Turnover Days definition
Turnover Days means, as of any date of determination, the amount (expressed in days) equal to:
Turnover Days at any time during a Settlement Period means the product of (a) the quotient of (i) the aggregate Unpaid Balance of Receivables as of the first day of the next preceding Reporting Period, DIVIDED BY (ii) the aggregate amount of Collections received on all Receivables during such Reporting Period, TIMES (b) the number of days in such Reporting Period.
Turnover Days means, as of any Determination Date, an amount equal to the Pool Balance as of the last day of the immediately preceding Collection Period divided by Collections relating to the immediately preceding Collection Period times 30.
Examples of Turnover Days in a sentence
Borrower shall have Maximum Inventory Turnover Days of not more than 105 days as measured at the end of each Fiscal Quarter for the twelve month period ending on such date.
Permit the Inventory Turnover Days (as defined below) at the end of any fiscal month to be greater than the number of days set forth below opposite such fiscal month.
The Accounts Receivable Turnover Days shall be determined as of the last day of each month for the 3-month period ending on such date.
At any time, on a consolidated basis, the Borrower's Accounts Payable Turnover Days shall not exceed 70.
Borrower shall not permit its Accounts Receivable Turnover Days to exceed the Maximum Accounts Receivable Turnover Days set forth on Schedule A.
More Definitions of Turnover Days
Turnover Days at any time during a Settlement Period, means the product of (a) a fraction the numerator of which is the aggregate Unpaid Balance of all Receivables as of the first day of the next preceding Settlement Period and the denominator of which is the aggregate amount of collections received on all Receivables during such next preceding Settlement Period and (b) the number of days in such next preceding Settlement Period.
Turnover Days means, at any time, the greater of (a) thirty (30) and (b) the quotient of:
Turnover Days means, at any time, the quotient of:
Turnover Days means, as of any Report Date, an amount equal to the Pool Balance as of the last day of the immediately preceding Collection Period divided by Collections relating to the immediately preceding Collection Period times 30.
Turnover Days means, at any time: (a) one-half of the sum of the beginning and ending Outstanding Balances of all Receivables during the Calculation Period most recently ended, multiplied by (b) the number of days in the Calculation Period most recently ended divided by the aggregate amount payable pursuant to invoices generated during that Calculation Period.
Turnover Days or "Yield and Servicing Reserve" or (H) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (G) above in a manner that would circumvent the intention of the restrictions set forth in such clauses; or
Turnover Days means, with respect to any Settlement Period, the product obtained by multiplying (a) the quotient obtained by dividing (i) the Net Pool Balance as of the first day of such Settlement Period by (ii) the aggregate amount of Collections received on Sold Receivables during such Settlement Period by (b) the number of days in such Settlement Period.