Aggregate Receivable Balance definition

Aggregate Receivable Balance means, when used with respect to all or a portion of the Collateral Receivables, the sum of the Receivable Balances of all or of such portion of such Collateral Receivables, as applicable.

Aggregate Receivable Balance means, (i) with respect to the Closing Date, the aggregate Receivable Balance of the Receivables as of the initial Cutoff Date, (ii) with respect to any Funding Date, the aggregate Receivable Balance of the related Subsequent Receivables as of the related Cutoff Date plus the aggregate Receivable Balance of all other Receivables as of such Funding Date and (iii) with respect to any other date of determination, the aggregate Receivable Balance of all Receivables owned by the Owner Trustee and Granted to the Indenture Trustee as of such date of determination.

Aggregate Receivable Balance shall have the meaning set forth in the Indenture as in effect on January 31, 2005.

Examples of Aggregate Receivable Balance in a sentence

• As of the Closing Date or Funding Dates, as the case may be, the aggregate Receivable Balance which relates to new Financed Vehicles represents at least 25% of the Aggregate Receivable Balance.

• The Indenture Trustee and the Agent, on behalf of the Noteholders, has received a certification that the weighted average loan-to-value of the Aggregate Receivable Balance in the Pool is less than 130% on the Closing Date.

• The Issuer shall add additional Receivables to the Series 2011-1 Allocated Adjusted Aggregate Receivable Balance on the related Delayed Funding Date to the extent necessary to satisfy such conditions by delivery to the Agent of an updated Increase Request.

• On or before the date that is five Business Days after the Removal Date, Transferor will deliver to Trustee a computer file or microfiche list containing a true and complete list of all Removed Receivables identified by account number and the Aggregate Receivable Balance of the Removed Receivables, as of the Removal Date, which computer file or microfiche list shall supplement any computer file of microfiche list previously delivered to Trustee pursuant to the Agreement.

• The Backup Servicer shall use such tape or diskette (or other electronic transmission acceptable to the Indenture Trustee and the Backup Servicer) to confirm that such tape, diskette or other electronic transmission is in readable form and confirm that the Aggregate Receivable Balance (based on the data included on such Monthly Tape) is consistent with the Aggregate Receivable Balance set forth in the related Monthly Servicer Report.

More Definitions of Aggregate Receivable Balance

Aggregate Receivable Balance means, (i) with respect to the Closing Date, the aggregate Receivable Balance of the Receivables as of the Initial Cutoff Date, (ii) with respect to any Funding Date, the aggregate Receivable Balance of the related Subsequent Receivables as of the related Cutoff Date plus the aggregate Receivable Balance of all other Receivables as of such Funding Date and (iii) with respect to any other date of determination, the aggregate Receivable Balance on such date of determination of all Receivables owned by the Issuer and Granted to the Indenture Trustee as of such date of determination.

Aggregate Receivable Balance means, as of any date of determination, the sum of the Aggregate Employer Balances with respect to each Employer under the Pool Relocation Agreements, minus the aggregate Unpaid Balance of all Pool Receivables that are not Eligible Receivables, minus the aggregate Unpaid Balance of all Defaulted Receivables in each case to only the extent such amounts have not already been subtracted in calculating the Aggregate Employer Balances, minus the aggregate dollar amount of Advance Payments made by each such Employer minus the aggregate Unpaid Balance of any Advance Billing Receivables of such Employer plus the amount, if any, (such amount, the “Net Credit Balance”) by which (x) the sum of (i) the outstanding Advance Payments received by any Employer with respect to Receivables or any other obligations of such Employer and (ii) the Unpaid Balance of any Advance Billing Receivables of such Employer exceeds (y) the Aggregate Employer Balance with respect to such Employer.

Aggregate Receivable Balance means, as of any date of determination, (a) the aggregate Unpaid Balance of the Fee Receivables and Pool Receivables arising under the Pool Relocation Management Agreements, calculated in the following manner: the Unpaid Balance will be reduced (without duplication), by (i) the amount of any funds received on account of or otherwise in connection with such Fee Receivable or Pool Receivable, including the amount of Home Sale Proceeds received with respect to the related Home (to the extent that they have not previously been applied to reduce the Unpaid Balance of the related Receivable) and (ii) the amount of any net gains on sales of Homes or other amounts (including without limitation rebates for referral fees, if any, and if allowed by law) that have not yet been remitted to the related Employer or the related Transferred Employee, to the extent required by the related Pool Relocation Management Agreement minus (b) the aggregate Unpaid Balance of all Pool Receivables and Fee Receivables that are not Eligible Receivables, but in the case of each amount calculated pursuant to clause (b) only to the extent such amounts have not already been subtracted in calculating such Aggregate Receivable Balance.

Aggregate Receivable Balance means, as of any date of determination, the sum of the Aggregate Employer Balances with respect to each Employer under the Pool Relocation Management Agreements, minus the aggregate Unpaid Balance of all Pool Receivables that are not Eligible Receivables, minus the aggregate Unpaid Balance of all Defaulted Receivables, in each case to only the extent such amounts have not already been subtracted in calculating the Aggregate Employer Balances, and without duplication of deductions for the same underlying asset, minus the sum of the Defaulted 121-150 Gross-Up Amount and the Defaulted 150+ Gross-Up Amount, minus the Dollar Equivalent of the aggregate amount of Advance Payments made by each such Employer, minus the aggregate Unpaid Balance of any Advance Billing Receivables of such Employer, plus the amount, if any, (such amount, the “Net Credit Balance”) by which (x) the sum of (i) the Dollar Equivalent of the outstanding Advance Payments made by any Employer with respect to Receivables or any other obligations of such Employer and (ii) the Unpaid Balance of any Advance Billing Receivables of such Employer exceeds (y) the Aggregate Employer Balance with respect to such Employer. f. The term “BNY” and its related definition in Section 1.01 are hereby deleted in their entirety.

Aggregate Receivable Balance means, with respect to any Receivable as of any date of determination the aggregate amount of payments owed on such Receivable from such date through the scheduled final payment date of such Receivable (exclusive of Late Fees and any other administrative charges).

Aggregate Receivable Balance means, as of any date of determination, the SUM of the Aggregate Employer Balances with respect to each Employer under the Pool Relocation Agreements, MINUS the aggregate Unpaid Balance of all Pool Receivables that are not Eligible Receivables, MINUS the aggregate Unpaid Balance of all Defaulted Receivables in each case to only the extent such amounts have not already been subtracted in calculating the Aggregate Employer Balances.

Aggregate Receivable Balance means, with respect to any Receivable as of any date of determination, the aggregate amount of payments owed on such Receivable (exclusive of Late Fees and any other administrative charges) less related Net Payables as of such date of determination.