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

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

Examples of Bid Percentage in a sentence

• ST-SN Service Period: Maximum Daily Quantity: GJ Minimum Daily Quantity: GJ ST-SN Bid Percentage (maximum 2 decimal places): .

• STFT Service Period: Maximum Daily Quantity: GJ/day Minimum Daily Quantity: GJ/day STFT Bid Percentage: (maximum 2 decimal places): .

• 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.

• Bid Percentage: The percentage (carried to five (5) decimal places) that Purchaser has ascribed to a Mortgage Loan in connection with its Bid.

• If the Bid with respect to a Mortgage Loan is a Pool Bid, then the Assigned Bid Percentage for the Mortgage Loan is the percentage (carried to five (5) decimal places) allocated to the Mortgage Loan on the Bid Confirmation Form, as accepted and confirmed by HUD in the Bid Confirmation Letter.

More Definitions of Bid Percentage

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

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 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 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 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, with respect to any Fiscal Quarter and Qualifying Offered Contracts, a percentage equal to the weighted average of (i) the weighted average purchase price paid (after giving effect to any pricing adjustments), expressed as a percentage, for Qualifying Offered Contracts sold to SCUSA during such Fiscal Quarter and (ii) the product of (A) (x) the weighted average purchase price paid (after giving effect to any pricing adjustments other than pricing adjustments to correct for errors on the data tape provided by DriveTime), expressed as a percentage, for Qualifying Offered Contracts sold to SCUSA during such Fiscal Quarter divided by (y) the weighted average purchase price bid, expressed as a percentage, for the Qualifying Offered Contracts sold to SCUSA during such Fiscal Quarter, and (B) the weighted average purchase price bid, expressed as a percentage, for the Qualifying Offered Contracts not sold to SCUSA during such Fiscal Quarter.

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