Gross Receivables definition

Gross Receivables means amounts owing (net of credit balances) from cardholders with respect to accounts in a Credit Card portfolio (including outstanding loans, cash advances and other extensions of credit; billed or unbilled finance charges and late charges; and any other billed or unbilled fees, charges and interest assessed on such accounts).

Gross Receivables means amounts owing (net of credit balances) to the Sellers from Cardholders with respect to Accounts and Employee Accounts (in each case, including outstanding loans, cash advances, balance consolidation receivables and other extensions of credit, accrued finance charges and late charges, whether or not posted, and any other accrued fees, charges and interest assessed on such Accounts and Employee Accounts, whether or not posted).

Gross Receivables means (i) any amount posted as owing by a Borrower under any Account, including (A) any amounts owing for the payment of goods and services (including Enhancement Services), cash advances, cash advance fees, access check fees, annual card membership fees, and (B) any other fee, expense or charge of every nature, kind and description whatsoever; and (ii) amounts owed under the loans associated with the Non-Credit Card Accounts, in each case less any amount owed by any Seller or any of their respective Subsidiaries to the Borrower as a credit balance, but only to the extent that such amounts owed by the Borrower are owned by such Seller or its respective Subsidiaries. For the avoidance of doubt, “Gross Receivables” shall not include Charged Off Accounts or Accrued Interest and Fees.

Examples of Gross Receivables in a sentence

• General FundRoad & BridgeFundMiscellaneous 76,421 11,724 880,031 968,176 Total Gross Receivables$ 3,231,213$ 1,122,889$ 1,006,905$ 5,361,007Less: Allowance for Uncollectible Taxes (258,477) (91,171) (10,552) (360,200) Net Total Receivables $ 2,972,736 $ 1,031,718 $ 996,353 $ 5,000,807 Governmental funds report unearned revenue in connection with receivables for revenues that are not considered to be available to liquidate liabilities of the current period.

• SocietyOne Acquisition Driving Immediate and Long-Term Growth The acquisition of SocietyOne increased the Group’s Gross Receivables at the end of 3Q22 by$356m on a statutory basis and by $452m on a proforma basis (that includes loans under SocietyOne’s managed peer to peer program).

• Receivables (Continued)Governmental District-Wide Fund Financial FinancialStatements StatementsState Aid $ 105,818 $ 105,818Federal Aid 165,717 165,717Interfunds 48,110 - Other 1,653 1,653 Gross Receivables 321,298 273,188Allowance forUncollectible - - Total Receivables, Net $ 321,298 $ 273,188 8.

• All CRSAccounts that are secured by collateral have been secured by a valid, perfected and enforceable Lien on the secured property described in the applicable security agreement.(e) No Selling Entity has any material billing error claims involving the CRS Accounts or the Gross Receivables.

• Under the 2021 Master Indenture, each Obligated Group Member pledges a security interest in its Gross Receivables and the proceeds thereof to secure its obligation to make required payments under the 2021 Master Indenture.Limitation on Liens.

More Definitions of Gross Receivables

Gross Receivables means amounts owing (net of credit balances) to the Sellers from Cardholders with respect to Accounts (including outstanding loans, cash advances, balance consolidation receivables and other extensions of credit, accrued finance charges and late charges, whether or not posted, and any other accrued fees, charges and interest assessed on such Accounts, whether or not posted).

Gross Receivables has the meaning set forth in the Purchase Agreement.

Gross Receivables means, as of the Cut-Off Time (or, solely with respect to the Estimated Closing Statement, as of the close of business on the fifth Business Day preceding the Closing Date): (a) all amounts owing by Cardholders with respect to Accounts, including outstanding loans, cash advances and other extensions of credit, finance charges including Accrued Interest, late payment fees, and any other fees, charges and interest on the Accounts, in each case, whether or not posted and whether or not billed; less (b) any credit balances owed to Cardholders, any credits associated with returns, and any similar credits or adjustments, in each case whether or not posted and whether or not billed.

Gross Receivables means all amounts owing from Borrowers with respect to Borrower Accounts (including outstanding loans, cash advances, accrued interest, and other extensions of credit, finance charges and any other finance and non-finance fees, charges and interest assessed on the Borrower Accounts).

Gross Receivables means all amounts owing (after deduction of credit balances scheduled as of the Cut-Off Time and unapplied cash) to the Sellers from Customers with respect to Eligible Accounts (including outstanding loans, cash advances and other extensions of credit; billed or posted but unbilled finance charges and late charges; Accrued Interest; and any other fees, charges and interest assessed on the Eligible Accounts) as of the Cut-Off Time (or, solely with respect to the Estimated Closing Statement, as of the close of business on the fifth Business Day preceding the Closing Date).

Gross Receivables means all amounts owing (after deduction of credit balances scheduled as of the Cut-Off Time and unapplied cash) to the Sellers with respect to Accounts (including outstanding loans, cash advances and other extensions of credit; billed or posted but unbilled finance charges and late charges; Accrued Interest; and any other fees, charges and interest assessed on the Accounts) as of the Cut-Off Time (or, solely with respect to the Estimated Closing Statement, as of the close of business on the fifth Business Day preceding the Closing Date).

Gross Receivables has the meaning set forth in the Purchase Agreement. “Guaranty” has the meaning set forth in the preamble.