Receivable Interest Percentage definition

Receivable Interest Percentage means a fraction (expressed as a percentage) computed on any date of determination as follows: AC + TR NRPB Where: AC = the aggregate Capital of all Receivable Interests on the date of such computation; provided that if the Administrative Agent Account has been established pursuant to Section 6.07 then, solely for purposes of computing the Receivable Interest Percentage, the aggregate Capital on any day shall be deemed to be reduced by an amount equal to the excess, if any, of (i) the aggregate amount of funds then held in the Administrative Agent Account over (ii) the aggregate accrued and unpaid Yield, Fees and Servicing Fees. TR = The Total Reserves on the date of such computation. NRPB = the Net Receivables Pool Balance on the date of such computation. Notwithstanding the foregoing, (i) from and after the date of the Termination Date until the Final Payout Date, the aggregate Receivable Interests of the Purchasers shall equal 100% and (ii) from and after the Final Payout Date, the Receivable Interest Percentage shall be reduced to zero as provided in Section 2.03(c).
Sample 1
Receivable Interest Percentage means, with respect to any Receivable Interest, a percentage equal to the following fraction: C + YR + LR + CAFR __________________ NRPB where: C = the Capital of such Receivable Interest at the time of computation. YR = the Yield Reserve of such Receivable Interest at the time of computation. LR = the Loss and Dilution Reserve of such Receivable Interest at the time of computation. CAFR = the Collection Agent Fee Reserve of such Receivable Interest at the time of computation. NRPB = the Net Receivables Pool Balance at the time of computation.
Sample 1
Receivable Interest Percentage means, with respect to any Receivable Interest, a percentage equal to the following fraction: PP + D + LR RSB where: PP = the Purchase Price for such Receivable Interest. D = the Discount for such Receivable Interest. LR = the Loss Reserve for such Receivable Interest. RSB = the Receivables Set Balance for such Receivable Interest.
Sample 1

Examples of Receivable Interest Percentage in a sentence

  • Under no circumstances shall an Incremental Purchase be made hereunder if, after giving effect thereto, (i) the aggregate outstanding Capital would exceed the Purchase Limit or (ii) the Receivable Interest Percentage would exceed the Maximum Receivable Interest Percentage, as determined by reference to the information set forth in the most recent Servicer Report delivered hereunder.

  • The Seller shall provide to the Collection Agent (if other than the Seller) on a timely basis all information needed for such administration, including notice of the occurrence of any Liquidation Day and current computations of the Receivable Interest Percentage.

  • The Receivable Interest Percentage shall be initially computed on the date of purchase of the applicable Receivable Interest.

  • The Agent, on behalf of the Banks which own Receivable Interests, shall have the Collections attributable to such Receivable Interests automatically reinvested pursuant to Section 2.06 in additional undivided percentage interests in the Pool Receivables by making an appropriate readjustment of such Receivable Interest Percentage.

  • Thereafter until the Termination Date for such Receivable Interest, such Receivable Interest Percentage shall be automatically recomputed (or deemed to be recomputed) on each day other than a Liquidation Day.

  • Under no circumstances shall an Incremental Purchase be made hereunder if, after giving effect thereto, (i) the aggregate 2 outstanding Capital would exceed the Purchase Limit or (ii) the Receivable Interest Percentage would exceed the Maximum Receivable Interest Percentage, as determined by reference to the information set forth in the most recent Servicer Report delivered hereunder.

  • AMOUNTS AND TERMS OF THE PURCHASES 2429 SECTION 2.01 Purchase Facility 2429 SECTION 2.02 Making Purchases 2632 SECTION 2.03 Receivable Interest Percentage 2732 SECTION 2.04 Settlement Procedures 2833 SECTION 2.05 Fees 3136 SECTION 2.06 Payments and Computations, Etc.

  • Any Receivable Interest Percentage, as computed (or deemed recomputed) as of the day immediately preceding the Termination Date for such Receivable Interest, shall there-after remain constant.

  • PURCHASES Section 2.01 Designated Obligors; Special Concentration Limits 15 Section 2.02 Purchase Facility 15 Section 2.03 Making Purchases from the Seller 17 Section 2.04 Receivable Interest Percentage 18 Section 2.05 Fees 18 Section 2.06 Settlement Procedures 18 Section 2.07 Payments and Computations, Etc.

  • The Discount and the Face Amount of each Receivable Interest, and the Receivable Interest Percentage applicable thereto, shall be determined (as of the close of business of the Seller on the Purchase Date for such Receivable Interest), within 18 days after the Purchase Date, and will not subsequently be redetermined.


More Definitions of Receivable Interest Percentage

Receivable Interest Percentage means the percentage of the Collections to be applied to reduce Capital to zero and to pay all other amounts payable to the Agent and the Purchasers in connection with the Program pursuant to Section 2.08.
Sample 1
Receivable Interest Percentage means a fraction (expressed as a percentage) computed on any date of determination as follows:
Sample 1
Receivable Interest Percentage means, with respect to any Receivable Interest, a percentage equal to the following fraction: C + YR + LR + CAFR ---------------------------- NRPB where:
Sample 1

Related to Receivable Interest Percentage

  • Class A Interest Percentage As to any Distribution Date and any Class of Class A Certificates, the percentage calculated by dividing the Interest Accrual Amount of such Class (determined without regard to clause (ii) of the definition thereof) by the Class A Interest Accrual Amount (determined without regard to clause (ii) of the definition of Interest Accrual Amount).

  • Interest Percentage With respect to any Class of Certificates and any Distribution Date, the ratio (expressed as a decimal carried to six places) of the Accrued Certificate Interest for such Class to the sum of the Accrued Certificate Interest for all Classes, in each case with respect to such Distribution Date, without regard to Relief Act Interest Shortfalls.

  • Class B Interest Percentage With respect to any Distribution Date and any Class of Class B Certificates, the percentage calculated by dividing the Interest Accrual Amount of such Class (determined without regard to clause (ii) of the definition thereof) by the Class B Interest Accrual Amount (determined without regard to clause (ii) of the definition of each Interest Accrual Amount).

  • Applicable Interest Period for each Credit Facility has the meaning specified for that Credit Facility in the Credit Facility Schedule; provided, however, that, at any time that the Applicable Prime Rate is the Applicable Index Rate, Applicable Interest Period shall mean the period commencing as of the most recent Applicable Interest Rate Determination Date and continuing until the next Applicable Interest Rate Determination Date or such earlier date as the Applicable Prime Rate shall no longer be the Applicable Index Rate; and provided, further, that, at any time the Libor Rate Index is adjusted as set forth in the definition thereof, or re-implemented following invocation of the Applicable Prime Rate as permitted herein, the Applicable Interest Period shall mean the period commencing as of such adjustment or re-implementation and continuing until the next Applicable Interest Rate Determination Date, if any.

  • Reset Interest Period means each period from (and including) any Reset Date and ending on (but excluding) the next Reset Date.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • Spread Account Percentage means, (i) 0% if the Quarterly Excess Spread Percentage on such Payment Date is greater than or equal to 5.00%, (ii) 2.00% if the Quarterly Excess Spread Percentage on such Payment Date is less than 5.00% and greater than or equal to 4.50%, (iii) 2.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.50% and greater than or equal to 4.00%, (iv) 3.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.00% and greater than or equal to 3.50%, (v) 4.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.50% and greater than or equal to 3.00%, (vi) 5.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.00% and greater than or equal to 2.50%, (vii) 6.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 2.50% and greater than or equal to 1.50%, (viii) 7.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 1.50% and greater than or equal to 0.50% and (ix) 8.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 0.50%.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Prepayment Shift Percentage Not applicable.

  • Class B-4 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Prepayment Percentage for such Distribution Date will be zero.

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Note B Percentage Interest means a fraction, expressed as a percentage, the numerator of which is the Note B Principal Balance and the denominator of which is the sum of the Note A Principal Balance and the Note B Principal Balance.

  • Eurodollar Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Class B Prepayment Percentage Any of the Class B-1 Prepayment Percentage, Class B-2 Prepayment Percentage, Class B-3 Prepayment Percentage, Class B-4 Prepayment Percentage, Class B-5 Prepayment Percentage or Class B-6 Prepayment Percentage.

  • Applicable Interest Rate means, (i) with respect to each Revolving Credit Advance and Term Loan Advance, the Eurodollar-based Rate or the Base Rate, and (ii) with respect to each Swing Line Advance, the Base Rate or, if made available to the Borrower by the Swing Line Lender at its option, the Quoted Rate, in each case as selected by the Borrower from time to time subject to the terms and conditions of this Agreement.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Eurodollar Interest Period means, for any Eurodollar-based Advance, an Interest Period of one, two or three months (or any shorter or longer periods agreed to in advance by the Borrower, Agent and the Lenders) as selected by Borrower, for such Eurodollar-based Advance pursuant to Section 2.3 or 4.4 hereof, as the case may be.

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Prepayment Percentage for such Distribution Date will be zero.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Subsequent Interest Period has the meaning specified in Section 307.