Purchase Balance definition
Examples of Purchase Balance in a sentence
On any Distribution Date after the last day of any Collection Period as of which the Pool Balance is equal to or less than the Optional Purchase Balance, the Servicer shall have the option to purchase (and/or designate one or more other Persons (other than the Seller or its consolidated subsidiaries and parent companies) to purchase) the Grantor Trust Collateral.
To get the “Average Daily Balance” of Purchases, we take the beginning Purchase Balance of your Account each day, add any new Purchases, and subtract any unpaid interest or other finance charges and any payments or credits applied to your Purchase Balance.
The Cardholder shall retain, for verification by the monthly billing statements sent to the Cardholder, copies of each charge ticket, slip, or other evidence of a transaction obtained in connection with each Purchase, Balance Transfer, Cash Advance, or other transaction on the Account.
Charges included (but not limited to) any Purchase, Balance Transfer, Cash Advance or Convenience Check in which you have evidenced intent to incur a Charge, regardless of whether you have signed a charge form.
Charges include (but are not limited to) any Purchase, Balance Transfer, Cash Advance or Convenience Check in which you have evidenced an intent to incur a Charge, regardless of whether you have signed a charge form.
All fees will be added to the Purchase Balance Plan, except Cash Advance fees which will be added to the Cash Advance Balance Plan on your Account.
We may limit the authorizations to make Purchase, Balance Transfer, Check, or Cash Advance transactions that may be accomplished with your Card or Account.
If, within the first sixty (60) days of Account opening, you have not used your Account to make a Purchase, Balance Transfer, or made a payment on your Account, we will close your Account and you will not be responsible for paying the Annual Fee.
From and after the date hereof, Sellers shall provide the Accounting Firm with reasonable access to the financial information, all work papers, schedules, memoranda, and other documents and information used or prepared in connection with the preparation of the Purchase Balance Sheet.
On any Distribution Date after the last day of any Collection Period as of which the Pool Balance is equal to or less than the Optional Purchase Balance, the Servicer shall have the option to purchase (and/or designate one or more other Persons (other than the Seller or its consolidated subsidiaries and parent companies) to purchase) the [Grantor Trust Collateral].