Total Receivables definition
Examples of Total Receivables in a sentence
The Accounts Receivable, including all Accounts Receivable reflected on the Seller's Balance Sheet, all Accounts Receivable arising after the date of the Balance Sheet and all Accounts Receivable reflected on the Accounts Receivable List and Total Receivables List are bona fide accounts receivable, arising from bona fide transactions in the ordinary course of the Seller's business, the full amount of which is actually owing to the Seller, subject to no Claims.
At the Closing, the Seller shall deliver to the Purchaser a complete and correct list of the Seller's Total Receivables (the "Total Receivables List") as of the close of business on the day immediately preceding the Closing Date specifying the age of each of the Accounts Receivable, the amount due, name and address of each account debtor on the Total Receivables List (the "Total Account Debtors").
Based solely on the information contained in the Monthly Tape and the Servicer's Certificate, the Backup Servicer shall verify the Aggregate Outstanding Principal Balance of the Total Receivables Pool.
The 90-Day Receivables at any time shall not be greater than seven percent (7.0%) of Total Receivables at such time, excluding Licensing Fees and Equipment Fees.
As of February 28, 2007, the accounts in the Discover Card portfolio had the following delinquency statuses: Total Receivables $ 46,131,203 100.0 % Receivables Delinquent: 30 to 59 Days $ 452,135 1.0 % 60 to 89 Days $ 324,781 0.7 % 90 to 119 Days $ 268,838 0.6 % 120 to 149 Days $ 245,762 0.5 % 150 to 179 Days $ 238,037 0.5 % Over 180 Days $ 0 0.0 % Total Delinquent $ 1,529,553 3.3 % Summary Historical Receivable Information.