Average Principal Receivables definition

Average Principal Receivables means, for any period, an amount equal to (a) the sum of the aggregate amount of Principal Receivables at the end of each day during such period divided by (b) the number of days in such period.
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Average Principal Receivables means, for any period, the sum of the Principal Receivables for each day in such period divided by the number of days in such period.
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Average Principal Receivables means, for any period, an amount equal ----------------------------- to
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More Definitions of Average Principal Receivables

Average Principal Receivables means, for any period, an amount equal to (a) the sum of the aggregate Outstanding Face Amount of Principal Receivables which are Eligible Receivables at the end of each day during such period divided by (b) the number of days in such period;
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Average Principal Receivables has the meaning specified in the Indenture.
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Average Principal Receivables means with respect to any Monthly Period the arithmetic average of the total amount of Principal Receivables and the amount on deposit in the Excess Funding Account on each Business Day after giving effect to all transactions on such Business Day from but excluding the Default Recognition Date related to the preceding Monthly Period to and including the Default Recognition Date with respect to such Monthly Period.
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Average Principal Receivables means, for any period, an amount equal to (a) the sum of the aggregate amount of Principal Receivables at the end of each day during such period d ivided by (b) the number of days in such period.
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Related to Average Principal Receivables

  • Principal Receivables means all Receivables other than Finance Charge Receivables. In calculating the aggregate amount of Principal Receivables on any day, the amount of Principal Receivables shall be reduced by the aggregate amount of credit balances in the Accounts on such day.

  • Principal Receivable means each Receivable, other than a Finance Charge Receivable.

  • Average Principal Balance means for any Monthly Period in which a Reset Date occurs, the sum of (i) the Aggregate Principal Receivables determined as of the close of business on the last day of the prior Monthly Period, multiplied by a fraction the numerator of which is the number of days from and including the first day of such Monthly Period, to but excluding the related Reset Date, and the denominator of which is the number of days in such Monthly Period, and (ii) for each such Reset Date, the product of the Aggregate Principal Receivables determined as of the close of business on such Reset Date, multiplied by a fraction, the numerator of which is the number of days from and including such Reset Date, to the earlier of the last day of such Monthly Period (in which case such period shall include such date) or the next succeeding Reset Date (in which case such period shall exclude such date), and the denominator of which is the number of days in such Monthly Period.

  • Net Receivables Pool Balance means, at any time: (a) the Outstanding Balance of Eligible Receivables then in the Receivables Pool minus (b) the Excess Concentration.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of: