Average Accounts definition

Average Accounts means the average number of active accounts for the three full calendar months immediately preceding the month in which BNYM reasonably anticipates that the date of the Early termination will occur.
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Examples of Average Accounts in a sentence

  • As of any fiscal quarter end, permit the ratio of (a) the sum of (i) the Average Total Funded Indebtedness for the period of twelve (12) consecutive months ending on or immediately prior to such date plus (ii) the Average Accounts Securitization Proceeds for the period of twelve (12) consecutive months ending on or immediately prior to such date to (b) EBITDA for the period of twelve (12) consecutive months ending on or immediately prior to such date to be greater than or equal to 3.0 to 1.0.

  • For purposes of this Agreement the terms Average Accounts Payable, Average Accrued Expenses, Average Inventories and Average Accounts Receivable shall mean the arithmetic average of each such account over the twelve full calendar months immediately preceding the month in which the Closing occurs.

  • A Market Value Adjustment may apply to the Portfolio Average Accounts and the Guaranteed Investment Accounts.

  • Mid-term Portfolio Average Accounts earn interest based on the yield of three to five year bonds.

  • Interest credited to the Portfolio Average Accounts will be earned and compounded daily at a rate determined by us.

  • Long-term Portfolio Average Accounts earn interest based on the yield of bonds with terms to maturity of ten years or more.

  • Neither the Borrower nor any Subsidiary will permit its Average Accounts Receivable Days [at the end of any calendar month] to exceed 80 days.

  • For purposes of this Section 9.24, "Average Accounts Receivable Days" shall mean the (i) net patient receivables plus net unbilled patient receivables, divided by (ii) net patient revenues for the 12-month period ending on such date, multiplied by (iii) 365 days.

  • To the extent that the accounts payable of Seller assumed by Purchaser as of the Closing Date is 35% or more greater or lesser than the Average Accounts Payable, the amount of such excess or shortfall shall be added to or deducted from, respectively, the amount of cash and Accounts Receivable included in the Assets and described in Section 2.1(d).

  • For purposes hereof, the term "Average Working Capital" shall mean the difference (whether positive or negative) obtained when the sum of the Company's Average Accounts Payable and Average Accrued Expenses is subtracted from the sum of the Company's Average Inventories and Average Accounts Receivable.

Related to Average Accounts

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.