Delinquent Receivables definition

Delinquent Receivables means , at any date, the Receivables different from a Defaulted Receivable which on the Cut-Off Date preceding such Date have at least 1 Late Instalment.Issuer Available Funds “Issuer Available Funds” means, in respect of each Payment Date:

Delinquent Receivables means a Receivable (other than a Defaulted Receivable) as to which any payment, or part thereof, remains unpaid for 121 days or more but less than 151 days from the original invoice date for such payment.

Delinquent Receivables means any Customer Receivable that is considered in collections pursuant to the Credit and Collections Policy, provided, that upon such Customer Receivable being written off in accordance with the Credit and Collections Policy, such Customer Receivable shall not be considered a Delinquent Receivable;

Examples of Delinquent Receivables in a sentence

• The Indenture Trustee shall promptly notify the Servicer, the Depositor and the Administrator if Noteholders and Verified Note Owners representing at least 5% of the aggregate Note Balance (such requesting Noteholders and Verified Note Owners, collectively, the “Requesting Noteholders”) properly and timely request a vote to cause the 60-Day Delinquent Receivables to be reviewed by the Asset Representations Reviewer pursuant to the terms of the Asset Representations Review Agreement.

• For each Distribution Date and the related Collection Period, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of all Delinquent Receivables held by the Issuing Entity that are more than 60 consecutive days delinquent to (ii) the aggregate Principal Balance of the Receivables, in each case, as of the last day of the related Collection Period.

• At any time, the ratio (expressed as a percentage) computed as of the Cut-Off Date for the most recently preceding Collection Period by dividing (i) the aggregate Unpaid Balance of all Pool Receivables that are Delinquent Receivables on such Cut-Off Date by (ii) the aggregate Unpaid Balance of Pool Receivables on such Cut-Off Date.

• For each Distribution Date and the related Collection Period, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of all Delinquent Receivables held by the Issuing Entity that are more than 60 days delinquent to (ii) the aggregate Principal Balance of the Receivables, in each case, as of the last day of the related Collection Period.

• The Transferor shall at all times maintain a net worth in accordance with GAAP which is not less than an amount equal to the sum of (i) the Outstanding Balance of all Defaulted Receivables at such time, (ii) the Outstanding Balance of all Delinquent Receivables at such time and (iii) the sum of the Outstanding Balance of the three largest Receivables of the non-investment grade Obligors; provided, however, that in any case, the net worth shall never be less than 7.5% of the Aggregate Facility Limit.

More Definitions of Delinquent Receivables

Delinquent Receivables means, as of any Business Day, any Portfolio Receivable to the extent it has not been paid within the earlier of (i) three Business Days (or in the case of any Pending Redemption from an Investment Fund registered under the Investment Company Act, seven Business Days) after (A) with respect to a Pending Redemption or Pending Subscription Amount, the date the related redemption or subscription order is duly submitted, (B) with respect to a Pending Settlement Receivable, the date of execution of the sale, assignment, novation or other similar transaction with respect to the applicable Investment or Other Investment Position, or, if the Pending Settlement Receivable does not arise out of any such transaction, the date the applicable Investment or Other Investment Position terminates or otherwise ceases to be an Investment or Other Investment Position, and (C) with respect to any other Portfolio Receivable, the date such other Portfolio Receivable arose, and (ii) the expiration (without extension) of the stated settlement date therefor or the stated due date thereof, as applicable.

Delinquent Receivables means, at any time, any Receivable which is past due but is not a Defaulted Receivable.

Delinquent Receivables means, with respect to any Monthly Period, all Principal Receivables as to which any payment or part thereof remains unpaid for 90 days or more from the original due date therefor and are not Defaulted Receivables

Delinquent Receivables. A Receivable (other than a Defaulted Receivable) as to which all or any part of a scheduled payment remains unpaid for 61 days or more from the original due date for such payment.

Delinquent Receivables means any Receivables that are not Defaulted Receivables for which at least 10% of the Scheduled Payment is 30 days or more delinquent on a contractual basis.

Delinquent Receivables means the Receivables, which have not been classified as Defaulted Receivables, in relation to which one or more Instalment have not been paid by the relevant Borrower for at least 30 (thirty) days after the relevant due date.

Delinquent Receivables has the meeting set forth in Section 6.08(a).