Aggregate Outstanding Indebtedness definition
Aggregate Outstanding Indebtedness means, as of any date of determination, an amount equal to the aggregate amount of Indebtedness on all Accounts (other than Accounts that have been written off by Bank or should have been written off by Bank pursuant to Bank’s risk management policies for the Program) as of such date.
Aggregate Outstanding Indebtedness means the aggregate unpaid principal under all the Notes at the time in question.
Examples of Aggregate Outstanding Indebtedness in a sentence
Following notice to Retailer, Bank will not be obligated to make any extension of credit under the Program if, after such extension, Aggregate Outstanding Indebtedness would exceed the Credit Review Point then in effect (except to the extent set forth in Section 9.2(j)(iii)).
Following the Bank’s election not to increase the Credit Review Point under this section, Bank shall provide Retailer with reports at the end of each month setting forth the amount of the Aggregate Outstanding Indebtedness as of the end of such month.