Net Recovery definition

Net Recovery. Any proceeds received by a Servicer on a delinquent or Charged Off Loan (including any Liquidation Proceeds received on a Charged Off Loan), net of any Servicing Fee, Ancillary Income and any other related expenses.

Net Recovery means any sum received by the Clearing House from or for the account of a Defaulter after the issue by the Clearing House of a Rule 19 Certificate in respect of losses arising upon the Defaulter’s Default less any amount payable to any insurer or provider of analogous services in respect of any amount due from but not previously paid by the Defaulter

Net Recovery is defined in Section 3.7(f).

Examples of Net Recovery in a sentence

• The amount of any gross Insurance Proceeds and Liquidation Proceeds received with respect to any Mortgage Loan or REO Property minus the amount of any unreimbursed Servicing Advances, unreimbursed Periodic Advances or unpaid Servicing Fees, in each case, with respect to the related Mortgage Loan, are the "Net Recovery Proceeds" with respect to such Mortgage Loan or REO Property.

• The Agency services existing Net Recovery Buyout Recapture Agreements as described in this section.

• After obtaining the related broker's price opinion, the related Servicer will determine whether any Significant Net Recovery is possible through foreclosure proceedings or other liquidation of the related Mortgaged Property.

• If the Indemnified Party receives a Net Recovery subsequent to an indemnification payment by the Indemnifying Party under this Article III, then such Indemnified Party shall promptly reimburse the Indemnifying Party for any payment made or expense incurred by such Indemnifying Party in connection with providing such indemnification payment up to Net Recovery.

• If the related Servicer determines that (x) no Significant Net Recovery is possible or (y) the potential Net Recoveries are anticipated to be an amount, determined by the related Servicer in its good faith judgment and in light of other mitigating circumstances, that is insufficient to warrant proceeding through foreclosure or other liquidation of the related Mortgaged Property, it may, at its discretion, charge off such delinquent Mortgage Loan in accordance with subsections (a)(iii) and (a)(iv) below.

More Definitions of Net Recovery

Net Recovery means the Covered Person’s Recovery less attorney’s fees and court costs incurred in making the Recovery.

Net Recovery means: 1) the total of all amounts received by settlement, arbitration award or judgment, including any award of lawyer’s fees; 2) minus all costs and expenses as set forth in Paragraph 7. Upon conclusion of the matter, Xxxxxx will provide Client with a written statement stating the outcome of the matter and, if there is a recovery, showing the remittance to Client and the method by which the remittance was calculated. Xxxxxx’s fee shall be calculated as follows:

Net Recovery means the total value received by the City after the payment of attorney fees and costs.

Net Recovery means the Gross Recovery reduced by the following expenses paid or payable in cash by, or on behalf of, the Payee, to the extent the Plan in its discretion determines them to be necessary to obtain the Gross Recovery, and reasonable in amount:

Net Recovery shall have the meaning set forth in Section 10.7.

Net Recovery means any sum received by the Clearing House from or for the account of a Defaulter after the issue by the Clearing House of a Rule 19 Certificate in respect of losses arising upon the Defaulter’s Default less any amount payable to any insurer or provider of analogous services in respect of any amount due from but not previously paid by the Defaulter"New Member"means, on the day as at which any Contribution is to be calculated, any Clearing Member which either has become a Clearing Member, or has commenced clearing in respect of the relevant Service, since the immediately preceding day prescribed for calculating similar Contributions"Nominated Group Member"has the meaning assigned to it in Chapter XIV(k)"Non-Affected ForexClear Option Clearing Member"means a ForexClear Option Clearing Member that is not an Affected ForexClear Option Clearing Member"Non-Clearing Participant ("NCP")"means, in respect of a Service, a person (a) who is not a Clearing Member in such Service, (b) whom a Clearing Member has appointed as an NCP, in respect of such Service, in accordance with the Procedures, (c) who has been notified to the Clearing House in accordance with Section 1.2.2 of Section 1 of the Procedures, and (d) whose appointment as an NCP, in respect of such Service, has not been terminated in accordance with Section 1.2.3 of Section 1 of the Procedures"Non-Defaulting FXCCM"means an FXCCM which is not a Defaulter under Rule 4 of the Default Rules"Non-Defaulting Joint Rates Service Clearing Member"means a Joint Rates Service Clearing Member which is not a Defaulter under Rule 4 of the Default Rules"Non-Defaulting Rates Services Clearing Member"means a Rates Service Clearing Member which is not a Defaulter under Rule 4 of the Default Rules"Non-Defaulting RCM"means an RCM which is not a Defaulter under Rule 4 of the Default Rules"Non-Defaulting SCM"means an SCM which is not a Defaulter under Rule 4 of the Default Rules"Non-Eligible Listed Interest Rates Contract"means those Listed Interest Rates Contracts other than Eligible Listed Interest Rates Contracts

Net Recovery means the total amount paid or payable to or on behalf of the injured party, less attorney's fees and litigation costs actually expended by or on behalf of the injured party.