Net Recovery. Any proceeds received by a Servicer on a delinquent or Charged Off Loan (including any Liquidation Proceeds received on a Charged Off Loan), net of any Servicing Fee, Ancillary Income and any other related expenses.
Net Recovery means any sum received by the Clearing House from or for the account of a Defaulter after the issue by the Clearing House of a Rule 19 Certificate in respect of losses arising upon the Defaulter’s Default less any amount payable to any insurer or provider of analogous services in respect of any amount due from but not previously paid by the Defaulter
Net Recovery is defined in Section 3.7(f).
Examples of Net Recovery in a sentence
The Agency services existing Net Recovery Buyout Recapture Agreements as described in this section.
Any loan, primary loan servicing action, includ- ing Net Recovery Buyout, or interest subsidy received for which there was no authorization, for which the borrower was not eligible, or which was obli- gated from the wrong appropriation or fund.
The debtor will be required to execute a Net Recovery Buy Out Re- capture Agreement, similar to that found in Guide 5 of this subpart (avail- able in any FmHA or its successor agency under Public Law 103–354 Of- fice).
The exe- cuted Net Recovery Buy Out Recapture Agreement will be recorded in the county in which the facility is located.
The Finance Office will credit the ac- counts of debtors who entered into Net Recovery Buy Out Recapture Agree- ments with the amount paid by the debtor (net recovery value).
More Definitions of Net Recovery
Net Recovery means the Covered Person’s Recovery less attorney’s fees and court costs incurred in making the Recovery.
Net Recovery means: 1) the total of all amounts received by settlement, arbitration award or judgment, including any award of lawyer’s fees; 2) minus all costs and expenses as set forth in Paragraph 7. Upon conclusion of the matter, Xxxxxx will provide Client with a written statement stating the outcome of the matter and, if there is a recovery, showing the remittance to Client and the method by which the remittance was calculated. Xxxxxx’s fee shall be calculated as follows:
Net Recovery means the Gross Recovery reduced by the following expenses paid or payable in cash by, or on behalf of, the Payee, to the extent the Plan in its discretion determines them to be necessary to obtain the Gross Recovery, and reasonable in amount:
Net Recovery means the total amount paid or payable to or on behalf of the injured party, less attorney's fees and litigation costs actually expended by or on behalf of the injured party.
Net Recovery shall have the meaning set forth in Section 10.7.
Net Recovery means any sum received by the Clearing House from or for the account of a Defaulter after the issue by the Clearing House of a Rule 19 Certificate in respect of losses arising upon the Defaulter’s Default less any amount payable to any insurer or provider of analogous services in respect of any amount due from but not previously paid by the Defaulter"New Member"means, on the day as at which any Contribution is to be calculated, any Clearing Member which either has become a Clearing Member, or has commenced clearing in respect of the relevant Service, since the immediately preceding day prescribed for calculating similar Contributions"Nominated Group Member"has the meaning assigned to it in Chapter XIV(k)"Non-Affected ForexClear Option Clearing Member"means a ForexClear Option Clearing Member that is not an Affected ForexClear Option Clearing Member"Non-Clearing Participant ("NCP")"means, in respect of a Service, a person (a) who is not a Clearing Member in such Service, (b) whom a Clearing Member has appointed as an NCP, in respect of such Service, in accordance with the Procedures, (c) who has been notified to the Clearing House in accordance with Section 1.2.2 of Section 1 of the Procedures, and (d) whose appointment as an NCP, in respect of such Service, has not been terminated in accordance with Section 1.2.3 of Section 1 of the Procedures"Non-Defaulting FXCCM"means an FXCCM which is not a Defaulter under Rule 4 of the Default Rules"Non-Defaulting Joint Rates Service Clearing Member"means a Joint Rates Service Clearing Member which is not a Defaulter under Rule 4 of the Default Rules"Non-Defaulting Rates Services Clearing Member"means a Rates Service Clearing Member which is not a Defaulter under Rule 4 of the Default Rules"Non-Defaulting RCM"means an RCM which is not a Defaulter under Rule 4 of the Default Rules"Non-Defaulting SCM"means an SCM which is not a Defaulter under Rule 4 of the Default Rules"Non-Eligible Listed Interest Rates Contract"means those Listed Interest Rates Contracts other than Eligible Listed Interest Rates Contracts
Net Recovery means the total value received by the City after the payment of attorney fees and costs.