Expected Collections definition

Expected Collections means an amount, as determined by the Servicer and as set out in each Servicer Report, equal to the sum of (i) the expected monthly instalments to be received in relation to the Financing Contracts underlying the Purchased Receivables and

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Expected Collections. On any date of determination, for any Non-Blocked Account Property, (a) if such Property is a Non-Stabilized Property, an amount equal to the excess of the annual rent on such Property (in an amount assumed to be equal to the market rental amount for such Property set forth in the BPO for such Property) over the annual Approved Budget (less all amounts included therein in respect of real estate taxes, other governmental assessments and insurance premiums) for such Property and (b) if such Property is a Stabilized Property, an amount equal to the excess of the annual rent (as provided for in the related Lease) over the annual Approved Budget (less all amounts included therein in respect of real estate taxes, other governmental assessments and insurance premiums) for such Property. Expected Collections will be revised as necessary based upon the most recent Approved Budget.

Expected Collections means an amount, as determined by the Servicer and as set out in each Monthly Investor Report, equal to the sum of (i) the expected monthly Instalments to be received in relation to the Financing Contracts underlying the Purchased Receivables and (ii) the expected monthly prepayments calculated on the basis of a 12 month annualised constant prepayment rate which will be determined by the Servicer on the first Business Day on which the Monthly Remittance Condition is no longer satisfied and which will be re-determined by the Servicer on 25 November (or the next following Business Day) in each calendar year.

Examples of Expected Collections in a sentence

For any Borrowing Date and any Non-Blocked Account Properties related to the Advance requested for such Borrowing Date, an amount equal to the sum of (a) one-quarter of the aggregate Expected Collections in respect of such Non-Blocked Account Properties and (b) the Monthly Net Cash Flow Reserve Account Shortfall Amount on such Borrowing Date.
An amount, determined on any day after the One Year Test Date, equal to one-half of the aggregate Expected Collections in respect of the portion of the Non-Blocked Account Properties (determined as of such date of determination) that would, if they were Blocked Account Properties on such date, cause the Blocked Account One Year Requirement to be satisfied on such date of determination.
An amount, determined on the Ninety Day Test Date, equal to one-half of the aggregate Expected Collections in respect of the portion of the Property Manager Acknowledgment Properties (determined as of the Ninety Day Test Date) that would, if they were Property Manager Acknowledgment Properties on such date, cause the Property Manager Acknowledgement Ninety Day Requirement to be satisfied.

More Definitions of Expected Collections

Expected Collections. On any date of determination, for any Non-Blocked Account Property, (a) if such Property is a Non-Stabilized Property, an amount equal to the excess of the annual rent on such Property (in an amount assumed to be equal to the market rental amount for such Property set forth in the BPO for such Property) over the annual Approved Budget (less all amounts included therein in respect of real estate taxes, other governmental assessments and insurance premiums) for such Property and (b) if such Property is a Stabilized Property, an amount 53570.000371 EMF_US 44362017v35 equal to the excess of the annual rent (as provided for in the related Lease) over the annual Approved Budget (less all amounts included therein in respect of real estate taxes, other governmental assessments and insurance premiums) for such Property. Expected Collections will be revised as necessary based upon the most recent Approved Budget.

Expected Collections means, for any date, the aggregate amount of the Expected Pool Collections for all Pools.

Expected Collections means an amount, as determined by the Servicer and as set out in each Monthly Investor Report, equal to the sum of (i) the expected monthly instalments to be received in relation to the Loan Contracts underlying the Purchased Receivables and (ii) the expected monthly prepayments, calculated on the basis of a constant prepayment rate of 10.00 per cent.