Net Recovery Amount definition

Net Recovery Amount means, as of any date of determination, the amount of the recovery in respect of Eligible Appraised Vehicles on a “net orderly liquidation value” basis, in each case as set forth in the Current Appraisal, net (without duplication) of all operating expenses, liquidation expenses and commissions.
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Net Recovery Amount is Calculated as Follows: The amount of recovery; plus the amount you recovered from any other source such as other insurance as a result of the illness or injury; Minus the difference between the total amount of third-party related health expenses incurred prior to the recovery and the benefits we paid before the recovery toward such cost; Minus the amount you reimbursed to us out of the recovery for benefits we paid before the recovery; Minus the total expenses paid by you when getting the recovery such as reasonable attorney fees and court expenses; shall equal the “net recovery amount.” Workers’ Compensation‌ We do not cover any work-related illness, injury, or disease that is caused by any for-profit activity, whether through employment or self-employment. The only exceptions are: • You are the owner, officer, or partner of the employer group, are injured in the course of employment with the covered employer group, and are otherwise exempt from the applicable state or federal workers’ compensation insurance program; • The appropriate state or federal workers’ compensation insurance program has determined that coverage is not available for your injury; and • If you are employed by an Oregon domiciled group, have timely filed an application for coverage with the State Accident Insurance Fund or other Workers’ Compensation carrier, and are waiting for determination of coverage from that entity. If you are not an owner, officer, or partner of the employer group, then we may pay your medical claims if a workers’ compensation claim has been filed and is not yet accepted or has been denied and is under appeal, according to the provisions of this certificate. We will not cover any claims that are resolved related to a disputed claim settlement. We do not cover any services or supplies received for work-related injuries or illnesses when you have an accepted condition, even when the service or supply is not a covered benefit under your Workers’ Compensation coverage. This provision applies if you have made or are entitled to make a claim for workers’ compensation. Benefits for treatment of an illness or injury arising out of or in the course of employment or self-employment for wages or profit are subject to review for proper adjudication. Services can be subject to additional recovery. The only exception would be if you are exempt from state or federal workers’ compensation. Here are Some Rules, Which Apply in Situations Where a Workers’ Compensation Claim ha...
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Net Recovery Amount is Calculated as Follows: the amount of recovery; plus the amount you recovered from any other source such as other insurance as a result of the illness or injury; Minus the difference between the total amount of third-party related health expenses incurred prior to the recovery and the benefits we paid before the recovery toward such cost; Minus the amount you reimbursed to us out of the recovery for benefits we paid before the recovery; Minus the total expenses paid by you when getting the recovery such as reasonable attorney fees and court expenses; shall equal the “net recovery amount.”
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Examples of Net Recovery Amount in a sentence

  • For purposes of this schedule, liquidated is defined as inventory that has been sold or has been otherwise disposed of.o In the case of involuntary terminations, loans should be reported for up to 24 months following termination, until the data on the specified fields: Line item #93 (Total Debt at Time of any Involuntary Termination), Line item #94 (Net Recovery Amount), Line item # 95 (Credit Enhanced Amount), and Line item #121 (Sales Price of Property) are available to report.

  • The amount remaining after those payments shall be the ―Net Recovery Amount‖ which shall be allocated as follows: 3.1 In the event of a Settlement within twelve month of the Effective Date, 20% of Net Recovery Amount to Funder and the remainder to the Claimant, provided however that the total Recovery Amount payable to the Funder pursuant to section 1 and this section 3.1 shall not exceed 25% of the Award less the Expenses.

  • In each OATT rate case following the receipt of each Net Recovery Amount (but only for such rate cases initiated before the capital costs of the ON Line are fully depreciated), (i) NV Energy’s gross transmission plant investment shall be reduced for ratemaking purposes by the applicable Net Recovery Amount, and (ii) the associated accumulated depreciation reserve and depreciation expense for transmission plant shall be based on such adjusted gross transmission plant investment.

  • For any recovery by NV Energy that is not in the form of cash, NV Energy shall assign a Net Recovery Amount that is a reasonable cash equivalent of the net value received by NV Energy.

  • In connection with the first OATT rate case following the receipt of each specific Net Recovery Amount, if the effective date of the proposed transmission rates is later than the receipt of the Net Recovery Amount, each OATT customer shall receive a one-time billing credit for the period from the receipt of the Net Recovery Amount to the effective date of the rates (a “Credit Period”).

  • Additionally, NV Energy may not in any OATT rate case seek to double recover expenses associated with recovery of WIV-Related Costs as both an expense in any applicable rate case test year and in the calculation of a Net Recovery Amount set out above.

  • Enter sales reported to you on Forms 1099-B and 1099-S: Enter the sales NOT reported on Forms 1099-B and 1099-S: SALE/PURCHASE OF PERSONAL RESIDENCE Provide closing statements (HUD-1) on purchase and sale of old residence and purchase of new residence.

  • However, the behavior intervention plan was not very effective in controlling Student‟s maladaptive behaviors.

  • The base Funding Compensation Percentage is 5.545% of the Net Recovery Amount, which is defined as the difference between the proceeds of the judgment or settlement amount (if the settlement is $1 billion or more) and certain costs and expenses.

  • If the case settles for less than $1 billion, then the Net Recovery Amount is deemed to be $1 billion for purposes of calculating Burford's recovery.”).


More Definitions of Net Recovery Amount

Net Recovery Amount means: (i) the gross amount of any recovered Restitution Payment as described in Section 5 hereof; minus (ii) the reasonable third-party expenses incurred by MB Bank relating to the recovery under subpart (i) hereof.
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Net Recovery Amount means at any given time the Value of Eligible Inventory multiplied by the Net Recovery Cost Percentage.
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Net Recovery Amount means the net orderly liquidation value of Eligible FF&E based on the most recent appraisal of such Eligible FF&E, as reasonably determined in a manner acceptable to the Administrative Agent in its Permitted Discretion (including as to separate categories of Equipment, as required by the Administrative Agent) by an appraiser reasonably acceptable to the Administrative Agent, net of operating expenses, liquidation expenses and commissions reasonably anticipated in the disposition of such assets.
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Related to Net Recovery Amount

  • Recovery Amount means, with respect to any period prior to the Termination Date, the amount of collected funds received by the Assuming Institution that (i) are applicable against a Foreclosure Loss calculated in accordance with Exhibits 2c(1)-(3), or (iii) gains realized from a Section 4.1 sale of Single Family Shared-Loss Loans for which the Assuming Institution has previously received a Restructuring Loss payment from the Receiver (iv) or any incentive payments from national programs paid to an investor or borrower on loans that have been modified or otherwise treated (short sale or foreclosure) in accordance with Exhibit 5.

  • Principal Recovery Amount With respect to each Payment Date, the sum of: (a) the aggregate amount of Credit Event Net Losses for all Reversed Credit Event Reference Obligations for the related Reporting Period; (b) subsequent recoveries on any Reference Obligation that became a Credit Event Reference Obligation on a prior Payment Date; (c) the aggregate amount of the Credit Event Net Gains of all Credit Event Reference Obligations for the related Reporting Period; (d) the Origination Rep and Warranty/Servicing Breach Settlement Amount for such Payment Date; and (e) the Projected Recovery Amount.

  • Projected Recovery Amount The fair value of the estimated amount of subsequent recoveries, determined by Freddie Mac on the Termination Date, at its sole discretion, on the Credit Event Reference Obligations.

  • 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 Percentage means, at any time, the fraction, expressed as a percentage, (a) the numerator of which is the amount equal to the recovery in respect of Eligible Inventory at such time on a net orderly liquidation value basis as set forth in the most recent acceptable appraisal of Eligible Inventory received by the Administrative Agent, net of operating expenses, liquidation expenses and commissions, and (b) the denominator of which is the applicable original Value of the aggregate amount of the Inventory subject to such appraisal.

  • Net Recoveries means gross Recoveries during any Calendar Quarter minus Reimbursable Expenses during such Calendar Quarter.

  • S&P Recovery Rate With respect to a Collateral Obligation, the recovery rate set forth in Section 1 of Schedule 4 using the Initial Rating of the most senior Class of Secured Notes Outstanding at the time of determination.

  • Class C Unpaid Realized Loss Amount As of any Distribution Date, the excess of (1) the Class C Applied Realized Loss Amount over (2) the sum of (x) all distributions in reduction of the Class C Unpaid Realized Loss Amounts on all previous Distribution Dates and (y) all increases in the Certificate Principal Balance of such Class C Certificates pursuant to the last sentence of the definition of "Certificate Principal Balance."

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Unpaid Realized Loss Amount With respect to any Class A Certificates and as to any Distribution Date, is the excess of Applied Realized Loss Amounts with respect to such Class over the sum of all distributions in reduction of the Applied Realized Loss Amounts on all previous Distribution Dates. Any amounts distributed to the Class A Certificates in respect of any Unpaid Realized Loss Amount shall not be applied to reduce the Certificate Principal Balance of such Class.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Moody’s Recovery Rate With respect to any Collateral Obligation, as of any date of determination, the recovery rate determined in accordance with the following, in the following order of priority:

  • Negative Carry Amount shall have the meaning specified in subsection 4.10(a) of the Agreement.

  • Net Receivables Pool Balance means, at any time: (a) the Outstanding Balance of Eligible Receivables then in the Receivables Pool minus (b) the Excess Concentration.

  • Applied Realized Loss Amount With respect to any Distribution Date, the amount, if any, by which, the sum of (i) the Aggregate Certificate Principal Balance and (ii) the Class C Certificate Principal Balance after distributions of principal on such Distribution Date exceeds the aggregate Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

  • Net Liquidation Percentage means the percentage of the book value of Borrowers’ Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory net of all associated costs and expenses of such liquidation, such percentage to be as determined from time to time by an appraisal company selected by Agent.

  • Net Receivables Balance means, at any time, the aggregate Outstanding Balance of all Receivables that are Eligible Receivables at such time reduced by (i) the aggregate amount by which the Outstanding Balance of all Receivables that are Eligible Receivables of each Obligor and its Affiliates exceeds the Concentration Limit for such Obligor and (ii) the aggregate Contractual Dilution Reserves for all Eligible Receivables of all Obligors.

  • Applied Loss Amount With respect to any Distribution Date, the amount, if any, by which (x) the aggregate Certificate Principal Amount of the Certificates after giving effect to all Realized Losses incurred with respect to the Mortgage Loans during the related Collection Period and distributions of principal on such Distribution Date, but before giving effect to any application of the Applied Loss Amount with respect to such date, exceeds (y) the Pool Balance for such Distribution Date.

  • Net salvage value means the salvage value of property retired less the cost of removal.

  • Subsequent Recoveries As to any Distribution Date, with respect to a Liquidated Mortgage Loan that resulted in a Realized Loss in a prior calendar month, unexpected amounts received by the Master Servicer (net of any related expenses permitted to be reimbursed pursuant to Section 3.08) specifically related to such Liquidated Mortgage Loan.

  • Net Realized Losses For any Class of Certificates and any Distribution Date, the excess of (i) the amount of Realized Losses previously allocated to that Class over (ii) the amount of any increases to the Class Certificate Principal Balance of that Class pursuant to Section 5.08 due to Recoveries.

  • 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.

  • Pool Balance means, as of any date, the aggregate Principal Balance of the Receivables (exclusive of all Administrative Receivables for which the Servicer has paid the Administrative Purchase Payment, Warranty Receivables for which the Seller has paid the Warranty Purchase Payment and Defaulted Receivables) as of the close of business on such date.