Monthly Recoveries definition
Monthly Recoveries means, without duplication, with respect to any Receivable, any amounts (up to the aggregate principal balance of such Receivable that has been charged off in accordance with the Collection Policy) actually collected that, in accordance with the Collection Policy in effect at the time of such collection, constitute recoveries of amounts that were previously charged off with respect to such Receivable.
Monthly Recoveries means, without duplication, with respect to any Loan, any amounts (up to the aggregate principal balance of such Loan that has been charged-off in accordance with the Credit and Collection Policy) actually collected that, in accordance with the Credit and Collection Policy in effect at the time of such collection, constitute recoveries of amounts that were previously charged-off with respect to such Loan.