Unrecovered Amount definition

Unrecovered Amount means, with respect to any investment, loan or advance at any time, the principal cost of such investment, loan or advance less (i) any return of capital with respect thereto and (ii) the net cash proceeds of any sale of all or any part thereof; provided that the "Unrecovered Amount" of any investment, loan or advance shall not be less than zero.
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Unrecovered Amount means, as of any date, (a) the total Defaulted Payment Amounts as of such date plus (b) two times the amount of any Top-Up Payments and/or Termination Payments made by or on behalf of the Seller as of such date plus (c) the total amount of interest paid with respect to Protection Payments pursuant to Section 3.3 hereof as of such date plus (d) with respect to any Protected Asset that has been sold by the Company prior to the time that the Unrecovered Amount exceeds the Deductible, the excess, if any of (i) the sum of (A) the Carrying Value of such Protected Asset as of the date of such sale plus (B) all accrued and unpaid interest on such Protected Asset as of the date of such sale over (ii) the gross sales proceeds received by the Company from such sale less (e) the total amount of Recoveries received by the Company as of such date; provided, that, a failure by the Borrower to pay, or the Company to collect, principal in an amount more than the Carrying Value upon the Stated Maturity Date or acceleration of a Protected Asset shall not increase the Unrecovered Amount.
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Examples of Unrecovered Amount in a sentence

  • The Unrecovered Amount as of the last day of such calendar month.

  • The parties hereto hereby agree that the Seller shall not be required to make any Protection Payments to the Company unless, until and only to the extent that the Unrecovered Amount in respect of the Protected Assets is equal to or in excess of the Deductible.

  • In the event that a Recovery is made in respect of a Protected Asset on which no Protection Payments have been made as a result of the Unrecovered Amount not exceeding the Deductible, such Recovery shall be applied to all Protected Assets on which Protection Payments have been made on a pro rata basis in accordance with the relative Unrecovered Protection Payments made in respect of such Protected Assets.

  • So long as the Unrecovered Amount exceeds the Deductible, in the event any Principal Payment Default occurs in respect of any Protected Asset during the Protection Period with respect to such Protected Asset, the Seller shall pay to the Company, in accordance with Section 2.6.1 below, an amount equal to fifty percent (50%) of the product of (a) the Carrying Value Percentage for such Protected Asset, multiplied by (b) the amount of the Defaulted Principal Amount related to such Principal Payment Default.

  • So long as the Unrecovered Amount exceeds the Deductible, in the event any Interest Payment Default occurs in respect of any Protected Asset during the Protection Period with respect to such Protected Asset, the Seller shall pay to the Company, in accordance with Section 2.6.1 below, an amount equal to fifty percent (50%) of the amount of the Defaulted Interest Amount related to such Interest Payment Default.