Receivables Balance definition

Receivables Balance means, at any time, the aggregate outstanding principal amount of all Receivables sold by the Seller hereunder.

Receivables Balance means the total net outstanding balance of all Purchased Receivables previously purchased by SunTrust from a Company as of any applicable Purchase Date.

Receivables Balance means, as of any date of determination with respect to any Receivable, the unpaid principal balance of such Receivable as of such date.

Examples of Receivables Balance in a sentence

• Each Receivable included in the Net Receivables Balance as an Eligible Receivable on the date of its purchase under the Receivables Sale Agreement was an Eligible Receivable on such purchase date.

• Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.

• At no time prior to the Amortization Date shall Seller permit the Net Receivables Balance to be less than an amount equal to the sum of (i) the Aggregate Capital plus (ii) the Aggregate Reserves.

• Each Receivable included in the Net Receivables Balance as an Eligible Receivable on the date it came into existence was an Eligible Receivable on such date.

• Each Receivable included in the Net Receivables Balance as an Eligible Receivable on the date of its purchase under the applicable Receivables Sale Agreement was an Eligible Receivable on such purchase date.

More Definitions of Receivables Balance

Receivables Balance means for any Receivable as of any date of determination, the Amount Financed minus the sum, without duplication, of (i) the Principal Reduction Amount with respect to such Receivable on or prior to such day and (ii) any refunded portion of service warranties and service contracts, or of State tax refunds or of physical damage, credit life or disability or gap insurance premiums included in the Amount Financed to the extent actually deposited to the Collection Account; provided that the Receivable Balance of any Receivable that has become a Repurchased Receivable, or has become subject to repurchase pursuant to Section 3.03 of the Sale and Servicing Agreement, shall be zero.

Receivables Balance means the Unpaid Balance of all Eligible Receivables less:

Receivables Balance means, as of any date of determination with respect to a Receivable, the outstanding unreimbursed amount of such Receivable. For purposes of determining the Borrowing Base, a Receivable shall be deemed unreimbursed until the cash reimbursement thereof is deposited into the Collection Account.

Receivables Balance means for any Receivable as of any day, the outstanding principal balance of such Receivable as of such date; provided, that the “Receivables Balance” of a Receivable that is a Defaulted Receivable shall be zero from and after the date it becomes a Defaulted Receivable.

Receivables Balance means for any Receivable as of any date of determination, the sum of (a) the Amount Financed minus the sum, without duplication, of (i) the Principal Reduction Amount with respect to such Receivable on or prior to such day and (ii) any refunded portion of service warranties and service contracts, or of State tax refunds or of physical damage, credit life or disability or gap insurance premiums included in the Amount Financed to the extent actually deposited to the Collection Account and (b) accrued and unpaid interest thereon, if any, calculated at the APR provided for in the retail installment contract evidencing such Receivable; provided that the Receivable Balance of any Receivable that has become a Repurchased Receivable, or has become subject to repurchase pursuant to Section 3.03 of the Sale and Servicing Agreement, shall be zero.

Receivables Balance has the meaning specified in Section 1.1(i).

Receivables Balance means, at any time, the aggregate Unpaid Balance of all Sold Receivables at such time.