Extended Term Receivables Limit definition

Extended Term Receivables Limit means, at any time, with respect to all Extended Term Receivables, an amount equal to the product of (i) 66.67% and (ii) the product of (A) the Loss Reserve Floor at such time and (B) the Net Receivables Balance as at the last day of the most recently ended Collection Period.
Extended Term Receivables Limit means, at any time, with respect to all Extended Term Receivables, an amount equal to 5% of the aggregate Outstanding Balance of all Eligible Receivables (net of all Earned Discounts and quarterly volume rebates) at such time.

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