Net Charge-Offs definition
Net Charge-Offs means, with respect to any period, an amount equal to the aggregate amount of Charge-Offs for such period less the amount of Recoveries for such period.
Net Charge-Offs for any period means the aggregate amount of all unpaid payments due under Contracts which have been charged off by the Borrower during such period, as reduced by the amount of all cash recoveries (during such period) with respect to Contracts which had been charged off during previous periods or during such period. In computing the amount of the charge-offs, all charges made to the dealer reserve or to the dealer’s discount shall be included.
Net Charge-Offs means the aggregate amount of all unpaid payments due under Contracts (other than, for the avoidance of doubt, Permitted Facility Contracts) which have been charged off by the Borrowers during such period, as reduced by the amount of all cash recoveries with respect to Contracts (other than, for the avoidance of doubt, Permitted Facility Contracts) which had been charged off during previous periods or during such period.
Examples of Net Charge-Offs in a sentence
Colonial TTM Net Charge-Offs Percent minus the product of Colonial’s then existing Colonial Loss Reserve Percent multiplied by 120%.
The sum of the Colonial Net Charge-Offs balances for the last twelve months divided by average of Colonial Net Balances in the last 12 months.
Borrower will maintain, as of the end of each fiscal year, a Maximum Net Charge-Offs Ratio (expressed as a percentage) of not greater than 2%.
Prior to the commencement of the Loan Processing Services, FMC shall make a Loss Reserve Account Deposit in the Loss Reserve Account for Projected Net Charge-Offs for the initial Pool.
The Borrower on a consolidated basis will not permit at the end of each Fiscal Quarter the ratio of Net Charge-Offs to Average Loans to exceed 0.50%.
More Definitions of Net Charge-Offs
Net Charge-Offs means Principal Receivables which have been charged off (net of bad debt recoveries).
Net Charge-Offs means, for Matrix Bank and at any time, the sum of its "Gross Charge Offs" minus its "Recoveries," as those items are reflected in its quarterly call reports.
Net Charge-Offs means the total of credit-related losses in excess of recoveries for the unguaranteed portions of SBA 7(a) program loans in the Company’s portfolio for a given period.
Net Charge-Offs means the difference between the sum of the principal and FEES of any TRANSACTIONS which have been charged off less any recoveries, payments or collections on such TRANSACTIONS.
Net Charge-Offs has the meaning specified in the economics schedule attached as Schedule 1.1
Net Charge-Offs. For any Determination Period, the Gross Charge-Offs for such period minus the Recoveries received by ▇▇▇▇▇ for such period.
Net Charge-Offs means for any period the aggregate amount of all unpaid payments scheduled to be made under the Borrower's Contracts which have been charged off by the Borrower during such period, as reduced by the amount of cash actually received by the Borrower during the such period on Contracts which have been charged off during previous periods or such period.