Receivables Financing Amount means at any date, with respect to any Receivables Facility of any Person, the sum on such date of (a) the aggregate uncollected balances of Accounts Receivable (as defined in the definition of "Receivables") transferred ("Transferred Receivables") in such Receivables Facility plus (b) the aggregate amount of all collections of Transferred Receivables theretofore received by such Person but not yet remitted to the purchaser, net of all reserves and holdbacks retained by or for the benefit of the purchaser and net of any interest retained by such Person and reasonable costs and expenses (including fees and commissions and taxes other than income taxes) incurred by such Person in connection therewith and not payable to any Affiliate of such Person.
Receivables Financing Amount means at any date, with respect to any Receivables Facility of any Person, the sum on such date of (a) the aggregate uncollected balances of Accounts Receivable (as defined in the definition of “Receivables”) transferred (“Transferred Receivables”) in such Receivables Facility plus (b) the aggregate amount of all collections of Transferred Receivables theretofore received by such Person but not yet remitted to the purchaser, net of all reserves and holdbacks retained by or for the benefit of the purchaser and net of any interest retained by such Person and reasonable costs and expenses (including fees and commissions and taxes other than income taxes) incurred by such Person in connection therewith and not payable to any Affiliate of such Person.
Receivables Financing Amount means the sum of (a) the Attributable Indebtedness of Permitted Securitization Transactions plus (b) the Attributable Indebtedness of Permitted Recourse Factoring Transactions plus (c) the aggregate net book value of all of the accounts receivable subject to Permitted Non-Recourse Factoring Transactions.
Examples of Receivables Financing Amount in a sentence
In addition, in the event of any Expanded Permitted Receivables Financing, then the Revolving Committed Amount then in effect shall automatically and immediately be permanently reduced dollar-for-dollar by the Additional Permitted Receivables Financing Amount.
The aggregate amount of Debt described in clause (vi) of this definition at any time shall be the aggregate Receivables Financing Amount with respect to such Debt at such time.
In the case of the Borrower, permit the ratio of (a) the sum of Total Liabilities and the Receivables Financing Amount to (b) Consolidated Net Worth plus the minority equity interest in Metris to be greater than 6.0 to 1.0.
In the case of the Borrower, permit the ratio of (a) the sum of Total Liabilities and the Receivables Financing Amount to (b) Consolidated Net Worth to be greater than the lesser of (i) 5.00 to 1.00 and (ii) any more restrictive ratio set forth in the Note Purchase Agreement.
More Definitions of Receivables Financing Amount
Receivables Financing Amount means, at any time, (i) with respect to any Receivables Financing that constitutes Debt (other than solely pursuant to clause (vi) of the definition of Debt), the outstanding principal amount thereof at such time and (ii) with respect to any Receivables Financing that constitutes Debt solely pursuant to clause (vi) of the definition of Debt, the amount of the proceeds received by the transferor to the extent the transferee is entitled at such time to the recovery of such amount out of the proceeds of the assets transferred.
Receivables Financing Amount means, at any time, the sum of (i) the aggregate original amount paid to the Borrower and/or its Subsidiaries with respect to the purchase of interests in Accounts sold under a Receivables Transfer Program (other than that conducted through the Fingerhut Master Trust), as reduced from time to time by the aggregate amount of collections of cash or negotiable instruments and other proceeds of the sold Accounts that have been distributed to the purchasers of such interests in the Accounts and (ii) in the case of the Receivables Transfer Program conducted through the Fingerhut Master Trust, the outstanding amount, without duplication, of investor certificates issued by the Fingerhut Master Trust at any given time, but not including any investor certificates owned by FRI or the exchangeable transferor certificate representing the retained interest in Fingerhut Master Trust not represented by any other investor certificates.
Receivables Financing Amount means the aggregate of the outstanding balances of the Receivables Financings on the Completion Date (including any amounts due and payable and unpaid pursuant to the terms of the Receivables Financings), plus any breakage, costs, premiums and prepayment fees payable by any Group Company in relation to the release and termination of any hedging and swap arrangements entered into in connection with a Receivables Financing which are unpaid on the Completion Date;
Receivables Financing Amount means, at any time, (i) with respect to any Receivables Financing that constitutes Debt (other than solely pursuant to clause (vi) of the definition of Debt), the outstanding principal amount thereof at such time and (ii) with respect to any Receivables Financing that constitutes Debt solely pursuant
Receivables Financing Amount means the aggregate amount of all loans and advances to, receivables due from, capital contributions to or Guarantees of the obligations of, a Securitization Subsidiary or other special purpose bankruptcy remote entity in connection with a Permitted Receivables Financing.
Receivables Financing Amount means at any date, with respect to any Receivables Facility of any Person that does not represent an Incurrence of Indebtedness, the sum on such date of (a) the aggregate uncollected balances of Accounts Receivable (as defined in the definition of "Receivables") transferred ("Transferred Receivables") in such Receivables Facility plus (b) the aggregate amount of all collections of Transferred Receivables theretofore received by such Person but not yet remitted to the purchaser, net of all reserves and holdbacks retained by or for the benefit of the purchaser and net of any interest retained by such Person and reasonable costs and expenses (including fees and commissions and taxes other than income taxes) Incurred by such Person in connection therewith and not payable to any Affiliate of such Person.
Receivables Financing Amount means, as of any date of determination, the sum of (a) the aggregate outstanding amount of Indebtedness under any outstanding Permitted Securitization Transactions and Permitted Recourse Factoring Transactions plus (b) for all Permitted Non-Recourse Factoring Transactions, the amount remaining payable to the buyer in respect of the assets sold, exclusive of the buyer’s yield on the transaction and after taking into account reserve accounts and making any other appropriate adjustments, all as determined by the Administrative Agent in its reasonable judgment.