Unpaid Net Balance definition

Unpaid Net Balance of any Receivable means at any time (i) the unpaid amount thereof, but excluding all late payment charges, delinquency charges and extension or collection fees, minus (ii) Contractual Disallowances.

Unpaid Net Balance means the amount required to pay off the retail installment contract on the date of loss. However, the unpaid net balance does not include any unearned finance charge.”

Unpaid Net Balance means the amount required to pay off the retail installment contract on the date of loss, minus any unearned finance charge.”

Examples of Unpaid Net Balance in a sentence

• The Obligor Concentration Limits and the aggregate Unpaid Net Balance of Receivables of each Obligor and its Affiliated Obligors (if any) shall be calculated as if each such Obligor and its Affiliated Obligors were one Obligor.

• The Obligor Concentration Limits and the aggregate Unpaid Net Balance of Private Receivables (as defined in the Sale Agreement) of each Obligor and its Affiliated Obligors (if any) shall be calculated as if each such Obligor and its Affiliated Obligors were one Obligor.

• The difference between the Actual Cash Value of the covered collateral on the Date of Loss and the Unpaid Net Balance including your Primary Insurance deductible.

• We will not waive the portion of the Unpaid Net Balance exceeding 150% of the Manufacturer’s Suggested Retail Price (MSRP) on new cars, or 150% of the National Automobile Dealers Association (NADA) Used Car Guide average retail book value on used cars (as determined on the date hereof and disclosed on the reverse side), including all refundable items such as service contracts, warranties, insurance, or other such items.

• If such Purchase Price Credit exceeds the original Unpaid Net Balance of the Receivables to be sold by the applicable Seller on the date of a purchase, then the applicable Seller shall pay the remaining amount of such Purchase Price Credit in cash not later than the next Settlement Date; provided that if such Seller's Sale Termination Date has not occurred, such Seller shall be allowed to deduct the remaining amount of such Purchase Price Credit from any Indebtedness owed to it under its Subordinated Note.

More Definitions of Unpaid Net Balance

Unpaid Net Balance means the amount owed by you to clear the outstanding installment sales contract/loan account upon the date of loss. This amount may not include any unearned finance charges or interest; installment sales contract/loan charges; late charges; deferred payment; any delinquent payments; any uncollected service charges; refundable prepaid taxes and fees; or any other proceeds you may duly recover by canceling insurance coverages; service contracts; warranties, disposition fees, termination fees, penalty fees, or other items built into or added to the initial installment sales contract/loan balance. “Delinquent Payments” means any payment, as described in the installment sales contract/loan instrument, which remains unpaid for a period of more than sixty (60) days after the due date stated in the installment sales contract/loan instrument.

Unpaid Net Balance means the amount owed by you to clear the outstanding Retail Installment Contract and Security Agreement account upon the date of loss. This amount may not include any unearned finance charges or interest; installment sales contract/loan charges; late charges; deferred payment; any delinquent payments; any uncollected service charges; refundable prepaid taxes and fees; or any other proceeds you may duly recover by canceling insurance coverage's; service contracts; warranties, disposition fees, termination fees, penalty fees, or other items built into or added to the initial installment sales contract/loan balance.

Unpaid Net Balance means the amount in U.S. currency owed by the Borrower/Debtor to clear the outstanding loan account upon the Date of Loss, including, if applicable, any Negative Equity . The Unpaid Net Balance does not include (1) unearned finance charges or interest;

Unpaid Net Balance means the amount owed by you to clear the outstanding Retail Installment Contract and Security Agreement account upon the date of loss. This amount may not include any unearned finance charges; late charges; deferred payment; any delinquent payments; any uncollected service charges; refundable prepaid taxes and fees; or any other proceeds you may duly recover by canceling insurance coverages, service contracts, or warranties.

Unpaid Net Balance for GAP purposes only means the amount owed by the borrower to dear the outstanding loan account upon the date of loss. This amount may not include any unearned inter, late charges, any delinquent payments, any uncollected service charges, or penalty fees added to the unpaid balance after the loan has been made, or any cancellable or refundable portion of any items included in the initial Loan Balance.

Unpaid Net Balance means the amount in U.S. currency owed by the Borrower/Debtor to clear the outstanding Installment Loan account upon the Date of Loss, including, if applicable, any Negative Equity. The Unpaid Net Balance does not include (1) unearned finance charges or interest; (2) I ns t al l m ent L oan charges; (3) late charges; (4) Delinquent Payments; (5 ) Skipped Payments; (6) uncollected service charges; (7) refundable prepaid taxes and fees; (8) disposition fees, termination fees or penalty fees; (9) the recoverable portion of financed credit insurance charges, or the recoverable portion of financed amounts for service contracts or warranties that are owed to the Borrower/Debtor on the Date of Loss; (10) Legal expenses or fees (11) amounts that are built into or added to the Installment Loan balance after the inception date of the Installment Loan; (12) Debt Consolidation amounts added to the original financing of the Eligible Collateral.

Unpaid Net Balance means the amount in U.S. currency owed by the Borrower/Debtor to clear the outstanding loan account upon the Date of Loss.