Ineligible Amount definition

Ineligible Amount on any Determination Date shall mean the amount of Ineligible Receivables included in the Trust on such Determination Date pursuant to Section 2.09.

Ineligible Amount means, with respect to any Series and any date of determination (and calculated as of the related Measurement Date), an amount equal to the aggregate Principal Balance of the related Group Receivables that are not Eligible Receivables for such Series.

Ineligible Amount means on any Determination Date, the amount of Ineligible Receivables included in the Trust on the last day of the preceding Collection Period pursuant to Section 2.9 of the Trust Sale and Servicing Agreement.

Examples of Ineligible Amount in a sentence

• On or before each Acquisition Date on which Receivables will be designated to a Group, the Servicer will determine whether the related pool of Group Receivables to be held by the Trust, including any Receivables to be acquired and designated to such Group, results in any Excess Concentration Amount or Ineligible Amount, if applicable, existing for any Series of such Group for which Credit Extensions are Outstanding, in each case, if applicable, and calculated as of the related Measurement Date.

• A failure by a Supplier to identify or give notice of an Ineligibility Case or to determine an Ineligible Amount correctly is treated as a Statement Error for the purposes of Section9.5.

• If the SPI process is used, on each monthly or project-specific invoice, the Board will only pay the E-Rate Eligible Non-Discounted Amount and the Ineligible Amount to Vendor.

• The Board will only be responsible for the Non-Discounted Amount and the Ineligible Amount, the total of which will not exceed ($ ), the sum authorized by the Board pursuant to the applicable Board Report, as may be amended from time to time (the "Board’s Total Cost").

• Section9.7.5 applies but on the basis that the Ineligible Amount is added or deducted according to its sign.

More Definitions of Ineligible Amount

Ineligible Amount has the meaning set forth in clause (g) of the definition of Eligible Receivable.

Ineligible Amount on any Determination Date shall mean the amount of Ineligible Receivables included in the Issuer on such Determination Date pursuant to Section 2.08.

Ineligible Amount has the meaning given to that term in clause 4.6 (Funds at Lloyd’s Ineligibility); Increase Request Period the period starting on the date of this agreement and ending 30 business days prior to the Mid-Year Cut-Off Date (as defined in the M&URs); Insolvency Event in relation to an entity means that the entity:

Ineligible Amount on any Determination Date shall mean the amount of Ineligible Receivables included in the Trust on such Determination Date pursuant to Section 2.09. "Ineligible Receivable" shall mean any Receivable that arises in an Eligible Account, was not an Eligible Receivable at the time of its transfer to the Trust and was transferred to the Trust in accordance with Section 2.09.

Ineligible Amount has the meaning given to that term in clause 4.6 (Funds at Lloyd’s Ineligibility);

Ineligible Amount on any Determination Date shall mean the amount of Ineligible Receivables included in the Purchased Property on the last day of the Collection Period immediately preceding such Determination Date pursuant to Section 2.09.

Ineligible Amount has the meaning set forth in clause (g) of the definition of Eligible Receivable. “Information Package” means each report, in substantially the form of Annex A-1 to this Agreement, furnished by or on behalf of the Servicer to the Administrator and each Purchaser Agent pursuant to this Agreement. “Insolvency Proceeding” means: (a) any case, action or proceeding before any court or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the