Collected Cash definition
Collected Cash means, for any month, the sum of payday loan principal collected during such month, plus payday loan fees collected during such month, plus paydown amounts collected during such month, plus returned checks collected during such month, and (ii) the term “Available Cash” shall mean, for any month, the sum of Collected Cash during such month, plus payday loan refunds received during such month, plus payday loan discounts received during such month, plus past due open (non-deposited) payday loan amounts as of the last day of the month, plus the net due amount of all returned checks as of the last day of the month, plus any payday loan or returned check charged off as uncollectible during the month.
Collected Cash means the amount of cash actually collected by the Company from and with respect to the Closing Date Accounts Receivable during the period from the Closing Date through the Reconciliation Date (excluding any cash collected from the Excluded Receivables).
Examples of Collected Cash in a sentence
Amt Collected: Cash or Check # Letter of Credit: In making this application the undersigned agrees to the rules and regulations of Peoples Telecommunications, LLC as set forth in the exchange tariff and to any general changes in rules, or rates for the service furnished under this application.
For purposes of this Agreement, the term "PayDay Store Collection Rate” shall mean, as of any date of determination, a ratio determined by dividing a PayDay Store’s Collected Cash (as defined below) by its Available Cash.