Defaulted Contracts definition

Defaulted Contracts means any Automobile Contracts with respect to which (i) any Automobile Contract Debtor has failed to make more than 90% of a Scheduled Payment of more than ten dollars for 180 days or more, (ii) the Servicer has repossessed the Financed Vehicle (and any applicable redemption period has expired), or (iii) the Servicer has determined in good faith that payments under the Automobile Contracts are not likely to be resumed.
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Defaulted Contracts means the following: (1) with respect ------------------- to Originated Contracts, (A) Manufactured Home Loan Contracts and Second Mortgage Loan Contracts that are over sixty (60) days past due in payment of a Monthly Payment, and (B) First Mortgage Loan Contracts that are over ninety (90) days past due in payment of a Monthly Payment; and (2) with respect to Non-Originated Contracts, Contracts that are deemed past due in accordance with the guidelines established by Buyer and Seller with respect to such Contract, as such guidelines may be modified or amended in writing by Buyer and Seller.
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Defaulted Contracts means any Automobile Contracts with respect to which (i) any Automobile Contract Debtor has failed to make more than 90% of a Scheduled Payment of more than ten dollars for 180 days or more, (ii) the Servicer has repossessed the Financed Vehicle (and any applicable redemption
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Examples of Defaulted Contracts in a sentence

  • The Servicer shall continue its customary practice of applying payments on Defaulted Contracts and Delinquent Contracts first to delinquent interest, then to interest and then to principal.

  • Realization upon Defaulted Contracts and Liquidated Contracts.............

  • All amounts, if any, received in respect of the Collateral by the Servicer or Credit Acceptance with respect to Defaulted Contracts.

  • Realization upon Defaulted Contracts and Liquidated Contracts..............

  • The Servicer may also sell or otherwise assign Defaulted Contracts for collection in an effort to realize upon such Defaulted Contracts.

  • On any date of determination, the sum of the Discounted Contract Balance of each Eligible Contract (excluding all Defaulted Contracts, Casualty Loss Contracts, Early Termination Contracts and Contracts subject to a Warranty Event) included in the Asset Pool as of the date of such determination.

  • Realization upon Defaulted Contracts and Liquidated Contracts............

  • The Servicer may also at any time perform through agents or subcontractors the specified duties of (i) repossession and subsequent sale of Financed Vehicles and (ii) pursuing collection of deficiency balances on certain Defaulted Contracts, in each case without the prior written consent of the Insurer; provided that any such agent or subcontractor shall be required at all times to act in accordance with the Collection Policy.

  • Realization upon Defaulted Contracts....................................

  • Such certificate shall also identify which, if any, Pledged Contracts have become Defective Contracts or Defaulted Contracts, and which are to be released on such Settlement Date pursuant to Section 7.11.


More Definitions of Defaulted Contracts

Defaulted Contracts means contracts between Holdings or its Subsidiaries and property owners to provide cable or telephone services which have been cancelled or terminated by such property owner or under which such property owner has defaulted in making the payments under such contract.
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Defaulted Contracts shall have the meaning specified in the Definitions List.
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