Forecasted Collections definition

Forecasted Collections means the expected amount of collections to be received with respect to the Aggregate Outstanding Eligible Loan Balance each month as determined by Credit Acceptance in accordance with its forecasting model, set forth on Schedule B hereto.

Forecasted Collections. The expected amount of Collections to be received with respect to the Aggregate Outstanding Eligible Loan Balance each month as determined by Credit Acceptance in accordance with its forecasting model, which shall be submitted to the Deal Agent with each Funding Notice related to a proposed Advance when new Pools are pledged to the Collateral Agent.

Forecasted Collections means a forecast that is made by Credit Acceptance in accordance with its forecasting models at the end of each calendar month of the expected amount of cash to be received with respect to all Loans (including additional Loans expected to be purchased by the Issuer in the succeeding calendar month). The Forecasted Collections as of the Closing Date are set forth on Schedule B hereto.

Examples of Forecasted Collections in a sentence

• On each Quarterly Determination Date, the Servicer will submit to the Deal Agent and the Lenders a report setting forth the Forecasted Collections as of the most recent month-end in respect of all Loans which are part of the Collateral.

• On each Quarterly Determination Date, the Servicer will submit to the Deal Agent a report setting forth the Forecasted Collections as of the most recent month-end in respect of all Loans which are part of the Collateral.

• Actual collections on the Contracts may differ materially from the assumptions used in constructing the Forecasted Collections Tables.

• Should regulators fail to demand the re-statement of CACC’s accounts in 2018, softening current trading will expose the accounting deceit, which depends on growing Loans Receivable to remain concealed.o Declining Unit Volumes (In 2017, volumes declined for the first time since 2009);o Weaker underwriting standards (change in product mix, higher notional, longer term, stretched LTVs, less creditworthy borrowers);o Declining Initial Forecasted Collections (currently at a historical low of 65.5% vs.

• The Forecasted Collections Tables below indicate the percentages of the initial principal balance of each class of Notes that would be outstanding after each of the Distribution Dates shown at various percentages of monthly collections of the Base Case Forecasted Collections Schedule, and the corresponding weighted average lives of the Notes.

• The Forecasted Collections as of the Closing Date are set forth on Schedule V hereto.

• The occurrence of any of the following events: (i) a Reserve Advance is made, except if on the date of such Reserve Advance, the Aggregate Loan Amount is zero; (ii) Collections are less than 85% of Forecasted Collections for any three (3) consecutive Collection Periods; (iii) on any Payment Date, the Weighted Average Spread Rate is less than 25.0%; or (iv) the Commitment Termination Date.

• On the last day of each fiscal quarter of the Borrower, Credit Acceptance will submit to the Deal Agent a report setting forth the Forecasted Collections as of the most recent month end in respect of all Loans which are part of the Collateral, if no Forecasted Collections was otherwise submitted to the Deal Agent during such fiscal quarter.

• Loan Balance shall be greater than or equal to Capitalequal or exceed the Minimum Forecasted Collections Amount.

• The occurrence of any of the following events: (i) the Payment Rate averaged for any three (3) consecutive Collection Periods is less than 6.0%; (ii) the Net Yield Percentage is less than 6.0%; (iii) the Weighted Average Performing Advance Rate exceeds 48.0%; (iv) a Reserve Advance is made, except if on the date of such Reserve Advance, the Capital is zero; or (v) Collections are less than 75.0% of Forecasted Collections for any two (2) consecutive Collection Periods.

More Definitions of Forecasted Collections

Forecasted Collections. The expected amount of Collections to be received with respect to the Aggregate Outstanding Eligible Loan Balance each month as determined by Credit Acceptance in accordance with its forecasting model submitted to Fifth Third prior to the Closing Date and attached hereto as Schedule VII. GAAP: Generally accepted accounting principles as in effect from time to time in the United States.

Forecasted Collections. A forecast that is made by Credit Acceptance in accordance with its forecasting models at the end of each calendar month of the expected amount of cash to be received with respect to all Loans (includingafter giving effect to any additional Loans expected to be purchased by or any additional Dealer Loan Contracts allocated to an open pool of Dealer Loan Contracts securing a Dealer Loan expected to be funded by the Borrower in the succeeding calendar month). The the Borrower on the Payment Date for which such forecast applies) that is made by Credit Acceptance in accordance with its forecasting models.

Forecasted Collections. The expected amount of Collections to be received with respect to the Aggregate Outstanding Eligible Loan Balance each monthall Loans (including any additional Loans expected to be purchased by the Borrower on the Payment Date for which such forecast applies) as determined by Credit Acceptance in accordance with its forecasting model submitted to Xxxxx Fargo prior to the. The Forecasted Collections for the Loans owned by the Borrower on the Third Amendment Effective Date andsegmented by calendar month is attached hereto as Schedule VII. GAAP: Generally accepted accounting principles as in effect from time to time in the United States.

Forecasted Collections means a forecast that is made by Credit Acceptance in accordance with its forecastingmodels at the end of each calendar month of the expected amount of cash to be received with respect to all Loans (including additional Loans expected to be purchased by the Issuer in the succeeding calendar month). The Forecasted Collections as of the Closing Date are set forth on Schedule B hereto.