Examples of Finance Charge Receivable in a sentence
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.
For the first quarter of 2006, $1.0 of excess tax benefits were generated.
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%.
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.
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.