Initial Aggregate Receivables Balance definition

Initial Aggregate Receivables Balance. The sum of the Initial Receivable Balances of the Receivables as of the Cutoff Date, which is $764,710,097.53.
Sample 1
Initial Aggregate Receivables Balance means the sum of the Initial Receivable Balances of the Receivables as of the Cutoff Date, which is $533,279,698.52. "Initial Gross Receivable Balance" shall mean, with respect to any Receivable as of the Cutoff Date, the Initial Receivable Balance plus, in the case of Receivables classified by the Servicer as "finance charge included contracts," the Finance Charges included in the Scheduled Payments due on or after the Cutoff Date.
Sample 1

Examples of Initial Aggregate Receivables Balance in a sentence

  • Noteholders Percent Trigger: 2.0000% Ending Reserve Account Balance not less than 1% of Initial Aggregate Receivables Balance Trigger: Is Minimum < 1.0% No Navistar Financial Corporation by: /s/ R.

  • Noteholders Percent Trigger: 2.1000% Ending Reserve Account Balance not less than 1% of Initial Aggregate Receivables Balance Trigger: Is Minimum < 1.0% No Navistar Financial Corporation by: /s/ R.

  • For the procurement of Non-Expendable Supplies and Services: The Bidder must have completed a single contract that is similar to this Project, equivalent to at le ast fifty percent (50%) of the ABC .

  • Balance not less than 1% of Initial Aggregate Receivables Balance Trigger: Is Minimum < 1.0% No Navistar Financial Corporation by: /s/ R.

  • On the last day of any Monthly Period as of which the Aggregate Receivables Balance is 10% or less of the Initial Aggregate Receivables Balance, the Servicer shall have the option to purchase the assets of the Trust other than the Designated Accounts and the Certificate Distribution Account.

  • In consideration for the purchase of any Designated Receivables and the Related Security, NFRRC shall, on the Closing Date, pay to NFC an amount equal to the Initial Aggregate Receivables Balance for such Designated Receivables (the "Purchase Price") and NFC shall execute and deliver to NFRRC an Assignment with respect to such Designated Receivables.

  • In consideration for the purchase of the Receivables and the Related Security, NFRRC shall, on the Closing Date, pay to NFC an amount equal to the Initial Aggregate Receivables Balance (the "Purchase Price") and NFC shall execute and deliver to NFRRC an Assignment with respect to the Receivables.

  • On the last day of any Monthly Period as of which the Aggregate Receivables Balance is 10% or less of the Initial Aggregate Receivables Balance, the Servicer shall have the option to purchase the Transferred Interest.

  • In consideration for the purchase of the Designated Receivables and the Related Security, NFRRC shall, on the Closing Date, pay to NFC an amount equal to the Initial Aggregate Receivables Balance for such Designated Receivables (the "Purchase Price") and NFC shall execute and deliver to NFRRC an Assignment with respect to such Designated Receivables and Related Security.

  • Noteholders Percent Trigger: 2.0883% Ending Reserve Account Balance not less than 1% of Initial Aggregate Receivables Balance Trigger: Is Minimum < 1.0% No Navistar Financial Corporation by: /s/ R.

Related to Initial Aggregate Receivables Balance

  • Net Receivables Balance means, at any time, the aggregate Outstanding Balance of all Eligible Receivables at such time reduced by the aggregate amount by which the Outstanding Balance of all Eligible Receivables of each Obligor and its Affiliates exceeds the Concentration Limit for such Obligor.

  • Net Receivables Pool Balance means, at any time: (a) the Outstanding Balance of Eligible Receivables then in the Receivables Pool minus (b) the Excess Concentration.

  • Cut-Off Date Aggregate Principal Balance The aggregate of the Cut-off Date Principal Balances of the Mortgage Loans.

  • Cut-off Date Pool Principal Balance The aggregate Stated Principal Balances of all Mortgage Loans as of the Cut-off Date.

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Cut-off Date Pool Balance The aggregate Cut-off Date Principal Balance of all the Original Mortgage Loans.

  • Pool Balance means, as of any date, the aggregate Principal Balance of the Receivables (exclusive of all Administrative Receivables for which the Servicer has paid the Administrative Purchase Payment, Warranty Receivables for which the Seller has paid the Warranty Purchase Payment and Defaulted Receivables) as of the close of business on such date.

  • Principal Receivables means all Receivables other than Finance Charge Receivables.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Initial Pool Balance means the Pool Balance as of the Cut-off Date, which is $ .

  • Receivables Pool means, at any time of determination, all of the then outstanding Receivables transferred (or purported to be transferred) to the Borrower pursuant to the Purchase and Sale Agreement prior to the Termination Date.

  • Net Pool Balance means, as of any date, the aggregate Outstanding Principal Balance of all Receivables (other than Defaulted Receivables) of the Issuer on such date.

  • Cut-off Date Principal Balance As to any Mortgage Loan, the Stated Principal Balance thereof as of the close of business on the Cut-off Date.

  • Note A-3 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-3 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-3 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-7 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-7 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-7 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A Principal Balance means, as of any date of determination, the aggregate Note Principal Balance of the A Notes.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Loan Balance means, at any time, the outstanding principal balance of the Note at such time.

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

  • Note A-8 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-8 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-8 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-6 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-6 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-6 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • 60-Day Delinquent Receivables means, as of any date of determination, all Receivables (other than Repurchased Receivables and Defaulted Receivables) that are sixty (60) or more days delinquent as of such date (or, if such date is not the last day of a Collection Period, as of the last day of the Collection Period immediately preceding such date), as determined in accordance with the Servicer’s Customary Servicing Practices.

  • Principal Receivable means each Receivable other than Finance Charge -------------------- Receivables and Receivables in Defaulted Accounts. A Principal Receivable shall be deemed to have been created at the end of the day on the Date of Processing of such Receivable. In calculating the aggregate amount of Principal Receivables on any day, the amount of Principal Receivables shall be reduced by the aggregate amount of credit balances in the Accounts on such day. Any Principal Receivables which Seller is unable to transfer as provided in Section 2.5(c) of -------------- the Transfer and Servicing Agreement shall not be included in calculating the aggregate amount of Principal Receivables.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Note A-4 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-4 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-4 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Initial Principal Balance means, in respect of a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security agreement or retail installment sale contract evidencing and securing such Receivable.