Net Liquidation Losses definition

Net Liquidation Losses means, as of any Distribution Date, with respect to all Liquidated Contracts on an aggregate basis, the amount, if any, by which (a) the outstanding Principal Balance of all Liquidated Contracts (as of the respective dates upon which they became Liquidated Contracts) exceeds (b) the Net Liquidation Proceeds received in respect of Liquidated Contracts.

Net Liquidation Losses means, with respect to any Collection Period, the amount, if any, by which (a) the aggregate Principal Balance of all Receivables that became Defaulted Receivables during that Collection Period exceeds (b) the Liquidation Proceeds, Insurance Proceeds and any Deficiency Balance recoveries received during that Collection Period.

Net Liquidation Losses means, as of any Distribution Date, with respect to all Liquidated Contracts on an aggregate basis, the amount, if any, by which (a) the outstanding Principal Balance of all Liquidated Contracts plus accrued and unpaid interest thereon at the Contract Rate to the date on which such Liquidated Contracts became Liquidated Contracts exceeds (b) the Net Liquidation Proceeds for such Liquidated Contracts. "NET LIQUIDATION PROCEEDS" means, as to any Liquidated Contract, the proceeds realized on the sale or other disposition of the related Motorcycle, including proceeds realized on the repurchase of such Motorcycle by the originating dealer for breach of warranties, and the proceeds of any insurance relating to such Motorcycle, after payment of all reasonable expenses incurred thereby, together, in all instances, with the expected or actual proceeds of any recourse rights relating to such Contract as well as any post-disposition proceeds or other amounts in respect of a Liquidated Contract received by the Servicer.

Examples of Net Liquidation Losses in a sentence

• The aggregate Net Liquidation Losses for all Contracts since the Cutoff Date through the end of the related Due Period.

• Net Liquidation Losses for the related Due Period (a) Principal Balance of Liquidated Receivables 0 0.00 (b) Net Liquidation Proceeds on any Liquidated Receivables 0.00 ------------------ Total Net Liquidation Losses for the related Due Period 0.00 7.

• Net Liquidation Losses for the related Due Period (a) Principal Balance of Liquidated Contract 1 22,694.29 (b) Net Liquidation Proceeds on any Liquidated Contracts 13,490.00 ------------ Total Net Liquidation Losses for the related Due Period 3 9,204.29 7.

• Net Liquidation Losses for the related Due Period (a) Principal Balance of Liquidated Receivables 0 0.00 (b) Net Liquidation Proceeds on any Liquidated Receivables 0.00 --------------- Total Net Liquidation Losses for the related Due Period 0.00 7.

• Net Liquidation Losses for the related Due Period (a) Principal Balance of Liquidated Contracts 9 161,491.39 (b) Net Liquidation Proceeds on any Liquidated Contracts 77,738.64 ------------------- Total Net Liquidation Losses for the related Due Period 83,752.75 6.

• NET LOSS RATE: (PRECEDING COLLECTION PERIOD) ------------------------------------------------------------------------------------------------------------------------- (32) Total Net Liquidation Losses for the preceding Collection Period (32) 4,775,275.39 (33) Beginning of Period Pool Balance (33) 638,206,390.95 (34) Net Loss Rate (34) 0.75% ------------------------------------------------------------------------------------------------------------------------- IX.

• Total Net Liquidation Losses for the preceding Collection Period (32) 10,317.70 (33) Beginning of Period Pool Balance (33) 879,123,207.32 (34) Net Loss Rate (34) 0.00% IV.

• Net Liquidation Losses for the related Due Period (a) Principal Balance of Liquidated Receivables 1 54,241.01 (b) Net Liquidation Proceeds on any Liquidated Receivables 35,831.70 -------------------- Total Net Liquidation Losses for the related Due Period 18,409.31 7.

• Net Liquidation Losses for the related Due Period (a) Principal Balance of Liquidated Receivables 4 190,873.08 (b) Net Liquidation Proceeds on any Liquidated Receivables 116,954.42 ------------------- Total Net Liquidation Losses for the related Due Period 73,918.66 7.

• Net Liquidation Losses for the related Due Period (a) Principal Balance of Liquidated Contracts 7 109,293.93 (b) Net Liquidation Proceeds on any Liquidated Contracts 60,983.19 ------------------- Total Net Liquidation Losses for the related Due Period 48,310.74 7.

More Definitions of Net Liquidation Losses

Net Liquidation Losses means, with respect to any collection period, the amount, if any, by which (a) the aggregate principal balance of all receivables that became Liquidated Receivables during that collection period exceeds (b) any and all recoveries received during that collection period.

Net Liquidation Losses means, as of any Distribution Date, with respect to a Defaulted Contract, the amount, if any, by which (a) the outstanding Principal Balance of such Defaulted Contract plus accrued and unpaid interest thereon at the Contract Rate to the date on which such Defaulted Contract became a Defaulted Contract exceeds (b) the Net Liquidation Proceeds for such Defaulted Contract.

Net Liquidation Losses means, as of any Determination Date with respect to any particular Series, the amount, if any, by which (a) the sum of (i) the Principal Balance of all Receivables which became Liquidated Receivables during the related Collection Period since the Cutoff Date, plus accrued and unpaid interest thereon at the applicable APR to the end of the related Collection Period, plus (ii) the aggregate of all Cram Down Losses that occurred as of the end of the related Collection Period, exceeds (b) the Net Liquidation Proceeds received as of the end of the related Collection Period in respect of all Liquidated Receivables.