Eligible Receivable Balance definition

Eligible Receivable Balance means, at any time, the aggregate outstanding principal balance of all Eligible Receivables less the sum of (i) the portion of the aggregate outstanding principal balance of Eligible Receivables which exceed the Concentration Limit and the Special Limit, (ii) the Customer Deposit Amount and (iii) the amount, if any, by which the outstanding balance of Eligible Receivables for which the Originator has not yet issued an invoice exceeds 60% of the outstanding balance of all Eligible Receivables.

Eligible Receivable Balance means the Total Outstanding Receivable Balance minus the aggregate Outstanding Balance of all Receivables that are not Eligible Receivables, minus the Unrealized Contractual Adjustment Reserve minus the Non-Securitization Account Receivable Proxy. ​

Eligible Receivable Balance means, at any time, the aggregate outstanding principal balance of all Eligible Receivables less the sum of (i) the amount by which (A) the outstanding balance of Eligible Receivables without duplication, owed by each Obligor and its Affiliates plus (B) the Unbilled Receivables for such Obligor exceeds the Concentration Limit for such Obligor, (ii) the amount by which the Eligible Receivables owed by all Governmental Obligors exceeds the Governmental Limit, (iii) the amount by which the outstanding principal amount of all Unbilled Receivables exceeds 40% of the outstanding principal balance of Eligible Receivables, and (iv) the amount of all deposits made by any Obligor with the Originator or the Collection Agent with respect to any Receivables of such Obligors.

Examples of Eligible Receivable Balance in a sentence

• The aggregate Outstanding Principal NLS Balance of all Receivables related to any single Obligor does not exceed 15% of the Eligible Receivable Balance; Result: No findings were identified in performing this procedure.

• The aggregate Outstanding Principal NLS Balance of all Receivables with an Obligor which has a long-term senior unsecured debt rating and/or financial strength rating of below NAIC-1 by the National Association of Insurance Commissioners does not exceed 35.00% of the aggregate Eligible Receivable Balance; Result: No findings were identified in performing this procedure.

• The aggregate Outstanding Principal NLS Balance of all Receivables with an Obligor which has either (i) no long-term senior unsecured debt rating or (ii) a long-term senior unsecured debt rating and/or financial strength rating of below NAIC-2 by the National Association of Insurance Commissioners, does not exceed 20.00% of the of the aggregate Eligible Receivable Balance; Result: No findings were identified in performing this procedure.

• The aggregate Outstanding Principal NLS Balance of all Receivables related to plaintiffs represented by the same Lawyer does not exceed 15% of the Eligible Receivable Balance; Result: No findings were identified in performing this procedure.

• The aggregate Outstanding Principal CSS Balance of all Receivables with an Obligor which has either (i) no long-term senior unsecured debt rating or (ii) a long-term senior unsecured debt rating and/or financial strength rating of below NAIC-1 by the National Association of Insurance Commissioners does not exceed 60.00% of the aggregate Eligible Receivable Balance without exception.

More Definitions of Eligible Receivable Balance

Eligible Receivable Balance means the outstanding principal balance of all Eligible Receivables.

Eligible Receivable Balance means, at any time, the aggregate outstanding principal balance of all Eligible Receivables.

Eligible Receivable Balance means, at any time, the aggregate outstanding principal balance of all Eligible Receivables minus the portion of the aggregate outstanding balance of Eligible Receivables which exceeds the Concentration Limit or the Special Limit.

Eligible Receivable Balance means, at any time, the aggregate outstanding principal balance of all Eligible Receivables less the sum of (i) the amount by which the outstanding balance of Eligible Receivables owed by each Obligor and its Affiliates exceeds the Concentration Limit for such Obligor, (ii) the amount by which the Eligible Receivables owed by all Governmental Obligors exceeds the Governmental Limit, (iii) the amount by which outstanding principal amount of all Unbilled Receivables exceeds 40% of the outstanding principal balance of Eligible Receivables, and (iv) the amount by which the outstanding principal balance of all Final Xxxx Receivables exceeds 3% of the outstanding principal balance of Eligible Receivables.

Eligible Receivable Balance means the principal balance owed by the underlying consumer on the Eligible Receivable as of the date the Eligible Receivable is purchased by Buyer.

Eligible Receivable Balance means, at any time, the aggregate outstanding principal balance of all Sold Receivables that are Eligible Receivables.

Eligible Receivable Balance means, at any time, the aggregate outstanding principal balance of all Eligible Receivables minus the sum of (i) the portion of the aggregate outstanding balance of Eligible Receivables which exceeds the Concentration Limit, (ii) the portion of the aggregate outstanding balance of Eligible Receivables the Obligors of which are Approved Foreign Obligors which exceeds 3% of the aggregate outstanding balance of all Eligible Receivables and (iii) the amount of sales or other Taxes, including interest and penalties, owed in respect of Eligible Receivables, except for such Taxes that have been paid by the Seller and as to which the relevant Obligor has agreed to repay the Seller.