Substitute Receivables Pool

Substitute Receivables Pool. Means, on any Delivery Date, that portion of the Receivables comprising the Receivables Delivery having an Aggregate Outstanding Balance equal to the Aggregate Outstanding Balance of those Receivables that have become Ineligible Receivables since the most recent to occur of (i) the most recent preceding Delivery Date, (ii) the most recent preceding Take-Out Date and (iii) the most recent preceding Determination Date.