ERC definition
ERC means emission reductions that have been authorized by a local air pollution control district pursuant to California Division 26 Air Resources; Health and Safety Code Sections 40709 and 40709.5, by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.
ERC means, for any date of calculation, the aggregate amount of estimated remaining collections projected to be received by the Company and its Restricted Subsidiaries from all Right to Collect Accounts and all performing, sub-performing or charged-off accounts, loans, receivables, mortgages, debentures or claims or other similar assets or instruments or portfolios thereof owned by the Company and its Restricted Subsidiaries (excluding, for the avoidance of doubt, any Trust Management Assets and any Right to Collect Accounts, performing, sub-performing or charged-off accounts, cash and bank accounts or other similar assets or instruments which are (or will be) held on trust for a third party which is not the Company or any Restricted Subsidiary) during the period of 84 months, as calculated by the Portfolio ERC Model, as of the last day of the month most recently ended prior to the date of calculation.
ERC means Estimated Remaining Collections. See the glossary of alternative performance measures on page 34 for the definition of 84-month ERC and 120-month ERC.
Examples of ERC in a sentence
The Stockholders shall be entitled to directly communicate with the IRS regarding any ERC, without providing any notice or obtaining any consent of Purchaser or any other person, whether before or after the Closing Date.
If any ERC is paid after the Closing, and the Purchaser shall promptly pay the full amount of the ERC received (or cause the full amount of the ERC received to be paid) to the Stockholders, in immediately available funds, on a pro rata basis (as based on the Stockholders’ previously-held Allocated Shares).
No ERC payment shall constitute, reduce, or otherwise affect the Aggregate Merger Consideration, nor be subject to any right of setoff.
If any ERC is paid after the date of this Agreement, but prior to the Closing, the Company shall be entitled to distribute such payment to the Stockholders on a pro rata basis.
More Definitions of ERC
ERC means, for any date of calculation, the aggregate amount of estimated remaining collections projected to be received by the Company and its Restricted Subsidiaries from all Right to Collect Accounts and all performing, sub‑performing or charged‑off accounts, loans, receivables, mortgages, debentures or claims or other similar assets or instruments or portfolios thereof owned by the Company and its Restricted Subsidiaries (excluding, for the avoidance of doubt, any Trust Management Assets and any Right to Collect Accounts, performing, sub‑performing or charged‑off accounts, cash and bank accounts or other similar assets or instruments which are (or will be) held on trust for a third party which is not the Company or any Restricted Subsidiary) during the period of 84 months, as calculated by the Portfolio ERC Model, as at the last day of the month most recently ended prior to the date of calculation.
ERC. ’ means estimated remaining collections, which are the future collections projected to be received on all of the Group’s purchased debt portfolios based on its forecasting models. Group ERC (as a combined metric) as of September 30, 2017 was calculated, without adjustment, by adding our UK Division’s ERC (based on a 120-month period) to our DACH Division’s ERC (based on a 180-month period) translated into pounds sterling at the applicable rate, and is presented for illustrative purposes only. Group ERC is not intended to be a projection of future results. Future results may vary significantly from the results reflected in the above table because of various factors, including those discussed in ‘‘Risk Factors.’’
ERC shall have the meaning ascribed to it under Clause 14.4.1 (Financial definitions).
ERC means the sum of all future estimated remaining collections from Portfolios for the next following 120 months.
ERC means estimated remaining collections, meaning the gross remaining cash collections which the Security Portfolio Owners anticipate to receive from the Total Loan Portfolios (excluding such Total Loan Portfolios which is subject to or otherwise affected by an Encumbrance permitted under (d) of the definition of Permitted Encumbrance or held by a company over which such an Encumbrance exists) calculated in accordance with the Accounting Principles on a gross basis for a maximum of a rolling hundred and eighty (180) months forward looking period.
ERC means expected revenue from tariff and charges that a licensee is permitted to recover;
ERC means Encounter Rate Clinic.