Finance Charge Receivables definition

Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

Finance Charge Receivables means the aggregate amount of Discount Option Receivables.

Finance Charge Receivables is defined in the Pooling and Servicing Agreement.

Examples of Finance Charge Receivables in a sentence

• Revenues from Finance Charge Receivables on both a billed and a cash basis will be affected by numerous factors, including the periodic finance charge on the Account Assets, the amount of any annual or membership fees, other fees paid by cardholders, and the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases.

• The parties hereto agree that Finance Charge Receivables, whenever created, accrued in respect of Principal Receivables which have been conveyed to the Trust shall continue to be a part of the Trust notwithstanding any cessation of the transfer of additional Principal Receivables to the Trust and Collections with respect thereto shall continue to be allocated and paid in accordance with Article IV and the terms of each Supplement.

• Notwithstanding any cessation of the transfer to the Trust of additional Principal Receivables, Principal Receivables transferred to the Trust prior to the occurrence of such Insolvency Event and Collections in respect of such Principal Receivables and Finance Charge Receivables whenever created, accrued in respect of such Principal Receivables, shall continue to be a part of the Trust.

• The Servicer with respect to any Removed Accounts shall prepare a reasonable estimate of the amount of Finance Charge Receivables billed in such Removed Accounts in the Due Period in which such Receivables are removed from the Trust, which estimate shall be deemed to be the amount of Finance Charge Receivables billed in such Removed Accounts in such Due Period, absent manifest error.

• Not later than 12:00 noon, New York City time, on each Distribution Date, the Sellers shall deposit into the Collection Account in immediately available funds the amount of Interchange to be so included as Collections of Finance Charge Receivables with respect to the preceding Due Period.

More Definitions of Finance Charge Receivables

Finance Charge Receivables means, with respect to an Account, (A) any Receivable billed to a cardholder under the related Credit Card Agreement in respect of: (i) periodic credit or other finance charges;

Finance Charge Receivables means all Receivables in the Accounts which would be treated as "Finance Charge Receivables" in accordance with the definition for such term in the Pooling and Servicing Agreement.

Finance Charge Receivables means all amounts billed to the Obligors or any Account in respect of (a) all Periodic Rate Finance Charges, (b) Cash Advance Fees, (c) annual membership fees and annual service charges, (d) Late Fees, (e) Overlimit Fees, (f) Discount Option Receivables, if any, and (g) any other incidental and miscellaneous fees and charges with respect to the Accounts designated by the Transferor at any time and from time to time to be included as Finance Charge Receivables.

Finance Charge Receivables has the meaning specified in the Transfer Agreement.

Finance Charge Receivables means Receivables created in respect of -------------------------- the Periodic Finance Charges, Annual Membership Fees, Cash Advance Fees, Late Fees, Returned Check Fees, Overlimit Fees, other fees and charges that are treated as Finance Charge Receivables in the most recent monthly Servicer's certificate forwarded to the Trustee pursuant to Section 3.4(b) hereof, investment earnings on the Excess Funding Account and Recoveries and Interchange allocable to the Trust.

Finance Charge Receivables means, with respect to any Monthly -------------------------- Period, (a) all amounts billed to Obligors on any Account during such Monthly Period in respect of Finance Charges, Cash Advance Fees and Cardholder Fees, and (b) the amount of Interchange (if any) allocable to any Series of Certificates pursuant to any Supplement with respect to such Monthly Period.

Finance Charge Receivables with respect to any Account for any Due Period will mean the amount recorded with respect to the Account as finance charges and, if applicable, fees and other amounts treated as finance charges on such Account for such Due Period. F. "Insurance Proceeds." The definition of "Insurance Proceeds" is hereby redefined as "Coverage Proceeds", and the term "Coverage Proceeds" shall be substituted for each and every occurrence of the term "Insurance Proceeds" in the Agreement; further, the definition of "Coverage Proceeds" shall be restated in its entirety to read as follows: "Coverage Proceeds" shall mean (a) any amounts recovered pursuant to any credit life insurance policies covering any Obligor with respect to Receivables under such Obligor's Account, and (b) any amounts received pursuant to any debt cancellation agreement covering any Obligor with respect to Receivables under such Obligor's Account. G. "Interchange." The definition of "Interchange" is hereby inserted in its appropriate alphabetical position: "Interchange" shall mean interchange fees or interchange reimbursement fees, paid or payable to Sears National Bank with respect to the Accounts, in its capacity as credit card issuer, in connection with cardholder purchases of merchandise and services and cardholder cash advances. H. The definition of "Receivable" is amended and restated in its entirety to read as follows: "Receivable" shall mean any amount owing by any Obligor under an Account from time to time, including, without limitation, amounts owing for the payment of goods and services (including, without limitation, if applicable, cash advances, balance transfers or amounts owing under convenience checks), finance charges, and other charges, if any. A Receivable shall be deemed to have been created at the end of the day on the Date of Processing of such Receivable. A Receivable shall not include any amount owing under a Charged-Off Account or an Account in which the Receivables have been repurchased pursuant to the Pooling and Servicing Agreement. III.