Collected Interest on a Receivable, as of the last day of a Collection Period, means the portion of all payments received by the Servicer allocable to interest relating to such Collection Period.
Collected Interest means for any Collection Period the sum of (i) the portion of all payments made by or on behalf of the Obligors of Simple Interest Receivables in respect of which any payment is actually received during such Collection Period and (ii) all Liquidation Proceeds and Purchase Amounts with respect to such Simple Interest Receivables, in each case that are allocable to interest in accordance with the Servicer's customary servicing procedures.
Collected Interest. With respect to any Distribution Date, the sum of the following amounts with respect to the related Monthly Period, in each case computed in accordance with the actuarial method: (i) that portion of all collections on Receivables (other than Liquidating Receivables) allocable to interest or Prepayment Surplus, (ii) that portion of all Liquidation Proceeds allocable to interest in accordance with the Servicer's customary servicing procedures, (iii) that portion of all Monthly Advances allocable to interest and (iv) that portion of all Warranty Payments, Administrative Purchase Payments or the Optional Purchase Proceeds allocable to accrued interest or Prepayment Surplus; less an amount equal to the sum of (x) all amounts received on any Receivable (other than a Liquidating Receivable) to the extent of the aggregate Outstanding Monthly Advances of interest with respect to such Receivable and (y) Liquidation Proceeds with respect to a particular Receivable to the extent of the Outstanding Monthly Advances of interest thereon.
Examples of Collected Interest in a sentence
Any provision herein to the contrary notwithstanding, for so long as (i) NFC is the Servicer hereunder and (ii) no Servicer Default has occurred and is continuing, the deposits into the Collection Account pursuant to Section 2.1(a) may be made net of the Total Servicing Fee to be distributed to the Servicer pursuant to Sections 2.1(c)(iv) (so long as Collected Interest not yet distributed is sufficient therefor).
The Servicer shall be entitled to reimbursement for unreimbursed Advances, without interest, with respect to a Receivable from subsequent Collected Interest or Collected Principal, as the case may be, allocable with respect to such Receivable, Liquidation Proceeds of or the Repurchase Amount of such Receivable or as otherwise provided in Section 14.07, except as otherwise provided in Sections 13.02 and 13.07.
The Servicer shall be entitled to reimbursement for unreimbursed Advances, without interest, with respect to a Receivable from subsequent Collected Interest allocable with respect to such Receivable, Liquidation Proceeds of or the Repurchase Amount of such Receivable or as otherwise provided in Section 14.07, except as otherwise provided in Sections 13.02 and 13.07.
Collected Interest on Simple Interest Contracts (Level Pmt Only) 5,554,978.59 Total Level Payments Received 41,525,540.12 B.
Collected Interest on Simple Interest Contracts (Level Payment Only) 4,676,591.70 Subtotal 22,777,461.25 B.
More Definitions of Collected Interest
Collected Interest means all payments or part payments received from a Debtor on account of interest that has accrued on a Referred Debt;
Collected Interest means, with respect to each Collection Period, the portion of all Available Funds received by the Servicer on or in respect of the Receivables during such Collection Period allocable to interest.
Collected Interest means all Collections other than Collected Principal and Miscellaneous Payments.
Collected Interest means, with respect to any Settlement Date, the sum of the following amounts with respect to the related Monthly Period, in each case computed in accordance with the actuarial method: (i) that portion of all collections on Receivables (other than Liquidating Receivables) allocable to interest or Prepayment Surplus, (ii) that portion of all Liquidation Proceeds allocable to interest in accordance with the Servicer’s customary servicing procedures, (iii) that portion of all Monthly Advances allocable to interest, (iv) that portion of all Warranty Payments, Administrative Purchase Payments or the Optional Purchase Proceeds allocable to accrued interest or Prepayment Surplus, and (v) any Investment Earnings funds invested in Eligible Investments in the Collection Account and Reserve Account; minus an amount equal to the sum of (x) all amounts received on any Receivable (other than a Liquidating Receivable) to the extent of the aggregate Outstanding Monthly Advances of interest with respect to such Receivable and (y) Liquidation Proceeds with respect to a particular Receivable to the extent of the Outstanding Monthly Advances of interest thereon.
Collected Interest means, with respect to each Collection Period, the sum of (i) the earnings received by the Trustee during the related Collection Period from investment of the Pre-Funded Amount on deposit in the Pre-Funding Account (which earnings are withdrawn from the Pre-Funding Account and deposited into the Certificate Account pursuant to Section 14.07(a)(i)); (ii) the Negative Carry Amount, if any, for such Collection Period (which amount is withdrawn from the Reserve Fund and deposited into the Certificate Account pursuant to Section 14.07(a)(iii)); and (iii) the portion of all payments received by the Servicer on or in respect of the Receivables during such Collection Period allocable to interest.
Collected Interest means for any Collection Period the sum of (i) the portion of all payments made by or on behalf of the Obligors of Simple Interest Receivables in respect of which any payment is actually received during such Collection Period and (ii) all Liquidation Proceeds and Purchase Amounts with respect to such Simple Interest Receivables, in each case that are allocable to interest in accordance with the Servicer's customary servicing procedures. Annex A-8
Collected Interest means, with respect to any Settlement Date, the sum of the following amounts with respect to the related Monthly Period, in each case computed in accordance with the actuarial method: (i) that portion of all collections on Receivables (other than Liquidating Receivables) allocable to interest or Prepayment Surplus, (ii) that portion of all Liquidation Proceeds allocable to interest in accordance with the Servicer*s Customary Servicing Procedures, (iii) that portion of all Monthly Advances allocable to interest, (iv) that portion of all Warranty Payments, Administrative Purchase Payments or the Optional Purchase Proceeds allocable to accrued interest or Prepayment Surplus, (v) all amounts received on the related Cap Payment Date pursuant to any Satisfactory Cap (as such terms are defined in the Hedging Letter) purchased as provided in the Hedging Letter, and (vi) any Investment Earnings funds invested in Eligible Investments in the Collection Account and Reserve Account; minus an amount equal to the sum of (x) all amounts received on any Receivable (other than a Liquidating Receivable) to the extent of the aggregate Outstanding Monthly Advances of interest with respect to such Receivable and (y) Liquidation Proceeds with respect to a particular Receivable to the extent of the Outstanding Monthly Advances of interest thereon.