Common use of Undivided Interest Clause in Contracts

Undivided Interest. (a) Definition and Computation of Undivided Interest. For purposes of this Agreement, "Undivided Interest" means, as the context may require (i) an undivided ownership interest, in a percentage determined from time to time as provided in clause (ii) below, in (A) all then outstanding Pool Receivables, (B) all Related Security with respect to such Pool Receivables, (C) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security and (D) all books and records (including, without limitation, computer disks) related to the foregoing (collectively, the "Pool"), and (ii) at any time, the quotient, expressed as a percentage, obtained by dividing the Required Allocation by the Net Pool Balance. The Undivided Interest shall be computed as follows: UI = RA = PI + DF + CR + SFR --- ------------------ NPB NPB where: UI = the Undivided Interest at any time; RA = the Required Allocation at such time, as determined pursuant to Section 2.02; and NPB = the Net Pool Balance at such time, as determined pursuant to Section 2.04.

Undivided Interest. (a) Definition and Computation of Undivided Interest. For purposes of this Agreement, "Undivided Interest" means, as the context may require (i) an undivided ownership interest, in a percentage determined from time to time as provided in clause (ii) below, in (A) all then outstanding Pool Receivables, (B) all Related Security with respect to such Pool Receivables, (C) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security and (D) all books and records (including, without limitation, computer disks) related to the foregoing (collectively, the "Pool"), and (ii) at any time, the quotient, expressed as a percentage, obtained by dividing the Required Allocation for such Undivided Interest by the Net Pool Balance. The Each Undivided Interest shall be computed as follows: UI = RA = PI + DF + CR + SFR + DR --- ------------------ ----------------------- NPB NPB where: UI = the Undivided Interest at any time; RA = the Required Allocation Allocations of such Undivided Interest at such time, as determined pursuant to Section 2.02; and NPB = the Net Pool Balance at such time, as determined pursuant to Section 2.04.

Undivided Interest. (a) Definition and Computation of Undivided Interest. For purposes of this Agreement, "Undivided Interest" means, as the context may require (i) an undivided ownership interest, in a percentage determined from time to time as provided in clause (ii) below, in (A) all then outstanding Pool Receivables, (B) all Related Security with respect to such Pool Receivables, (C) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security and (D) all books and records (including, without limitation, computer disks) related to the foregoing (collectively, the "Pool"), and (ii) at any time, the quotient, expressed as a percentage, obtained by dividing the Required Allocation by the Net Pool Balance. The Undivided Interest shall be computed as follows: UI = RA = PI + DF + CR + SFR --- ------------------ NPB NPB where: ----- UI = the Undivided Interest at any time; RA = the Required Allocation at such time, as determined pursuant to Section 2.02; and NPB = the Net Pool Balance at such time, as determined pursuant to Section 2.04.

Undivided Interest. (a) Definition and Computation of Undivided Interest. For purposes of this Agreement, "Undivided Interest" means, as the context may require (i) an undivided ownership interest, in a percentage determined from time to time as provided in clause (ii) below, in (Aa) all then outstanding Pool Receivables, (Bb) all Related Security with respect to such Pool Receivables, (Cc) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security and (Dd) all books and records (including, without limitation, computer disks) related to the foregoing (collectively, the "Pool"), and (ii) at any time, the quotient, expressed as a percentage, obtained by dividing the Required Allocation for such Undivided Interest by the Net Pool Balance. The Each Undivided Interest shall be computed as follows: UI = UI=RA = PI + DF + CR + SFR --- ------------------ + DR NPB NPB where: UI = UI=the Undivided Interest at any time; RA = RA=the Required Allocation Allocations of such Undivided Interest at such time, as determined pursuant to Section 2.02; and NPB = NPB=the Net Pool Balance at such time, as determined pursuant to Section 2.04.