Overdraft Forgiveness Amount definition

Overdraft Forgiveness Amount means the Twenty-Seven Million and 00/100 Dollars ($27,000,000.00) that TD Bank, without admission of liability, agrees to provide as consideration for this Settlement in the form of reductions to the outstanding balances of Members of the Settlement Classes whose accounts were closed with amounts owed to TD Bank, as more specifically described in paragraph 141 of this Agreement.
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Overdraft Forgiveness Amount means the total amount, up to a maximum of $500,000, that Bangor, without admission of liability, agrees to provide as consideration for this Settlement in the form of reductions to the outstanding Retry Fees and/or APPSN Fees owed to Bangor, as identified by Ankura based on review and analysis of reasonably accessible Bangor transactional data and information, for Settlement Class Members with Charged-Off Accounts.
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Overdraft Forgiveness Amount means the sum of Ten Million Two-Hundred Fifty Thousand Dollars ($10,250,000.00), which is the total amount that Defendant, without admission of liability, agrees to forgive as consideration for this Settlement through reductions to the outstanding balances of Participating Settlement Class Members with Charged-Off Accounts, as more specifically described in paragraphs 62 and 99 of this Agreement. This Overdraft Forgiveness Amount shall serve to reduce the amounts that Participating Settlement Class Members owe to Defendant for Overdraft Fees and overdrafts Defendant paid but for which Defendant was not reimbursed.
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Examples of Overdraft Forgiveness Amount in a sentence

  • The Overdraft Forgiveness Amount allocated to this Class will be distributed in such a manner as to reduce the amount owed to TD Bank to below $75.00 for the maximum number of Accounts possible, as described below.

  • TD Bank shall inform ChexSystems to remove any reporting for each Account that has its amount owed to TD Bank reduced to below $75.00 as a result of applying the Overdraft Forgiveness Amount.

  • The Overdraft Forgiveness Amount shall serve to reduce the amounts that Members of the Settlement Classes owe TD Bank for Overdraft Fees, Sustained Overdraft Fees, other TD Bank fees, and overdrafts the Bank paid but for which the Bank was not reimbursed.

  • For each Settlement Class, the Overdraft Forgiveness Amount shall be applied to such Accounts (excluding Accounts belonging to any Settlement Class Member who has timely opted out of the Settlement) in ascending order based on the amount owed to TD Bank, starting at $75.00, and continuing until the Overdraft Forgiveness Amount allocated to each Class is exhausted.

  • The portion of the Overdraft Forgiveness Amount allocated to each Account shall be the amount necessary to reduce the balance owed to TD Bank to $74.99.

  • The Overdraft Forgiveness Amount allocations shall first be applied to the TD Available Balance Consumer Class and the TD Available Balance Business Class, followed by the Usury Class.

  • TD Bank, in consultation with Settlement Class Counsel and their experts, shall identify data – to the extent it exists in reasonably accessible electronic form – sufficient to calculate and implement the allocation of the Net Settlement Fund and the Overdraft Forgiveness Amount as provided in Sections XI and XII.

  • Only Members of the TD Available Consumer Class, Usury Class and TD Available Balance Business Class are eligible to receive distributions from the Overdraft Forgiveness Amount.

  • Those Settlement Class Members who, according to the data provided to Plaintiffs’ expert, were assessed one or more Eligible TD Available Balance Business Overdraft Charges and whose Business Accounts were closed with $75.00 or more owed to TD Bank for Overdraft Fees, other TD Bank fees, and overdrafts the Bank paid but for which the Bank was not reimbursed, may be entitled to be credited with a portion of the Overdraft Forgiveness Amount.

  • Those Settlement Class Members who, according to the data provided to Plaintiffs’ expert, were assessed one or more Eligible TD Available Balance Consumer Overdraft Fees and whose Personal Accounts were closed with $75.00 or more owed to TD Bank for Overdraft Fees, other TD Bank fees, and overdrafts the Bank paid but for which the Bank was not reimbursed, may be entitled to be credited with a portion of the Overdraft Forgiveness Amount.

Related to Overdraft Forgiveness Amount

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Consolidated Scheduled Funded Debt Payments means for any period for the Borrower and its Subsidiaries on a consolidated basis, the sum of all scheduled payments of principal on Consolidated Funded Indebtedness, as determined in accordance with GAAP. For purposes of this definition, “scheduled payments of principal” (a) shall be determined without giving effect to any reduction of such scheduled payments resulting from the application of any voluntary or mandatory prepayments made during the applicable period, (b) shall be deemed to include the Attributable Indebtedness in respect of Capital Leases, Securitization Transactions and Synthetic Leases and (c) shall not include any voluntary prepayments or mandatory prepayments required pursuant to Section 2.05.

  • Unpaid Realized Loss Amount With respect to any Class of Subordinated Certificates and as to any Distribution Date, is the excess of (i) the Applied Realized Loss Amounts with respect to such Class over (ii) the sum of (a) all distributions in reduction of such Applied Realized Loss Amounts on all previous Distribution Dates, and (b) the amount by which the Class Certificate Balance of such Class has been increased due to the distribution of any Subsequent Recoveries on all previous Distribution Dates. Any amounts distributed to a Class of Subordinated Certificates in respect of any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of such Class.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Prepayment Interest Excess Amount With respect to any Principal Prepayment in full which is applied to the related Mortgage Loan from the first day of the month of any Remittance Date through the sixteenth day of the month of such Remittance Date, all amounts paid in respect of interest on such Principal Prepayment in full. A Prepayment Interest Excess Amount cannot result from a Principal Prepayment in part, but only from a Principal Prepayment in full.

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including payments due on Capital Leases and mortgaged real properties (including any Mortgaged Properties) during the applicable period ending on the date of determination).

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one quarter of one percent (0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Hedge Breakage Costs means, with respect to each Hedge Counterparty upon the early termination of any Hedge Transaction with such Hedge Counterparty, the net amount, if any, payable by the Borrower to such Hedge Counterparty for the early termination of that Hedge Transaction or any portion thereof.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Upper payment limit means the maximum ceiling imposed by

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.