Monthly Payment Rate definition

Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.
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Monthly Payment Rate means, for any Collection Period, the percentage derived from dividing the Principal Collections for such Collection Period by the average daily Pool Balance for such Collection Period.
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Monthly Payment Rate means, with respect to any Collection Period, the percentage equivalent of a fraction, the numerator of which is the Principal Collections with respect to such Collection Period and the denominator of which is the average of the Pool Balance on the first and last day of such Collection Period.
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Examples of Monthly Payment Rate in a sentence

  • Effective on each subsequent January 1, the monthly employee cost-sharing contribution shall be adjusted to reflect 15% of the Carriers’ Monthly Payment Rate for the relevant year.

  • For each month that the employer is required to make a contribution to the Plan on the employee's behalf for foreign-to-occupation health benefits coverage for themselves and/or their dependents, a monthly cost-sharing contribution by the employee shall be made in an amount equal to 15% (fifteen percent) of the Carrier’s then current Monthly Payment Rate.

  • Effective on each subsequent January 1, the monthly employee cost-sharing contribution shall be adjusted to reflect 15% of the Carrier's Monthly Payment Rate for the relevant year.

  • ERISA.....................................................29 SECTION 3.10.

  • The accounts in the Discover Card portfolio have had the following historical payment rates: Lowest Monthly Payment Rate 18.42 % 18.82 % 17.82 % 17.15 % Highest Monthly Payment Rate 20.41 % 21.18 % 19.89 % 18.91 % Average Monthly Payment Rate 19.61 % 19.95 % 19.21 % 18.20 % This material was not prepared by the M▇▇▇▇▇ S▇▇▇▇▇▇ research department.


More Definitions of Monthly Payment Rate

Monthly Payment Rate means, on any Determination Date, the quotient of (1) the sum of Dealer Note Collections for the related Due Period and (2) the daily average Aggregate Receivables Balance during the related Due Period.
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Monthly Payment Rate is defined in the Sale and Servicing Agreement.
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Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is (x) the Principal Collections during such Monthly Period, minus (y) the portion of such Principal Collections allocated to the Transferor pursuant to Sections 8.4(d), (e) and (f) of the Master Indenture, and (b) the denominator of which is (x) the Combined Outstanding Principal Balances as of the beginning of such Monthly Period, minus (y) the sum of the aggregate amount of each Dealer Overconcentration, Manufacturer Overconcentration and Product Line Overconcentration determined on the Determination Date falling in such Monthly Period.
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Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the excess of (i) the Principal Collections during such Monthly Period, over (ii) the portion of such Principal Collections allocated to the Transferor pursuant to Section 8.4 of the Indenture in respect of the Product Line Overconcentration for the accounts receivable and asset based lending receivables Product line for such Monthly Period and (b) the denominator of which is the excess of (i) the Combined Outstanding Principal Balances as of the beginning of such Monthly Period, over (ii) the Product Line Overconcentration for the accounts receivable and asset based lending receivables Product line used for purposes of making allocations for such Monthly Period.
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Monthly Payment Rate means, on any Determination Date, the quotient of (1) the sum of Dealer Note Principal Collections for the related Due Period and (2) the daily average principal amount of Dealer Notes outstanding during the related Due Period.
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Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is (x) the Principal Collections during such Monthly Period, minus (y) with respect to any Monthly Period after the March 2013 Monthly Period, the portion of such Principal Collections allocated to the Transferor pursuant to Sections 8.4(d), (e) and (f) of the Master Indenture, and (b) the denominator of which is (x) the Combined Outstanding Principal Balances as of the beginning of such Monthly Period, minus (y) with respect to any Monthly Period after the March 2013 Monthly Period, the sum of the aggregate amount of each Dealer Overconcentration, Manufacturer Overconcentration and Product Line Overconcentration determined on the Determination Date falling in such Monthly Period.
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Monthly Payment Rate means, unless otherwise specified for a Series in the related Supplement, for any Collection Period, the percentage derived from dividing the Principal Collections (without excluding therefrom the Discount Portions) collected during such Collection Period by the average daily aggregate balance of the Principal Receivables (without deducting therefrom the Discount Portions) for such Collection Period.
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