Weekly Cash Claims Management Profits Amount definition

Weekly Cash Claims Management Profits Amount means, with respect to each fiscal week of the applicable Securitization Entities, the amount (not less than zero) equal to (a) cash revenues, credit card proceeds and debit card proceeds (excluding applicable Pass-Through Amounts) generated by the operation of the applicable Claims Management Business over such period minus (b) all operating expenses of such applicable Claims Management Business (excluding applicable Excluded Operating Expenses, but in the case of Driven Canada Claims Management, including Excluded Amounts described in clause (ii) or (iii) of the definition thereof and, at the option of Driven Canada Claims Management, any such Excluded Amount required or reasonably expected to be payable at or prior to the immediately following four (4) Quarterly Payment Dates or for which a reserve is maintained on account of quarterly or annual payment of such Excluded Amounts, which, in each case, shall be deemed to be paid when paid or reserved) paid in cash out of funds on deposit in the Claims Management Concentration Account in connection with the operation of the applicable Claims Management Business over such period.
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Weekly Cash Claims Management Profits Amount means, with respect to each fiscal week of the applicable Securitization Entities, the amount (not less than zero) equal to (a) cash revenues, credit card proceeds and debit card proceeds (excluding applicable Pass-Through Amounts) generated by the operation of the applicable Claims Management Business over such period minus (b) all operating expenses of such applicable Claims Management Business (excluding applicable Excluded Operating Expenses, but in the case of Driven Canada Claims Management, including Excluded Amounts described in clause (ii) or (iii) of the definition thereof and, at the option of Driven Canada Claims Management, any such Excluded Amount required or reasonably expected to be payable at or prior to the immediately following four (4) Quarterly Payment Dates or for which a reserve is maintained on account of quarterly or annual payment of such Excluded Amounts) paid in cash out of funds on deposit in the Claims Management Concentration Account in connection with the operation of the applicable Product Sourcing Business over such period.
Sample 1

Related to Weekly Cash Claims Management Profits Amount

  • Profit Distribution Date means the date on which the Management Company decides to distribute the profits (if any).

  • Administrative Expense means (a) any cost or expense of administration of the Reorganization Cases under section 503(b) of the Bankruptcy Code including, but not limited to (1) any actual and necessary post-petition cost or expense of preserving the Estates or operating the Debtors' assets and businesses, (2) any payment to be made under the Plan to cure a default on an assumed executory contract or unexpired lease, (3) any post-petition cost, indebtedness or contractual obligation duly and validly incurred or assumed by the Debtors in the ordinary course of business, and (4) compensation or reimbursement of expenses of professionals to the extent allowed by the Bankruptcy Court under section 327, 328, 330(a), 331, 503(b) or 1103 of the Bankruptcy Code, including, without limitation, the Futures Representative and its Representatives and (b) any fee or charge assessed against the Estates under 28 U.S.C. ss. 1930.

  • Average final compensation means the average annual creditable compensation of a member during