Discount Option Receivables Collections means on any Date of Processing on and after the date on which the Transferor's exercise of its discount option pursuant to Section 2.8 takes effect, the product of (a) a fraction the numerator of which is the amount of the Discount Option Receivables and the denominator of which is the sum of the Principal Receivables plus the amount of Discount Option Receivables in each case (for both numerator and denominator) at the end of the prior Monthly Period and (b) Collections of Principal Receivables, prior to any reduction for Finance Charge Receivables which are Discount Option Receivables, received on such Date of Processing.

Discount Option Receivables Collections means on any Date of Processing occurring on or after the initial Discount Option Date, the product of (i) the Discount Option Percentage and (ii) Collections of Receivables received on such Date of Processing.

Discount Option Receivables Collections means on any Date of Processing on and after the date on which the Transferor’s exercise of its discount option pursuant to Section 2.11 takes effect, the product of (a) a fraction the numerator of which is the amount of the Discount Option Receivables and the denominator of which is the sum of the Principal Receivables (other than Discount Option Receivables) and the Discount Option Receivables in each case (for both numerator and denominator) at the end of the prior Monthly Period and (b) Collections of Principal Receivables that arise in the Accounts on such day on or after the date such option is exercised that would otherwise be Principal Receivables.

Examples of Discount Option Receivables Collections in a sentence

The aggregate amount of Discount Option Receivables outstanding on any Date of Processing occurring on or after the initial Discount Option Date shall equal (a) the aggregate Discount Option Receivables at the end of the prior Date of Processing, plus (b) any new Discount Option Receivables created on such Date of Processing, minus (c) any Discount Option Receivables Collections received on such Date of Processing.

More Definitions of Discount Option Receivables Collections

Discount Option Receivables Collections means on any Date of Processing on and after the date on which Transferor’s exercise of its discount option pursuant to Section 2.08 of the Transfer and Servicing Agreement takes effect, the product of (a) a fraction the numerator of which is the amount of Discount Option Receivables and the denominator of which is the sum of the Principal Receivables plus the Discount Option Receivables, in each case (for both numerator and denominator) on the last day of the prior Monthly Period and (b) Collections of Principal Receivables (without giving effect to Discount Option Receivables) on such Date of Processing.

Discount Option Receivables Collections means Collections in respect of Discount Option Receivables;

Discount Option Receivables Collections means on any Date of Processing on and after the date on which the Depositor's exercise of its discount option pursuant to Section 2.11(a) takes effect, the product of (a) a fraction the numerator of which is the amount of the Discount Option Receivables and the denominator of which is the sum of the Principal Receivables other than Discount Option Receivables) and the Discount Option Receivables in each case (for both numerator and denominator) at the end of the prior Monthly Period and (b) collection of Principal Receivables that arise in the Accounts on such day on or after the date such option is exercised that would otherwise be Principal Receivables.

Discount Option Receivables Collections means as of any Date of Processing, occurring after the effective date of the designation of a Discount Percentage, the sum, for all Retailers of the product of (a) the Discount Percentage with respect to such Retailer and (b) Collections of Principal Receivables with respect to such Retailer (determined without giving effect to the proviso in the definition of Principal Receivables) on such Date of Processing.

Discount Option Receivables Collections means on any Date of Processing on and after the date on which the Seller’s exercise of its discount option pursuant to section 2.13 of the Receivables Purchase Agreement takes effect, the product of (a) a fraction the numerator of which is the amount of the Discount Option Receivables and the denominator of which is the sum of the Principal Receivables (other than the Discount Option Receivables) and the Discount Option Receivables in each case (for both numerator and denominator) at the end of the prior Monthly Period, and (b) Collections of Principal Receivables that arise in the Accounts on such day on or after the date such option is exercised that would otherwise be Principal Receivables;

Discount Option Receivables Collections means on any Date of Processing on and after the date on which Transferor's exercise of its discount option pursuant to SECTION 2.8 of the Transfer and Servicing Agreement takes effect, the product of (a) a fraction the numerator of which is the amount of the Discount Option Receivables and the denominator of which is the sum of the Principal Receivables plus the amount of Discount Option Receivables in each case (for both numerator and denominator) at the end of the prior Monthly Period and (b) Collections of Principal Receivables, prior to any reduction for Finance Charge Receivables which are Discount Option Receivables, received on such Date of Processing.

Discount Option Receivables Collections and "New Discount Option Receivables".