Common use of Contribution Value Clause in Contracts

Contribution Value. The contribution value (the "Contribution Value") ------------------ ------------------ for the Receivables and the other Receivable Assets related to such Receivables contributed, transferred, assigned and conveyed to the Company pursuant to subsection 2.01(a) hereof shall be deemed to be the product of (a) the aggregate ------------------ outstanding Principal Amount of such Receivables as set forth in the applicable Originator Daily Report identifying such Receivables and (b) one (1) minus the Discounted Percentage applicable to contributions by the Contributor to the Company. The Company shall calculate the Contribution Value on each Contribution Date, and in the absence of manifest error such amount shall be deemed to be conclusive. The Company shall maintain in its books and records a ledger entitled the "distributable assets ledger." For each contribution, transfer, assignment and conveyance pursuant to subsection 2.01(a) hereof, the Company ------------------ shall credit to the distributable assets ledger an amount equal to the Contribution Value of the Receivables and other Receivable Assets contributed, transferred, assigned and conveyed by the Contributor on the related Contribution Date (net of the deductions referred to in Section 2.02(b), Section --------------- 2.06(a) or Section 2.06(b)).