Aged Receivables Ratio means the percentage equivalent of a fraction, computed as of the last day of each calendar month, obtained by dividing (a) the sum of (i) the Outstanding Balance of Pool Receivables that were 151 to 180 days past their Invoice Date (or, in the case of Extended Term Receivables, that were 211 to 240 days past their Invoice Date ) as of the last day of such month, excluding Pool Receivables that have been written off at any time after the date on which they were 150 days past their Invoice Date (or, in the case of Extended Term Receivables, at any time after the date on which they were 210 days past their Invoice Date ), (ii) (without duplication of any amounts included in clause (i) or (iii)) the Outstanding Balance of Pool Receivables that were less than 151 days past their Invoice Date (or, in the case of Extended Term Receivables, that were less than 211 days past their Invoice Date ) as of the last day of such month and that, consistent with the Credit and Collection Policy, were written off as uncollectible during such month (excluding write-offs of United Rentals General Account numbered “6661xxx”), and (iii) (without duplication of any amounts included in clause (i) or (ii)) the Outstanding Balance of Pool Receivables that were less than 151 days past their Invoice Date (or, in the case of Extended Term Receivables, that were less than 211 days past their Invoice Date ) as of the last day of such month, as to which the Obligor thereof or any other Person obligated thereon or owning any Related Security in respect thereof has taken any action, or suffered any event to occur, of the type described in paragraph (g) of Exhibit V, by (b) the aggregate dollar amount of all Pool Receivables created during the month ended five months prior to the most recent month-end.
Aged Receivables Ratio means the percentage equivalent of a fraction, computed as of the last day of each calendar month, obtained by dividing (a) the Outstanding Balance of Pool Receivables that became Defaulted Receivables at any time during such calendar month, by (b) the aggregate dollar amount of all Pool Receivables created during the calendar month ended five months prior to the most recent calendar month-end.
Aged Receivables Ratio means, for any Settlement Date, a fraction, expressed as a percentage, the numerator of which is the aggregate Outstanding Balance of all Receivables that first became Aged Receivables or Written-Off Receivables during the most recently ended Collection Period, and the denominator of which is the Settlement Date Receivables Balance for the immediately preceding Settlement Date (which, for purposes of the first Settlement Date, shall be deemed to have been the Closing Date Receivables Balance).
Examples of Aged Receivables Ratio in a sentence
No disciplinary action will be taken against an Employee based on any issues raised in a performance evaluation if such issues occurred more than 365 days prior to the date the Employee received the evaluation.
More Definitions of Aged Receivables Ratio
Aged Receivables Ratio means, as of the last day of each Settlement Period, the percentage equivalent of a fraction, the numerator of which shall be the sum of (a) the aggregate unpaid balance of Receivables originated by the Sellers that were 60 to 89 days past due and (b) the aggregate amount of Receivables of such Sellers that were charged off as uncollectible prior to the day that is 60 days after its original due date during such Settlement Period, and the denominator of which shall be the aggregate Principal Amount of Receivables originated by the Sellers during the third prior Settlement Period (including the Settlement Period ended on such day).
Aged Receivables Ratio means, as of the last day of each Settlement Period and calculated as provided in Section 1.01(f), the percentage equivalent of a fraction, the numerator of which shall be the sum of (a) the aggregate unpaid balance of Receivables originated by the Seller that were 91 to 120 days past due and (b) the aggregate amount of Charged-Off Receivables of the Seller that were charged off as uncollectible prior to the day that is 91 days after its original due date during such Settlement Period, and the denominator of which shall be the aggregate Principal Amount of Receivables originated by the Seller during the fourth prior Settlement Period.
Aged Receivables Ratio means, as of the last day of each Settlement Period, the percentage equivalent of a fraction, the numerator of which shall be the sum of (a) the aggregate unpaid balance of Receivables contributed by the Contributor to the Company (and with respect to which the Company has granted the Participation and a security interest to the Trust) that were 61 to 90 days past due and (b) the aggregate amount of Receivables that were charged off as uncollectible prior to the day that is 61 days after its original due date during such Settlement Period, and the denominator of which shall be the aggregate Principal Amount of Receivables contributed by the Contributor to the Company (and with respect to which the Company has granted the Participation and a security interest to the Trust) during the fourth prior Settlement Period (including the Settlement Period ended on such day).
Aged Receivables Ratio means, as of the last day of each Settlement Period, the percentage equivalent of a fraction, the numerator of which shall be the sum of (a) the aggregate unpaid balance of Pool Receivables that were 61 to 90 days past due and (b) the aggregate amount of Pool Receivables that were charged off as uncollectible prior to the day that is 61 days after its original due date during such Settlement Period, and the denominator of which shall be the aggregate Principal Amount of Pool Receivables during the third prior Settlement Period (including the Settlement Period ended on such day).
Aged Receivables Ratio means, as calculated in each Monthly Report as of the Cut-Off Date for the related Calculation Period, a fraction (expressed as a percentage) having (a) a numerator that is the sum of (i) the aggregate Unpaid Balance of Eligible Receivables (and Receivables that would be Eligible Receivables but for clause (c) of the definition of Eligible Receivables) that remained outstanding 151 to 180 days (except Receivables of General, for which the reference shall be to 61 to 90 days) after their respective original due dates, as determined as of the Cut-Off Date for such Calculation Period, plus (ii) the aggregate Unpaid Balance of Eligible Receivables (and Receivables that would be Eligible Receivables but for clause (c) of the definition of Eligible Receivables) that were written off as uncollectible during the most recently ended Calculation Period and that, if not so written off, would have been outstanding not more than 180 days (except Receivables of General, for which the reference shall be to 90 days) after their respective original due dates, as determined as of that Cut-Off Date, plus (iii) the aggregate amount of unpaid credit memoranda issued by the Servicer, to the extent that such unpaid credit memoranda have reduced the aggregate balance of Eligible Receivables pursuant to clause (i), and (b) a denominator that is the aggregate amount payable pursuant to invoices giving rise to Eligible Receivables (and Receivables that would be Eligible Receivables but for clause (c) of the definition of Eligible Receivables) that were generated by the Sellers during the Calculation Period that occurred seven Calculation Periods (except Eligible Receivables of General, for which the reference shall be to three Calculation Periods and except for Eligible Receivables of Coastline, for which the reference shall be to six Calculation Periods) and prior to the most recently ended Calculation Period, as determined as of the Cut-Off Date for such prior Calculation Period; provided, however, that for purposes of calculating this ratio, any unapplied credit memoranda shall be excluded.
Aged Receivables Ratio means, as of the last day of each Settlement Period, the percentage equivalent of a fraction, the numerator of which shall be the sum of (i) the aggregate unpaid balance of Receivables originated by each Seller or each Seller Group that were past due by the number of days in the related Aged Receivables Numerator with respect to such Seller or such Seller Group and (ii) the aggregate amount of Receivables of such Seller or Seller Group which were charged off as uncollectible prior to the day which is, in the case of all Sellers other than Mother's, 91 days after its original due date and, in the case of Mother's, 121 days after its original due date, in each case, during the Settlement Period, and the denominator of which shall be the aggregate Principal Amount of Receivables originated by such Seller or such Seller Group during the prior Settlement Period that is the related Aged Receivables Denominator with respect to such Seller or such Seller Group.
Aged Receivables Ratio means the percentage equivalent of a fraction, computed as of the last day of each calendar month, obtained by dividing (a) the sum of (i) the Outstanding Balance of Pool Receivables that were 121 to 150 days past due as of the last day of such month, excluding Pool Receivables that have been written off at any time after the date on which they were 120 days past due, (ii) (without duplication of any amounts included in clause (i) or (iii)) the Outstanding Balance of Pool Receivables that were less than 121 days past due as of the last day of such month and that, consistent with the Credit and Collection Policy, were written off as uncollectible during such month (excluding write-offs of United Rentals General Account numbered “6661xxx”), and (iii) (without duplication of any amounts included in clause (i) or (ii)) the Outstanding Balance of Pool Receivables that were less than 121 days past due as of the last day of such month, as to which the Obligor thereof or any other Person obligated thereon or owning any Related Security in respect thereof has taken any action, or suffered any event to occur, of the type described in paragraph (g) of Exhibit V, by (b) the aggregate dollar amount of all Pool Receivables created during the month ended five months prior to the most recent month-end.