Gross Contract Payments definition

Gross Contract Payments means, as of the date of determination, (i) with respect to an interest bearing Contract the outstanding balance thereof including all accrued but unpaid interest, fees, and other charges owing by the Contract Debtor and (ii) with respect to a precomputed Contract the outstanding balance thereof including all unearned interest, fees, and charges owing by the Contract Debtor.
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Gross Contract Payments means, as of the date of determination, the outstanding principal balance (as referenced on Colonial’s balance statement and general ledger), including all accrued but unpaid interest, fees, and other charges owing by the Contract Debtor, of all Vehicle Contracts.
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Gross Contract Payments means all presently due and future, unpaid, noncancelable installment payments scheduled to be made under a Contract owned by the Borrower, regardless of the method of interest calculation (i.e., interest bearing or pre-computed).
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Examples of Gross Contract Payments in a sentence

  • As used herein, the following terms have the meanings set forth below: ABS Contract Balance: as of any date of determination, the Gross Contract Payments (less all unearned interest, fees and charges) as determined with respect to each Securitization Subsidiary.

  • Cash Recovery Percent: the percent, calculated as of the end of the last day of each month, equal to the amount determined by dividing (a) the actual Gross Cash Collections received by Borrowers from payments made by Contract Debtors during the previous three (3) months by (b) the sum of the Gross Contract Payments outstanding as of the beginning of the first day of each of the previous three (3) months.

  • For any period of measurement, EBITDA for such period shall be reduced by (a) an amount by which the loss reserve maintained by Borrower is less than the amount required under Section 10.4, and (b) the aggregate Gross Contract Payments owed with respect to Contracts which are more than 180 days contractually past due and the applicable Contract has not been charged-off by Borrower.

  • Section 1.1 of the Loan Agreement is hereby amended by adding the following definitions thereto in alphabetical order as follows: ABS Contract Balance: as of any date of determination, the Gross Contract Payments (less all unearned interest, fees and charges) as determined with respect to each Securitization Subsidiary.

  • The Borrower agrees to pay to the Lender on the fifteenth day of each month, a monthly audit fee equal to the greater of (a) $625 or (b) one-twelfth of five-one hundredths of one percent (0.004166%) of the aggregate amount of the Gross Contract Payments under all of the Borrower's Contracts, calculated as of the last day of the month immediately preceding the date such fee is due.

  • Contract Formula Amount: (i) from the Closing Date through and including December 14, 2010, 97.5% of the Value of Gross Contract Payments, (ii) from December 15, 2010 through and including June 14, 2011, 96.25% of the Value of Gross Contract Payments, and (iii) thereafter, 95% of the Value of Gross Contract Payments.

Related to Gross Contract Payments

  • Eligible Costs means the actual costs reasonably incurred by the Recipient:

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.