Defaulted Amount Sample Clauses

Defaulted Amount. (a) The aggregate amount of Defaulted Receivables with respect to the Trust for the Monthly Period immediately preceding the Distribution Date.................. $
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Defaulted Amount. To the extent any portion of the Purchase Price is not paid to Seller when due hereunder (any such amount, a “Defaulted Payment”), then such Defaulted Payment shall bear interest at the rate of 10.0% per annum, compounded daily, from the due date for such Defaulted Payment until such time as the entire outstanding balance of such Defaulted Payment is paid in full by (or on behalf of) Buyer to Seller.
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Defaulted Amount. On each Business Day, the Servicer will calculate the principal amount of: (i) Eligible Advances and (ii) Advances that have been recorded as "non-accrual" in accordance with the Servicer's normal servicing procedures, but which would be Eligible Advances if they were not recorded as "non-accrual," for the then current, or related Settlement Period, as appropriate, that will be charged off as uncollectible in accordance with the Servicer's customary and usual policies and procedures (such amount referred to as the "Defaulted Amount"); provided however, that if an Event of Termination has occurred and is continuing, Defaulted Amounts shall not include the principal amount of Advances that are attributable to loans classified as non-accrual at the time the Event of Termination occurred. A portion of the Defaulted Amount will be allocated to each Series of Certificateholders and the Holder of the Variable Funding Certificate in an amount equal to the product of that Series' Invested Percentage applicable during the related Settlement Period and the amount of the Defaulted Amount for such Settlement Period in accordance with Section 4.05 hereof. Notwithstanding the foregoing, if there is a charge-off with respect to Advances under a Contract which have been recorded as non-accrual in accordance with the Servicer's normal servicing procedure, and (i) all of such Advances would be Eligible Advances if they were not recorded as non-accrual, then the entire amount of such charge-off shall be included in the Defaulted Amount, or (ii) a portion of such Advances would be Eligible Advances if they were not recorded as non-accrual, then such charge-off shall be allocated proportionately between (a) the portion of Advances under such Contract which would be Eligible Advances (which allocation will be included in the Defaulted Amount) and (b) the portion of Advances under such Contract which would not be Eligible Advances (which allocation will not be included in the Defaulted Amount) or (iii) none of such Advances would be Eligible Advances if they were not recorded as non-accrual, then no portion of such charge-off will be included in the Defaulted Amount.
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Defaulted Amount. If the Company defaults with respect to payment (whether a Minor or Major Payment Default) on the Securities, (“Defaulted Amount”) such Defaulted Amount shall cease to be payable to the Security Holder on the relevant record date and shall be paid by the Company, at its election, under either (a) or (b) below:
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Defaulted Amount. Defaulted Amount" means, with respect to any Lender at any time, ------------------ any amount required to be paid hereunder or under any other Loan Document by such Lender to the Agent or any other Lender that has not been so paid.
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Related to Defaulted Amount

  • Defaulted Amounts If the Company fails to pay any amount (a “Defaulted Amount”) payable on a Note on or before the due date therefor as provided in this Indenture, then, regardless of whether such failure constitutes an Event of Default, (i) such Defaulted Amount will forthwith cease to be payable to the Holder of such Note otherwise entitled to such payment; (ii) to the extent lawful, interest (“Default Interest”) will accrue on such Defaulted Amount at a rate per annum equal to the rate per annum at which Stated Interest accrues, from, and including, such due date to, but excluding, the date of payment of such Defaulted Amount and Default Interest; (iii) such Defaulted Amount and Default Interest will be paid on a payment date selected by the Company to the Holder of such Note as of the Close of Business on a special record date selected by the Company, provided that such special record date must be no more than fifteen (15), nor less than ten (10), calendar days before such payment date; and (iv) at least fifteen (15) calendar days before such special record date, the Company will send notice to the Trustee and the Holders that states such special record date, such payment date and the amount of such Defaulted Amount and Default Interest to be paid on such payment date.

  • Defaulted Lenders The failure of any Defaulted Lender to make any payment required by it hereunder shall not relieve any other Lender of its obligations to make payment, but neither any other Lender nor Agent shall be responsible for the failure of any Defaulted Lender to make any payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Defaulted Lender shall not have any voting or consent rights under or with respect to any Financing Document or constitute a “Lender” (or be included in the calculation of “Required Lenders” hereunder) for any voting or consent rights under or with respect to any Financing Document.

  • Date and Denomination of Notes; Payments of Interest and Defaulted Amounts (a) The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face of such Note. Accrued interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month.

  • Payment of Interest; Defaulted Interest Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

  • Reallocated Principal Collections On each Distribution Date, the Servicer shall apply, or shall cause the Trustee to apply by written instruction to the Trustee substantially in the form of Exhibit B, Reallocated Principal Collections with respect to such Distribution Date, to make the following distributions or deposits in the following order of priority:

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