Examples of Fixed Allocation Percentage in a sentence
The Principal Receivables in Additional Accounts added during any Monthly Period having an Additional Cut-Off Date as of any day during the preceding Monthly Period shall be treated as Principal Receivables outstanding on and after such Additional Cut-Off Date for purposes of calculating the Floating Allocation Percentage and Fixed Allocation Percentage for the Monthly Period in which such Additional Accounts are added.
In the event of a Lump Sale of Receivables permitted pursuant to this subsection 2.9(b), an adjustment shall be made to the amount payable in respect of the Seller Indebtedness and in the calculation of the Seller’s Allocated Amount and the Seller’s Allocation Percentage and the Floating Allocation Percentage and the Fixed Allocation Percentage applicable to any Series in the manner specified in the last paragraph of subsection 2.9(a).
In addition, the Servicer shall add the portion of such Receivables which are Principal Receivables to the aggregate amount of Principal Receivables used to calculate the Seller’s Allocated Amount and the Seller’s Allocation Percentage and the Floating Allocation Percentage and the Fixed Allocation Percentage applicable to any Series.