Specified Ineligible Receivables definition

Specified Ineligible Receivables means those Pool Receivables that the Servicer has identified as “Specified Ineligible Receivables” pursuant to Section 4.7.
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Specified Ineligible Receivables means such Pool Receivables collected through the Deposit Accounts that the Originator has identified as “Specified Ineligible Receivables” pursuant to the Purchase and Sale Agreement and are therefore ineligible under this Agreement.
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Specified Ineligible Receivables means those Pool Receivables that the Servicer has identified as “Specified Ineligible Receivables” pursuant to Section 4.7 .
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Examples of Specified Ineligible Receivables in a sentence

  • The Servicer (so long as the Seller is the Servicer) shall identify the aggregate Principal Balance of all such "Specified Ineligible Receivables" on each Servicer Report.

  • At any time prior to a Receivable first being referenced in a Servicer Report or a Portfolio Certificate as an Eligible Receivable, the Servicer (so long as the Seller is the Servicer) may designate such Receivable as a "Specified Ineligible Receivable" (which designation may take the form of a specification that a certain class or category of Receivables to be created after such designation will be treated as "Specified Ineligible Receivables").

  • Receivables[*] days past due Specified Ineligible Receivables (Assets sold to AFC Funding Corp., but not eligible for the Net Receivables Pool Balance.

  • ADMINISTRATION AND COLLECTIONS 17 Section 4.1. Appointment of Servicer 17 Section 4.2. Duties of Servicer; Relationship to Backup Servicing Agreement 18 Section 4.3. Deposit Accounts; Establishment and Use of Certain Accounts 20 Section 4.4. Enforcement Rights 21 Section 4.5. Responsibilities of the Seller 22 Section 4.6. Servicing Fee 22 Section 4.7. Specified Ineligible Receivables 22 ARTICLE V.

  • ADMINISTRATION AND COLLECTIONS 19 Section 4.1. Appointment of Servicer 19 Section 4.2. Duties of Servicer; Relationship to Backup Servicing Agreement 20 Section 4.3. Deposit Accounts; Establishment and Use of Certain Accounts 21 Section 4.4. Enforcement Rights 22 Section 4.5. Responsibilities of the Seller 23 Section 4.6. Servicing Fee 24 Section 4.7. Specified Ineligible Receivables 24 ARTICLE V.

  • Receivables [*] days past due Specified Ineligible Receivables - Assets that are not eligible for the Net Receivables Pool Balance.

  • On any Business Day during the month of January of each calendar year, the SPV may, but shall not be required to, submit an updated list (which may be in electronic format) designating Receivables as Specified Ineligible Receivables which shall be subject to the review and approval of the Agent, in its sole discretion, in all respects.

Related to Specified Ineligible Receivables

  • Ineligible Receivables shall have the meaning specified in subsection 2.05(a).

  • Eligible Receivables means and include with respect to each Borrower, each Receivable of such Borrower arising in the Ordinary Course of Business and which Agent, in its sole credit judgment, shall deem to be an Eligible Receivable, based on such considerations as Agent may from time to time deem appropriate. A Receivable shall not be deemed eligible unless such Receivable is subject to Agent’s first priority perfected security interest and no other Lien (other than Permitted Encumbrances), and is evidenced by an invoice or other documentary evidence satisfactory to Agent. In addition, no Receivable shall be an Eligible Receivable if:

  • Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).

  • Eligible Receivable means, at any time, a Receivable:

  • Ineligible Account means an Account that at the time of determination is not an Eligible Account.