Receivables Advance Amount definition

Receivables Advance Amount means, as of any Funding Date, an amount equal to the sum of (a) the difference between (i) the aggregate Receivables Balance of all Eligible Receivables (excluding Pre-Funded Receivables) after taking into account the pledge of Subsequent Receivables on such Funding Date and (ii) the Current Peak Note Percentage Reserve Amount plus (b) the Pre-Funded Collateral plus (c) cash in the Collection Account (excluding any amounts necessary to pay amounts required to be paid pursuant to clause First through Tenth of Section 5.03 (b) hereof on the next Payment Date, to the extent such amounts are identified on or before the Funding Date.)
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Receivables Advance Amount means the sum of (a) the Class A Receivables Advance Amount plus (b) the Class B Receivables Advance Amount.
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Receivables Advance Amount means, in respect of an Eligible Receivable, the amount produced by (i) deducting from the face amount of such Eligible Receivable the maximum discounts, credits and allowances of any nature which may be taken by or granted to such account debtor or any other person in connection with such Eligible Receivable and (ii) multiplying the resultant balance by the applicable Receivables Percentage.
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Examples of Receivables Advance Amount in a sentence

  • To the extent that any Daily Invoice reflects an Incremental Receivables Advance Amount, Party A shall advance such amount to Party B (together with the Initial Receivables Advance, collectively the “Receivables Advances”).

  • The Indenture Trustee shall, subject to the satisfaction of the conditions precedent set forth in Section 2.11 or Section 2.12, as applicable, simultaneously transfer such Receivables Advance Amount to the Issuer in accordance with the written instructions of the Issuer.

  • Advance Amount The Agent acting reasonably shall determine the Receivables Advance Amount for the Receivables specified in a Receivables Notice on the basis of information provided by the Company or relevant Borrower and will (upon request) advise the Senior Lenders and the relevant Borrower of such determination.


More Definitions of Receivables Advance Amount

Receivables Advance Amount means (i) with respect to the Closing Date, an amount equal to the product of (A) the aggregate Receivable Balance of all Eligible Receivables times (B) the Note Percentage, and (ii) with respect to each Funding Date, an amount equal to (y) the product of (A) the aggregate Receivable Balance of all Eligible Receivables after taking into account the pledge of the Subsequent Receivables on such Funding Date times (B) the Note Percentage minus (z) the Note Principal Balance as of such Funding Date (after taking into account any distributions to be made on such Funding Date).
Sample 1
Receivables Advance Amount means, as of any Funding Date, an amount equal to the sum of (a) the difference between (i) the aggregate Receivables Balance of all Eligible Receivables (excluding Pre-Funded Receivables) after taking into account the pledge of Subsequent Receivables on such Funding Date and (ii) the Current Peak Note Percentage Reserve Amount plus (b) the Pre-Funded Collateral.
Sample 1

Related to Receivables Advance Amount

  • Receivables Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(i) hereof.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • P&I Advance Date The Business Day immediately prior to each Distribution Date.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Period Servicing Amount means, for any twelve month period with respect to each of the Shared-Loss Agreements during which the loss-sharing provisions of the applicable Shared-Loss Agreement are in effect, the product of (i) the simple average of the principal amount of Shared-Loss Loans and Shared-Loss Assets (other than the Shared-Loss Securities) (in each case as defined in the Shared-Loss Agreements), as the case may be, at the beginning of such period and at the end of such period times (ii) one percent (1%).

  • Maximum Revolving Advance Amount means $25,000,000.

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

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Yield Supplement Amount means, with respect to any Collection Period and the related Deposit Date, the aggregate amount by which one month’s interest on the Principal Balance as of the first day of such Collection Period of each Discount Receivable (other than a Discount Receivable that is a Defaulted Receivable) at a rate equal to the Required Rate, exceeds one month’s interest on such Principal Balance at the APR of each such Receivable.

  • Receivables Repurchase Obligation means any obligation of a seller of receivables in a Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.