Estimated Remaining Collections definition
Estimated Remaining Collections means, as of any date, the aggregate amount of gross remaining cash collections which any Loan Party anticipates to receive from a Receivables Portfolio of a Loan Party or as otherwise referred to by the Borrower as the total amount of “Estimated Remaining Gross Collections”, determined and reported by the Borrower pursuant to its financial statements and other reporting to the Lenders as described in Section 5.1 (it being understood and agreed that (i) such amount shall be calculated by the Borrower in accordance with Agreement Accounting Principles and in a manner consistent with the Borrower’s past practice and with the methodology used in the reporting of Estimated Remaining Collections in the Borrower’s public filings with the Securities and Exchange Commission, (ii) the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained to each Lender in reasonably full detail upon such Lender’s request and (iii) any deviation from the current method and assumptions used in computing Estimated Remaining Collections are subject to approval by the Supermajority Lenders in their discretion).
Estimated Remaining Collections means, as of any date, the aggregate amount of gross remaining cash collections which any Credit Party anticipates to receive from a Receivables Portfolio or as otherwise referred to by the Company as the total amount of “Estimated Remaining Gross Collections”, determined and reported by the Company pursuant to its financial statements and other reporting to the holders of Notes as described in Section 7.1 (it being understood and agreed that (i) such amount shall be calculated by the Company in accordance with Agreement Accounting Principles and in a manner consistent with the Company’s past practice and with the methodology used in the reporting of Estimated Remaining Collections in the Company’s public filings with the SEC, (ii) the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained to each holder of Notes in reasonably full detail upon such holder’s request, and (iii) any deviation from the current method and assumptions used in computing Estimated Remaining Collections is subject to approval by the Required Holders in their discretion).
Estimated Remaining Collections means the aggregate gross remaining cash collections which PRA or Portfolio Recovery Associates anticipate to receive from an Asset Pool as reflected in its Level Yield accounting process. Such remaining amounts shall be calculated by PRA or Portfolio Recovery Associates (as the case may be) in accordance with GAAP and in a manner consistent with past practice and with the methodology employed in the reporting of Estimated Remaining Collections in PRA’s public filings; provided, however, the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained by PRA to the Administrative Agent in reasonable detail promptly upon the Administrative Agent’s reasonable request (in addition, at the request of the Administrative Agent, at the time of such explanation to the Administrative Agent or on one additional occasion, PRA will explain the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith to the Lenders present for such explanation). Any material deviation from the current method and assumptions used in computing Estimated Remaining Collections must be acceptable to the Super-Majority Lenders in their sole and absolute discretion. For the avoidance of doubt, it is understood and agreed that “Estimated Remaining Collections” shall not include any Canadian Estimated Remaining Collections.
Examples of Estimated Remaining Collections in a sentence
Each such re-calculated Estimated Remaining Collections will be subject to Agent’s reasonable approval.
ERC or Estimated Remaining Collections — as to each Asset, the estimated remaining collections reasonably projected by Borrower; which projections must be reasonably satisfactory to Agent.
The Administrative Agent and/or Lenders agree that any amendment entered into solely to alter the rate of Estimated Remaining Collections shall not require an amendment fee to be payable by any Loan Party.
In connection with the submission by Borrower of each Compliance Certificate, Borrower shall submit to Agent an updated calculation of the Estimated Remaining Collections of all Assets then remaining subject to the Security Documents.
More Definitions of Estimated Remaining Collections
Estimated Remaining Collections means, as of any date of determination, for any Pool then subject to this Agreement, or the aggregate amount of all Pools then subject to this Agreement, as applicable, the Servicer's most recent estimate prior to such date of the remaining amount to be collected over the remaining estimated life of the applicable Pool or Pools, in accordance with its standard valuation process for groups of Consumer Accounts. Unless otherwise agreed to by the Controlling Party and the Servicer, the most recent estimate of the Estimated Remaining Collections of any Pool at any time of determination in accordance with Servicer's standard valuation process shall be the remainder of the Estimated Remaining Collections for such Pool in effect on the date on which such Pool is acquired by the Issuer minus the aggregate amount of collections on Receivables of such Pool received in the Collection Account on or prior to such date of determination.
Estimated Remaining Collections means the aggregate gross remaining cash collections which Borrower or Portfolio Recovery Associates, L.L.C. anticipate to receive from an Asset Pool or as referred to by Borrower or Portfolio Recovery Associates, L.L.C. as the “Level Yield,” determined and reported by Borrower or Portfolio Recovery Associates, L.L.C. pursuant to their financial statements and other reporting to the Banks. Such remaining book balance shall be calculated by Borrower or Portfolio Recovery Associates, L.L.C. (as the case may be) in accordance with GAAP and in a manner consistent with past practice and with the methodology employed in the reporting of Estimated Remaining Collections in Borrower’s public filings. Provided, however, the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained to each Bank in full detail upon any Bank’s request. Any deviation from the current method and assumptions used in computing Estimated Remaining Collections must be acceptable to each Bank in its sole and absolute discretion.
Estimated Remaining Collections means, as of any date, the aggregate amount of gross remaining cash collections which any Credit Party anticipates to receive from a Receivables Portfolio or as otherwise referred to by the Borrower as the total amount of “Estimated Remaining Gross Collections”, determined and reported by the Borrower pursuant to its financial statements and other reporting to the Lenders as described in Section 6.1 (it being understood and agreed that
Estimated Remaining Collections means the aggregate gross remaining cash collections which Borrower or Portfolio Recovery Associates, LLC anticipate to receive from an Asset Pool or as referred to by Borrower or Portfolio Recovery Associates, LLC as the “Level Yield,” determined and reported by Borrower or Portfolio Recovery Associates, LLC pursuant to their financial statements and other reporting to the Bank. Such remaining book balance shall be calculated by Borrower or Portfolio Recovery Associates, LLC (as the case may be) pursuant to a method utilized by Borrower or Portfolio Recovery Associates, LLC (as the case may be) in its past business practices, in accordance with GAAP and in compliance with procedures approved by PriceWaterhouse Coopers, or such other independent certified public accountants chosen by Borrower, who are acceptable to the Bank. Provided, however, the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained to Bank in full detail upon Bank’s request. Any deviation from the current method and assumptions used in computing Estimated Remaining Collections must be acceptable to Bank in its sole and absolute discretion.
Estimated Remaining Collections means the aggregate gross remaining cash collections which the relevant Contributing Guarantor anticipates to receive from an Asset Pool as reflected in its Portfolio ERC Model accounting process. Such remaining amounts shall be calculated by the UK Guarantors in accordance with GAAP and in a manner consistent with past practice and with the methodology employed in the reporting of Estimated Remaining Collections in PRA Group, Inc.’s public filings; provided, however, the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained by the Borrower or the UK Guarantors to the Administrative Agent in reasonable detail promptly upon the Administrative Agent’s reasonable request (in addition, at the request of the Administrative Agent, at the time of such explanation to the Administrative Agent or on one additional occasion, the Borrower or the UK Guarantors will explain the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith to the Lenders present for such explanation). Any material deviation from the current method and assumptions used in computing Estimated Remaining Collections must be acceptable to the Super-Majority Lenders in their sole and absolute discretion.
Estimated Remaining Collections means the aggregate gross remaining cash collections which Borrower or Guarantor anticipates to receive from an Asset Pool or as referred to by Borrower or Guarantor as the "Level Yield", determined and reported by Borrower or Guarantor pursuant to its financial statements and other reporting provided to Lender. Such remaining book balance shall be calculated by Borrower or Guarantor (as the case may be) pursuant to a method utilized by Borrower or Guarantor (as the case may be) in its past business practices, in accordance with GAAP and in compliance with procedures approved by Borrower's or Guarantor's (as the case may be) independent certified public accountants, who are acceptable to Lender.
Estimated Remaining Collections means, as of any date, the aggregate amount of gross remaining cash collections which any Loan Party anticipates to receive from a Receivables Portfolio or as otherwise referred to by the Borrower as the total amount of “Estimated Remaining Gross Collections”, determined and reported by the Borrower pursuant to its financial statements and other reporting to the Lenders as described in Section 5.01 (it being understood and agreed that (i) such amount shall be calculated by the Borrower and in a manner consistent with the Borrower’s current practice as of the Effective Date hereof and with the methodology used in the reporting of estimated remaining collections in the Borrower’s public filings with the SEC, including any discounts applied thereto, (ii) the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained to each Lender in reasonably full detail upon such Lender’s request, and (iii) any deviation from the current methodology and criteria used in computing Estimated Remaining Collections are subject to approval by (x) the Administrative Agent in its reasonable discretion for such deviations which do not alter the Borrowing Base by more than $5,000,000 in the aggregate, and (y) in all other cases, the Supermajority Lenders in their reasonable discretion.