Unapplied Cash definition

Unapplied Cash means, on any Business Day, available funds received in the Master Collection Account and reflected in the Daily Report for that Business Day that have not been applied as Collections on a particular Receivable on or prior to the time as of which that Daily Report is prepared.

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Unapplied Cash means all amounts paid by Account Debtors to the Loan Parties that are evidenced by checks that do not specifically relate to an internal invoice number of the Loan Parties and that have not been reconciled to a specific invoice number.

Unapplied Cash means any funds (or parts of payments) received into the debtor finance account which have not, at that time, been applied against one or more debts.

Examples of Unapplied Cash in a sentence

• Unapplied Cash Reserve: at any date of determination, the amount of payments received by the Credit Parties with respect to Accounts which as of such date, have not been credited or applied to a specific Account.

• As U.S. Borrower As Canadian Borrower As Canadian Borrower By: By: By: Title: Title: Title: Date: Date: Date: BALANCE PER AGINGS as of xx/xx/xxxx 0.00 Less: Unapplied Cash Less: Ineligible Accounts Receivable 0.00 ELIGIBLE ACCOUNTS RECEIVABLE 0.00 Times: Accounts Receivable Advance Rate: 85% 85 % ACCOUNTS RECEIVABLE AVAILABILITY 0.00 Dilution Reserve (Amount > 5%) 0.00 Other Reserve 0.00 Other Reserve 0.00 Other Reserve 0.00 1.

• Roll-forward) Unapplied Cash ------------------------ Total Cash Collections - Cash swept by LCPI (See Section A.

• Total AR Availability 0.00 U.S. AR AVAILABILITY: THE LESSER OF $ 50,000,000.00 OR Line 1 0.00 BALANCE PER AGINGS as of xx/xx/xxxx 0.00 Less: Unapplied Cash Less: Ineligible Accounts Receivable 0.00 ELIGIBLE ACCOUNTS RECEIVABLE 0.00 Times: Accounts Receivable Advance Rate: 85% 85 % ACCOUNTS RECEIVABLE AVAILABILITY 0.00 Dilution Reserve (Amount > 5%) 0.00 Other Reserve 0.00 Other Reserve 0.00 Other Reserve 0.00 2.

• There are several transactions that occur in the Collection process such as: • Collect/Investigate Past Due Invoices • Settle Unapplied Cash from Customers • Refund Customers Due to Realignment Issues or Downtime • Credit Authorizations AR036 Aging reports from Oracle are reviewed every week by collection personnel who work on their assigned customers and investigate in descending order of customer balance.

More Definitions of Unapplied Cash

Unapplied Cash means (i) Cash received by the Company or any Subsidiary Guarantor for the sole purpose of holding such funds in escrow for the benefit of an identifiable third party until a separate escrow deposit account is established and maintained, which account shall be promptly established, provided that the escrowed funds described in this clause (i) shall at no time exceed $1,000,000 in the aggregate for any single borrower, (ii) Cash in the nature of an overpayment of an Obligor Loan received by the Company or any Subsidiary Guarantor in its capacity as a lender or as the administrative or collateral agent for a syndicate of lenders for so long as such amounts constitute an overpayment, and/or (iii) Cash in the form of unidentified wires until such wires can be properly identified for transfer to the appropriate deposit account.

Unapplied Cash means any collections with respect to a Receivable that have been received by or on behalf of the Servicer but not yet applied to reduce the outstanding Principal Balance of, or outstanding interest or other charges on, such Receivable.

Unapplied Cash has the meaning set forth in the Purchase Agreement.

Unapplied Cash means, at any time, the amount computed for each given Obligor as the sum of the Base Currency Equivalent of Collections which are not applied to any of its Receivables and as stated in the relevant Monthly Servicer Report.

Unapplied Cash means as of any date with respect to any Receivable, the aggregate Collections which have not yet been reflected on the books and records of the Originator as a reduction to the Dollar Equivalent of the Outstanding Balance of such Receivable.

Unapplied Cash means any collections with respect to Pledged Student Loans that have been received by the Master Servicer or applicable Sub-Servicer but not yet applied to reduce the outstanding Principal Balance of such Pledged Student Loan.

Unapplied Cash. Reserve: at any date of determination, the amount of payments received by the Credit Parties with respect to Accounts which as of such date, have not been credited or applied to a specific Account.