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Common use of Eligible Receivable Clause in Contracts

Eligible Receivable. Any event or circumstance that could reasonably be expected to cause a Receivable owned by the Issuer to fail to satisfy clause (e) of the definition of “Eligible Receivable”; and

Appears in 3 contracts

Sources: Purchase Agreement (Atlanticus Holdings Corp), Purchase Agreement (Atlanticus Holdings Corp), Purchase Agreement (Atlanticus Holdings Corp)

Related Clauses

  • Eligible Receivables
  • Reassignment of Ineligible Receivables
  • Net Receivables Balance
  • Schedule of Receivables
  • Eligibility of Receivables

Parent Clauses

  • Representations and Warranties
  • Representations and Warranties of the Servicer
  • REPRESENTATIONS AND WARRANTIES OF THE COMPANY RELATING TO THE RECEIVABLES
  • Miscellaneous
  • Additional Representations of the Seller

Sub-Clauses

  • Binding Obligation
  • General Characteristics
  • No Obligor Bankruptcy
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