Receivables Advance Amount definition
Receivables Advance Amount means, as of any Funding Date or any other date of determination, an amount equal to the sum of (a) the difference between (i) the aggregate Receivables Balance of all Eligible Receivables after taking into account, in the case of a calculation made on any Funding Date, the pledge of Subsequent Receivables on such Funding Date and (ii) the Current Peak Note Percentage Reserve Amount plus (b) cash in the Collection Account (excluding any amounts necessary to pay amounts required to be paid pursuant to clauses First through Tenth of Section 5.03(b) hereof on the next Payment Date, to the extent such amounts are identified on or before such Funding Date or such other date of determination.)
Receivables Advance Amount means the sum of (a) the Class A Receivables Advance Amount plus (b) the Class B Receivables Advance Amount.
Receivables Advance Amount means, in respect of an Eligible Receivable, the amount produced by (i) deducting from the face amount of such Eligible Receivable the maximum discounts, credits and allowances of any nature which may be taken by or granted to such account debtor or any other person in connection with such Eligible Receivable and (ii) multiplying the resultant balance by the applicable Receivables Percentage.
Examples of Receivables Advance Amount in a sentence
To the extent that any Daily Invoice reflects an Incremental Receivables Advance Amount, Party A shall advance such amount to Party B (together with the Initial Receivables Advance, collectively the “Receivables Advances”).
Advance Amount The Agent acting reasonably shall determine the Receivables Advance Amount for the Receivables specified in a Receivables Notice on the basis of information provided by the Company or relevant Borrower and will (upon request) advise the Senior Lenders and the relevant Borrower of such determination.
More Definitions of Receivables Advance Amount
Receivables Advance Amount means, as of any Funding Date, an amount equal to the sum of (a) the difference between (i) the aggregate Receivables Balance of all Eligible Receivables (excluding Pre-Funded Receivables) after taking into account the pledge of Subsequent Receivables on such Funding Date and (ii) the Current Peak Note Percentage Reserve Amount plus (b) the Pre-Funded Collateral.
Receivables Advance Amount means (i) with respect to the Closing Date, an amount equal to the product of (A) the aggregate Receivable Balance of all Eligible Receivables times (B) the Note Percentage, and (ii) with respect to each Funding Date, an amount equal to (y) the product of (A) the aggregate Receivable Balance of all Eligible Receivables after taking into account the pledge of the Subsequent Receivables on such Funding Date times (B) the Note Percentage minus (z) the Note Principal Balance as of such Funding Date (after taking into account any distributions to be made on such Funding Date).