Common use of Computation of Asset Interest Clause in Contracts

Computation of Asset Interest. On any date, the Asset Interest will be equal to the percentage equivalent of the following fraction: IA+RR NPB where: IA = the Invested Amount on the date of such computation; RR = the Required Reserve on the date of such computation; and NPB = the Net Pool Balance on the date of such computation; provided, however, that the Asset Interest during the Liquidation Period shall equal 100%.

Appears in 8 contracts

Samples: Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc)

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Computation of Asset Interest. On any date, the Asset Interest will be equal to the percentage equivalent of the following fraction: IA+RR ----- NPB where: IA = the Invested Amount on the date of such computation; RR = the Required Reserve on the date of such computation; and NPB = the Net Pool Balance on the date of such computation; provided, however, that the Asset Interest during the Liquidation Period shall equal 100% and shall at no time exceed 100%.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lennox International Inc)

Computation of Asset Interest. On any date, the Asset Interest will be equal to the percentage equivalent of the following fraction: IA+RR PTI+RR ------ NPB where: IA PTI = the then Invested Amount on the date of such computation; Amount, RR = the then Required Reserve on the date of such computation; Reserve, and NPB = the then Net Pool Balance on the date of such computationBalance; provided, however, that the Asset Interest during the Liquidation Period shall equal 100%.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lifestyle Furnishings International LTD)

Computation of Asset Interest. On any datedate of computation, the Asset Interest will be equal to the percentage equivalent of a percentage, expressed as the following fraction: IA+RR C NPB x (1 - RRP) where: IA C = the Invested Amount Capital on the date of such computation; RR date. RRP = the Required Reserve Percentage on the date of such computation; and date. NPB = the Net Pool Balance on the date of such computationdate; provided, however, that from and after the Termination Date, the Asset Interest during the Liquidation Period shall equal will be 100%.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Avista Corp)

Computation of Asset Interest. On any date, the Asset Interest will be equal to the percentage equivalent of a percentage, expressed as the following fraction: IA+RR C ------------ NPB x (1-RRP) where: IA C = the Invested Amount on the date of such computation; then Capital. RR = the then Required Reserve on the date of such computation; and Reserves Percentage. NPB = the then Net Pool Balance on the date of such computationBalance; provided, however, that from and after the Termination Date, Asset Interest during the Liquidation Period Interest, shall equal be 100%.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Maxtor Corp)

Computation of Asset Interest. On any date, the Asset Interest will be equal to the percentage equivalent of the following fraction: IA+RR ----- NPB where: IA = the Invested Amount on the date of such computation; RR = the Required Reserve on the date of such computation; and NPB = the Net Pool Balance on the date of such computation; providedPROVIDED, howeverHOWEVER, that the Asset Interest during the Liquidation Period shall equal 100% and shall at no time exceed 100%.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lennox International Inc)

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Computation of Asset Interest. On any date, the Asset Interest will be equal to the a percentage equivalent of the following fraction: IA+RR IA + RR --------- NPB whereWHERE: IA = the Invested Amount on as of the date time of such computation; RR = the then Required Reserve on the date of such computationReserve; and NPB = the then Net Pool Balance on the date of such computation; providedPROVIDED, howeverHOWEVER, that the Asset Interest during the Liquidation Period shall equal 100% and shall at no time exceed 100%.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Cadmus Communications Corp/New)

Computation of Asset Interest. On any date, the Asset Interest will be equal to the a percentage equivalent of the following fraction: IA+RR IA + RR ----------- NPB where: IA = the Invested Amount on as of the date time of such computation; RR = the then Required Reserve on the date of such computationReserve; and NPB = the then Net Pool Balance on the date of such computation; provided, however, that the Asset Interest during the Liquidation Period shall equal 100% and shall at no time exceed 100%.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Cadmus Communications Corp/New)

Computation of Asset Interest. On any date, the Asset Interest will be equal to the percentage equivalent of the following fraction: IA+RR IA + RR NPB where: IA = the Invested Amount on the date of such computation; RR = the Required Reserve on the date of such computation; and NPB = the Net Pool Balance on the date of such computation; provided, however, that the Asset Interest during the Liquidation Period shall equal 100% and shall at no time exceed 100%.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lennox International Inc)

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