Defaulted Accounts. Other than as permitted under the Receivables Purchase Agreement, the Servicer shall not sell, assign, convey or otherwise transfer Underlying Receivables related to any Defaulted Account or an interest therein to any of its Subsidiaries or Affiliates without the prior written consent of the Administrative Agent.
Defaulted Accounts. From and after the day on which an Account becomes a Defaulted Account and while it continues as a Defaulted Account and has not been removed pursuant to Section 2.7, all Receivables balances owing under each such Defaulted Account shall be included in the Defaulted Amount and excluded in the calculation of the Pool Balance. Each existing Ownership Interest shall, however, continue to constitute an undivided co-ownership interest in all amounts owing as Receivables under each such Account while it is a Defaulted Account and all payments received as Recoveries in respect of amounts owing under each such Account shall be applied, without distinction, as Collections hereunder.
Defaulted Accounts. On each Determination Date, the Servicer shall calculate the Investor Default Amount for the preceding Monthly Period and the Total Deficiency Amount for the related Distribution Date. If on such date the Total Deficiency Amount exceeds zero (such deficiency, the "Shortfall"), the Class C Investor Amount will be reduced on such date by the lesser of (i) the sum of (x) the Investor Default Amount and (y) the applicable Shortfall Share of the amount of any unpaid Deposit Obligation in respect of the preceding Monthly Period and (ii) such Shortfall (together with any amount allocated to the Class C Investor Amount in accordance with the last sentence of Section 4.11, a "Class C Investor Charge-Off"). In the event that such reduction would cause the Class C Investor Amount to be a negative number, the Class C Investor Amount shall be zero, and the Class B Investor Amount will be reduced on such date by an amount equal to the excess of such reduction over the Class C Investor Amount prior to the reduction (a "Class B Investor Charge-Off"). In the event that such reduction would cause the Class B Investor Amount to be a negative number, the Class B Investor Amount shall be zero and the Class A Investor Amount will be reduced by an amount equal to the excess of such reduction over the sum of the Class B Investor Amount and the Class C Investor Amount prior to such reduction (a "Class A Investor Charge-Off").
Defaulted Accounts. If you have unpaid fines and costs that have defaulted and want to enter into a payment agreement, you may fill out form DC-211 Petition for Payment Agreement for
Defaulted Accounts. 52 Section 4.5 Monthly Payments..................................................52 Section 4.6 Payment of Certificate Interest with respect to each Series.......55 Section 4.7 Payment of Certificate Principal with respect to each Series......55 Section 4.8
Defaulted Accounts. (a) On each Determination Date, the Servicer shall calculate with respect to each Series the Investor Default Amount for such Series, if any, for the Monthly Period next preceding such Determination Date.
Defaulted Accounts. The Obligor of each Proposed Eligible Account and each Purchased Account has not been the Obligor of any Defaulted Accounts in the past 12 months (other than, for the purpose of this clause, as a result of good faith disputes).
Defaulted Accounts. If you have unpaid fines and costs that have defaulted and want to enter into a payment agreement to remove the suspension of your driving privileges, you may fill out form DC-211 Petition for Payment
