Common use of Coverage Requirement; Amount of Receivables Clause in Contracts

Coverage Requirement; Amount of Receivables. The Buyer's Percentage Factor does not exceed the Maximum Buyer's Percentage Factor. As of the day preceding the Cut-Off Date, the aggregate outstanding balance of the Principal Receivables in existence was $803,461,210.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Metris Companies Inc)

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Coverage Requirement; Amount of Receivables. The Buyer's Percentage Factor does not exceed the Maximum Buyer's Percentage Factor. As of the day preceding the Cut-Off Date, the aggregate outstanding balance of the Principal Receivables in existence was $803,461,210367,560,721.04.

Appears in 1 contract

Samples: Transfer and Administration Agreement Transfer and Administration Agreement (Metris Companies Inc)

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Coverage Requirement; Amount of Receivables. The Buyer's Percentage Factor does not exceed the Maximum Buyer's Percentage Factor. As of the day preceding the Cut-Off Valuation Date, the aggregate outstanding balance of the Principal Receivables in existence was $803,461,2101,168,762,778.00.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Metris Direct Inc)

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