Examples of Default Amount in a sentence
If, on any Distribution Date, the sum of the Investor Default Amount and any Uncovered Dilution Amount for such Distribution Date exceeds the amount of Available Finance Charge Collections allocated with respect thereto pursuant to Section 4.04(a)(v) with respect to such Distribution Date, the Collateral Amount will be reduced (but not below zero) by the amount of such excess (such reduction, an “Investor Charge-Off”).
Contemporaneously with the execution of this 2023 Settlement Agreement, each of Diack, Pipe Doctor, Pipe Doctor IP, and Pipe Doctor LLC agrees to execute and deliver to Xxxxxx a verified Affidavit of Confession of Judgment in the Default Amount (the “Confession of Judgment”), which Confession of Judgment shall be in the form attached as Exhibit C to this 2023 Settlement Agreement.
On each Determination Date, Servicer shall calculate the Investor Default Amount and any Uncovered Dilution Amount for the related Distribution Date.