Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.
Monthly Payment Rate means, for any Collection Period, the percentage derived from dividing the Principal Collections for such Collection Period by the average daily Pool Balance for such Collection Period.
Monthly Payment Rate means, with respect to any Collection Period, the percentage equivalent of a fraction, the numerator of which is the Principal Collections with respect to such Collection Period and the denominator of which is the average of the Pool Balance on the first and last day of such Collection Period.
Examples of Monthly Payment Rate in a sentence
Effective on each subsequent January 1, the monthly employee cost-sharing contribution shall be adjusted to reflect 15% of the Carriers’ Monthly Payment Rate for the relevant year.
The Department shall recoup Monthly Payment Rate amounts paid to the Contractor in error.
The Monthly Payment Rate may be adjusted during the performance period of this Contract pursuant to an executed amendment, upon approval of the State Controller or his/her designee.
The actuarial basis for calculation of the Monthly Payment Rate is set forth in the actuarial certification which has been submitted to the Contractor and to CMS for review.
Where membership is disputed between two Contractors, the Department shall be final arbitrator of membership and shall recoup any Monthly Payment Rate amounts paid in error.
More Definitions of Monthly Payment Rate
Monthly Payment Rate means, on any Determination Date, the quotient of (1) the sum of Dealer Note Collections for the related Due Period and (2) the daily average Aggregate Receivables Balance during the related Due Period.
Monthly Payment Rate is defined in the Sale and Servicing Agreement.
Monthly Payment Rate means, for any Collection Period the percentage derived from dividing the Principal Collections for such Collection Period by the average daily Pool Balance for such Collection Period.
Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is (x) the Principal Collections during such Monthly Period, minus (y) the portion of such Principal Collections allocated to the Transferor pursuant to Sections 8.4(d), (e) and (f) of the Master Indenture, and (b) the denominator of which is (x) the Combined Outstanding Principal Balances as of the beginning of such Monthly Period, minus (y) the sum of the aggregate amount of each Dealer Overconcentration, Manufacturer Overconcentration and Product Line Overconcentration determined on the Determination Date falling in such Monthly Period.
Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the excess of (i) the Principal Collections during such Monthly Period, over (ii) the portion of such Principal Collections allocated to the Transferor pursuant to Section 8.4 of the Indenture in respect of the Product Line Overconcentration for the accounts receivable and asset based lending receivables Product line for such Monthly Period and (b) the denominator of which is the excess of (i) the Combined Outstanding Principal Balances as of the beginning of such Monthly Period, over (ii) the Product Line Overconcentration for the accounts receivable and asset based lending receivables Product line used for purposes of making allocations for such Monthly Period.
Monthly Payment Rate means, in respect of any Monthly Period, a fraction (expressed as a percentage), the numerator of which shall equal the aggregate Collections received by the Servicer during such Monthly Period and the denominator of which shall equal the aggregate amount of Principal Receivables as of the close of business on the fifteenth day of such Monthly Period (or, if such day is not a Business Day, the immediately succeeding Business Day).
Monthly Payment Rate. For any Collection Period, the percentage equivalent of a fraction (a) the numerator of which is the Principal Collections for such Collection Period with respect to Principal Receivables arising under the Scheduled Accounts and (b) the denominator of which is the average daily aggregate principal balance of all Principal Receivables arising under the Scheduled Accounts during such Collection Period.