Net Recoveries definition

Net Recoveries means gross Recoveries during any Calendar Quarter minus Reimbursable Expenses during such Calendar Quarter.
Net Recoveries has the meaning set forth in Section 2.4(c).
Net Recoveries means the Cash actually received by the Litigation Trust on account of the Recovery Rights, less the cost of recovering such Cash, including, without limitation, all attorneys’ fees and costs of litigation associated with such Recovery Rights.

Examples of Net Recoveries in a sentence

  • Any remainder of the Bank’s Class 1 Secured Claim not paid at Closing shall be paid from the Net Recoveries of Recovery Actions, after payment of expenses of the Plan Administrator, then payment in full of all Allowed Administrative Claims including Allowed 503(b)(9) Claims, and Allowed Class 2 Priority Claims.

  • In the event that the Allowed 503(b)(9) Claims and Class 2 Priority Claims are not paid in full through the disbursement of Net Recoveries, the Unsecured Creditor Carve-Out shall first be used to pay any remaining Allowed 503(b)(9) Claims then Class 2 Priority Claims in full, with the remainder of the Unsecured Creditor Carve-Out to be used to pay the Allowed Class 3 General Unsecured Claims.

  • Additionally, Net Recoveries on any Recovery Action or Cause of Action, received by the Debtor (or the Plan Administrator, after the Effective Date), shall be used to fund expenses of the Plan Administrator, then for additional distributions first to non- professional Holders of Allowed Administrative Claims including Allowed 503(b)(9) Claims, then to Holders of Allowed Class 2 Priority Claims, and then to the Bank for the remainder of its Class 1 Secured Claim, as explained herein.

  • In the event that any Allowed Priority Claim was not paid in full at the time of the Closing, Allowed Priority Claims shall be paid from either (i) the Net Recoveries of all Recovery Actions pursued by the Plan Administrator, after payment of expenses of the Plan Administrator and payment in full of all Allowed Administrative Claims including Allowed 503(b)(9) Claims, or (ii) the Unsecured Creditor Carve-Out.


More Definitions of Net Recoveries

Net Recoveries means, with respect to any Monthly Period, the -------------- excess, if any, of Recoveries collected during such Monthly Period over the ---- aggregate amount of Receivables in Defaulted Accounts charged off during such Monthly Period.
Net Recoveries. With respect to any Charged-Off HELOC, Recoveries net of unreimbursed Servicing Fees with respect thereto.
Net Recoveries means the net proceeds of the liquidation of the Assets of the Debtors after payment of all necessary and actual fees and expenses associated with the liquidation of such Assets.
Net Recoveries. With respect to any Charged-Off Mortgage Loan, Recoveries net of unreimbursed Master Servicing Fees with respect thereto.
Net Recoveries means, with respect to any ASA Measuring Period, an amount equal to the positive difference (if any) of (a) the amount of Recoveries received in that ASA Measuring Period minus (b) the amount of Receivables that became Write-Offs in that ASA Measuring Period.
Net Recoveries all monies collected by the Seller, the Servicer or any other Person (from whatever source, including, without limitation, from the refinancing of the related Financed Aircraft) on account of a Defaulted Receivable (including, without limitation, from the sale or other disposition of the Financed Aircraft) net of any expenses incurred by the Seller, the Servicer or such Person in connection with the collection on such Defaulted Receivable and the refurbishment, disposition or disposal of the related Financed Aircraft.
Net Recoveries means all Cash proceeds received before and after the