Calculation of Net Receivables Pool Balance Clause Samples

The "Calculation of Net Receivables Pool Balance" clause defines the method for determining the total value of receivables that are eligible and available within a specified pool, after accounting for deductions such as ineligible receivables, reserves, or adjustments. In practice, this clause outlines the specific criteria and formula used to calculate the net balance, ensuring that only qualifying receivables are included and that any risks or uncertainties are properly factored out. Its core function is to provide a clear and consistent basis for assessing the value of the receivables pool, which is essential for accurate reporting, risk management, and determining borrowing availability in financing arrangements.
Calculation of Net Receivables Pool Balance. Ending Accounts Receivable Less Ineligibles (Prior Month-End Proxy) Proxied Daily Ineligible Receivables Eligible Receivables Less: Excess Concentrations (Prior Month-End Proxy) Proxied Daily Excess Concentrations Daily Net Receivables Pool Balance
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Calculation of Net Receivables Pool Balance. Ending Accounts Receivable Less Ineligibles: Defaulted Receivables (Gross) AP Offsets Revenue Recognition Adjustment > 30 Days In-Transit Excess Obligor Concentrations Excess Canadian Receivables < 60 DPD Excess Revenue Recognition Adjustment < 30 Days In-Transit Less SRDA: Volume Rebate Accrual Commissions Accrual Balance
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Calculation of Net Receivables Pool Balance. Total Receivables $ — Add-back for customers with a Net Credit Balance Less: Ineligibles (proxied) $ — Less: Excess Concentrations (proxied) $ 0
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Calculation of Net Receivables Pool Balance. Each Receivable included as an Eligible Receivable in the calculation of the Net Receivables Pool Balance as of any date was an Eligible Receivable, and the Net Receivables Pool Balance as of such date was properly calculated in accordance with the definition thereof (including with respect to applicable adjustments relating to the calculation of Outstanding Balances or Excess Concentration Amounts).
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Related to Calculation of Net Receivables Pool Balance

  • Net Receivables Balance Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.

  • Eligible Receivables Each Receivable included as an Eligible Receivable in the calculation of the Net Receivables Pool Balance as of any date is an Eligible Receivable as of such date.

  • Designation of Additional Amounts to Be Included in the Excess Spread Amount for the DiscoverSeries Notes At any time that any outstanding Series of certificates issued by the Master Trust provides that the Series Principal Collections allocated to such Series will be deposited into the Group Finance Charge Collections Reallocation Account for the Master Trust to the extent necessary for application to cover shortfalls for other Series issued by the Master Trust, an amount equal to (x) all Series Principal Collections allocated to such Series, multiplied by (y) a fraction, the numerator of which is the sum of the Nominal Liquidation Amounts for each outstanding Tranche of the DiscoverSeries Notes (including these notes) and the denominator of which is (i) the Aggregate Investor Interest for the Master Trust minus (ii) the sum of the Series Investor Interests for all such Series that provide that the Series Principal Collections allocated to such Series will be so deposited, is hereby designated to be included in the Excess Spread Amount and shall be treated as Series Finance Charge Amounts for the DiscoverSeries.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Characterization of Receivables Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” an “account,” an “instrument,” or a “general intangible,” each as defined in the UCC.