Retained Collections definition
Retained Collections means, with respect to a Collection Period, the amount of Collections received in such Collection Period (excluding all Excluded Amounts).
Retained Collections means, with respect to any specified period of time, the amount equal to (i) Collections received over such period minus without duplication (ii) the Excluded Amounts and Excess Amounts over such period.
Retained Collections means, with respect to any specified period of time, the amount equal to (i) Collections received over such period minus (ii) without duplication, the Excluded Amounts over such period. Funds released from the Cash Trap Reserve Account will not constitute Retained Collections.
Examples of Retained Collections in a sentence
The Trustee shall withdraw from the Collection Account any monies on deposit therein that the Manager certifies to it and the Servicer are not Retained Collections and pay such amounts to or at the direction of the Manager.
More Definitions of Retained Collections
Retained Collections means all amounts (except Sold Collections) which from time to time are received by Navistar Financial, a Collection Bank, the Concentration Bank, a Proceeds Account Bank or the Trustee as Proceeds of Navistar Financial Receivables which are Wholesale Receivables or Retail Receivables, including, without limitation, to the extent constituting Proceeds, (i) all payments of purchase prices, principal, finance charges, interest, late payment charges and other charges, (ii) all collection fees, extension fees and other fees, (iii) all insurance proceeds, payments by guarantors and other amounts to be applied to the payment of the foregoing, (iv) all net proceeds of the sale or other disposition of repossessed equipment, vehicle repair and replacement parts inventory or other collateral and (v) all proceeds of any repurchase or purchase of any Navistar Financial Receivables by the original seller or a third party.
Retained Collections means, with respect to any specified period of time, the amount equal to (i) Collections (other than (x) cash revenues, credit card proceeds, and debit card proceeds generated by the Product Sourcing Business, the Claims Management Business or Securitization-Owned Locations and (y) any proceeds of the initial sale of gift cards generated by Securitization-Owned Locations) received over such period plus, without duplication, (a) the Weekly Estimated Securitization-Owned Location Profits Amount, the Weekly Estimated Product Sourcing Profits Amount and the Weekly Estimated Claims Management Profits Amount, in each case, with respect to such period plus (b) the Monthly Securitization-Owned Location Profits True-up Amount, the Monthly Product Sourcing Profits True-up Amount and the Monthly Claims Management Profits True-up Amount, in each case, with respect to such period, minus, without duplication, (ii) the Excluded Amounts over such period. Funds released from the Cash Trap Reserve Accounts will not constitute Retained Collections.
Retained Collections means (a) all Collections excluding (i) Excluded Amounts and (ii) Bank Account Expenses (solely with respect to the Concentration Accounts), (b) any Retained Collections Contributions and (c) without duplication, Weekly FCF Distributions and Weekly Distributor Profit Amounts.
Retained Collections means, with respect to a Collection Period, the amount of Collections received in such Collection Period (excluding (i) all Excluded Amounts and (ii) all Advance Fees, which will be identified to the Collateral Agent for direct deposit into the Advance Fees Reserve Account in accordance with the Manager Report, received during such Collection Period), plus any Released Advance Fees with respect to the Payment Date relating to such Collection Period; provided, that for the purpose of calculating the Leverage Ratio and DSCR for any purpose hereunder, (x) Management Fees for each of November 2024 and December 2024 shall be in amounts calculated by Manager on or prior to the initial Credit Date in good faith and acceptable to Administrative Agent and the Lenders and (y) Retained Collections for January 2025 and any later month prior to which the related Fiber Network Assets and Customer Contracts have not been contributed will be calculated or adjusted to reflect the Manager’s good faith estimate (in accordance with the Operation Standards) of what Retained Collections would have been for the portion of such month(s) if such assets had been contributed at the beginning of the relevant period.
Retained Collections means, with respect to any specified period of time, the amount equal to (A) the sum of (i) Collections (other than Securitized Corporate-Owned Store Collections, Equipment Revenue Payments and Franchisee Lease Payments) received over such period plus, without duplication, (ii) Monthly Fiscal Period Estimated Securitized Corporate-Owned Store Profits Amount for the Monthly Fiscal Period most recently ended plus, without duplication, (iii) with respect to all prior Monthly Fiscal Periods, any unpaid Monthly Fiscal Period Securitized Corporate-Owned Store Profits True-up Amounts, plus, without duplication, (iv) Monthly Fiscal Period Estimated Equipment Distribution Profits Amount for the Monthly Fiscal Period most recently ended, plus, without duplication, (v) with respect to all prior Monthly Fiscal Periods, any unpaid Monthly Fiscal Period Equipment Distribution Profits True-up Amount, plus, without duplication, (vi) Net Franchisee Lease Payments for the Monthly Fiscal Period most recently ended, minus (B), without duplication, the Excluded Amounts over such period.
Retained Collections means, with respect to any specified period of time, the amount equal to (i) Collections received over such period minus, (ii) without duplication of the amounts set forth in the definition thereof, the Excluded Amounts over such period. Funds released from the Cash Trap Reserve Account, but excluding Cash Trapping Release Amounts, shall not constitute Retained Collections. Solely for the purposes of calculating any financial measure pursuant to this Base Indenture and the other Transaction Documents, the amount of any deferred Franchisee Payment Amounts shall constitute “Retained Collections”, as if such amount was received on the date due, instead of the date actually received at the election of the Manager, to the extent that the Manager or another Non-Securitization Entity makes a corresponding equity contribution (other than with the proceeds of a draw under the Class A-1 Notes) equal to such amount (“Deemed Retained Collections”). If and when the Securitization Entities receive a deferred Franchisee Payment Amount relating to Deemed Retained Collections, such deferred receipt shall not then constitute “Retained Collections,” for purposes of calculating any financial measure pursuant to this Base Indenture and the other Transaction Documents (i.e. there shall be no double-counting of Deemed Retained Collections and related deferred Franchisee Payment Amounts when such deferred Franchisee Payment Amounts are received). For the avoidance of doubt, with respect to the Quarterly Fiscal Period ending December 26, 2020, all Retained Collections received during the portion of such Quarterly Fiscal Period occurring prior to the Closing Date shall be Retained Collections for purposes of all calculations hereunder, including Net Cash Flow, the Senior Leverage Ratio and the DSCR.
Retained Collections means, with respect to a Collection Period, the amount of Collections received in such Collection Period (excluding all Excluded Amounts and all Advance Fees).