be accurate.

  • Collection of Receivables Except as otherwise provided in this Security Agreement, such Grantor will collect and enforce, at such Grantor’s sole expense, all amounts due or hereafter due to such Grantor under the Receivables owned by it.

  • Eligible Receivables Each Receivable included as an Eligible Receivable in the calculation of the Net Receivables Pool Balance as of any date is an Eligible Receivable as of such date.

  • Servicing of Receivables The Master Servicer shall service the Receivables as required by the terms of this Agreement and in material compliance with its standard and customary procedures for servicing all its other comparable motor vehicle receivables and in compliance with applicable law; and

  • Reassignment of Ineligible Receivables (a) In the event any representation or warranty under Subsection 4.02(a)(ii), (iii), (iv), (vii), (viii), (ix) or (x) is not true and correct in any material respect as of the date specified therein with respect to any Receivable or the related Account and as a result of such breach RFC VIII is required under Subsection 2.6(a) of the Transfer Agreement to accept reassignment of such Receivables previously sold by TRS to RFC VIII pursuant to this Agreement, TRS shall accept reassignment of such Receivables on the terms and conditions set forth in Subsection 6.01(b). (b) TRS shall accept reassignment of any Receivables described in Subsection 6.01(a) from RFC VIII on the date on which such Receivables are reassigned to RFC VIII pursuant to Subsection 2.6(a) of the Transfer Agreement, and shall pay for such reassigned Receivables by paying to RFC VIII in immediately available funds an amount equal to the unpaid balance of such Receivables. Upon reassignment of such Receivables, RFC VIII shall automatically and without further action sell, transfer, assign, set-over and otherwise convey to TRS, without recourse, representation or warranty, all the right, title and interest of RFC VIII in and to such Receivables, all Recoveries allocable to such Receivables, all monies due or to become due and all amounts received or receivable with respect thereto, all Collections with respect thereto, and all proceeds (including “proceeds” as defined in the UCC) thereof. Such reassigned Receivables shall be treated by RFC VIII as collected in full as of the date on which they were reassigned. RFC VIII shall execute such documents and instruments of transfer or assignment and take such other actions as shall reasonably be requested by TRS to effect the conveyance of such Receivables and other property pursuant to this Subsection.