Examples of Receivables Eligible Outstanding Amount in a sentence
Receivables Eligible Outstanding Amount means, on each date and in relation to all the Receivables which are not Defaulted Receivables, the aggregate of all the Principal Components of such Receivables as of the Cut-Off Date immediately preceding such date, plus any unpaid Accrual of Interest due by the relevant Debtor from (but excluding) the Cut-Off Date immediately preceding such date.
Delinquent Ratio means the average for 3 (three) consecutive Calculation Dates of the ratio between: (a) the Principal Amount Outstanding of the Receivables which are Delinquent Receivables having 2 or more Late Instalments, at the end of the Reference Period immediately preceding such Calculation Date; and (b) the arithmetic average of the Receivables Eligible Outstanding Amount as of the Calculation Date immediately preceding such Calculation Date and as of such Calculation Date.