Adjusted Net Receivables Pool Balance means, at any time of determination, the excess, if any, of (i) the Net Receivables Pool Balance, over (ii) the CAD-USD Volatility Reserve.
Adjusted Net Receivables Pool Balance means, at any time, the excess of (i) the Net Receivables Pool Balance, over (ii) the Specifically Reserved Maintenance Revenue Amount; provided, however, that so long as the Level 1 Ratings Trigger is not in effect, the Specifically Reserved Maintenance Revenue Amount shall be deemed to be zero for purposes of this definition.
Adjusted Net Receivables Pool Balance means, at any time: (a) the Net Receivables Pool Balance, plus (b) the sum of (i) the aggregate Outstanding Balance of all Affiliate Receivables then in the Receivables Pool, (ii) the Specifically Reserved Amount and (iii) the aggregate amount for each Obligor of the lesser of (x) the Contra Amount, if any, with respect to such Obligor at such time and (y) the aggregate Outstanding Balance of all Pool Receivables, the Obligor of which is such Obligor.
Examples of Adjusted Net Receivables Pool Balance in a sentence
Without limiting the foregoing, each calculation of the Aggregate Eligible Receivables Balance, the Adjusted Net Receivables Pool Balance, the Capital Coverage Amount, any Capital Coverage Deficit, the Net Receivables Pool Balance, the Specifically Reserved Dilution Amount and the Deferred Revenue Offset Amount, in any case, in or constituting a part of any such Pool Report, Investment Request, certificate, report, statement, document or other written information is true and correct as of the date thereof.
More Definitions of Adjusted Net Receivables Pool Balance
Adjusted Net Receivables Pool Balance means (i) the Net Receivables Pool Balance minus (ii) the SRDA.
Adjusted Net Receivables Pool Balance means at any time of calculation hereunder, the Net Receivables Pool Balance minus the Required Reserves at such time.
Adjusted Net Receivables Pool Balance means, at any time of determination: (a) the Net Receivables Pool Balance, plus (b) the Contractual Dilution Accrual.
Adjusted Net Receivables Pool Balance means, at any time of determination, an amount equal to (a) the Net Receivables Pool Balance minus (b) the Specifically Reserved Dilution Amount.
Adjusted Net Receivables Pool Balance means at any time of calculation hereunder, the Net Receivables Pool Balance MINUS the sum of (i) the Loss Reserve, (ii) the amount (if any) by which the Dilution Reserve exceeds the Sr. Portion Valuation Amount and (iii) the Yield and Fee Reserve at such time.
Adjusted Net Receivables Pool Balance means the Net Receivables Pool Balance minus (i) the Specifically Reserved Dilution Amount and (ii) the Canadian Currency Volatility Reserve. “Administrator” has the meaning set forth in the preamble to this Agreement. “Adverse Claim” means a lien, security interest or other charge or encumbrance, or any other type of preferential arrangement; it being understood that any thereof in favor of the Administrator (for the benefit of the Purchasers) shall not constitute an Adverse Claim. “Affected Person” has the meaning set forth in Section 1.7 of this Agreement. “Affiliate” means, as to any Person: (a) any Person that, directly or indirectly, is in control of, is controlled by or is under common control with such Person, or (b) who is a director or officer: (i) of such Person or (ii) of any Person described in clause (a), except that, in the case of each Conduit Purchaser, Affiliate shall mean the holder of its capital stock or membership interest, as the case may be. For purposes of this definition, control of a Person shall mean the power, direct or indirect: (x) to vote 25% or more of the securities having ordinary voting power for the election of directors of such Person, or (y) to direct or cause the direction of the management and policies of such Person, in either case whether by ownership of securities, contract, proxy or otherwise. “Aggregate Capital” means, at any time, the aggregate outstanding Capital of all Purchasers at such time. “Aggregate Discount” at any time, means the sum of the aggregate for each Purchaser of the accrued and unpaid Discount with respect to each such Purchaser’s Capital at such time. “Agreement” has the meaning set forth in the preamble hereto. “Alternate Rate” for any Yield Period for any Portion of Capital funded by any Purchaser other than through the issuance of Notes, means an interest rate per annum equal to either: (a) with respect to any day during such Yield Period, LMIR for such day, (b) if LMIR is unavailable pursuant to Section 1.11.1, the Base Rate for such Yield Period, or (c) if Benchmark Replacement Event occurs, the
Adjusted Net Receivables Pool Balance means, at any time of determination, an amount equal to (a) the Net Receivables Pool Balance minus