Bid Percentage definition

Bid Percentage means 40% for Charged-Off Receivables for which the related Obligor is subject to a bankruptcy proceeding and for which the underlying vehicle has not yet been repossessed, sold, or declared a total loss; 1% for Charged-Off Receivables for which the underlying vehicle has been repossessed, sold and for which Liquidation Proceeds have been received; 80% for all other Charged-Off Receivables.

Bid Percentage means Buyer’s offer, expressed as a percentage of Book Value, to purchase a Loan Pool or Loan Pool Combination.

Bid Percentage means, for each Mortgage Loan, the percentage (carried to five (5) decimal places) bid by Purchaser on the Bid Form.

Examples of Bid Percentage in a sentence

• Bid Percentage: 40% for Charged-Off Receivables for which the related Obligor is subject to a bankruptcy proceeding and for which the underlying vehicle has not yet been repossessed, sold, or declared a total loss; 1% for Charged-Off Receivables for which the underlying vehicle has been repossessed, sold and for which Liquidation Proceeds have been received; 80% for all other Charged-Off Receivables.

• With respect to a Charged-Off Receivable, the Unpaid Charge-Off Balance set forth in the related Charged-Off Receivable Schedule multiplied by the applicable Bid Percentage.

• Subject to Section 3.4 and notwithstanding Sections 3.6 and 3.7, if any principal payments are received by Seller from or on behalf of Borrower on account of the Loan after the Cut-Off Date and prior to Closing, the Purchase Price shall be adjusted to equal the then outstanding principal balance of the Loan (after application of said principal payments) multiplied by the Applicable Bid Percentage.

• If there are no Second Priority Bids the Second Priority Bid Percentage will be set at zero.

• If the Second Priority Bid Percentage is set at zero this phase does not occur.

More Definitions of Bid Percentage

Bid Percentage means a percentage of the Pool Balance, determined by Buyer in its sole discretion, on which the Purchase Price is based.

Bid Percentage means one hundred and 60/100ths percent (100.60%).

Bid Percentage means the fraction represented by the Purchase Price of the applicable Loan divided by the UPB of such Loan as of the Bid Date.

Bid Percentage. A percentage, determined by Buyer in its sole discretion, -------------- on which the Purchase Price is based.

Bid Percentage means 1.75% for Charge-Off Receivables sold within 120 days of charge-off; 1.50% for Charge-Off Receivables sold between 121 days 180 days of charge-off; 1.25% for Charge-Off Receivables sold more than 180 days after charge-off.

Bid Percentage means a percentage of the aggregate Mortgage Balances of all Mortgage Loans listed on the Mortgage Loan Schedule attached hereto as Exhibit A, such percentage determined by Buyer in its sole discretion, on which the Purchase Price is based.

Bid Percentage means the Bid Percentage as specified on Schedule 1 attached hereto.