Common use of Net Receivables Balance Clause in Contracts

Net Receivables Balance. Both before and after giving effect to each Incremental Purchase and Reinvestment, the Net Receivables Balance equals or exceeds the sum of (i) the product of the Net Receivables Balance multiplied by the Aggregate Reserve Percentage, and by (ii) the aggregate Capital outstanding.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Yrc Worldwide Inc), Receivables Purchase Agreement (Yellow Roadway Corp), Receivables Purchase Agreement (Yellow Roadway Corp)

AutoNDA by SimpleDocs

Net Receivables Balance. Both before and after giving effect to ----------------------- each Incremental Purchase and Reinvestment, the Net Receivables Balance equals or exceeds the sum of (i) the product of the Net Receivables Balance multiplied by the Aggregate Reserve Percentage, and by (ii) the aggregate Capital then outstanding.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Kohls Corporation)

Net Receivables Balance. Both before and after giving effect to ----------------------- each Incremental Purchase and Reinvestment, the Net Receivables Balance equals or exceeds the sum product of (i) the product of the Net Receivables Balance multiplied by 100% + the Aggregate Reserve Percentage, and multiplied by (ii) the aggregate Capital outstanding.

Appears in 1 contract

Samples: Receivable Interest Purchase Agreement (Federal Mogul Corp)

AutoNDA by SimpleDocs

Net Receivables Balance. Both before and after giving effect to ----------------------- each Incremental Purchase and Reinvestment, the Net Receivables Balance equals or exceeds the sum of (i) the product of the Net Receivables Balance multiplied (x) Capital divided by (y) 1 minus the Aggregate Reserve Percentage, and by (ii) the aggregate Capital outstandingContractual Dilution Balance.

Appears in 1 contract

Samples: Receivable Interest Purchase Agreement (Federal Mogul Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!