Finance Charge Receivable definition

Finance Charge Receivable means any Receivable that is a Periodic Finance Charge, a Cash Advance Fee, a Late Fee, an Annual Membership Fee, a Draft Fee, a Service Transaction Fee, or a similar fee or charge, including a charge for credit insurance.

Finance Charge Receivable means any Receivable that is a Periodic Finance Charge, a Cash Advance Fee, a Late Fee, an Annual Membership Fee, a Draft Fee, a Service Transaction Fee, or a similar fee or charge, including a charge for credit insurance. Finance Charge Receivables with respect to any Monthly Period shall include the amount of Interchange (if any) and Discount Option Receivables (if any) and other amounts allocable to any Series of Certificates pursuant to any Supplement with respect to such Monthly Period (to the extent received by the Trustee and deposited into the Finance Charge Account or any Series Account, as the case may be, on the Transfer Date following such Monthly Period).

Finance Charge Receivable means a Receivable created in respect of Finance Charges.

Examples of Finance Charge Receivable in a sentence

• The Monthly Servicing Fee for each Monthly Period shall equal one-twelfth of the product of (a) the Trust Principal Balance (calculated without giving effect to any recharacterization of any portion of a Principal Receivable as a Finance Charge Receivable pursuant to Section 2.8 of the Transfer Agreement) as of the end of the prior Monthly Period and (b) 2%.

• When the provisions of this subsection 2.4(c) require designation of a Receivable as an Ineligible Receivable, the Servicer shall deduct the product of the unpaid balance of such Ineligible Receivable and one MINUS the Finance Charge Receivable Factor from the Principal Receivables in the Trust and decrease the Transferor Amount by such amount.

• Similarly, the aggregate amount of the Principal Receivables used to calculate the Transferor Amount and the applicable Investor Percentages applicable to any Series will be reduced by the product of one MINUS the Finance Charge Receivable Factor and the amount of any Receivable which was discovered as having been created through a fraudulent or counterfeit charge or with respect to which the covenant contained in subsection 2.5(b) was breached.

• Similarly, the amount of Principal Receivables will be reduced by the product of one minus the Finance Charge Receivable Factor and the amount of any Receivable which was a fraudulent or counterfeit charge or with respect to which the covenant of the Transferor contained in Section 2.7(b) has been breached.

• When the provisions of this subsection 2.5(a) require designation of a Receivable as an Ineligible Receivable, the Servicer shall deduct the product of the unpaid balance of such Ineligible Receivable and one minus the Finance Charge Receivable Factor from the Principal Receiv- ables in the Trust and decrease the Transferor Amount by xxxx amount.

More Definitions of Finance Charge Receivable

Finance Charge Receivable means, with respect to an Account, any Receivable billed to a cardholder under the related Credit Card Agreement in respect of (a) periodic credit or other finance charges, (b) membership fees, if any, (c) cash advance fees; (d) service and transaction fees, (e) administrative fees and late charges, (f) applicable allocated Interchange Fees, and (g) any other fees or amounts with respect to the Account other than Principal Receivables which are designated by the Seller by notice to the Custodian from time to time to be included as Finance Charge Receivables;

Finance Charge Receivable means any Credit Card Receivable other than Principal Receivables, including, without limitation, Credit Card Receivables created in respect of any applicable fees and charges.

Finance Charge Receivable means a Receivable in respect of Finance Charges.

Finance Charge Receivable means the portion of any Pool Receivable that is not the related Principal Receivable, including, without limitation, the right to the payment of finance charges, interest payments, late payment charges, collection fees, extension fees and other amounts actually accrued thereon on a current basis.

Finance Charge Receivable means any Receivable that is a Periodic Finance Charge, a Cash Advance Fee, a Late Fee, an Annual Membership Fee, a Draft Fee, a Service Transaction Fee, or a similar fee or charge. Finance Charge Receivables with respect to any Monthly Period shall include the amount of Interchange (if any) deposited into the Collection Account on any Date of Processing with respect to such Monthly Period and Discount Option Receivables (if any) and other amounts allocable to any Series of Notes pursuant to any Indenture Supplement with respect to such Monthly Period (to the extent received by the Servicer and deposited into the Collection Account or any Supplemental Account, as the case may be, on the Transfer Date following such Monthly Period).

Finance Charge Receivable has the meaning specified in the Indenture.

Finance Charge Receivable means the indebtedness arising in connection with the extension by AIL to an Obligor of a loan or an advance for the payment of Financial Charges.