Discount Option Receivable Collections definition

Discount Option Receivable Collections means on any Date of Processing occurring in any Monthly Period succeeding the Monthly Period in which the Discount Option Date occurs, the product of (a) the Discount Percentage and (b) Collections of Principal Receivables on such Date of Processing (without giving effect to the proviso in the definition of Principal Receivables).

Discount Option Receivable Collections shall have the meaning specified in Section 2.08.

Discount Option Receivable Collections means on any date occurring in any Due Period succeeding the Due Period in which the Discount Option Date occurs, the product of (a) a fraction the numerator of which is the Discount Option Receivables and the denominator of which is the sum of the Principal Receivables and the Discount Option Receivables in each case (for both the numerator and the denominator) at the end of the preceding Due Period and (b) Collections of Principal Receivables on such date (without giving effect to the proviso in the definition of Principal Receivables).

Examples of Discount Option Receivable Collections in a sentence

• On and after the date of satisfaction of the above conditions, in processing Collections of Principal Receivables of the Accounts the Servicer shall deem the product of the Discounted Percentage and Collections of such Principal Receivables as “Discount Option Receivable Collections” and shall treat such Discount Option Receivable Collections for all purposes hereunder as Collections of Finance Charge Receivables.

• On and after the date of satisfaction of the above conditions, in processing Collections of Principal Receivables of the Accounts, the Servicer shall deem the product of the Discounted Percentage and Collections of such Principal Receivables as “Discount Option Receivable Collections” and shall treat such Discount Option Receivable Collections for all purposes hereunder as Collections of Finance Charge Receivables.

• On and after the date of satisfaction of the above conditions, in processing Collections of Principal Receivables of the Accounts, the Servicer shall deem the product of the Discounted Percentage and Collections of such Principal Receivables as "Discount Option Receivable Collections" and shall treat such Discount Option Receivable Collections for all purposes hereunder as Collections of Finance Charge Receivables.

• After the Discount Option Date, the Sellers shall treat Discount Option Receivable Collections as Collections of Finance Charge Receivables.

• Notwithstanding any cessation of the transfer to the Trust of additional Receivables, Receivables transferred to the Trust prior to the occurrence of any such voluntary or involuntary event and all Collections thereof, including Finance Charge Collections (other than Discount Option Receivable Collections), whenever created or accrued in respect of such Receivables shall continue to be a part of the Trust.

More Definitions of Discount Option Receivable Collections

Discount Option Receivable Collections means on any Date of Processing -------------------------------------- occurring in any Monthly Period succeeding the Monthly Period in which the Discount Option Date occurs, the product of (a) a fraction (i) the numerator of which is the Discount Option Receivables and (ii) the denominator of which is the sum of the Principal Receivables and the Discount Option Receivables in each case (for both the numerator and the denominator) at the end of the prior Date of Processing and (b) Collections of Original Principal Receivables on such Date of Processing.

Discount Option Receivable Collections means, on any Date of Processing on and after the date on which the Transferor's exercise of its discount option pursuant to Section 2.8 is in effect, the product of (a) a fraction the numerator of which is the amount of Discount Option Receivables and the denominator of which is the sum of the Principal Receivables and the Discount Option Receivables, in each case at the end of the prior Monthly Period, and (b) Collections of Principal Receivables (without giving effect to Discount Option Receivables) on such Date of Processing.

Discount Option Receivable Collections means on any Date of Processing, the product of (i) a fraction the numerator of which is the aggregate amount of Discount Option Receivables and the denominator of which is the sum of the aggregate amount of Principal Receivables and the aggregate amount of Discount Option Receivables, in each case at the end of the prior Date of Processing and (ii) Collections of Principal Receivables on such Date of Processing (without giving effect to the proviso in the definition of Principal Receivables).

Discount Option Receivable Collections means on any Date of Processing occurring in any Monthly Period succeeding the Monthly Period in which the Discount Option Date occurs, the product of (a) a fraction, the numerator of which is the Discount Option Receivables and the denominator of which is the sum of the Principal Receivables and the Discount Option Receivables, in each case (for both the numerator and the denominator) at the end of the preceding Monthly Period and (b) Collections of Principal Receivables on such Date of Processing (without giving effect to the proviso in the definition of Principal Receivables).

Discount Option Receivable Collections means on any Date of Processing, on and after the date on which the Transferor’s exercise of its discount option pursuant to Section 2.8 takes effect, the product of (a) a fraction the numerator of which is the amount of Discount Option Receivables and the denominator of which is the sum of the Principal Receivables and the Discount Option Receivables in each case (for both numerator and denominator) at the end of the prior Date of Processing, (b) Collections of Principal Receivables and Discount Option Receivables received on such Date of Processing and (c) a fraction the numerator of which is the aggregate amount of Principal Receivables arising on each Date of Processing falling on or after the date on which the Transferor exercises its discount option and the denominator of which is the Aggregate Principal Receivables on such Date of Processing.

Discount Option Receivable Collections shall have the meaning specified in

Discount Option Receivable Collections means on any Date of Processing occurring after a Discount Option Date occurs, the product of (a) a fraction the numerator of which is the Discount Option Receivables and the denominator of which is the sum of the Principal Receivables and the Discount Option Receivables in each case