Defaulted Receivable

Defaulted Receivable. A Receivable: (a) other than any Receivable the Obligor of which is an Affiliate of VWR, as to which any payment, or part thereof, remains unpaid for (i) more than 180 days from the due date for such payment for all Receivables the Originator of which is VWR and (ii) more than 120 days from the due date for such payment for all other Receivables, or (b) without duplication (i) as to which an Insolvency Proceeding shall have occurred with respect to the Obligor thereof or any other Person... obligated thereon or owning any Related Security with respect thereto (other than the Seller or any Purchaser), or (ii) as to which any payment, or part thereof, has been written off the Seller's books as uncollectible View More