Discount Receivables shall have the meaning specified in Section 2.5(e).
Discount Receivables means on any Date of Processing, the sum of (a) the aggregate Discount Receivables at the end of the prior Date of Processing plus (b) any new Discount Receivables created on such Date of Processing minus (c) any Discount Receivable Collections received on such Date of Processing. Discount Receivables created on any Date of Processing shall mean the product of the amount of any Principal Receivables created on such Date of Processing (without giving effect to the proviso in the definition of Principal Receivables) and the Yield Factor.
Discount Receivables means, with respect to any Asset Pool, the Gross Principal Receivables so designated as such pursuant to the designation formula as described in subsection 2.15(a). The aggregate amount of Discount Receivables outstanding on any Date of Processing occurring on or after the Discount Option Date, shall equal the sum of (a) the aggregate Discount Receivables at the end of the prior Date of Processing (which amount, prior to the Discount Option Date, shall be zero) plus (b) any new Discount Receivables created on such Date of Processing minus (c) any Discount Receivables Collections received on such Date of Processing. Discount Receivables created on any Date of Processing shall mean the product of the amount of the Gross Principal Receivables arising in Accounts on such Date of Processing specified in accordance with subsection 2.15(a) and the applicable Yield Factor.
Examples of Discount Receivables in a sentence
Accordingly, on each Discount Option Date after a change in Yield Factor, the Transferor shall apply the new Yield Factor to all or the portion of the Gross Principal Receivables outstanding that have been designated for inclusion in Asset Pool One which are to be treated as Discount Receivables.
The following percentages (if any) apply to the calculation of the Commission payable in respect of sales and purchases of Notified Discount Receivables or remittances of Notified Values in respect of Notified Remittance Receivables, as applicable: Commission Percentage: 0% (If applicable, a percentage for the Commission will be inserted above.
Any such adjusted Discount Rates and/or Commission Percentages shall only apply to Notified Discount Receivables included in any Invoice Notification issued after the expiry of such three (3) Business Days’ notice period.
The following percentages (if any) apply to the calculation of the Commission payable in respect of sales and purchases of Notified Discount Receivables or remittances of Notified Values in respect of Notified Remittance Receivables, as applicable: Commission Percentage: (If applicable, a percentage for the Commission will be inserted above.
More Definitions of Discount Receivables
Discount Receivables means, the Gross Principal Receivables so designated as such pursuant to the designation formula as described in subsection 2.15(a). The aggregate amount of Discount Receivables outstanding on any Date of Processing occurring on or after the Discount Option Date, shall equal the sum of (a) the aggregate Discount Receivables at the end of the prior Date of Processing (which amount, prior to the Discount Option Date, shall be zero) plus (b) any new Discount Receivables created on such Date of Processing minus (c) any Discount Receivables Collections received on such Date of Processing. Discount Receivables created on any Date of Processing shall mean the product of the amount of the Gross Principal Receivables arising in Accounts on such Date of Processing specified in accordance with subsection 2.15(a) and the applicable Yield Factor.
Discount Receivables has the meaning specified in the Transfer and Servicing Agreement.
Discount Receivables means, as of any applicable Additional Cut-Off Date, the amount of Principal Receivables in Additional Accounts designated by the Seller to be treated as Finance Charge Receivables; provided, however, that the Seller may not make any such designation unless
Discount Receivables means those Receivables which have APRs which are less than the sum of (i) the Pass-Through Rate and (ii) the Servicing Fee Rate.
Discount Receivables means, with respect to any Distribution Date, those Receivables that have APR's which are less than the Required Rate.
Discount Receivables means those Receivables that are less than ten (10) days old as of the Closing Date.
Discount Receivables means, as of any date of determination, the sum of (a) with respect to Closed End Receivables other than 0% APR Receivables, the product of (x) the applicable Discount Factor and (y) the aggregate amount shown on the Servicer's records as amounts payable by Obligors with respect to such Receivables, (b) with respect to 0% APR Receivables, the product of (i) the applicable Discount Factor and (ii) the aggregate amount of 0% APR Receivables on such date and (c) with respect to Revolving Receivables the product of (1) the applicable Discount Factor and (2) the aggregate amount of Revolving Receivables on such date minus the amounts specified in clause (i) of the definition of Finance Charge Receivables. "Discount Receivable Collections" shall mean on any day, the sum of (a) with respect to Closed End Receivables other than 0% APR Receivables, the product of (i) the applicable Discount Factor and (ii) Collections with respect to such Closed End Receivables for such day, (b) with respect to 0% APR Receivables, the product of (i) the applicable Discount Factor and (ii) the sum of (A) all Collections for such day with respect to consumer revolving credit card accounts minus (B) all Revolving Receivables Collections for such day and (c) with respect to Revolving Receivables, the product of (i) the applicable Discount Factor and (ii) the sum of (x) Revolving Receivables Collections for such day minus (y) the amount set forth in clause (i) of the definition of Finance Charge Collections. "Finance Charge Collections" shall mean with respect to any Business Day, the sum of (i) (A) the product of Revolving Receivables Collections for such day and (B) the Finance Charge Factor plus (ii) Discount Receivables Collections for such day plus (iii) Recoveries for such day plus (iv) investment earnings received for such day on amounts credited to the Excess Funding Account. "Finance Charge Receivables" shall mean with respect to any Business Day (i) with respect to Revolving Receivables, the product of (A) the Finance Charge Receivables Factor and (B) the aggregate amount of Revolving Receivables plus (ii) investment earnings on amounts credited to the Excess Funding Account plus (iii) Discount Receivables. "Principal Collections" shall mean, with respect to any Business Day, the Collections received on such Business Day other than Finance Charge Collections. "Revolving Receivables" shall mean any right to payment arising under an Eligible Account that is a consumer revolving ...