Additional Receivables definition
Examples of Additional Receivables in a sentence
This First Step Additional Receivables Assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in the Pooling and Servicing Agreement and is to be governed by the Pooling and Servicing Agreement.
A portion of the Aggregate Additional Receivables Principal Balance shall be paid to the Seller in immediately available funds and the balance of such purchase shall be paid through one or both of (a) an increase in the amount owing from ▇▇▇▇ to Seller under the Intercompany Advance Agreement (as a result of an advance made thereunder from Seller to ▇▇▇▇) and (b) an increase in Seller’s capital account in ▇▇▇▇ (as a result of a deemed capital contribution from Seller to ▇▇▇▇).
In consideration for the Additional Purchased Property, ▇▇▇▇ shall, on each related Subsequent Closing Date, pay to the Seller an amount equal to the Aggregate Additional Receivables Principal Balance in respect of the Additional Receivables sold on such date and the Seller shall execute and deliver to ▇▇▇▇ an assignment in the form attached hereto as Exhibit A (the “First Step Additional Receivables Assignment”).
The representations and warranties are made as of the Closing Date (for the Initial Receivables) and as of each Acquisition Date (for the related Additional Receivables) and will survive the transfer and absolute assignment of the Depositor Transferred Property by the Depositor to the Issuer under this Agreement and the pledge of the Depositor Transferred Property by the Issuer to the Indenture Trustee under the Indenture.
In connection with the preparation of each Monthly Investor Report, the Servicer will review the Amortization Events and determine whether an Amortization Event occurred during the Collection Period immediately preceding the related Collection Period (after giving effect to any acquisition of Additional Receivables during such Collection Period), and the Monthly Investor Report shall indicate whether or not an Amortization Event has occurred.