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 26 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.

• 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.

• 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.

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 is the gross amount recovered by the Plan, less such factors as costs incurred by the Plan in getting the recovery, comparative fault issues involving the Plan member, or factors affecting the Plan member's inability to fully recover for their injuries. If Alliant recovers an amount greater than its reimbursement, the excess, reduced by the costs to obtain the recovery, will be returned to the Plan. Suppose the Plan recovers any such payment from a responsible party. In that case, the recovered amount cannot be used to satisfy any retention requirement or Aggregate Stop Loss specifications noted on the final funding quote, until Alliant's recovery rights are satisfied. If the Plan receives a recovery before Alliant reimburses any covered expenses under the Policy, the Plan must deduct the amount of such recovery from any reimbursement request. For example, suppose the Plan receives a recovery after Alliant has made payment to the Plan for some or all a particular claim. In that case, the Plan must reimburse Alliant to the full extent of the payment by the Alliant, less a pro-rata reduction to reflect the Net Recovery obtained by the Plan. The Plan's obligation to reimburse Alliant remains, whether this Policy is still in force on the recovery date. Such reimbursement to Alliant must occur within 30 days of any recovery by the Plan or Plan Sponsor. The Plan shall account to Alliant for amounts recovered. These rights and obligations imposed on the Plan and Alliant under this Section shall survive termination of the Policy. If Alliant determines that the Insured has been overpaid due to a claim credit resulting from a coordination of benefit change, a subrogation recovery, audit, or billing or payment error, the Insured will promptly refund such overpayment to Alliant. If this Policy terminates, any reimbursements made for claims paid by the Insured after the termination date will immediately be refunded to Alliant. If the Insured fails to refund any overpayments to Alliant promptly, Alliant reserves the right to obtain such overpayments from future payments due under this Policy. Alliant may terminate this Policy on any Policy Anniversary Date by providing at least 30 days prior written notice to the Insured. The Insured may terminate this Policy on any premium due date by providing at least 30 days prior written notice to Alliant and paying the Minimum Premium for the Policy Year. The Policy may also be terminated on any date mutually agreed to in writing ...

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 means: (1) the total of all amounts received by settlement, arbitration award or judgment, including any award of attorney’s fees, (2) minus all costs and disbursements set forth in Paragraph 6. If another party is ordered by the court to pay Client’s Attorney’s fees and/or costs, that award will be part of Client’s net recovery and the contingent fee will be based on the Client’s total recovery, including the amount of the court ordered award of attorney’s fees and/or costs. Net recovery will also include the reasonable value of any non-monetary proceeds. Attorney’s fee will be calculated as follows:

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