Net Eligible Pool Balance means, as of any date of determination, the remainder of (a) the Eligible Pool Balance at such time, minus (b) the Excess Concentration Amount at such time.
Net Eligible Pool Balance means, at any time, (a) the sum of the Net Outstanding Balances of the Receivables in the Net Eligible Pool, minus (b) the sum of (i) Eligible Unapplied Cash and Credits, (ii) the amount by which (A) the sum of the Net Outstanding Balances of the Receivables in the Net Eligible Pool having due dates that have been adjusted and that have been outstanding for more than ninety (90) days from their original due dates, exceeds (B) an amount equal to five percent (5%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool, (iii) the amount by which (A) the sum of the Net Outstanding Balances of the Receivables in the Net Eligible Pool for which the Obligors are Governmental Authorities, exceeds (B) an amount equal to one percent (1%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool, (iv) the amount by which (A) the sum of the Net Outstanding Balances of the Special Term Receivables, exceeds (B) an amount equal to four percent (4%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool, (v) the amount by which (A) the sum of the Net Outstanding Balances of the Receivables in the Net Eligible Pool for which the Obligors are a resident of Quebec, Canada, exceeds (B) an amount equal to one percent (1%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool, (vi) the amount by which (A) the sum of the Net Outstanding Balances of the German Originator Receivables in the Net Eligible Pool, exceeds (B) an amount equal to twelve percent (12%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool, (vii) the amount by which (A) the sum of the Net Outstanding Balances of Singapore Originator Receivables, exceeds (B) an amount equal to eighteen percent (18%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool and (viii) with respect to each Foreign Country Receivables Group, the amount by which (A) the sum of the Net Outstanding Balances of the Eligible Receivables in such Foreign Country Receivables Group, exceeds (B) an amount equal to the applicable Country Specific Percentage of the Net Outstanding Balances of the Receivables in the Net Eligible Pool.
Net Eligible Pool Balance means, at any time, (a) the sum of the Net Outstanding Balances of the Receivables in the Net Eligible Pool, minus (b) the sum of (i) Eligible Unapplied Cash and Credits, (ii) the amount by which (A) the sum of the Net Outstanding Balances of the Receivables in the Net Eligible Pool having due dates that have been adjusted and that have been outstanding for more than ninety (90) days from their original due dates, exceeds (B) an amount equal to five percent (5%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool, (iii) the amount by which (A) the sum of the Net Outstanding Balances of the Receivables in the Net Eligible Pool for which the Obligors are Governmental Authorities (excluding the United States Federal Government), exceeds (B) an amount equal to five percent (5%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool, (iv) the amount by which (A) the sum of the Net Outstanding Balances of the Special Term Receivables, exceeds (B) an amount equal to one and one-half percent (1.5%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool and (v) the amount by which (A) the sum of the Net Outstanding Balances of the Specified Receivables, exceeds (B) an amount equal to five percent (5.0%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool.
Examples of Net Eligible Pool Balance in a sentence
Each Receivable included as an Eligible Receivable in the calculation of the Net Eligible Pool Balance as of any date is an Eligible Receivable as of such date.
More Definitions of Net Eligible Pool Balance
Net Eligible Pool Balance means, at any time, (a) the sum of the Net Outstanding Balances of the Receivables in the Net Eligible Pool minus (b) the sum of (i) Eligible Unapplied Cash and Credits, (ii) the amount by which (A) the sum of the Net Outstanding Balances of the Receivables in the Net Eligible Pool having due dates that have been adjusted and that have been outstanding for more than ninety (90) days from their original due dates, exceeds (B) an amount equal to five percent (5%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool, (iii) the amount by which (A) the sum of the Net Outstanding Balances of the Receivables in the Net Eligible Pool for which the Obligors are Governmental Authorities (excluding the United States Federal Government) exceeds (B) an amount equal to five percent (5%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool, and (iv) the amount by which (A) the sum of the Net Outstanding Balances of the Receivables in the Net Eligible Pool for which the Obligors are residents of Canada exceeds (B) an amount equal to five percent (5%) of the Net Outstanding Balances of the Receivables in the Net Eligible Pool.
Net Eligible Pool Balance means, as of any date of determination, the difference of (i) the Eligible Pool Balance as of such date minus (ii) the Excess Concentration Amount as of such date. "Non-Extending Lender" means, after its respective Commitment Termination Date, each Lender that has declined to extend its Commitment Termination Date in accordance with Section 2.04, to the extent not replaced pursuant to Section 2.04(b). "Non-Prime Receivable" means (i) a Receivable that is either a Near Prime Receivable or for which, at the time of underwriting, the related FICO Score was less than 680 or (ii) there was no FICO Score. Unless otherwise expressly provided herein, a Subprime Receivable shall be treated as a Non-Prime Receivable for purposes of this Agreement. "NYFRB" means the Federal Reserve Bank of New York. "NYFRB Rate" means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided, that if none of such rates are published for any day that is a Business Day, the term 'NYFRB Rate' means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received by the Administrative Agent from a federal funds broker of recognized standing selected by it; 32
Net Eligible Pool Balance means, as of any date of determination, the difference of (i) the Eligible Pool Balance as of such date minus (ii) the Excess Concentration Amount as of such date. "Non-Extending Lender" means, after its respective Commitment Termination Date, each Lender that has declined to extend its Commitment Termination Date in accordance with Section 2.04, to the extent not replaced pursuant to Section 2.04(b). "Non-Prime Receivable" means a Receivable that is either a Near Prime Receivable or a Subprime Receivable. "Non-Prime Serviced Portfolio Receivable" means a Serviced Portfolio Receivable for which, at the time of underwriting, (i) the related FICO Score was less than 680 (including a FICO Score of zero) or (ii) there was no FICO Score. "NYFRB" means the Federal Reserve Bank of New York.
Net Eligible Pool Balance set forth in Exhibit I of the Agreement is replaced in its entirety with the following:
Net Eligible Pool Balance means, at any time, (a) the sum of the Net Outstanding Balances of the Receivables in the Net Eligible Pool minus (b) Eligible Unapplied Cash and Credits at such time.
Net Eligible Pool Balance means, as of any date of determination, the remainder of (a) the Eligible Pool Balance at such time, minus (b) the Excess Concentration Amount at such time, minus (c) the sum of the Discounted Amounts for each Eligible Participation at such time. “Net Excess Spread Rate” means, with respect to any Determination Date for any Monthly Period, the product of (x) 12, and (y) the percentage equivalent of a fraction (1) the numerator of which is the excess, if any, of (a) the sum of (i) in respect of each Reduced Rate Loan, the aggregate amount of Collections of interest and fees received on the Receivables during such Monthly Period, (ii) in respect of each 0% Interest Loan, Collections received during such Monthly Period that are allocable to the Discounted Amount of such 0% Interest Loan during such Monthly Period (measured whether or not the Participation owned by the Borrower in respect of such 0% Interest Loan is then an Eligible Participation), (iii) in respect of each Deferred Interest Loan, Collections received in respect thereof during such Monthly Period multiplied by a percentage equal to one (1) minus the Class A Advance Rate (or, if then applicable and if higher than the Class A Advance Rate, the Class B Advance Rate) applicable to such Deferred Interest Loan (such rate to be applicable whether or not the Participation then owned by the Borrower in respect of such Deferred Interest Loan is then an Eligible Participation), (iv) all payments received during such Monthly Period in respect of previously Charged-Off Participations and (v) all amounts received from the Hedge Counterparty under any Hedging Agreement during such Monthly Period, over (b) the sum of (i) the Servicing Fee paid during such Monthly Period, (ii) all other fees paid under the Transaction Documents during such Monthly Period (excluding the Class A Upfront Fee, the Class A Unused Fee, the Class B Upfront Fee and the Class B Unused Fee) and (iii) the aggregate Participation Balance of Participations which became Charged-Off Participations during such Monthly Period (with such Participation Balance measured as of the date such Participations became a Charged-Off Participation) and (iv) the Class A Interest Amount and the Class B Interest Amount paid during such Monthly Period, and (2) the denominator of which is equal to the daily average Aggregate Loan Principal Balance during such Monthly Period. “NYFRB” means the Federal Reserve Bank of New York. “NYFRB Rate” means, for any day, th...
Net Eligible Pool Balance set forth in Exhibit I of the Agreement is amended by replacing the percentage “1.5%” where it appears in clause (b)(iv)(B) thereof with the percentage “3.5%”.