Percentage Evidenced by Receivable Interests Sample Clauses

Percentage Evidenced by Receivable Interests. Each Receivable Interest shall be initially computed on its date of purchase. Thereafter, until its Liquidation Day, each Receivable Interest shall be automatically recomputed (or deemed to be recomputed) on each day prior to its Liquidation Day. The variable percentage represented by any Receivable Interest as computed (or deemed recomputed) as of the close of business on the day immediately preceding its Liquidation Day shall remain constant at all times after such Liquidation Day.
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Percentage Evidenced by Receivable Interests. Each -------------------------------------------- Receivable Interest shall be initially computed on its Purchase Date. Thereafter, until the Facility Termination Date, each Receivable Interest shall be automatically recomputed (or deemed to be recomputed) on each day prior to the Facility Termination Date. The variable percentage represented by any Receivable Interest as computed (or deemed recomputed) as of the close of business on the day immediately preceding the Facility Termination Date shall remain constant at all times thereafter.
Sample 1
Percentage Evidenced by Receivable Interests. (a) The variable percentage represented by Purchaser's Receivable Interest shall be initially computed by the Agent on the date of purchase thereof. Thereafter, until its Liquidation Day, Purchaser's Receivable Interests shall be automatically re-computed (or deemed to be re-computed) by the Agent on each Business Day prior to its Liquidation Day. The variable percentage represented by the
Sample 1
Percentage Evidenced by Receivable Interests. Each Receivable Interest and its corresponding Currency Allocation Percentage shall be initially computed on its date of purchase. Thereafter, until its Liquidation Day, each Receivable Interest and Currency Allocation Percentage shall be automatically recomputed (or deemed to be recomputed) on each day prior to its Liquidation Day. The variable percentage represented by any Receivable Interest and its corresponding Currency Allocation Percentage, in each case as computed (or deemed recomputed) as of the close of business on the day immediately preceding its Liquidation Day, shall remain constant at all times after such Liquidation Day.
Sample 1

Related to Percentage Evidenced by Receivable Interests

  • Simple Interest Receivables All of the Receivables are Simple Interest Receivables.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,493,405.52.

  • ORIGINAL CLASS A NON-PO PRINCIPAL BALANCE The Original Class A Non-PO Principal Balance is $170,009,500.00.

  • Simple Interest Mortgage Loans None of the Mortgage Loans are simple interest Mortgage Loans.

  • Percentage Interest Ownership of the Company shall be divided into, represented by, and each Member’s Percentage Interest shall be expressed in Units of the Company. The name, address, Units and Percentage Interest of each Member are set forth on Exhibit “A” attached hereto, which may be amended from time to time as necessary to reflect changes in the Percentage Interests and Units held by the Members.

  • Pool Balance 1. Pool Balance on the close of the last day of the preceding Collection Period $

  • Cut-Off Date Aggregate Principal Balance The Cut-Off Date Aggregate Principal Balance is $850,069,757.10

  • Principal Balance Each Receivable had a remaining Principal Balance as of the Cutoff Date of not less than $500.

  • Original Class A Percentage The Original Class A Percentage is 96.79331905%.

  • Designation of Additional Amounts to Be Included in the Excess Spread Amount for the DiscoverSeries Notes At any time that any outstanding Series of certificates issued by the Master Trust provides that the Series Principal Collections allocated to such Series will be deposited into the Group Finance Charge Collections Reallocation Account for the Master Trust to the extent necessary for application to cover shortfalls for other Series issued by the Master Trust, an amount equal to (x) all Series Principal Collections allocated to such Series, multiplied by (y) a fraction, the numerator of which is the sum of the Nominal Liquidation Amounts for each outstanding Tranche of the DiscoverSeries Notes (including these notes) and the denominator of which is (i) the Aggregate Investor Interest for the Master Trust minus (ii) the sum of the Series Investor Interests for all such Series that provide that the Series Principal Collections allocated to such Series will be so deposited, is hereby designated to be included in the Excess Spread Amount and shall be treated as Series Finance Charge Amounts for the DiscoverSeries.

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