Ineligible Amount on any Determination Date shall mean the amount of Ineligible Receivables included in the Trust on such Determination Date pursuant to Section 2.09.
Ineligible Amount means, with respect to any Series and any date of determination (and calculated as of the related Measurement Date), an amount equal to the aggregate Principal Balance of the related Group Receivables that are not Eligible Receivables for such Series.
Ineligible Amount means on any Determination Date, the amount of Ineligible Receivables included in the Trust on the last day of the preceding Collection Period pursuant to Section 2.9 of the Trust Sale and Servicing Agreement.
Examples of Ineligible Amount in a sentence
On or before each Acquisition Date on which Receivables will be designated to a Group, the Servicer will determine whether the related pool of Group Receivables to be held by the Trust, including any Receivables to be acquired and designated to such Group, results in any Excess Concentration Amount or Ineligible Amount, if applicable, existing for any Series of such Group for which Credit Extensions are Outstanding, in each case, if applicable, and calculated as of the related Measurement Date.
More Definitions of Ineligible Amount
Ineligible Amount. ’ generally means the amount of the dividend that comprises
Ineligible Amount on any Determination Date shall mean the amount of Ineligible Receivables included in the Issuer on such Determination Date pursuant to Section 2.08. 8 TRANSFER AND SERVICING AGREEMENT
Ineligible Amount has the meaning set forth in clause (g) of the definition of Eligible Receivable. “Information Package” means each report, in substantially the form of Annex A-1 to this Agreement, furnished by or on behalf of the Servicer to the Administrator and each Purchaser Agent pursuant to this Agreement. “Insolvency Proceeding” means: (a) any case, action or proceeding before any court or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the
Ineligible Amount on any Determination Date shall mean the amount of Ineligible Receivables included in the Trust on such Determination Date pursuant to Section 2.09. "Ineligible Receivable" shall mean any Receivable that arises in an Eligible Account, was not an Eligible Receivable at the time of its transfer to the Trust and was transferred to the Trust in accordance with Section 2.09.
Ineligible Amount has the meaning given to that term in clause 4.6 (Funds at Lloyd’s Ineligibility);
Ineligible Amount has the meaning given to that term in clause 4.6 (Funds at Lloyd’s Ineligibility); Increase Request Period the period starting on the date of this agreement and ending 30 business days prior to the Mid-Year Cut-Off Date (as defined in the M&URs); Insolvency Event in relation to an entity means that the entity: