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

• The Minimum Principal Receivables Balance is generally calculated by dividing the Investor Interest by 93%.

• If the Principal Receivables in the Trust are less than the Minimum Principal Receivables Balance, and Discover Bank fails to assign sufficient Receivables to eliminate the deficiency, then an amortization event would occur.

• The Discover Card Master Trust I is required to maintain Principal Receivables greater than or equal to the Minimum Principal Receivables Balance.

• If the Principal Receivables in the Master Trust are less than the Minimum Principal Receivables Balance, and Discover Bank fails to assign sufficient Receivables to eliminate the deficiency, then an amortization event would occur.

• Pursuant to the Pooling and Servicing Agreement, the Discover Card Master Trust I is required to maintain Principal Receivables greater than or equal to the Minimum Principal Receivables Balance.

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

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

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, at any time, the sum of the ------------------- Outstanding Balances of all Lease Receivables included in the Pledged Assets at such time.