Net Receivable Balance definition

Net Receivable Balance means, at any time, the Eligible Receivable Balance less the sum (without duplication) of the portions of the Eligible Receivable Balance (i) that exceed the Obligor Concentration Limit, (ii) that exceed the Governmental Receivable Concentration Limit, and (iii) that exceed the Foreign Receivables Concentration Limit.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Net Receivable Balance means at any time the excess of (i) the Dollar Equivalent of the aggregate Outstanding Balance of Eligible Receivables (whether or not they are Purchased Receivables) over (ii) the sum of the Overconcentration Amount at such time, plus the aggregate Unapplied Cash at such time.

Net Receivable Balance means, at any time, the sum of the ---------------------- Outstanding Balances of all Eligible Lease Receivables at such time reduced by the amount of the Overconcentration Reserve at such time.

Examples of Net Receivable Balance in a sentence

As of August 8, 1998, the aggregate Outstanding Balance of the Receivables in existence was $276,459,847 and the Net Receivable Balance was $255,023,094.
As of August 31, 2008, the aggregate Outstanding Balance of the Receivables in existence and the Net Receivable Balance (as defined in the TAA) were not less than the respective amounts certified as such in (i) the Investor Report dated as of September 30, 2008 hereof and provided to the Agent or (ii) the Investor Report delivered after the date hereof in accordance with Section 4.2(a) of the TAA.
As of November 30, 1996, the aggregate Outstanding Balance of the Receivables in existence was at least $809,000,000 and the Net Receivable Balance was at least $597,000,000.
Except during a Liquidation Period for a Purchaser, such Purchaser’s Purchase Interest will change whenever its Investment, its Purchaser Reserve Percentage or the Net Receivable Balance changes.
Seller has determined that, immediately after giving effect to each purchase under the Original Agreement and each purchase hereunder, the Net Receivable Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.
As of June 26, 1997, the aggregate Outstanding Balance of the Receivables in existence was $77,556,653.71 and the Net Receivable Balance was $58,765,886.42.
The Customer Net Receivable Balance was converted into subordinated secured debt of Supplier to Customer in accordance with the terms of Section 4.12, below.
On July 2, 2015, Supplier executed and delivered to Customer a promissory note in the amount of the Customer Net Receivable Balance (the “Promissory Note”), a Security Agreement securing the note amount against certain assets of Supplier, and an Inter-Creditor Agreement providing that Customer’s lien against Supplier’s assets are a subordinated second lien to the Lender’s security interest in such assets and that, in particular, the lien on such assets in favor of ▇▇▇▇ are subordinate to that of Customer .
As of the Cut-Off Date, the aggregate Outstanding Principal Balance of the Receivables in existence was $318,269,025.64 the aggregate balance of Finance Charges was $13,524,570.57 and the Net Receivable Balance was $318,269,025.64.
As of February 28, 2005, the aggregate Outstanding Principal Balance of the Receivables in existence was $261,022,963.40, the aggregate balance of Finance Charges was $24,518,703.07, and the Net Receivable Balance was $261,022,963.40.

More Definitions of Net Receivable Balance

Net Receivable Balance means, for the day in question, the amount by which (a) the Aggregate Cardholders' Balance (other than the portion thereof comprising Indebtedness sold to MWCC under the Credit Card Receivables Sale Agreement) as of the opening of business of such day, as computed pursuant to Monogram's Accounting Practices, exceeds (b) the amount of any allowance for bad debts on the books of Monogram or Assignees other than MWCC with respect to the Indebtedness comprising the Aggregate Cardholders' Balance (again other than the portion thereof comprising Indebtedness sold to MWCC under the Credit Card Receivables Sale Agreement), as of the opening of business on such day, also as computed pursuant to Monogram's Accounting Practices.

Net Receivable Balance means, on any date of determination, (a) the aggregate Unpaid Balance of all Eligible Receivables, minus (b) the Excess Concentration Amount for all Obligors, minus (c) the Contractual Dilution Reserve.