Aggregate Receivables Face Amount definition
Aggregate Receivables Face Amount. As of any date, the sum of the Principal Balances of all outstanding Receivables (other than Liquidating Receivables) held by the Issuing Entity on such date.
Examples of Aggregate Receivables Face Amount in a sentence
A-5 Monthly Period (or, for the first Distribution Date, the Basic Servicing Fee Rate multiplied by a fraction, the numerator of which is 30 and the denominator of which is 360, multiplied by the Aggregate Receivables Face Amount as of the Closing Date) and (b) any unpaid Basic Servicing Fees from any prior Distribution Date.
Basic Servicing Fee: With respect to a Distribution Date, the basic fee payable to the Servicer for services rendered during the related Monthly Period, which shall be equal to the sum of (a) one-twelfth (1/12th) of the Basic Servicing Fee Rate multiplied by the Aggregate Receivables Face Amount of all Receivables held by the Issuing Entity as of the first day of such App.