Funding Base definition

Funding Base means, as of any date, an amount equal to (I)(a) the Net Eligible Receivables Balance multiplied by (b) a percentage equal to 100% minus the Reserve Percentage minus (II)(a) that portion of the Net Eligible Receivables Balance constituting Destination Sales Receivables multiplied by (b) 4% (provided that such 4% amount shall be subject to confirmation on an annual basis on each June 30th by the Committed Purchasers, and if the Committed Purchasers specify a higher percentage in a written notice to the Seller and the Master Servicer, such higher level shall be applicable until the following June 30th).
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Funding Base means, at any time, an amount equal to (i) the Net Receivables Balance at such time, multiplied by (ii) the difference of 100% minus the Reserve Percentage at such time.
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Funding Base means, as of any date, (a) the Net Eligible Receivables Balance multiplied by (b) a percentage equal to 100% minus the Reserve Percentage.
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Examples of Funding Base in a sentence

  • Each LEA’s transportation basic allotment is calculated by multiplying its Funding Base by its Budget Rating.

  • No Borrowing Base Deficiency or Funding Base Deficiency shall exist immediately prior and after giving effect to such Transaction.

  • This source also includes a worksheet labeled ‘FY21 Funding Base’ that gives information on the calculation of the FY 2021 Funding Base.

  • Adjustments are made to this amount based on increasing enrollment and legislative action such as salary increases, benefits changes, etc.2. Eligible Expenditures and Funding Base Eligible expenditures are state or local expenditures that are used for the purpose of providing transportation to and from school for students in grades K-12.

  • The same budget rating is then used for the city and county LEA when figuring allotments as described above.Each LEA’s transportation basic allotment is calculated by multiplying its Funding Base by its Budget Rating.


More Definitions of Funding Base

Funding Base means the following:
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Funding Base means the Net Receivables Balance multiplied by (100% minus the Reserve Percentage);
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Funding Base means the Adjusted Net Receivables Balance multiplied by (100% minus the Reserve Percentage);
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Funding Base or "Overconcentration Amount," (H) amend Section 2.10 or (I) amend or modify the levels or the calculation of the portfolio tests set forth in Section 7.01(f)."
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Funding Base means, at any time, an amount equal to the sum of (a) the Outstanding Balance of Receivables the Obligors of which are United States residents, plus (b) the Outstanding Balance of Receivables the Obligor of which is Advanced Semiconductor, Orient Semiconductor or such other Obligors approved by the Administrator provided, that the obligations of such Obligors are supported by letter of credit arrangements and provided, further, that PNC provides documentary services for invoices supported by such letter of credit arrangements, plus (c) without duplication, the Outstanding Balance of Receivables the Obligors of which are residents of Hong Kong, Japan, Korea, Malaysia, Philippines, Singapore Taiwan or such other countries as may be mutually agreed
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Funding Base means, in relation to the Initial Receivables Portfolio and each Additional Receivables Portfolio, an amount equal to the lower of:
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Funding Base means an amount, calculated on each Settlement ------------ Date, equal to the product of (i) the present value of the Aggregate Adjusted Installment Payments, determined by discounting on a monthly basis (assuming a calendar year consisting of twelve thirty-day months) such Aggregate Adjusted Installment Payments at a rate equal to the Discount Rate and (ii) a percentage equal to 100% minus the Required Loss Reserve Percentage with respect to such ----- Settlement Date.
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