Gross Amount Due definition

Gross Amount Due means (i) with respect to any Receivable, the principal amount (net of any write-offs) due and to become due on such Receivable, (ii) with respect to any DBP Lead Receivable, the initial amount of such DBP Lead Receivable minus all Collections on such DBP Lead Receivable (net of any writeoffs, but in no event less than zero) and (iii) with respect to the Portfolio of Eligible Receivables, the aggregate of the amounts specified in the preceding clauses (i) and (ii) with respect to the Receivables comprising such Portfolio of Eligible Receivables.
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Examples of Gross Amount Due in a sentence

  • The principal amount of the indebtedness due and to become due on the Portfolio of Eligible Receivables in which an Undivided Interest, or Addition thereto, is being sold to the Buyer will be the amount set forth as the Gross Amount Due on account of the Portfolio of Eligible Receivables in the Settlement Statement to be furnished pursuant to Section 4.

  • The gross amount due to Nexus is calculated by establishing the period of the error and scaling up as follows:- Contracts Operated x Period x Agreed Error = Gross Amount Due Contracts Checked Each type of error found will be determined on its own merit with the Contractor.

  • Each such reassignment shall be made for a purchase price (payable by the Seller upon request in immediately available funds) equal to the amount of the Undivided Interest so reassigned multiplied by the Gross Amount Due upon the Portfolio of Eligible Receivables as of the last day of the Settlement Period immediately preceding the date of such reassignment.