Unapplied Cash and Credits definition

Unapplied Cash and Credits means, at any time, the aggregate amount of Collections or other cash or credits then held by or for the account of Servicer, the Originator or Seller in respect of the payment of Receivables, including prepaid amounts, amounts on deposit in an unapplied cash account or uncleared payment accounts and unbooked deposits at such time, but not yet applied to the payment of such Receivables.
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Unapplied Cash and Credits means, at any time, the aggregate amount of Collections or other cash or credits then held by or for the account of the Servicer, any Originator or the Borrower in respect of the payment of Transferred Receivables, but not yet applied to the payment of such Transferred Receivables.
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Unapplied Cash and Credits means, at any time, the Dollar Equivalent of the aggregate amount of Collections or other cash or credits then held by or for the account of the Servicer, the Canadian Originator or the Seller in respect of the payment of Pool Receivables, but not yet applied or reinvested pursuant to Section 2.07 or applied pursuant to Section 2.08.
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More Definitions of Unapplied Cash and Credits

Unapplied Cash and Credits means, at any time, the sum of (a) (i) the aggregate amount of Collections or other cash (excluding Customer Deposits) then held by or for the account of the Collection Agent, any Originator or the Borrower in respect of the payment of Pool Receivables, but not yet applied to any such Receivable, multiplied by (ii) a fraction having as its numerator the aggregate Outstanding Balance of Non-Executory Pool Receivables at such time, and having as its denominator the aggregate Outstanding Balance of Pool Receivables at such time, plus (b) the sum for each Obligor equal to the lesser of (x) the Outstanding Balance of all Eligible Receivables of such Obligor and (y) the credits (excluding Customer Deposits) then held by or for the account of the Collection Agent, any Originator or the Borrower in respect of the payment of Non-Executory Pool Receivables of such Obligor, but not yet applied to any such Receivable; plus (c) the sum for each Obligor equal to the lesser of (x) the Outstanding Balance of all Average Monthly Billing Receivables of such Obligor and (y) the credits in respect of the Average Monthly Billing Receivables of such Obligor relating to the amount, if any, by which the Outstanding Balance thereof plus the amount of Collections collected under the program pursuant to which such Average Monthly Billing Receivables arose exceeds the amount attributable to the consumption of electricity under such program.
Sample 1
Unapplied Cash and Credits means, at any time, the sum of (a) (i) the aggregate amount of Collections or other cash (excluding Customer Deposits) then held by or for the account of the Collection Agent, any Originator or the Borrower in respect of the payment of Pool Receivables, but not yet applied to any such Receivable, multiplied by (ii) a fraction having as its numerator the aggregate Outstanding Balance of Non-Executory Pool Receivables at such time, and having as its denominator the aggregate Outstanding Balance of Pool Receivables at such time, plus (b) the sum for each Obligor equal to the lesser of (x) the Outstanding Balance of all Eligible Receivables of such Obligor and (y) the credits (excluding Customer Deposits) then held by or for the account of the Collection Agent, any Originator or the Borrower in respect of the payment of Non-Executory Pool Receivables of such Obligor, but not yet applied to any such Receivable; plus (c) the sum for each Obligor equal to the lesser of (x) the Outstanding Balance of all Average Monthly Billing Receivables of such Obligor and (y) the credits in respect of the Average Monthly Billing Receivables of such Obligor relating to the amount, if any, by which the Outstanding Balance thereof plus the amount of Collections collected under the program pursuant to which such Average Monthly Billing Receivables arose exceeds the amount attributable to the consumption of electricity under such program.
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Related to Unapplied Cash and Credits

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Credits means the Federal and State Housing Tax Credit program.

  • Applied Realized Loss Amount With respect to any Distribution Date, the amount, if any, by which, the sum of (i) the Aggregate Certificate Principal Balance and (ii) the Class C Certificate Principal Balance after distributions of principal on such Distribution Date exceeds the aggregate Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

  • Eligible Unbilled Accounts means Accounts of the Obligors that does not qualify as an Eligible Account solely because (a) the goods giving rise to such Account have not been shipped and billed to the Account Debtor, or (b) the services giving rise to such Account have not been performed and billed to the Account Debtor and, in either case, so long as such Accounts have not been unbilled for more than thirty (30) days. For the avoidance of doubt, at such time as an Account is billed to the Account Debtor it shall no longer be an “Eligible Unbilled Account”.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Service credit month means a full service credit month or an

  • Emission Reduction Credits means emission reductions that have been authorized by a local air pollution control district pursuant to California Health and Safety Code, Division 26 Air Resources, Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Service Credits means the service credits payable to the Purchaser by the Service Provider in the event that the Service Levels are not met and identified as service credits in the Pricing Schedule.

  • Cash Reserve means (i) at any time after the occurrence and during the continuation of a Level One Trigger, [*] of the aggregate Investment at such time and (ii) at any other time, an amount equal to 1% of the aggregate Investment at such time.

  • Total Service Charges means all charges, after application of all discounts and credits, for Services excluding Taxes, Governmental Charges, equipment, Company ILEC, Company Wireless, Document Delivery Fax, non-recurring, goods and services acquired by Company as Customer’s agent, international pass-through access (Type 3/PTT) and charges for international access or provided by Company (Type 1), charges for security services provided by Cybertrust, Inc. or its affiliates set forth in the Guide as providers of Cybertrust security services and other charges expressly excluded by this Agreement.

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Collection Point means the collection point for the Vehicle specified in the Confirmation and/or Rental Agreement;

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 2.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);