Serviced Portfolio definition

Serviced Portfolio means the Servicer's entire portfolio of motor vehicle retail installment sale contracts and installment loans that (i) are originated, directly or indirectly, by DFC in accordance with the Credit and Collection Policy, (ii) are serviced by DFC, (iii) are owned by DFC or an Affiliate or a Subsidiary of DFC and (iv) satisfy each of the eligibility requirements set forth on Schedule B hereto. For the avoidance of doubt, no motor vehicle retail installment sale contracts or installment loans that were originated, directly or indirectly, by DFC in accordance with any predecessor set of credit policies and underwriting guidelines to the Credit and Collection Policy shall not be included in the Serviced Portfolio. "Serviced Portfolio Defaulted Receivable" means, as of any date of determination, any Serviced Portfolio Receivable (i) that has been, or is required to be, treated as "defaulted" in accordance with the Credit and Collection Policy, (ii) with respect to which the Servicer has determined in good faith that payments thereunder have ceased and are not likely to be resumed, (iii) with respect to which the greater of (a) $50 and (b) 10% or more of any Scheduled Payment remains unpaid for more than 120 days from the related due date, or (iv) for which the related Financed Vehicle has been repossessed For purposes of this definition, the "Scheduled Payment" and "Financed Vehicle" for each Serviced Portfolio Receivable that is not a Receivable shall be determined as if it were a "Receivable" for purposes of all related defined terms. "Serviced Portfolio Deferral Ratio" means, as of any date of determination, the percentage equivalent of a fraction, (i) the numerator of which is the aggregate Principal Balance of all Serviced Portfolio Receivables with respect to which a Deferral was granted during the most recently completed Collection Period and (ii) the denominator of which is the aggregate Principal Balance of all Serviced Portfolio Receivables as of the last day of such Collection Period. For purposes of this definition, the "Principal Balance" for each Serviced Portfolio Receivable that is not a Receivable shall be determined as if it were a "Receivable" for purposes of all related defined terms. "Serviced Portfolio Delinquency Ratio" means, as of any date of determination, the percentage equivalent of a fraction, (i) the numerator of which is the aggregate Principal Balance of all Serviced Portfolio Delinquent Receivables as of the last day of the most r...

Serviced Portfolio means the aggregate amount of Contracts serviced by the Servicer.

Serviced Portfolio means all motor vehicle receivables that have been originated or purchased by UACC or an Affiliate thereof and are serviced by UACC or an Affiliate thereof, including motor vehicle receivables that have been securitized in a transaction for which UACC, the Borrower or any of their respective Affiliates is the sponsor.

Examples of Serviced Portfolio in a sentence

• Upon the reasonable request of the Administrative Agent, the initial Servicer shall provide, at its own expense, the Administrative Agent with information on the Serviced Portfolio regarding delinquencies, loss-to-liquidations, annualized losses and such other information as the Administrative Agent may request, but solely to the extent that such data is available to the Servicer without undue administrative burden or cost.

• Segregation of Serviced Portfolio The Company's systems segregate leases and loans between those owned by the Company and those managed by the Company for each relevant owner by each managed pool.

• ROLLING AVERAGE CHARGED-OFF LOSSES: the weighted average of the Charged-Off Losses for any six (6) consecutive Accounting Periods calculated separately for the portfolio of Pledged Contracts and the Total Serviced Portfolio.

• ROLLING AVERAGE DELINQUENCY: the weighted average of the Delinquency Measurements for any six (6) consecutive Accounting Periods calculated separately for the portfolio of Pledged Contracts and the Total Serviced Portfolio.

More Definitions of Serviced Portfolio

Serviced Portfolio means the Servicer’s owned and serviced portfolio of motor vehicle installment sales contracts and installment loans.