Average Days Sales Outstanding definition
Average Days Sales Outstanding means the weighted average number of days Liberty monthly bills to Customers remain outstanding during the calendar year preceding the calculation thereof pursuant to Section 4.01(b)(i) of the Servicing Agreement.
Average Days Sales Outstanding means the weighted average number of days Evergy Missouri West monthly bills to Customers remain outstanding during the calendar year preceding the calculation thereof pursuant to Section 4.01(b)(i) of the Servicing Agreement.
Average Days Sales Outstanding or “ADSO” means the average number of days that customer bills remain outstanding, as calculated and revised from time to time by the Master Service Provider in accordance with the Service Provider Agreement.
Examples of Average Days Sales Outstanding in a sentence
For purposes of such calculation, the Servicer may calculate Actual FRC Collections based on the Weighted Average Days Sales Outstanding and write-offs for the relevant Reconciliation Period.
Consequently, so long as the Servicer faithfully makes all daily remittances based on Weighted Average Days Sales Outstanding, as provided for herein, the Servicer and the Issuer agree that no actual or deemed investment earnings shall be payable in respect of such over-remittances or under-remittances.
More Definitions of Average Days Sales Outstanding
Average Days Sales Outstanding means any period (expressed in a number of days) calculated as: (i) the average of the aggregate Unpaid Balance of all Receivables as of the applicable Cut-Off Date for each of the three immediately preceding Calculation Periods, multiplied by (ii) 91, divided by (iii) the aggregate amount of invoices giving rise to Receivables generated during the immediately preceding three Calculation Periods.
Average Days Sales Outstanding means, as of any day, the quotient of (a) the sum of (i) the aggregate Outstanding Balance of Pool Receivables that remain outstanding 0 to 30 days from their respective original invoice dates TIMES 30; PLUS (i) the aggregate Outstanding Balance of Pool Receivables that remain outstanding 1 to 30 days from their respective original due dates TIMES 60; PLUS (iii) the aggregate Outstanding Balance of Pool Receivables that remain outstanding 31 to 60 days from their respective original due dates TIMES 90; PLUS (iv) the aggregate Outstanding Balance of Pool Receivables that remain outstanding 61 to 90 days from their respective original due dates TIMES 120; PLUS (v) the aggregate Outstanding Balance of Pool Receivables that remain outstanding 91 to 120 days from their respective original due dates TIMES 150; PLUS (vi) the aggregate Outstanding Balance of Pool Receivables that remain outstanding 121 to 150 days from their respective original due dates TIMES 180; PLUS the aggregate Outstanding Balance of Pool Receivables that remain outstanding more than 151 days from their respective original due dates TIMES 210; DIVIDED BY (b) the aggregate Outstanding Balance of all Pool Receivables.
Average Days Sales Outstanding means any period (expressed in a number of days) calculated as: