Seller Collections means, with respect to any Deposit Date, that portion of the Collections deposited to the Lock-Box Accounts on such date or received by the Collection Agent on such date equal to the product of (i) 100% minus the Allocation Percentage on such date times (ii) the aggregate amount of such Collections.
Seller Collections means, as of any Deposit Date, that portion of the Collections deposited to the Lock-Box Accounts on such date or received by the Collection Agent on such date equal to the product of (i) 100% minus the Allocation Percentage on such date times (ii) the aggregate amount of such Collections.
Seller Collections means, with respect to any Sold Receivable: (a) all funds that are received (whether in the form of cash, wire transfer, check or otherwise) by an Originator, the Company or the Servicer in payment of any amounts owed in respect of such Sold Receivable (including purchase price, finance charges, interest, Taxes, transmission charges (if any) and all other charges), or applied to amounts owed in respect of such Sold Receivable (including insurance payments and net proceeds of the sale or other disposition of repossessed goods or other collateral or property of the related Obligor or any other Person directly or indirectly liable for the payment of such Sold Receivable and available to be applied thereon), and (b) all Deemed Collections.
Examples of Seller Collections in a sentence
If the Seller receives any Collections (other than Seller Collections), then it shall receive such Collections in trust for the Buyer and deliver the same to the Buyer promptly (but in no event later than two (2) Business Days after receipt) in the same form as received with such endorsement as requested by the Buyer.
More Definitions of Seller Collections
Seller Collections means all cash, checks, money orders and other items of value now or hereafter paid, deposited, credited, held or otherwise in the possession or under the control of the depository bank of the Lockbox Account, or in transit to the Lockbox Account, and which are payments or other collections in respect of receivables originated by Seller that are not Purchased Accounts.
Seller Collections has the meaning set forth in Section 1.4(a).
Seller Collections shall have the meaning assigned to such term in the Receivables Sale Agreement.
Seller Collections means, as of any date, that portion of the Collections deposited to the Concentration Account on such date equal to the product of (a) the aggregate amount of such Collections multiplied by (b) 100% minus the sum of (i) the Total Receivable Interest Percentage on such date and (ii) the "Total Receivable Interest Percentage" under and as defined in the Parallel Purchase Commitment on such date.
Seller Collections means all amounts that become payable by a Fund or a shareholder of a Fund, including without limitation Sales Charges, and are paid, with respect to Shares to which Purchased Receivables relate, in an amount which could not be paid pursuant to the Conduct Rules, calculated (a) as though the Shares of such Fund to which Purchased Receivables relate constituted all of the outstanding Shares of a Fund and (b) assuming such Fund pays a separate Service Fee in respect of such Shares.
Seller Collections. The sum of Seller Interest Collections and Seller Principal Collections.
Seller Collections is defined in Section 1.1(a).