Days Outstanding definition

Days Outstanding means, at any time: (a) one-half of the sum of the beginning and ending Outstanding Balances of all Receivables during the Calculation Period most recently ended, multiplied by (b) the number of days in the Calculation Period most recently ended divided by the aggregate amount payable pursuant to Invoices generated during the Calculation Period most recently ended.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Days Outstanding means, at any time: (a) one-half of the sum of the beginning and ending Outstanding Balances of all Receivables during the month most recently ended, multiplied by (b) the number of days in the month most recently ended divided by the aggregate amount payable pursuant to Invoices generated during that month.

Days Outstanding means with respect to the calculation of the amount of each Acquisition Cost and each Swap Settlement the actual number of days between (a) the date a payment is made by Seller (or received by Seller pursuant to the settlement or a Swap) and (b) the date Purchaser tenders to Seller the Purchase Price applicable to the Batch in question.

Examples of Days Outstanding in a sentence

Consequently, so long as the Servicer faithfully makes all daily remittances based on Average Days 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.
For purposes of calculating the True-Up Adjustments described in Sections 4.01(b)(ii), 4.01(b)(iii) and 4.01(b)(iv), the Weighted Average Days Outstanding (Commercial), the Weighted Average Days Outstanding (Residential) and net charge-offs shall be calculated and updated on or about January 1 and July 1 or more frequently if the Servicer expects there to be a material change to any of these amounts.
Consequently, so long as the Servicer faithfully makes all remittances based on Weighted Average Days 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.
Borrower shall not permit as of the end of any Fiscal Month its Accounts Payable Days Outstanding to exceed 85 days.
On or before May 14 of each year, beginning in May 2024, in accordance with Section 4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b), update the Average Days Outstanding and the system-wide write-off percentage in order to be able to calculate the Periodic Billing Requirement for the next Annual True-Up Adjustment and to calculate any change in the Daily Remittances until the next Annual True-Up Adjustment.
On or before [•] of, each year, beginning in [•] 2023, in accordance with Section 4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b), update the Average Days Outstanding and the system-wide write-off percentage in order to be able to calculate the Periodic Billing Requirement for the next Annual True-Up Adjustment and to calculate any change in the Daily Remittances until the next Annual True-Up Adjustment.
On a semiannual basis, the Servicer shall provide Moody's a notice containing the input values for Weighted Average Days Outstanding current as of a date three calendar months prior to such report.
Interest is calculated by (14% x Outstanding Balance x Number of Days Outstanding) / 365.
The total daily funds charges will be determined as follows: Daily Funds Rate X Advance Amount ------------------ Daily Funds Charge Daily Funds Charge X Days Outstanding ------------------ Total Daily Funds Charges The daily funds rate shall be the prime rate as announced in the Wall Street Journal plus TWO PERCENT (2.0%) divided by 360.
The Purchase Price Percentage may be recalculated no more frequently than monthly using a discount rate and expected collection period based on the Issuer's weighted cost of funds and Average Days Outstanding for the prior month and assuming a reasonable return on Issuer's equity and adjusted to reflect such factors as the Seller and the Issuer mutually agree will result in a Purchase Price determined to be the fair market value of such Purchased Assets.

More Definitions of Days Outstanding

Days Outstanding means the numbers of days from, and including, the date of this Agreement to, but excluding, the date of payment of the Loan and Acceleration Premium, calculated on the basis of a year of 365 days. n = (Days Outstanding/365).

Days Outstanding means the numbers of days from, and including, the Issue Date to, but excluding, the date for redemption, purchase and/or full repayment of the outstanding principal amount of the Notes, calculated on the basis of a 365-day year.

Days Outstanding means the number of days from, and including, Issue Date to, but excluding any of the following date, whichever shall first occur: