Write-Offs definition
Examples of Write-Offs in a sentence
Any such reinstatement shall be allocated to the Class A Invested Amount until all prior reductions to the Class A Invested Amount on account of Investor Write-Offs have been reinstated.
Notwithstanding the foregoing, no redemption pursuant to this Article VII shall occur if the Series Invested Amount attributable to any Senior Class or Senior Subordinated Class of any Series in Group I shall have been reduced on account of Investor Write-Offs and/or Investor Allocable Dilution (and not subsequently reinstated) unless all such reductions are reinstated prior to such redemption.
The Service Provider shall completely and accurately record the following: - Refunds; - Penalty Charge Cancellations; - Write-Offs; and - Adjustments, for the Enforcement Process against the correct receivable account in the Finance System(s).
Notwithstanding the foregoing, no redemption pursuant to this Article VII shall occur if the Series Invested Amount attributable to any Senior Class of any Series in Group I shall have been reduced on account of Investor Write-Offs and/or Investor Allocable Dilution (and not subsequently reinstated) unless all such reductions are reinstated prior to such redemption.
The Service Provider shall have processes to account for and differentiate between Penalty Charge Cancellations and Write-Offs in accordance with the Penalty Charge Write-Off Policy set out in Appendix 14 of Schedule 2: Statement of Requirements and shall submit such processes to TfL for Approval.