Net Credit Losses definition

Net Credit Losses has, with respect to any Warehouse Facility, the meaning specified in the related Receivables Financing Agreement.
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Net Credit Losses means, for any period, the actual aggregate amount of principal of Indirect Loans charged off prior to the application of the Dealer Discount or reserves during such period LESS the aggregate amount of Recoveries on Indirect Loans during such period.
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Net Credit Losses means, for any Monthly Period, an amount equal to the excess, if any, of the estimated losses to be incurred in respect of all Receivables written off by the Servicer in accordance with the Credit and Collection Policy during such Monthly Period over an amount equal to all amounts recovered during such Monthly Period in respect of Receivables written off by the Servicer in accordance with the Credit and Collection Policy during prior Monthly Periods, which amounts exceed the amounts that the Servicer estimated would be recovered in respect of such Receivables. For the avoidance of doubt, “Net Credit Losses” includes the portion of any Receivable which has been written off as uncollectible by the Servicer net of any recoveries thereon.
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Examples of Net Credit Losses in a sentence

  • Estimated Lifetime Net Credit Losses (Excluding Exempt Population):Report the firm’s estimate of lifetime net credit losses by investors in the loans (inclusive of net credit losses realized‐to‐date) under the scenario in question, excluding from the estimate losses on the exempt population as defined above.

  • Estimated Lifetime Net Credit Losses (Excluding Exempt Population):Report the bank’s estimate of lifetime net credit losses by investors in the loans (inclusive of net credit losses realized-to-date) under the scenario in question, excluding from the estimate losses on the exempt population as defined above.

  • The row variables for Section 1 identified in Tables A through F should be completed using the following categories: Estimated Lifetime Net Credit Losses (Excluding Exempt Population):Report the firm’s estimate of lifetime net credit losses by investors in the loans (inclusive of net credit losses realized-to-date) under the scenario in question, excluding from the estimate losses on the exempt population as defined in Schedule G – Retail Repurchase Exposures.

  • Estimated Lifetime Net Credit Losses (Excluding Exempt Population):Report the firm’s estimate of lifetime net credit losses by investors in the loans (inclusive of net credit losses realized-to-date) under the scenario in question, excluding from the estimate losses on the exempt population as defined above.

  • If Outstanding Balance and Delinquency information is available but Realized Net Credit Losses is not known, the BHC should report in tables A.1 through G.1 the available information and provide an explanation as to why credit loss information is not known.

  • Risk LimitsAs a Company, we establish and monitor metrics for the Net Credit Losses, Criticized Rate (Reservable), Classified Rate (Reservable), Non-Performing Loans and Foreclosed Properties, and 90+ Days Past Due + Non-Performing Loans (excluding fully insured loans) as a percentage of total loans.

  • The row variables for Section 1 identified in Tables A through F should be completed using the following categories: Estimated Lifetime Net Credit Losses (Excluding Exempt Population):Report the Bank’s estimate of lifetime net credit losses by investors in the loans (inclusive of net credit losses realized-to-date) under the scenario in question, excluding from the estimate losses on the exempt population as defined in the Retail Repurchase Exposures schedule.

  • Return on CapitalAverage Balances and Interest RatesConsumer Loan Delinquency Amounts, Net Credit Losses and Ratios Allowance for Credit Losses:Total CitigroupConsumer Loans Corporate LoansComponents of Provision for Loan LossesNon-Performing Assets2526272829303132CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT 1Q09 North AmericaCITIGROUP -- FINANCIAL SUMMARY (In millions of dollars, except per share amounts) (1) The Company adopted FSP EITF 03-6-1 on January 1, 2009.

  • The row variables for Section 1 identified in Tables A through F should be completed using the following categories: Estimated Lifetime Net Credit Losses (Excluding Exempt Population):Report the firm’s estimate of lifetime net credit losses by investors in the loans (inclusive of net credit losses realized‐to‐date) under the scenario in question, excluding from the estimate losses on the exempt population as defined in Schedule G – Retail Repurchase Exposures.

  • Gross Receivables) 3/31/99 12/31/98 3/31/98 ------- --------- ------- Home equity 2.98 % 2.74 % 2.23 % Personal loans / retail sales finance 3.49 3.74 3.53 Truck and truck trailer 1.39 1.22 1.34 Credit card 4.49 4.73 3.96 Equipment 1.15 0.84 1.12 Manufactured housing 1.88 2.31 1.26 Fleet leasing 1.13 1.09 0.43 Recreational vehicles - 0.07 0.05 Total (managed) 2.70 % 2.57 % 2.18 % Net Credit Losses (as a % of Avg.


More Definitions of Net Credit Losses

Net Credit Losses. For any Accounting Period, the difference between Gross Credit Losses and Recoveries, calculated in accordance with GAAP. NET WORTH: the total of shareholders' equity (including capital stock, additional paid-in capital, and retained earnings) plus Subordinated Debt, less (i) the total amount of loans and debts due from Affiliates, shareholders, officers, or employees, and (ii) the total amount of any intangible assets, including without limitation goodwill. OPTIONAL CONTRACT DEBTOR INSURANCE: any insurance, other than Required Contract Debtor Insurance which insures a Financed Vehicle or a Contract Debtor's obligations under a Contract, including but not limited to credit life, credit health, credit disability, unemployment insurance; and any service contract, mechanical breakdown coverage, warranty, or extended warranty for a Financed Vehicle.
Sample 1
Net Credit Losses means, for any Monthly Period, an amount equal to the excess, if any, of the estimated losses to be incurred in respect of all Receivables written off by the Servicer in accordance with the Credit and Collection Policy during such Monthly Period over an amount equal to all amounts recovered during such Monthly Period in respect of Receivables written off by the Servicer in accordance with the Credit and Collection Policy during prior Monthly Periods, which amounts exceed the amounts that the Servicer estimated would be recovered in respect of such Receivables.
Sample 1
Net Credit Losses means, for any Monthly Period, an amount equal to the excess, if any, of (i) the estimated losses to be incurred in respect of all Receivables (other than Excluded Home Receivables) written off by the Servicer in accordance with the Credit and Collection Policy during such Monthly Period over (ii) an amount equal to all amounts recovered during such Monthly Period in respect of Receivables (other than Excluded Home Receivables) written off by the Servicer in accordance with the Credit and Collection Policy during prior Monthly Periods, which amounts exceed the amounts that the Servicer estimated would be recovered in respect of such Receivables (other than Excluded Home Receivables). For the avoidance of doubt, “Net Credit Losses” includes the portion of any Receivable (other than any Excluded Home Receivable) which has been written off as uncollectible by the Servicer net of any recoveries thereon.
Sample 1
Net Credit Losses for any Accounting Period, the difference between Gross Credit Losses and Recoveries. Net Worth: the total of shareholders' equity (including capital stock, additional paid-in capital, and retained earnings) plus Subordinated Debt, less (i) the total amount of loans and debts due from Affiliates, shareholders, officers, or employees, and (ii) the total amount of any intangible assets, including without limitation goodwill. Optional Contract Debtor Insurance: any insurance, other than Required Contract Debtor Insurance which insures a Financed Vehicle or a Contract Debtor's obligations under a Contract, including but not limited to credit life, credit health, credit disability, unemployment insurance; and any service contract, mechanical breakdown coverage, warranty, or extended warranty for a Financed Vehicle.
Sample 1
Net Credit Losses means, with respect to any Settlement Period, the Outstanding Balance of Receivables comprising the Servicing Portfolio (without duplication, net of Recoveries received by the Servicer) which became Charged-Off Receivables during such Settlement Period, calculated in a manner consistent with the calculations of net losses in Arcadia's Annual Report filed with the Securities and Exchange Commission on Form 10-K for the year ended December 31, 1997.
Sample 1
Net Credit Losses. For any Accounting Period, the difference between Gross Credit Losses and Recoveries, calculated in accordance with GAAP. NET WORTH: the total of shareholders' equity (including capital stock, additional paid-in capital, and retained earnings) plus Subordinated Debt, less (i) the total amount of loans and debts due from Subsidiaries, shareholders or officers, and (ii) the total amount of any intangible assets, including without limitation, goodwill.
Sample 1

Related to Net Credit Losses

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Funding Losses has the meaning set forth in Section 2.13(b)(ii).

  • Class B Loss Percentage With respect to any Determination Date and any Class of Class B Certificates then outstanding, the percentage calculated by dividing the Principal Balance of such Class by the Class B Principal Balance (determined without regard to any Principal Balance of any Class of Class B Certificates not then outstanding), in each case determined as of the preceding Determination Date.

  • Relevant Losses means, in relation to:

  • Aggregate Loss Severity Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred on any Mortgage Loans from the Cut-off Date to the last day of the preceding calendar month and the denominator of which is the aggregate principal balance of such Mortgage Loans immediately prior to the liquidation of such Mortgage Loans.

  • Liquidating Losses means any net loss realized in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership (including upon the occurrence of any event of liquidation of the Partnership), including but not limited to net loss realized in connection with an adjustment to the book value of Partnership assets under Section 6.2 hereof.

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Funding Loss means the amount (which shall be payable on demand by Lender) necessary to promptly compensate Lender for, and hold it harmless from, any loss, cost or expense incurred by Lender as a result of:

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Class A Loss Percentage As to any Determination Date and any Class of Class A Certificates (other than the Class A-PO Certificates) then outstanding, the percentage calculated by dividing the Principal Balance of such Class by the Class A Loss Denominator (determined without regard to any such Principal Balance of any Class of Class A Certificates not then outstanding), in each case determined as of the preceding Determination Date.

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • Net Losses means, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

  • Maximum Revolving Credit Amount means, at any particular time, the Revolving Credit Commitments at such time.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

  • Aggregate Credit Exposures means, at any time, in respect of (a) the Term Facility, the aggregate amount of the Term Loans outstanding at such time and (b) in respect of the Revolving Credit Facility, the sum of (i) the unused portion of the Revolving Credit Facility at such time and (ii) the Total Revolving Credit Outstandings at such time.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Aggregate Outstanding Credit Exposure means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).