Required Net Receivables Balance definition
Required Net Receivables Balance means, as of any day of determination, the sum of (i) the aggregate of the Loss and Dilution Reserves for all outstanding Series, plus (ii) the aggregate of the Yield/Fee Reserves for all outstanding Series plus (iii) the aggregate of all Invested Amounts for all outstanding Series (computed as if reduced by (A) the aggregate amount of Cure Funds held in the Cure Account for each Series and (B) the cumulative amount of funds held at such time in the Concentration Account as all or a portion of the Trust Partial Amortization Amount allocable to each such Series).
Required Net Receivables Balance means [to be inserted from final Pooling and Servicing Agreement].
Required Net Receivables Balance means as of any day of determination, the sum of (i) the aggregate of the Loss and Dilution Reserves for all outstanding Series, (ii) the aggregate of the Yield Reserves for all outstanding Series and (iii) the Trust Invested Amount (computed as if reduced by (A) the amount of Cure Funds held in the Reserve Account for each Series and (B) the cumulative amount of funds held at such time in the Concentration Account allocated to the Trust Partial Amortization Amount.
Examples of Required Net Receivables Balance in a sentence
As of the Initial Issuance Date for any Series, the Net Receivables Balance is at least equal to the Required Net Receivables Balance.
Net Receivables Balance falls below the Required Net Receivables Balance.
More Definitions of Required Net Receivables Balance
Required Net Receivables Balance is added in proper alphabetical order:
Required Net Receivables Balance is defined on Schedule 1.01.7.