Net Receivables Pool Balance Sample Clauses

The Net Receivables Pool Balance clause defines the total value of receivables in a pool after accounting for deductions such as ineligible receivables, reserves, or adjustments. In practice, this clause specifies how the net balance is calculated, often by subtracting amounts that are unlikely to be collected or that do not meet certain criteria from the gross receivables total. This ensures that only the receivables that are actually available and collectible are considered for purposes such as borrowing base calculations or securitization, thereby providing a more accurate and reliable measure of the pool's value and reducing credit risk for lenders or investors.
Net Receivables Pool Balance. 16 Obligor.....................................................16
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Net Receivables Pool Balance. A. Prepare a detailed Net Receivables Pool analysis for April 30, 2016. Ineligible Receivables shall include the following, without duplication. • Delinquent Receivables – receivables aged greater than 60 days from the original due date, without regard to any credit memos/credit balances/credit invoices • Charged-off receivables • Receivables with terms of sale greater than 90 days • Inter-company/Affiliate receivables < 61 dpd • Cross-age Receivables (>35% of the Obligor’s AR balance is >60 DPD) • Customers with net credit balances (add-back) • Receivables < 61 days past due from bankrupt or insolvent obligors • Foreign Receivables (non-US/Canadian resident) • Federal Government Receivables • Charge-backs • Receivables denominated in currencies other than US dollars • Customer retainers or other advanced payments • Unapplied Cash • Unearned receivables • Receivables with extended, modified or restructured payment terms • Receivables offset by payables (contras) • Other ineligible receivables This detailed compilation should be compared to the Pro Forma Monthly Report. Excess Concentration Amounts should be calculated and compared to the Pro Forma Monthly Report. • Receivables with 60-90 day payment terms exceeding 35.0% of Eligible Receivables 6.1(a) 3
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Net Receivables Pool Balance. Net Receivables Pool Balance Calculation In calculating NRPB, there should be no duplication of amounts previously reduced from a different category. A. Total Pool Receivables (A)
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Net Receivables Pool Balance. The Purchased Interest shall be determined from time to time pursuant to Section 1.3 of the Agreement.
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Net Receivables Pool Balance. The Net Receivables Pool Balance shall be less than the Required Net Receivables Pool Balance (giving effect to any calculated reduction in Capital by an amount equal to the amount on deposit in the Cash Assets Account that is available for application therefor pursuant to Section 2.6 or 2.7, as applicable, as of the close of business on the relevant day of determination) for a period of 2 consecutive Business Days or more; or
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Net Receivables Pool Balance. The Net Receivables Pool Balance shall be less than the Required Net Receivables Pool Balance (giving effect to any calculated reduction in Capital by an amount equal to the amount on deposit in the Cash Assets Account that is available for application therefor pursuant to Section 2.6 or 2.7, as applicable, as of the close of business on the relevant day of determination) for a period of two consecutive Business Days or more; then, and in any such event, the Agent shall, at the request, or may with the consent, of the Required Purchasers, by notice to the Seller and the Servicer take any of the following actions: (i) replace the Person then acting as the Servicer, (ii) declare the Termination Date to have occurred, whereupon the Termination Date shall forthwith occur, without demand, protest or further notice of any kind, all of which are hereby expressly waived by each Transaction Party; provided, however, that upon the occurrence of a Termination Event described in subsection (f) of this Section 7.1 with respect to the Seller or the Servicer, or of an actual or deemed entry of an order for relief with respect to the Seller or the Servicer under the Bankruptcy Code, the Termination Date shall automatically occur, without demand, protest or notice of any kind, all of which are hereby expressly waived by the Seller and the Servicer and (iii) notify the Obligors of the Purchasers’ interest in the Receivables. The aforementioned rights and remedies shall be without limitation, and shall be in addition to all other rights and remedies of the Agent and the Purchasers otherwise available under any other provision of this Agreement, by operation of law, at equity or otherwise, all of which are hereby expressly preserved, including, without limitation, all rights and remedies provided under the UCC, all of which rights shall be cumulative.
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Net Receivables Pool Balance. The definition of "Net Receivables Pool Balance" is hereby deleted in its entirety and replaced therewith by:
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Related to 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.

  • Cut-Off Date Aggregate Principal Balance The Cut-Off Date Aggregate Principal Balance is $850,069,757.10

  • Reassignment of Ineligible Receivables (a) In the event any representation or warranty under Subsection 4.02(a)(ii), (iii), (iv), (vii), (viii), (ix) or (x) is not true and correct in any material respect as of the date specified therein with respect to any Receivable or the related Account and as a result of such breach RFC VIII is required under Subsection 2.6(a) of the Transfer Agreement to accept reassignment of such Receivables previously sold by TRS to RFC VIII pursuant to this Agreement, TRS shall accept reassignment of such Receivables on the terms and conditions set forth in Subsection 6.01(b). (b) TRS shall accept reassignment of any Receivables described in Subsection 6.01(a) from RFC VIII on the date on which such Receivables are reassigned to RFC VIII pursuant to Subsection 2.6(a) of the Transfer Agreement, and shall pay for such reassigned Receivables by paying to RFC VIII in immediately available funds an amount equal to the unpaid balance of such Receivables. Upon reassignment of such Receivables, RFC VIII shall automatically and without further action sell, transfer, assign, set-over and otherwise convey to TRS, without recourse, representation or warranty, all the right, title and interest of RFC VIII in and to such Receivables, all Recoveries allocable to such Receivables, all monies due or to become due and all amounts received or receivable with respect thereto, all Collections with respect thereto, and all proceeds (including “proceeds” as defined in the UCC) thereof. Such reassigned Receivables shall be treated by RFC VIII as collected in full as of the date on which they were reassigned. RFC VIII shall execute such documents and instruments of transfer or assignment and take such other actions as shall reasonably be requested by TRS to effect the conveyance of such Receivables and other property pursuant to this Subsection.

  • Receivables Purchase Price On the Closing Date, the Purchaser shall deliver to the Seller the Receivables Purchase Price, as provided in Section 2.1(b).