Examples of Recovered Amount in a sentence
The Net Recovered Amount shall equal the gross amount of the recoveries less reasonable collections costs.
Any claim against the Guarantor pursuant to Condition 11.3(b) for amounts in respect of principal, interest and/or Arrears of Interest shall be reduced if, and to the extent that, any amounts in respect of the same are first paid by or recovered from the Issuer (including, without limitation, any Issuer Recovered Amount following an Issuer Winding-Up).
In the event of recoveries on Defaulted Loans, the Bank will deposit back to the Reserve Account the Net Recovered Amount multiplied times the Loss Share Percentage.
On a distribution by the Initial ACF Agent under Clause 26.2 (Redistribution of payments) of a payment received by a Recovering Initial ACF Finance Party from an Obligor, as between the relevant Obligor (on the one hand) and the Recovering Initial ACF Finance Party (on the other), an amount of the Recovered Amount equal to the Sharing Payment will be treated as not having been paid by that Obligor.
On a distribution by the Agent under Clause 27.2 (Redistribution of Payments) of a payment received by the Recovering Finance Party from an Obligor, as between the relevant Obligor and the Recovering Finance Party, an amount of the Recovered Amount equal to the Sharing Payment will be treated as not having been paid by that Obligor.