GAP Refund definition

GAP Refund or “GAP Refunds” hereinafter means refunding unearned fees or premiums paid by consumers for GAP protection on retail installment sales
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GAP Refund means a credit or refund of all or part of the purchase price for a GAP Agreement, which such amount is calculated on a pro rata basis based on the elapsed time from start date of the GAP Agreement to the date of the Early Payoff.
Sample 1
GAP Refund means a refund or credit for a portion of the purchase price you paid for GAP protection. “Dealer” means the auto dealership where You either purchased, traded in or returned the Vehicle identified above. “GAP Administrator” means the company or administrator identified in your GAP Agreement.
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Examples of GAP Refund in a sentence

  • In that event, there will be no distribution to the Class for interest payments under this Settlement; however, each Class Member will have already received their full GAP Refund without any deduction for any legal fees and expenses and administrative costs incurred as part of this Action.

  • As a result, Viking Line exercises a significant influence in the company, and the investment is accounted for as an associate company using the equity method.In valuing the Group’s leases, judgements are made as to how the Group will capitalize on any opportunity to extend the lease period or terminate the lease.

  • Customers are not required to take any action after an Early Payoff to receive the GAP Refund.

  • In addition to the GAP Refunds, AAFCU has also agreed to deposit $344,945.39 into a Settlement Fund to pay for the interest that accrued from the date of each Class member’s respective Early Payoff to the date the GAP Refund check was issued, calculated at 8% per annum and compounded annually pursuant to C.R.S. § 5-12-102(1)(b).

  • Settlement Agreement § IV.B. Such Non-Statutory Subclass Members will be eligible to receive up to the full amount of their Early Payoff GAP Refund, without any deduction for cancellation fees.

  • Although the Parties are unable to estimate the exact number of Class Members because they do not know how many Class Members have received a GAP Refund from a GAP Administrator or a dealer, the Parties know that there are at least 105,274 Statutory Subclass Members.

  • IPS-SE) is the implementation of evidence-based practices allowing individuals to obtain and maintain meaningful employment by providing training, ongoing individualized support, and skill development to promote recovery.

  • Statutory Subclass Members who have not yet received an Early Payoff GAP Refund will be paid the Early Payoff GAP Refund to which they are entitled under Plaintiffs’ theory of the case.

  • The Class Representatives all suffered the same injury as the rest of the Class Members: “they did not receive an Early Payoff GAP Refund from Wells Fargo after their Early Payoff as a result of Wells Fargo’s uniform practice of not paying such refunds.” Mot.

  • The dates listed in Exhibit E reflect when there were effective State Refund Laws, which are defined as state laws that “require indirect auto lenders to take certain actions to ensure that a customer receives a GAP Refund after an Early Payoff.” Id., Definitions ¶ 56.

Related to GAP Refund

  • Tax Refund means a refund of Taxes previously paid and any overpayment interest within the meaning of Section 6611 of the Code or any similar provision under applicable Tax Law (whether paid by way of a refund or credited against any liability for related Taxes).

  • Refund means repayment to the Plan for medical or dental benefits that it has paid toward care and treatment of the Injury or Sickness.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any interest or other amounts earned thereon.

  • Adjustment Escrow Amount means $1,000,000.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Indemnity Escrow Amount means $3,000,000.

  • Tax Refunds means refunds of any Cash paid by the Participating CCAA Parties on account of Taxes, refunded to such Participating CCAA Parties from time to time by the applicable Taxing Authorities;

  • Holdback Amount has the meaning set forth in Section 2.1(c).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Special deposit claim means a claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including a claim secured by general assets.

  • Transfer Deposit Amount has the meaning given to it in Section 2.02(b).

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Input Tax Credit means the credit of input tax;

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Unallocated Principal Collections shall have the meaning specified in subsection 4.05(d).

  • Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when:

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.