Managed Receivables definition
Managed Receivables of any Person means for any date all credit card receivables originated by such Person as of such date regardless of whether such credit card receivables are determined, with respect to such Person’s financial statements, to be “on-balance sheet” or “off-balance sheet.”
Managed Receivables of any Person means for any date the principal amount of all Securitization Assets originated or acquired by such Person as of such date regardless of whether such Securitization Assets are determined, with respect to such Person’s financial statements, to be “on-balance sheet” or “off-balance sheet.”
Managed Receivables means all Pool Receivables and all Monetized Receivables.
Examples of Managed Receivables in a sentence
Notwithstanding the foregoing, the Managed Receivables, the Agreed Deficit and the Gain Receivable on Secured Credit Cards referred to in Exhibit B to Schedule 1.06(g) shall be computed as of the Specified Date.
Borrower will permit its Tier 1 Capital to Managed Receivables Ratio as of the last day of any fiscal quarter of such U.S. Borrower to be less than 4.0%.
For the purposes of computing the Agreed Deficit, Managed Receivables shall include the pro rata portion of the monthly bankruptcy charge offs; provided that (i) no such balances shall otherwise be included in the Managed Receivables balance, and (ii) such charge offs are recorded in the February Adjusted Income Statement.
Notwithstanding the foregoing, the Managed Receivables, the Agreed Deficit and the Gain Receivable on Securitized Credit Cards referred to in Exhibit B to Schedule 1.06(g) shall be computed as of the Specified Date.
In addition, if a subservicing arrangement relates to TFC Managed Receivables, the related subservicer may be terminated by the Controlling Note Purchaser upon the occurrence of a TFC Funding Termination Event.
More Definitions of Managed Receivables
Managed Receivables means receivables, retail installment contracts, promissory notes, charge accounts or other receivables, chattel paper or other similar financial assets originated, acquired or serviced in the ordinary course of business of SOI or any of its Subsidiaries, under the “Extended Credit Program” as such term is used in the Credit and Collection Policy, and shall include all related collateral and assets and any retained assets in respect of the foregoing.
Managed Receivables means on any date and with respect to any person, the sum for such person and its consolidated Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP) of (a) all on-balance sheet credit card loans and other finance receivables plus (b) all on balance sheet credit card loans and other finance receivables held for securitization plus (c) all securitized credit card loans and other finance receivables of such person; provided that, as the term "Managed Receivables" is used in the Tier I Capital to Managed Receivables Ratio calculation, clauses (a), (b) and (c) above shall be determined exclusive of securitized, non-revolving finance receivables;
Managed Receivables means, on any date, the sum for the Guarantor and its consolidated Subsidiaries (determined on a consolidated basis in accordance with GAAP) of (a) all on-balance sheet credit card loans and other finance receivables plus (b) all on-balance sheet credit card loans and other ---- finance receivables held for securitization plus (c) all securitized credit card ---- loans and other finance receivables, provided that, as the term "Managed Receivables" is used in the definition of "Tier I Capital to Managed Receivables Ratio", clauses (a), (b) and (c) above shall be determined exclusive of securitized non-revolving finance receivables.
Managed Receivables means all Receivables (without giving effect to the requirement in the definition thereof that such Receivables be included in the Schedule of Receivables) originated by the Originators and held or serviced by the Originators or their Affiliates (including the Borrower) other than Receivables that were “live check” Receivables generated in April, May or June of 2021.
Managed Receivables means, on any date and with respect to any U.S. Borrower, the sum for such U.S. Borrower and its consolidated Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP) of (a) all on-balance sheet credit card loans and other finance receivables plus (b) all on-balance sheet credit card loans and other finance receivables held for securitization plus (c) all securitized credit card loans and other finance receivables; provided that, as the term “Managed Receivables” is used in the definition of “Tier 1 Capital to Managed Receivables Ratio”, clauses (a), (b) and (c) above shall be determined exclusive of securitized on-balance sheet finance receivables.
Managed Receivables means, on any date and with respect to any Obligor, the sum for such Obligor and its consolidated Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP) of (a) all on-balance sheet credit card loans and other finance receivables plus (b) all on-balance sheet credit card loans and other finance receivables held for securitisation plus (c) all securitised credit card loans and other finance receivables; provided that, as the term "Managed Receivables" is used in the definition of "Tier 1 Capital to Managed Receivables Ratio", (a), (b) and (c) above shall be determined exclusive of securitised non-revolving finance receivables.
Managed Receivables is used in definition of "Tier 1 Capital to Managed Receivables Ratio", clauses (a), (b) and (c) above shall be determined exclusive of securitized non-revolving finance receivables.