Charged Off Accounts definition

Charged Off Accounts means, collectively, all Credit Card Accounts that (a) would constitute FDS Accounts, but for clause (iii) of the definition of FDS Accounts, (b) would constitute GE/Macy's Accounts but for clause (iii) of the definition of GE/Macy's Accounts, and (c) would constitute May Accounts but for clause (ii) of the definition of May Accounts.

Charged Off Accounts means the Accounts that are identified by name and account number on the Account Schedule as having been charged-off by Barclays Bank in accordance with its applicable policy as of the Cut-Off Time.

Charged Off Accounts means any Account which would have constituted a CRS Account had it been in effect as of the Effective Time and which has been charged off by a Selling Entity as of the Effective Time.

Examples of Charged Off Accounts in a sentence

• Neither the Master Servicer nor any Servicer shall be under any obligation to appear in, prosecute or defend any legal action which is not incidental to its duties to service the Receivables (and receivables in Charged-Off Accounts) in accordance with this Agreement or any Series Supplement which in its reasonable opinion may involve it in any expense or liability.

• The Trustee hereby acknowledges its acceptance on behalf of the Trust of all right, title and interest previously held by the Transferor in and to the Receivables (or receivables in Charged-Off Accounts) existing as of the Cut-Off Date and thereafter created and Interchange conveyed by the Transferor pursuant to Section 2.01 hereof, and declares that it shall maintain such right, title and interest, upon the trust herein set forth, for the benefit of all Certificateholders.

• Subject to Section 4.03(b), the Trustee on behalf of the Trust, with the consent of Discover Funding as the Holder of the Transferor Certificate, hereby agrees to allow (without further action by the Trustee) each Servicer to use Collections in respect of Receivables (or receivables in Charged-Off Accounts) collected by such Servicer until such Collections are to be disbursed by the Master Servicer in accordance with the terms of Article IV hereof or the terms of any applicable Series Supplement.

• Payment of costs and expenses incurred by Ankura after January 27, 2022 to prepare the Settlement Class Member List and determine the Overdraft Forgiveness Amount, including but not limited to costs of identifying Class Members and Fees assessed to Charged-Off Accounts, shall be paid exclusively from the Settlement Fund.

• Discover Bank shall cause the Servicer, as its agent, to service and administer the Accounts, the Receivables under which have been transferred to Discover Funding by such Discover Bank and the receivables in Charged-Off Accounts, which are serviced by such Servicer, in a particular state or similar jurisdiction in accordance with policies identical to those used in servicing and administering other of Discover Bank’s credit card accounts in such jurisdiction.

More Definitions of Charged Off Accounts

Charged Off Accounts means any and all Accounts with respect to which Receivables have been charged off by BofI in accordance with its policies and procedures regarding charge-offs, as such policies and procedures may be established or amended, and are in effect from time to time.

Charged Off Accounts means all Accounts that, as of the Cut-Off Time, have been charged off in accordance with the Sellers’ standard policies and procedures as in effect on January 1, 2005.

Charged Off Accounts means consumer accounts receivable that have been charged off by the original creditor.

Charged Off Accounts means, collectively, all Credit Card Accounts

Charged Off Accounts means, collectively, all Credit Card Accounts that, as of the Cut-Off Time, have been charged off or should have been charged off according to the applicable Pier 1 Bank policies and procedures, which may include disputed Accounts, Accounts involving fraud, lost or stolen credit devices or deceased credit card holders, and Accounts that have filed for protection under the bankruptcy laws of the United States.

Charged Off Accounts. = HDI Accounts issued under the Program that have been charged-off on the books and records of Capital One, net of recoveries, pursuant to Applicable Law and, in every event, after 180 days past due, under normal circumstances and immediately upon notice of unusual events, including due to non-payment, death or otherwise.

Charged Off Accounts in the Agreement is hereby deleted in its entirety and replaced with the following: "Charged-off Accounts = Credit accounts issued under the Existing Agreement that have been charged-off on the books and records of the applicable issuer, net of recoveries, pursuant to Applicable Law and, in every event, (i) all accounts 180 days past due, (ii) all fraudulent accounts, (iii) all accounts with lost or stolen cards, (iv) all bankrupt accounts, (v) all accounts with deceased account holders, and (vi) any other instance mutually agreed upon by the parties."