Estimated Remaining Collections means, as of any date, the aggregate amount of gross remaining cash collections which any Credit Party anticipates to receive from a Receivables Portfolio or as otherwise referred to by the Company as the total amount of “Estimated Remaining Gross Collections”, determined and reported by the Company pursuant to its financial statements and other reporting to the holders of Notes as described in Section 7.1 (it being understood and agreed that (i) such amount shall be calculated by the Company in accordance with Agreement Accounting Principles and in a manner consistent with the Company’s past practice and with the methodology used in the reporting of Estimated Remaining Collections in the Company’s public filings with the SEC, (ii) the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained to each holder of Notes in reasonably full detail upon such holder’s request, and (iii) any deviation from the current method and assumptions used in computing Estimated Remaining Collections is subject to approval by the Required Holders in their discretion).
Estimated Remaining Collections means, as of any date, the aggregate amount of gross remaining cash collections which any Loan Party anticipates to receive from a Receivables Portfolio of a Loan Party or as otherwise referred to by the Borrower as the total amount of “Estimated Remaining Gross Collections”, determined and reported by the Borrower pursuant to its financial statements and other reporting to the Lenders as described in Section 5.1 (it being understood and agreed that (i) such amount shall be calculated by the Borrower in accordance with Agreement Accounting Principles and in a manner consistent with the Borrower’s past practice and with the methodology used in the reporting of Estimated Remaining Collections in the Borrower’s public filings with the Securities and Exchange Commission, (ii) the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained to each Lender in reasonably full detail upon such Lender’s request and (iii) any deviation from the current method and assumptions used in computing Estimated Remaining Collections are subject to approval by the Supermajority Lenders in their discretion).
Estimated Remaining Collections means the aggregate gross remaining cash collections which PRA or Portfolio Recovery Associates anticipate to receive from an Asset Pool as reflected in its Level Yield accounting process. Such remaining amounts shall be calculated by PRA or Portfolio Recovery Associates (as the case may be) in accordance with GAAP and in a manner consistent with past practice and with the methodology employed in the reporting of Estimated Remaining Collections in PRA’s public filings; provided, however, the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained by PRA to the Administrative Agent in reasonable detail promptly upon the Administrative Agent’s reasonable request (in addition, at the request of the Administrative Agent, at the time of such explanation to the Administrative Agent or on one additional occasion, PRA will explain the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith to the Lenders present for such explanation). Any material deviation from the current method and assumptions used in computing Estimated Remaining Collections must be acceptable to the Super-Majority Lenders in their sole and absolute discretion. For the avoidance of doubt, it is understood and agreed that “Estimated Remaining Collections” shall not include any Canadian Estimated Remaining Collections.
Examples of Estimated Remaining Collections in a sentence
Unrealized Gross Profit represents the excess difference between the Estimated Remaining Collections and the Basis in Portfolio Assets.
Estimated Remaining Collections represents FirstCity’s share of future projected net cash collections expected from the Portfolios Assets.
Highlights (continued)Non-IFRS financial measuresWe have included certain non-IFRS financial measures in this trading update, including Estimated Remaining Collections (“ERC”), Cash EBITDA and Gross Money Multiples (“GMMs”).
Rich Nelson explained the role of the Board of Adjustment to the scouts.
Notes: Rounded figures; (1) Data does not include assets repossession (through ReoCo and datio in solutum); (2) This includes distressed credits purchased by the Energy desk, which for accounting purposes are recognised at Fair Value (item 120 c) and distressed credit classified as ‘Financial assets measured at fair value through other comprehensive income’ (item 30); (3) Estimated Remaining Collections on booked investments.
More Definitions of Estimated Remaining Collections
Estimated Remaining Collections means, as of any date, the aggregate amount of gross remaining cash collections which any Loan Party anticipates to receive from a Receivables Portfolio or as otherwise referred to by the Borrower as the total amount of “Estimated Remaining Gross Collections”, determined and reported by the Borrower pursuant to its financial statements and other reporting to the Lenders as described in Section 5.1 (it being understood and agreed that (i) such amount shall be calculated by the Borrower in accordance with Agreement Accounting Principles and in a manner consistent with the Borrower’s past practice and with the methodology used in the reporting of Estimated Remaining Collections in the Borrower’s public filings with the Securities and Exchange Commission, (ii) the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained to each Lender in reasonably full detail upon such Lender’s request and (iii) any deviation from the current method and assumptions used in computing Estimated Remaining Collections are subject to approval by the Supermajority Lenders in their discretion).
Estimated Remaining Collections means the aggregate gross remaining cash collections which Borrower or Portfolio Recovery Associates, L.L.C. anticipate to receive from an Asset Pool or as referred to by Borrower or Portfolio Recovery Associates, L.L.C. as the “Level Yield,” determined and reported by Borrower or Portfolio Recovery Associates, L.L.C. pursuant to their financial statements and other reporting to the Banks. Such remaining book balance shall be calculated by Borrower or Portfolio Recovery Associates, L.L.C. (as the case may be) in accordance with GAAP and in a manner consistent with past practice and with the methodology employed in the reporting of Estimated Remaining Collections in Borrower’s public filings. Provided, however, the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained to each Bank in full detail upon any Bank’s request. Any deviation from the current method and assumptions used in computing Estimated Remaining Collections must be acceptable to each Bank in its sole and absolute discretion.
Estimated Remaining Collections means, as of any date of determination, for any Pool then subject to this Agreement, or the aggregate amount of all Pools then subject to this Agreement, as applicable, the Servicer's most recent estimate prior to such date of the remaining amount to be collected over the remaining estimated life of the applicable Pool or Pools, in accordance with its standard valuation process for groups of Consumer Accounts. Unless otherwise agreed to by the Controlling Party and the Servicer, the most recent estimate of the Estimated Remaining Collections of any Pool at any time of determination in accordance with Servicer's standard valuation process shall be the remainder of the Estimated Remaining Collections for such Pool in effect on the date on which such Pool is acquired by the Issuer minus the aggregate amount of collections on Receivables of such Pool received in the Collection Account on or prior to such date of determination.
Estimated Remaining Collections means the aggregate gross remaining cash collections which PRA or Portfolio Recovery Associates anticipate to receive from an Asset Pool or as referred to by PRA or Portfolio Recovery Associates, as the Level Yield. Such remaining amounts shall be calculated by PRA or Portfolio Recovery Associates (as the case may be) in accordance with GAAP and in a manner consistent with past practice and with the methodology employed in the reporting of Estimated Remaining Collections in PRA’s public filings; provided, however, the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained by PRA to the Administrative Agent in reasonable detail upon the Administrative Agent’s request (in addition, at the request of the Administrative Agent, at the time of such explanation to the Administrative Agent or on one additional occasion, PRA will explain the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith to the Lenders present for such explanation). Any material deviation from the current method and assumptions used in computing Estimated Remaining Collections must be acceptable to the Super-Majority Lenders in their sole and absolute discretion.
Estimated Remaining Collections means the aggregate gross remaining cash collections which Borrower or Portfolio Recovery Associates, LLC anticipate to receive from an Asset Pool or as referred to by Borrower or Portfolio Recovery Associates, LLC as the “Level Yield,” determined and reported by Borrower or Portfolio Recovery Associates, LLC pursuant to their financial statements and other reporting to the Bank. Such remaining book balance shall be calculated by Borrower or Portfolio Recovery Associates, LLC (as the case may be) pursuant to a method utilized by Borrower or Portfolio Recovery Associates, LLC (as the case may be) in its past business practices, in accordance with GAAP and in compliance with procedures approved by PriceWaterhouse Coopers, or such other independent certified public accountants chosen by Borrower, who are acceptable to the Bank. Provided, however, the manner and method of computing Estimated Remaining Collections and all assumptions made in connection therewith shall be explained to Bank in full detail upon Bank’s request. Any deviation from the current method and assumptions used in computing Estimated Remaining Collections must be acceptable to Bank in its sole and absolute discretion.
Estimated Remaining Collections. The term "Estimated Remaining Collections" shall mean the aggregate gross remaining cash collections which Borrower or Guarantor anticipates to receive from an Asset Pool or as referred to by Borrower or Guarantor as the "Level Yield", determined and reported by Borrower or Guarantor pursuant to its financial statements and other reporting provided to Lender. Such remaining book balance shall be calculated by Borrower or Guarantor (as the case may be) pursuant to a method utilized by Borrower or Guarantor (as the case may be) in its past business practices, in accordance with GAAP and in compliance with procedures approved by Borrower's or Guarantor's (as the case may be) independent certified public accountants, who are acceptable to Lender.
Estimated Remaining Collections means the aggregate gross remaining cash collections which Borrower or Guarantor anticipates to receive from an Asset Pool or as referred to by Borrower or Guarantor as the "Level Yield", determined and reported by Borrower or Guarantor pursuant to its financial statements and other reporting provided to Lender. Such remaining book balance shall be calculated by Borrower or Guarantor (as the case may be) pursuant to a method utilized by Borrower or Guarantor (as the case may be) in its past business practices, in accordance with GAAP and in compliance with procedures approved by Borrower's or Guarantor's (as the case may be) independent certified public accountants, who are acceptable to Lender.