Discount Receivables shall have the meaning specified in Section 2.5(e).
Discount Receivables means on any Date of Processing, the sum of (a) the aggregate Discount Receivables at the end of the prior Date of Processing plus (b) any new Discount Receivables created on such Date of Processing minus (c) any Discount Receivable Collections received on such Date of Processing. Discount Receivables created on any Date of Processing shall mean the product of the amount of any Principal Receivables created on such Date of Processing (without giving effect to the proviso in the definition of Principal Receivables) and the Yield Factor.
Discount Receivables means, with respect to any Asset Pool, the Gross Principal Receivables so designated as such pursuant to the designation formula as described in subsection 2.15(a). The aggregate amount of Discount Receivables outstanding on any Date of Processing occurring on or after the Discount Option Date, shall equal the sum of (a) the aggregate Discount Receivables at the end of the prior Date of Processing (which amount, prior to the Discount Option Date, shall be zero) plus (b) any new Discount Receivables created on such Date of Processing minus (c) any Discount Receivables Collections received on such Date of Processing. Discount Receivables created on any Date of Processing shall mean the product of the amount of the Gross Principal Receivables arising in Accounts on such Date of Processing specified in accordance with subsection 2.15(a) and the applicable Yield Factor.
Examples of Discount Receivables in a sentence
Accordingly, on each Discount Option Date after a change in Yield Factor, the Transferor shall apply the new Yield Factor to all or the portion of the Gross Principal Receivables outstanding that have been designated for inclusion in Asset Pool One which are to be treated as Discount Receivables.
More Definitions of Discount Receivables
Discount Receivables means, the Gross Principal Receivables so designated as such pursuant to the designation formula as described in subsection 2.15(a). The aggregate amount of Discount Receivables outstanding on any Date of Processing occurring on or after the Discount Option Date, shall equal the sum of (a) the aggregate Discount Receivables at the end of the prior Date of Processing (which amount, prior to the Discount Option Date, shall be zero) plus (b) any new Discount Receivables created on such Date of Processing minus (c) any Discount Receivables Collections received on such Date of Processing. Discount Receivables created on any Date of Processing shall mean the product of the amount of the Gross Principal Receivables arising in Accounts on such Date of Processing specified in accordance with subsection 2.15(a) and the applicable Yield Factor.
Discount Receivables has the meaning specified in the Transfer and Servicing Agreement.
Discount Receivables means those Receivables which have APRs which are less than the sum of (i) the Pass-Through Rate and (ii) the Servicing Fee Rate.
Discount Receivables means, as of any applicable Additional Cut-Off Date, the amount of Principal Receivables in Additional Accounts designated by the Seller to be treated as Finance Charge Receivables; provided, however, that the Seller may not make any such designation unless
Discount Receivables means, with respect to any Distribution Date, those Receivables that have APR's which are less than the Required Rate.
Discount Receivables means the sum of (a) with respect to Closed End Receivables the product of (i) the applicable Discount Factor and (ii) the aggregate amount shown on the Servicer's records as amounts payable by Obligors with respect to such Receivables (or, with respect to any Closed End Receivables defined in clause (b) of the definition thereof, the aggregate principal amount shown on the Servicer's records as principal amounts payable by Obligors with respect to such Receivables) and (b) with respect to Revolving Receivables the product of (i) the applicable Discount Factor and (ii) the aggregate amount shown on the Servicer's records as amounts payable by Obligors with respect to such Receivables minus the amount of Periodic Finance Charges, overlimit fees, late charges, returned check fees, annual account fees or service charges, transaction charges and similar fees and charges which constitute Finance Charge Receivables with respect to such Revolving Receivables. 11
Discount Receivables means those Receivables that are less than ten (10) days old as of the Closing Date.