Past Due Percent the percent equal to (a) the sum of the Colonial Net Balances owing under all Vehicle Contracts that are 29 days or more past due or where the Contract Debtor is subject to an Insolvency Proceeding, calculated as of the last day of the month for each of the last 4 months, divided by (b) the sum of the Colonial Net Balances owing under all Vehicle Contracts at the end of each of the last 4 months.
Past Due Percent means the percent, calculated as of the first day of each month, equal to (a) the aggregate amount of Gross Contract Payments owing under all Contracts (excluding Contracts charged-off and Permitted Facility Contracts), as to which any portion of an installment due thereunder is thirty (30) days or more past due as determined on a contractual basis as of the last day of each of the three (3) months immediately preceding the date of calculation, divided by (b) the aggregate amount of Gross Contract Payments owing under all Contracts (excluding Contracts charged-off and Permitted Facility Contracts) as of the last day of each of the three (3) months immediately preceding the date of calculation. For example, if, as of the last day of the previous three months the Gross Contract Payments were $1,000,000, $1,250,000 and $1,500,000 and on the same date the amount of Gross Contract Payments that were more than thirty (30) days past due was $100,000, $150,000 and $150,000, the Past Due Percent would be ten and two-thirds percent (10-2/3%) ($400,000/$3,750,000).
Examples of Past Due Percent in a sentence
DESCRIPTIONTotal Past Due Percent Managed Assets NARRATIVEThe sum of all securitized loans and leases past due (from Call Report Schedule RC-S) plus loans and leases past due (from Call Report Schedule RC-N) divided by the sum of all securitized assets (from Call Report RC-S item 1 columns A-G), plus total loans and leases (as reported on schedule RC-C item 12).
More Definitions of Past Due Percent
Past Due Percent means the percent, calculated as of the first day of each month, equal to (a) the aggregate amount of Gross Contract Payments owing under all Contracts (excluding Contracts charged-off and, for the avoidance of doubt, Permitted Facility Contracts), as to which any portion of an installment due thereunder is thirty (30) days or more past due as determined on a contractual basis as of the last day of each of the three (3) months immediately preceding the date of calculation, divided by (b) the aggregate amount of Gross Contract Payments owing under all Contracts (excluding Contracts charged-off and, for the avoidance of doubt, Permitted Facility Contracts) as of the last day of each of the three (3) months immediately preceding the date of calculation. For example, if, as of the last day of the previous three months the Gross Contract Payments were $1,000,000, $1,250,000 and $1,500,000 and on the same date the amount of Gross Contract Payments that were more than thirty (30) days past due was $100,000, $150,000 and $150,000, the Past Due Percent would be ten and two-thirds percent (10-2/3%) ($400,000/$3,750,000).
Past Due Percent the percent, calculated as of the beginning of the first day of each month, equal to (a) the Gross Contract Payments owing under all Contracts (excluding Contracts charged-off), as to which any portion of an installment due thereunder is more than 30 days past due as determined on a contractual basis as of the last day of the month immediately preceding the date of calculation, divided by (b) the Gross Contract Payments owing under all Contracts (excluding Contracts charged-off) as of the last day of the month immediately preceding the date of calculation.
Past Due Percent the percent, calculated as of the beginning of the first day of each month, equal to (a) the Gross Contract Payments owing under all Contracts (excluding Contracts charged-off), as to which any portion of an installment due thereunder is more than 30 days past due as determined on a contractual basis as of the last day of the month immediately preceding the date of calculation, divided by (b) the Gross Contract Payments owing under all Contracts (excluding Contracts charged-off) as of the last day of the month immediately preceding the date of calculation. Patriot Act: the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. No. 107-56, 115 Stat. 272 (2001).
Past Due Percent means the percent, calculated as of the first day of each month, equal to (a) the Gross Contract Payments owing under all Contracts (excluding Contracts charged-off) as to which any portion of an installment due thereunder is 30 days or more past due as determined on a contractual basis as of the last day of each of the six months immediately preceding the date of calculation, divided by (b) the Gross Contract Payments owing under all Contracts (excluding Contracts charged-off) as of the last day of each of the six months immediately preceding the date of calculation. For example, if, as of the last day of the previous six months the Gross Contract Payments were $1,500,000 and on the same date the amount of Gross Contract Payments that were more than 30 days past due was $100,000 for three months and $150,000 for three months, the Past Due Percent would be 8 1/3% ($750,000/$9,000,000).
Past Due Percent is defined as the percent, calculated as of the last day of each month for the four (4) month period then ending, equal to (a) the Net Balances owing under all Vehicle Contracts (excluding Vehicle Contracts charged-off) 30 days or more past due calculated as of the last day of each month for the four (4) month period then ending or where the Contract Debtor is subject to a bankruptcy or insolvency proceeding under Federal law or any similar proceeding under state law, divided by (b) the Net Balances owing under all Vehicle Contracts (excluding Vehicle Contracts charged-off) calculated as of the last day of each month for the four (4) month period then ending. For example, if, as of the last day of the previous four (4) months, Net Balances were $71,000,000, $73,000,000, $75,000,000 and $75,500,000 and on the same date the amount of Net Balances more than 30 days past due was $4,000,000, $4,000,000, $5,000,000 and $5,000,000, the Past Due Percent would be 6.11% ($18,000,000/$294,500,000).
Past Due Percent means the percent, calculated as of the last day of each Fiscal Period, equal to (a) the Gross Installment Contract Payments owing under all Installment Contracts owing to the Borrowers (excluding Installment Contracts which have been charged-off or for which the subject merchandise has been repossessed or demanded to be returned) as to which any portion of an installment due thereunder is thirty (30) days or more past due as determined on a "contractual" basis as of the last day of each of the six (6) Fiscal Periods immediately preceding the date of calculation, divided by (b) the Gross Installment Contract Payments owing under all Installment Contracts (excluding Installment Contracts which have been charged-off or for which the subject merchandise has been repossessed or demanded to be returned) as of the last day of each of the six (6) Fiscal Periods immediately preceding the date of calculation.
Past Due Percent means the percent, calculated as of the first day of each month, equal to (a) the aggregate amount of Gross Contract Payments owing under all Contracts (excluding Contracts charged-off), as to which any portion of an installment due thereunder is thirty (30) days or more past due as determined on a contractual basis as of the last day of each of the three (3) months immediately preceding the date of calculation, divided by (b) the aggregate amount of Gross Contract Payments owing under all Contracts (excluding Contracts charged-off) as of the last day of each of the three (3) months immediately preceding the date of calculation. For example, if, as of the last day of the previous three months the Gross Contract Payments were $1,000,000.00, $1,250,000.00 and $1,500,000.00 and on the same date the amount of Gross Contract Payments that were more than thirty (30) days past due was $100,000.00, $150,000.00 and $150,000.00, the Past Due Percent would be ten and two-thirds percent (10-2/3%) ($400,000.00/$3,750,000.00). Patriot Act shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. No. 107-56, 115 Stat. 272 (2001), as amended and in effect from time to time.