Net Eligible Receivables Balance means, as of any date of determination an amount equal to (a) the aggregate Remaining Funded Amount of such Eligible Receivables, minus (b) any Excess Concentration Amounts as of such date of determination.
Net Eligible Receivables Balance means, at any time, (i) the Eligible Receivables Balance at such time, minus (ii) the Overconcentration Amount at such time.
Examples of Net Eligible Receivables Balance in a sentence
Each Ownership Interest shall be computed on its date of purchase and recomputed (or deemed recomputed) on each day prior to the Termination Date on which the Investment associated with such Ownership Interest, the Credit Enhancement or the Net Eligible Receivables Balance changes.
CE)where: I=the Investment of such Ownership Interest.CE=the Credit Enhancement.NERB=the Net Eligible Receivables Balance; provided that if, at the time in question, such Investment is expressed in U.S. Dollars, the U.S. Dollar Equivalent at such time of the Credit Enhancement and Net Eligible Receivables Balance shall be used for the foregoing calculation.
More Definitions of Net Eligible Receivables Balance
Net Eligible Receivables Balance means, as of any date of determination, the excess of (a) the Aggregate Principal Balance of all Eligible Receivables as of such date of determination over (b) the Excess Concentration Amount for the Eligible Receivables.
Net Eligible Receivables Balance means, as of any date of determination, (a) an amount equal to the aggregate amount of Principal Receivables that constitute Eligible Receivables as of such date, minus (b) the aggregate amount of any Excess Concentration Amounts as of such date, plus (c) the aggregate amount of funds on deposit in the Special Funding Account as of such date, plus (d) the aggregate amount of Collections of Principal Receivables in the Collection Account as of such date.
Net Eligible Receivables Balance means, at any time, (a) the aggregate Outstanding Balance of all Eligible Receivables at such time, minus (b) the sum of (i) the Excess Concentration Amount and (ii) the Unapplied Cash and Credits.
Net Eligible Receivables Balance means, as of any date of determination, with respect to any Investment Pool, the aggregate unpaid principal balance of all Eligible Receivables in such Investment Pool as of such date; provided that Eligible Receivables shall be excluded from the determination of Net Eligible Receivables Balance to the extent necessary to ensure that the following concentration limits are not exceeded, in each case, as of such date:
Net Eligible Receivables Balance means, at any time, an amount equal to the aggregate Unpaid Balance of Pool Receivables that are Eligible Receivables, minus (without duplication) the sum of (a) the Overconcentration Amount, plus (b) the Prepayment Reserve Amount, plus (c) the Material Supplier Contra Amount; provided, that the amount included in clauses (a) through (c) above in respect of any Pool Receivable shall not exceed such Pool Receivable’s Unpaid Balance. For avoidance of doubt, no such deductions shall be made in respect of Receivables that are not Eligible Receivables.
Net Eligible Receivables Balance means, at any time, (i) the aggregate Outstanding Balance of all Eligible Receivables at such time minus (ii) the Aggregate Aged Credit Ineligible Amount at such time minus (iii) the aggregate amount by which the Outstanding Balance of all Eligible Receivables of each Obligor and its Affiliates exceeds the Concentration Limit for such Obligor at such time minus (iv) the aggregate amount by which the Outstanding Balance of all Eligible Receivables originated by the Top Four Obligors exceeds the Top Four Concentration Limit at such time.
Net Eligible Receivables Balance means, as of any date of determination, the sum of the following: