Purchaser's Share. With respect to each Undivided Interest, "Purchaser's Share" of Collections of Pool Receivables received (or deemed received) by Seller or Servicer on any day means an amount equal to the product of (a) the amount of all Collections of Pool Receivables received (or deemed received) by Seller or Servicer on such day, times: (b) (i) if such day is not a Run Off Day, such Undivided Interest on such day, expressed as a decimal, and
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Sci Systems Inc), Receivables Purchase Agreement (Sci Systems Inc)
Purchaser's Share. With respect to each Undivided Interest, "Purchaser's Purchasers' Share" of Collections of Pool Receivables received (or deemed received) by Seller or Servicer on any day means an amount equal to the product of
(a) the amount of all Collections of Pool Receivables received (or deemed received) by Seller or Servicer on such day, times:
(b) (i) if such day is not a Run Off Day, such the Undivided Interest on such day, expressed as a decimal, and
Appears in 1 contract