Final Determined Amount definition
Final Determined Amount means, as at the Cut-Off Date preceding the relevant Early Redemption Date:
Final Determined Amount means the current value of the Defaulted HP Contracts and the Delinquent HP Contracts at the end of the immediately preceding Collection Period as determined by the Seller in accordance with standard market practice.
Final Determined Amount means, in relation to any Delinquent Receivable or to any Defaulted Receivable, the Outstanding Balance of such Delinquent Receivable or Defaulted Receivable at the immediately preceding Determination Period minus an amount equal to any IFRS 9 Provisioned Amount for such Delinquent Receivable or Defaulted Receivable. For the avoidance of doubt, for the purposes of calculating the Final Determined Amount, the Outstanding Balance of each Defaulted Receivable shall be taken as at the last day of the immediately preceding Determination Period, after deducting from the Defaulted Amount any realised principal recoveries already received by the Fund or by the Servicer in respect to such Defaulted Receivable but deducting from such recoveries any amounts returned or to be returned to the Borrower arising from returns of receivables.