Examples of Aggregate Receivable Balance in a sentence
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.
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 share of the Servicing Fee allocable to the Series 2011-1 Noteholders with respect to any Distribution Date (the “Monthly Servicing Fee”) shall be equal to the product of (a) the Servicing Fee Rate multiplied by (b) the weighted average over the related Monthly Period of the daily Aggregate Receivable Balance multiplied by (c) the average Series Percentage during such Monthly Period.
In consideration for its services hereunder and ------------- as compensation for expenses paid as contemplated by Section 2.10, the Servicer ------------ shall be entitled to receive on each Distribution Date a servicing fee (the "Basic Servicing Fee") for the related Monthly Period equal to one-twelfth of 1% ------------------- (the "Basic Servicing Fee Rate") multiplied by the Aggregate Receivable Balance ------------------------ as of the last day of the prior Monthly Period.
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 20% of the Aggregate Receivable Balance.