Gross Amount Due definition

Gross Amount Due means (i) with respect to any Receivable, the principal amount (net of any write-offs) due and to become due on such Receivable, (ii) with respect to any DBP Lead Receivable, the initial amount of such DBP Lead Receivable minus all Collections on such DBP Lead Receivable (net of any writeoffs, but in no event less than zero) and (iii) with respect to the Portfolio of Eligible Receivables, the aggregate of the amounts specified in the preceding clauses (i) and (ii) with respect to the Receivables comprising such Portfolio of Eligible Receivables.
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Examples of Gross Amount Due in a sentence

  • The principal amount of the indebtedness due and to become due on the Portfolio of Eligible Receivables in which an Undivided Interest, or Addition thereto, is being sold to the Buyer will be the amount set forth as the Gross Amount Due on account of the Portfolio of Eligible Receivables in the Settlement Statement to be furnished pursuant to Section 4.

  • The gross amount due to Nexus is calculated by establishing the period of the error and scaling up as follows:- Contracts Operated x Period x Agreed Error = Gross Amount Due Contracts Checked Each type of error found will be determined on its own merit with the Contractor.

  • Each such reassignment shall be made for a purchase price (payable by the Seller upon request in immediately available funds) equal to the amount of the Undivided Interest so reassigned multiplied by the Gross Amount Due upon the Portfolio of Eligible Receivables as of the last day of the Settlement Period immediately preceding the date of such reassignment.

Related to Gross Amount Due

  • AMOUNT DUE means, the amount which is the total of the purchase price of the lot and the tax payable on it, which a successful tenderer shall have to pay. The purchase price along with tax payable on the storage / purchased quantity in addition to the notified quantity will also be included in it.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Total Amount Due means the hammer price in respect of the lot sold together with any premium, Value Added Tax chargeable and any additional charges payable by a defaulting buyer under these Conditions;

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Unpaid Realized Loss Amount With respect to any Class of Subordinated Certificates and as to any Distribution Date, is the excess of (i) the Applied Realized Loss Amounts with respect to such Class over (ii) the sum of (a) all distributions in reduction of such Applied Realized Loss Amounts on all previous Distribution Dates, and (b) the amount by which the Class Certificate Balance of such Class has been increased due to the distribution of any Subsequent Recoveries on all previous Distribution Dates. Any amounts distributed to a Class of Subordinated Certificates in respect of any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of such Class.