Periodic Finance Charges shall have the meaning specified in the Credit Card Agreement applicable to each Account for finance charges (due to periodic rate) or any similar term.
Periodic Finance Charges shall have, with respect to any Account, the meaning specified in the Charge Account Agreement applicable to such Account for finance charges (due to periodic rate) or any similar term.
Periodic Finance Charges means, with respect to each Loan, the monthly finance charges payable under the related Premium Finance Agreement by the related Obligor.
Examples of Periodic Finance Charges in a sentence
The Receivables consist of Principal Receivables which arise generally from the purchase of goods and services and of amounts advanced to cardholders as cash advances, and of Finance Charge Receivables which arise generally from Periodic Finance Charges and other fees and charges, as more fully specified in the Pooling and Servicing Agreement.
The Receivables consist of Principal Receivables which arise generally from the purchase of merchandise and services and amounts advanced to cardholders as cash advances and Finance Charge Receivables which arise generally from Periodic Finance Charges, Late Fees and other fees and charges with respect to the Accounts.
Subject to compliance with all Requirements of Law, and the paragraph above, the Seller may change the terms and provisions of the Credit Agreements or the applicable Credit Card Guidelines of the Seller in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Finance Charges to be assessed thereon).
Receivables in an amount equal to the product of the Yield Factor (initially 1.3%) and amounts charged by cardholders for goods and services and cash advances (the "Discount Receivables") will be allocated to the Certificates and treated as Finance Charge Receivables (Discount Receivables, together with the Periodic Finance Charges, Annual Membership Fees and Other Charges, the "Finance Charge Receivables").
The Receivables consist of Principal Receivables which arise generally from the purchase of goods and services and cash advances and in respect of Periodic Finance Charges, Overlimit Fees, Late Fees, annual membership fees and annual service charges, if any, Cash Advance Fees, transaction charges and all other fees and charges with respect to the Accounts designated by the Seller to be included in Finance Charge Receivables.
More Definitions of Periodic Finance Charges
Periodic Finance Charges means amounts referred to as "finance charges" (or similar terms) in the Account Agreement applicable to any Account. "Permitted Investments" means, unless otherwise provided in the Supplement with respect to any Series: (a) book-entry securities or negotiable instruments or securities represented by instruments in bearer or registered form which evidence (i) obligations of or fully guaranteed by the United States of America, (ii) demand deposits, time deposits or certificates of deposit of any depository institution or trust company incorporated under the laws of the United States of America or any state thereof or domestic branches of foreign banks and subject to supervision and examination by Federal or state banking or depository institution authorities, provided that at the time of the Trust's investment or contractual commitment to invest therein, the certificates of deposit or short-term deposits of such depository institution or trust company shall have a credit rating from Moody's and Standard & Poor's of P-1 and A-1+, respectively, (iii) commercial paper having, at the time of the Trust's investment or contractual commitment to invest therein, a rating from Moody's and Standard & Poor's of P-1 and A-1+, respectively, and, if rated by Fitch, F-1+ by Fitch, (iv) bankers' acceptances issued by any depository institution or trust company described in clause (a)(ii), (v) investments in money market funds rated AAA-m or AAA-mg by Standard & Poor's and P-1 by Moody's and, if rated by Fitch, AAA by Fitch, if such investment will not require the Trust to register as an "investment company" under the Investment Company Act, and (vi) repurchase obligations with respect to (A) any security described in clause (a)(i) or (B) any other security issued or guaranteed by an agency or instrumentality of the United States of America, in either case entered into with a depository institution or trust company (acting as principal) described in clause (a)(ii); (b) demand deposits in the name of the Trust or Trustee in any depository institution or trust company described in clause (a)(ii); and (c) any other investment if (i) the Rating Agency Condition has been satisfied and (ii) purchase of such investment will not require the Trust to be registered as an investment company under the Investment Company Act. "Person" means any legal person, including any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, tr...
Periodic Finance Charges means, in respect of a Designated Agreement, the finance charges (due to periodic rate) or any similar term as specified or defined in such Designated Agreement.
Periodic Finance Charges means, in respect of an Account, any periodic finance charges or any similar term as specified or defined in the Credit Agreement applicable to that Account.
Periodic Finance Charges means, with respect to each Loan, the monthly finance charges payable under the related Premium Finance Loan Agreement by the related Obligor.
Periodic Finance Charges shall have the meaning specified in the ------------------------ Credit Card Agreement applicable to each Account for finance charges (based on a periodic rate) or similar term. "Permitted Investments" shall mean (a) negotiable instruments or --------------------- securities represented by instruments in bearer or registered form which evidence (i) obligations fully guaranteed as to timely payment by the United States of America; (ii) certificates of deposit of, or bankers' acceptances issued by, any depository institution or trust company incorporated or licensed under the laws of the United States of America or any state thereof and subject to supervision and examination by federal or state banking or depository institution authorities (which may be the Trustee or the Originator or an Affiliate of either); provided, however, that at the time -------- ------- of the Trust's investment or reinvestment or contractual commitment to invest or reinvest therein, such depository institution or trust company shall have the highest short-term rating granted by each Standard & Poor's and Moody's; (iii) commercial paper having, at the time of the Trust's investment or reinvestment or contractual commitment to invest or reinvest therein, a rating from each Standard & Poor's and Moody's in the highest short-term category granted by Standard & Poor's or Moody's, as applicable; (iv) investments in money market funds having the highest long-term rating granted by each Standard & Poor's and Moody's and maintained by commercial banks having unimpaired capital and unimpaired surplus of at least $500,000,000; (v) eurodollar time deposits having the highest long-term rating granted by each Standard & Poor's and Moody's; (vi) repurchase agreements involving any of the Permitted Investments described in clauses (i) through (iv) above so long as the other party to the repurchase agreement has the rating described in clause (iii) above; and (vii) any other investment, if each Standard & Poor's and Moody's confirms in writing that such investment will not adversely affect any ratings with respect to any Series of Investor Certificates, and (b) demand deposits or time deposits in the name of the Trust or the Trustee in any depository institution or trust company referred to in (a)(ii) above. For the purpose of this definition, "highest short-term rating" when used in respect of Standard Poor's shall mean "A-1+" and in respect of Moody's shall mean "P-1". "Person" shall mean any leg...
Periodic Finance Charges shall have the meaning specified in the Account Agreement applicable to each Account for finance charges (due to periodic rate) or any similar term. Person shall mean any legal person, including any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, Governmental Authority or other entity of similar nature. Pre-Funding Account shall have the meaning specified in Section 4.1(f). Principal Receivables shall mean Receivables other than Finance Charge Receivables and Receivables in Defaulted Accounts.
Periodic Finance Charges shall have, with respect to any Account, the meaning set forth in the Contract applicable to such Account for finance charges (due to periodic rate) or any similar term. "Permitted Lien" shall mean with respect to the Receivables: Liens that secure the payment of taxes, assessments and governmental charges or levies, if such taxes are either (a) not delinquent or (b) being contested in good faith by appropriate legal or administrative proceedings and as to which adequate reserves in accordance with generally accepted accounting principles shall have been established. "Person" shall mean any legal person, including any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, governmental entity or other entity of similar nature. "Pooling and Servicing Agreement" shall mean the Amended and Restated Pooling and Servicing Agreement, dated as of July 20, 1998, as amended from time to time, by and among Direct Merchants Credit Card Bank, National Association, as Servicer, Metris Receivables, Inc., as Transferor and The Bank of New York (Delaware), as Trustee. "Previous Accounts" shall mean all revolving credit card accounts specified in clauses (i) and (ii) of the definition of Account. "Principal Receivables" shall mean amounts shown on the Seller's records as amounts payable by Obligors with respect to Eligible Receivables on any Account other than such amounts that are Finance Charge Receivables or Receivables in Defaulted Accounts and shall include, without limitation, amounts payable for purchases of goods or services or cash advances. A Receivable shall be deemed to have been created at the end of the day on the Date of Processing of such Receivable. In calculating the aggregate amount of Principal Receivables on any day, the amount of Principal Receivables shall be reduced by the aggregate amount of credit balances in the Accounts on such day. "Purchase Price" shall have the meaning set forth in Section 3.1 hereof. "Receivable" shall mean, with respect to any Obligor, all of the indebtedness of such Obligor under an Account, including the right to receive payment of any interest or finance charges and other obligations of such Obligor with respect thereto. Each receivable includes, without limitation, all rights of the Seller under the applicable Contract. "Recoveries" shall mean any amounts received by the Seller with respect to Receivables in Accounts that previously became Defaulted Acco...