Initial Receivables definition

Initial Receivables means any Receivable conveyed to the Trust on the Closing Date.

Initial Receivables means the Receivables transferred to the Trust on the Closing Date as set forth on the Schedule of Receivables attached to the Initial SSA Assignment.

Initial Receivables. As defined in Section 2(a)(i).

Examples of Initial Receivables in a sentence

• Such Initial Receivables are comprised in the Initial Portfolio and have been assigned to the Issuer without recourse (pro soluto) in accordance with the Securitisation Law.

• The total consideration payable by the Issuer to the Seller with respect to the Receivables (together with the related Ancillary Rights) on the Purchase Date shall be an amount equal to the Initial Receivables Purchase Price or the Additional Receivables Purchase Price, as applicable, of the relevant Receivables identified in the Notice of Sale.

• The Servicer has in its possession copies of all the original Contracts that constitute or evidence the Initial Receivables and, from and after each Subsequent Transfer Date, will have in its possession copies of all the original Contracts that constitute or evidence the related Subsequent Receivables.

• The Australian SPE was established for the purpose of acting as trustee in respect of certain trade receivables originated by the Australian Originators, and then selling (in its capacity as trustee) these receivables to the purchaser under the Initial Receivables Purchase Facility.

• Optional Redemption of the Notes / Clean-Up Call Option VWFS will have the option but not the obligation, to require the Issuer to exercise the Clean-Up Call Option and to repurchase the outstanding Purchased Receivables from the Issuer at any time when the Aggregate Discounted Receivables Balance for all outstanding Purchased Receivables is less than 10 per cent of the sum of the Initial Receivables.

More Definitions of Initial Receivables

Initial Receivables means the Receivables listed on the Schedules of ------------------- Receivables attached hereto.

Initial Receivables. Any retail instalment sale contract or direct purchase money loan for a Financed Vehicle that is included in the Schedule of Initial Receivables attached to the First Step Initial Receivables Assignment and all rights and obligations thereunder.

Initial Receivables means the Receivables transferred by the Seller to the Issuer on the Closing Date.

Initial Receivables means the Receivables that become a part of the Collateral in connection with the Initial Loan.

Initial Receivables means the Receivables listed on the Schedule of Initial Receivables attached hereto as Schedule A.

Initial Receivables. The Receivables listed on the Schedule of Initial Receivables on the Closing Date.

Initial Receivables has the meaning set forth in the Sale and Servicing Agreement.