Turnover Days means, as of any date of determination, the amount (expressed in days) equal to:
Turnover Days means, as of any Report Date, an amount equal to the Pool Balance as of the last day of the immediately preceding Collection Period divided by Collections relating to the immediately preceding Collection Period times 30.
Turnover Days at any time during a Settlement Period means the product of (a) the quotient of (i) the aggregate Unpaid Balance of Receivables as of the first day of the next preceding Reporting Period, DIVIDED BY (ii) the aggregate amount of Collections received on all Receivables during such Reporting Period, TIMES (b) the number of days in such Reporting Period.
Examples of Turnover Days in a sentence
Borrower shall not permit its Accounts Receivable Turnover Days to exceed the Maximum Accounts Receivable Turnover Days set forth on Schedule A.
At any time, on a consolidated basis, the Borrower's Accounts Payable Turnover Days shall not exceed 70.
Borrower shall not permit its Inventory Turnover Days to be more than 120 days, as calculated annually on the anniversary of this Agreement.
Permit the Inventory Turnover Days (as defined below) at the end of any fiscal month to be greater than the number of days set forth below opposite such fiscal month.
The Accounts Receivable Turnover Days shall be determined as of the last day of each month for the 3-month period ending on such date.
More Definitions of Turnover Days
Turnover Days at any time during a Settlement Period, means the product of (a) a fraction the numerator of which is the aggregate Unpaid Balance of all Receivables as of the first day of the next preceding Settlement Period and the denominator of which is the aggregate amount of collections received on all Receivables during such next preceding Settlement Period and (b) the number of days in such next preceding Settlement Period.
Turnover Days means, at any time, the greater of (a) thirty (30) and (b) the quotient of:
Turnover Days means, at any time, the quotient of:
Turnover Days means, as calculated in any Settlement Statement, that period (expressed in days) calculated as (a) the sum of the aggregate Outstanding Balances of the Receivables as of the last three (3) Cut-Off Dates divided by (b) the sum of the aggregate Original Balances of Receivables generated during the corresponding Collection Periods multiplied by (c) thirty (30) days. From the Effective Date until the first Settlement Statement, the Turnover Days shall be calculated as set forth on Schedule 1, and the underlying calculations for each of the three (3) Collection Periods preceding the first Settlement Date to be used in future calculations of the Turnover Days shall be as set forth in such Schedule 1.
Turnover Days means, at any time, that number of days calculated in the most recent Settlement Statement for the Receivables in accordance with the following formula: x y TD = (UB + UB ) X 1 X ED ----------- --- 2 NR where: TD = the Turnover Days for the Receivables;
Turnover Days means, as calculated in any Purchase Report, that period (expressed in days) calculated as the product of (a) the quotient of (i) the aggregate Outstanding Balance of Receivables originated by the Originator as of the last day of the calendar month which occurs two months prior to the month to which the Purchase Report relates, divided by (ii) the aggregate amount of the Collections received during the prior calendar month, multiplied by (b) the number of days in the prior calendar month.
Turnover Days means, with respect to any Settlement Period, the product obtained by multiplying (a) the quotient obtained by dividing (i) the Net Pool Balance as of the first day of such Settlement Period by (ii) the aggregate amount of Collections received on Sold Receivables during such Settlement Period by (b) the number of days in such Settlement Period.