Defaulted Accounts definition

Defaulted Accounts means certain accounts in the Master Trust II Portfolio, the receivables of which have been written off as uncollectible by the servicer.
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Defaulted Accounts means Accounts that are charged off under Nordstrom's usual and customary practices with respect to charging-off accounts.
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Defaulted Accounts means certain accounts in the Master Trust II Portfolio, the receivables of which have been charged off
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Examples of Defaulted Accounts in a sentence

  • For the purpose of allocating Collections of Finance Charge Receivables and Receivables in Defaulted Accounts for each Monthly Period during the Controlled Accumulation Period, the Investor Interest will be further reduced (such reduced amount, the "Adjusted Investor Interest") by the aggregate principal amount of funds on deposit in the Principal Funding Account.

  • For the purpose of allocating Collections of Finance Charge Receivables and Receivables in Defaulted Accounts for each Monthly Period during the Controlled Accumulation Period, the Class A Investor Interest will be further reduced (such reduced amount, the "Class A Adjusted Investor Interest") by the aggregate principal amount of funds on deposit in the Principal Funding Account.

  • The Company shall deliver to the Investor a copy of all third party approvals, consents, waivers, undertakings and agreements required in connection with the transactions contemplated in this Agreement as described in Section 3.5 of the Schedule of Exceptions.

  • On or prior to the third Business Day following the end of each Monthly Period, the Account Owner shall notify the Servicer of the amount of Recoveries in respect of Defaulted Accounts to be included as Collections with respect to the preceding Monthly Period.

  • The Discount Percentage shall not apply to Finance Charges, or any other fees and charges (other than Insurance Proceeds) or to Receivables in or recoveries of Defaulted Accounts.

  • Reasonable assurances may be provided through use of regulatory, non-regulatory, or incentive based implementation mechanisms as appropriate but must include an actual demonstration that the measures identified will actually obtain the predicted reductions and that the State is able to assure this result.

  • We have been notified that certain Designated Accounts have become Defaulted Accounts during the Monthly Period which commenced on [date].

  • Agency personnel must check the following website to verify compliance: Workforce West Virginia’s Unemployment Compensation/Workers’ Compensation Defaulted Accounts (UC/WC) (http://intranet.state.wv.us/BEP/ucwcdef/default.htm) to ensure the vendor is listed and in compliance for unemployment compensation or proof that such coverage is not required.

  • Gross Charge-Off Rate excluding Fraud (Default Amount for Defaulted Accounts - Fraud Amount / BOP Principal Receivables) i.

  • On or prior to the third Business Day following the end of each Monthly Period, Chase USA shall notify the Servicer of the amount of Recoveries in respect of Asset Pool One Defaulted Accounts to be included as Collections for Asset Pool One with respect to the preceding Monthly Period.

Related to Defaulted Accounts

  • Defaulted Account means an Account in which there are Defaulted Receivables.

  • Defaulted Receivable means a Receivable:

  • Defaulter means any person who owes arrears to the Municipality.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Collection Day means any day which is scheduled by the Municipality for municipal collection of collectible waste.

  • Defaulted Obligation means any Investment in Indebtedness (i) as to which, (x) a default as to the payment of principal and/or interest has occurred and is continuing for a period of thirty two (32) consecutive days with respect to such Indebtedness (without regard to any grace period applicable thereto, or waiver thereof) or (y) a default not set forth in clause (x) has occurred and the holders of such Indebtedness have accelerated all or a portion of the principal amount thereof as a result of such default; (ii) as to which a default as to the payment of principal and/or interest has occurred and is continuing on another material debt obligation of the Portfolio Company under such Indebtedness which is senior or pari passu in right of payment to such Indebtedness; (iii) as to which the Portfolio Company under such Indebtedness or others have instituted proceedings to have such Portfolio Company adjudicated bankrupt or insolvent or placed into receivership and such proceedings have not been stayed or dismissed or such Portfolio Company has filed for protection under Chapter 11 of the United States Bankruptcy Code (unless, in the case of clause (ii) or (iii), such debt is a DIP Loan, in which case it shall not be deemed to be a Defaulted Obligation under such clause); (iv) as to which a default rate of interest has been and continues to be charged for more than 120 consecutive days, or foreclosure on collateral for such debt has been commenced and is being pursued by or on behalf of the holders thereof; or (v) as to which the Borrower has delivered written notice to the Portfolio Company declaring such Indebtedness in default or as to which the Borrower otherwise exercises significant remedies following a default.

  • Consolidated Account means an account which is a consolidation of any separate accounts of a person who is liable for payment to the Municipality.

Most Referenced Clauses

Most Referenced Definitions