Liquidated Contracts definition

Liquidated Contracts means any Automobile Contract (i) which has been liquidated by the Servicer through the sale of the Financed Vehicle or (ii) for which the related Financed Vehicle has been repossessed and 120 days have elapsed since the date of such repossession or (iii) as to which an Automobile Contract Debtor has failed to make more than 90% of a Scheduled Payment of more than ten dollars for 180 or more days as of the end of a Collection Period or (iv) with respect to which proceeds have been received which, in the Servicer's judgment, constitute the final amounts recoverable in respect of such Automobile Contract.
Liquidated Contracts means this Agreement, and any other “Forward Contracts” between the Other Party and/or any of its Affiliates and the Non-Performing Party that are actually liquidated as provided herein due to the occurrence of an Insolvency Event, or, with respect to this Agreement, any other Event of Default; the termLiquidating Party” means, the Other Party or its Affiliate, with respect to the relevant Liquidated Contract; and the term “Liquidation Date” means the date of termination of the Liquidated Contracts. For each Liquidated Contract, the Liquidating Party shall determine the aggregate gains or losses resulting from the liquidation of the Liquidated Contract (each, a “Liquidation Balance”), by calculating the difference, if any, between the price specified for the products thereunder and the market price for the relevant commodity as of the date of liquidation (as determined by the Liquidating Party in any commercially reasonable manner), multiplied by the remaining quantities of the product to be delivered thereunder. The Liquidation Balance for each Liquidated Contract shall be netted to a single sum (the “Liquidated Amount”), and the Liquidating Parties shall notify the Non-Performing Party of the Liquidated Amount in writing. The Non-Performing Party shall pay the entire Liquidated Amount to the relevant Liquidating Party within one (1) Business Day after the written notice is given, and the Liquidated Amount shall bear interest at the Interest Rate, from the date the Liquidated Amount is due until it is paid.
Liquidated Contracts means any Automobile Contract (i) which has been liquidated by the Servicer through the sale of the Financed Vehicle or (ii) for which the related Financed Vehicle has been repossessed and 90 days have elapsed since the date of such repossession or (iii) as to which an Automobile Contract Debtor has failed to make more than 90% of a Scheduled Payment of more than ten dollars for 120 days or more as of the end of a Collection Period or

Examples of Liquidated Contracts in a sentence

  • The Servicer shall, consistent with customary servicing procedures and the terms of this Agreement, act with respect to the Contracts in such manner as will maximize the receipt of principal and interest on such Contracts and Liquidation Proceeds with respect to Liquidated Contracts.

  • Sub-Pool HI: Class B-1 Formula Principal Distribution Amount: (a) Scheduled Principal .00 (b) Principal Prepayments .00 (c) Liquidated Contracts .00 (d) Repurchases .00 (e) Previously undistributed Principal Amounts .00 Total Principal .00 55.

  • Sub-Pool HI: Class B-2 Formula Principal Distribution Amount: (a) Scheduled Principal .00 (b) Principal Prepayments .00 (c) Liquidated Contracts .00 (d) Repurchases .00 (e) Previously undistributed Principal Amounts .00 Total Principal .00 71.

  • Sub-Pool HE: Class M-1 Formula Principal Distribution Amount: (a) Scheduled Principal .00 (b) Principal Prepayments .00 (c) Liquidated Contracts .00 (d) Repurchases .00 (e) Previously undistributed Principal Amounts .00 Total Principal .00 17.

  • Sub-Pool HE: Class B-2 Formula Principal Distribution Amount: (a) Scheduled Principal .00 (b) Principal Prepayments .00 (c) Liquidated Contracts .00 (d) Repurchases .00 (e) Previously undistributed Principal Amounts .00 Total Principal .00 71.

  • The Servicer shall, consistent with customary servicing procedures, act with respect to the Contracts in such manner as will maximize the receipt of principal and interest on such Contracts and Liquidation Proceeds with respect to Liquidated Contracts.

  • Sub-Pool HE: Class M-2 Formula Principal Distribution Amount: (a) Scheduled Principal .00 (b) Principal Prepayments .00 (c) Liquidated Contracts .00 (d) Repurchases .00 (e) Previously undistributed Principal Amounts .00 Total Principal .00 33.

  • Sub-Pool HI: Class M-2 Formula Principal Distribution Amount: (a) Scheduled Principal .00 (b) Principal Prepayments .00 (c) Liquidated Contracts .00 (d) Repurchases .00 (e) Previously undistributed Principal Amounts .00 Total Principal .00 33.

  • Class B-2 Formula Principal Distribution Amount: (a) Scheduled Principal .00 (b) Principal Prepayments .00 (c) Liquidated Contracts .00 (d) Repurchases .00 (e) Previously undistributed Principal Amounts .00 (f) Less Class HE: A-1ARM Formula Principal Distribution Amount .00 Total Principal .00 73.

  • Sub-Pool HE: Class B-2 Formula Principal Distribution Amount: (a) Scheduled Principal .00 (b) Principal Prepayments .00 (c) Liquidated Contracts .00 (d) Repurchases .00 (e) Previously undistributed Principal Amounts .00 Total Principal .00 72.


More Definitions of Liquidated Contracts

Liquidated Contracts means any Automobile Contract (i) which has been liquidated by the Servicer through the sale of the Financed Vehicle or (ii) for which the related Financed Vehicle has been repossessed and 90 days have elapsed since the date of such repossession or (iii) as to which an Automobile Contract Debtor has failed to make more than 90% of a Scheduled Payment of more than ten dollars for 120 days or more as of the end of a Collection Period or (iv) with respect to which proceeds have been received which, in the Servicer's judgment, constitute the final amounts recoverable in respect of such Automobile Contract.

Related to Liquidated Contracts

  • Liquidated Contract means any defaulted Contract as to which the Servicer has determined that all amounts which it expects to recover from or on account of such Contract have been recovered; provided that any defaulted Contract in respect of which the related Manufactured Home and, in the case of Land-and-Home Contracts, Mortgaged Property, have been realized upon and disposed of and the proceeds of such disposition have been received shall be deemed to be a Liquidated Contract.

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Terminated Contracts has the meaning set forth in Section 5.6(a).

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Related Contract means: (i) in relation to the SwapClear Service, a RelatedSwapClear Contract (as such term is defined in the Procedures); (ii) in relation to the RepoClear Service, a Related RepoClear Contract (as such term is defined in the Procedures); (iii) in relation to the ForexClear Service, a Related ForexClear Contract (as such term is defined in the Procedures); (iv) in relation to the EquityClear Service, a Related EquityClear Contract (as such term is defined in the Procedures); (v) in relation to the Listed Interest Rates Service, a Related Listed Interest Rates Contract (as such term is defined in the Procedures)"Relevant Auction Contract"has the meaning given to the term in the Client Clearing Annex"Relevant Business"has the meaning as described in Default Rule 15(c)"Relevant Client Clearing Business"means the Client Clearing Business conducted by a particular Clearing Member in a particular Service"Relevant Contract"has the meaning assigned to it in the Client Clearing Annex"Relevant Default"has the meaning ascribed to it in Rule S1 of Part A of the Rates Service Default Fund Supplement - SwapClear, Rule F2 of the ForexClear Default Fund Supplement or Rule R2 of the RepoClear Default Fund Supplement, as applicable"Relevant FX Amounts"means, in respect of a ForexClear Option Clearing Member and a day, all amounts that are due to be received by such ForexClear Option Clearing Member on such day under a ForexClear Option Contract, ForexClear Swap Contract, ForexClear Deliverable Forward Contract and/or ForexClear Spot Contract in any ForexClear Currency"Relevant FX Liability"has the meaning assigned to it in Regulation 101"re-opening contract"means a contract arising pursuant to Regulation 30(b) or 30(c)"RepoClear Additional Payments Cap"means, in respect of a RCM on any date, an amount equal to the Clearing Member Current Collateral Balance of that RCM in connection with its RepoClear Business as at the date of the Default causing losses leading to an Insufficient Resources Determination (or, where such an Insufficient Resources Determination is made following concurrent Defaults, the date of the earliest Default)"RepoClear Business"means any transaction, obligation or liability arising out of any Fixed Income Contract

  • Covered contract means a DoD prime contract for an amount exceeding the simplified acquisition threshold, except for a fixed-price contract without cost incentives. The term also includes a subcontract for an amount exceeding the simplified acquisition threshold, except for a fixed-price subcontract without cost incentives under such a prime contract.

  • Prepaid contract means any Contract that has terminated or been prepaid in full prior to its scheduled expiration date (including because of a Casualty Loss), other than a Defaulted Contract.

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Assigned Contract shall have the meaning set forth in Section 1.1(b).

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Liquidated Lease means a Defaulted Lease that is terminated and charged off by the Servicer prior to its Maturity Date.

  • Retained Contracts shall have the meaning set forth in Section 1.2(i).

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.

  • Seller Contracts means all contracts, agreements and leases, other than those that are Governmental Permits, to which Seller is a party and pertain to the ownership, operation or maintenance of the Assets or the Business, including those described on Schedule 1.8.

  • Shared Contracts has the meaning specified in Section 4.12(b).

  • Assumed Contract has the meaning set forth in Section 2.1(b)(iv).

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Customer Contracts has the meaning set forth in Section 2.1(b)(ii)(A).

  • Excluded Contracts has the meaning set forth in Section 2.02(a).

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Insured contract means any written: a. leases of premises; b. easement agreements, except those concerning construction or demolition operations abutting railroad property; c. obligation to insure a municipality as required by law or ordinance, except in connection with work for the municipality; d. sidetrack agreements; or e. elevator maintenance agreements.

  • Assigned Leases has the meaning specified in Section 2.01(b).