Net Charge-Offs definition

Net Charge-Offs means, with respect to any period, an amount equal to the aggregate amount of Charge-Offs for such period less the amount of Recoveries for such period.

Net Charge-Offs for any period means the aggregate amount of all unpaid payments due under Contracts which have been charged off by the Borrower during such period, as reduced by the amount of all cash recoveries (during such period) with respect to Contracts which had been charged off during previous periods or during such period. In computing the amount of the charge-offs, all charges made to the dealer reserve or to the dealer’s discount shall be included.

Net Charge-Offs means the aggregate amount of all unpaid payments due under Contracts (other than, for the avoidance of doubt, Permitted Facility Contracts) which have been charged off by the Borrowers during such period, as reduced by the amount of all cash recoveries with respect to Contracts (other than, for the avoidance of doubt, Permitted Facility Contracts) which had been charged off during previous periods or during such period.

Examples of Net Charge-Offs in a sentence

• The sum of the Colonial Net Charge-Offs balances for the last twelve months divided by average of Colonial Net Balances in the last 12 months.

• Colonial TTM Net Charge-Offs Percent minus the product of Colonial’s then existing Colonial Loss Reserve Percent multiplied by 120%.

• To control for a bank’s asset quality, the ratio of Net Charge-Offs to Total Loans (Net Charge-Offs) is included.

• Net Charge-Offs Total net charge-offs for the 2008 fourth quarter were $560.6 million, or an annualized 5.41% of average total loans and leases.

• PORTFOLIO PERFORMANCE RATES (a) Net Charge-Offs (% of Principal Receivables Outstanding (at beginning of month)) 3.31% (b) Monthly Payment Rate (% of Total Receivables Outstanding (at beginning of month)) 31.55% (c) Gross Yield to Investors (annualized) 20.87% (d) Portfolio Yield (3 month average (annualized)) 17.07% (e) Base Rate (3 month average) 7.76% (f) Excess Finance Charge Collections % (d-e) 9.31% 8 MONTHLY CERTIFICATEHOLDER'S STATEMENT THE NEIMAN MARCUS GROUP, INC.

More Definitions of Net Charge-Offs

Net Charge-Offs means the aggregate amount of all unpaid payments due under Contracts (other than Permitted Facility Contracts) which have been charged off by the Borrowers during such period, as reduced by the amount of all cash recoveries with respect to Contracts (other than Permitted Facility Contracts) which had been charged off during previous periods or during such period.

Net Charge-Offs means Principal Receivables which have been charged off (net of bad debt recoveries).

Net Charge-Offs means, for Matrix Bank and at any time, the sum of its "Gross Charge Offs" minus its "Recoveries," as those items are reflected in its quarterly call reports.

Net Charge-Offs means the difference between the sum of the principal and FEES of any TRANSACTIONS which have been charged off less any recoveries, payments or collections on such TRANSACTIONS.

Net Charge-Offs means the total of credit-related losses in excess of recoveries for the unguaranteed portions of SBA 7(a) program loans in the Company’s portfolio for a given period.

Net Charge-Offs has the meaning specified in the economics schedule attached as Schedule 1.1

Net Charge-Offs means for any calendar quarter the actual charge offs of principal (which shall consist of the Total of Payments less the Finance Charge, as those terms are used in the Notes) of the TRANSACTIONS plus all FEES paid to COMPANY on the TRANSACTIONS in question less any prior charge offs collected during the calendar quarter; except in the case of NSF charge offs, in which case NET CHARGE OFFS shall consist of the Total of Payments, as that term is used in the Notes, less any prior charge offs collected during the calendar quarter. ---------- * Confidential treatment has been requested for certain portions of this document pursuant to an application for confidential treatment sent to the Securities and Exchange Commission. Such portions are omitted from this filing and filed separately with the Securities and Exchange Commission.