NPV Test definition

NPV Test means the calculation and comparison of the net present value ("NPV") of a modification versus the NPV of conducting no modification as to the same mortgage loan. The calculation of NPV is arrived at using a proprietary formula developed by Xxxxx Fargo. If the NPV of the modification would be greater than the NPV if there was no modification, the result is deemed "positive." If the NPV of the modification would be less than the NPV if there was no modification, the result is deemed "negative."
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NPV Test means the calculation and comparison of the net present value (‘NPV’) of
Sample 1
NPV Test means the calculation and comparison of the net present value (“NPV”) of conducting a modification of a Pick-a-Payment mortgage loan versus the NPV of not conducting a modification of the same Pick-a-Payment mortgage loan. The calculation of NPV is arrived at using a proprietary formula developed by Defendants and will be disclosed to Class Counsel (subject to an appropriate protective order) and to the Court, in camera, for approval by the Court. If the NPV of the modification would be greater than the NPV if there was no modification, the result is deemed “positive.” If the NPV of the modification would be less than the NPV if there was no modification, the result is deemed “negative.”
Sample 1

Examples of NPV Test in a sentence

  • Other relevant informationOG.6.1.1 NPV Test (passed/failed)OG.6.1.2 Interest Covereage Test (passe/failed)OG.6.1.3 Cash ManagerOG.6.1.4 Account BankOG.6.1.5 Stand-by Account BankOG.6.1.6 ServicerOG.6.1.7 Interest Rate Swap ProviderOG.6.1.8 Covered Bond Swap ProviderOG.6.1.9 Paying AgentOG.6.1.10 Other optional/relevant informationOG.6.1.11OG.6.1.12OG.6.1.13OG.6.1.14OG.6.1.15OG.6.1.16OG.6.1.17OG.6.1.18OG.6.1.19OG.6.1.20OG.6.1.21OG.6.1.22OG.6.1.23Field7.

  • Error in the Initial NPV Test An error in an initial NPV Test could be identified by the servicer itself, by the borrower upon receipt of a Dodd-Frank Denial Letter, or by MHA-C during an onsite audit.

  • Discussion took place on the levee stabilization project on Fremont Rod & Gun Club property that LPNNRD, Fremont and Dodge County assisted with emergency repair (each contributed $36,077.50).

  • Carried forwardAction 0302: Ofgem Update - Decision to reject Uniform Network Code (UNC) 667: Inclusion and Amendment of the Entry Incremental Capacity Release Net Present Value test in the Uniform Network Code: With reference to the NPV Test to progress decarbonisation, Ofgem to provide clarity on the direction of travel.Update: This action relates to Action 0301 and has the same update.

  • If the NPV Test is negative, the servicer may, at the servicer’s option, offer the homeowner a modification under the Modification Program unless prohibited by the relevant servicing agreement.

  • Standard NPV Test: In order to promote consistency and simplicity in implementa- tion and audit, a standard test comparing the expected net present value (NPV) of modifying past due loans compared to the strategy of foreclosing on them will be ap- plied.

  • The NPV Test will compare the net present value (“NPV”) of cash flows expected from a modification (consideration of principal forgiveness is not required for this purpose) with the NPV of the cash flows expected from foreclosing on the mortgage loan.7 If the NPV of the modification scenario is greater, the NPV Test is positive, and the servicer will be required to offer the homeowner a modification under the Modification Program.

  • Interestingly the kitenge, as a simple cloth/wrap-over becomes a code of identity.

  • The servicer must make a determination that a payment default is imminent prior to sending a firm offer to a borrower.Net Present Value (NPV) Test A NPV test is required for all Fannie Mae mortgage loans; however, the results of the NPV test must not be used to make the modification determination for mortgage loans in any MBS Trust or any other Fannie Mae loans.A standardized NPV model (the GSE AVM), to be published separately, will be provided for use by servicers.

  • Participating servicers must modify all eligible loans that pass the NPV Test (discussed below) unless (i) there is reasonable evidence indicating the borrower submitted false or misleading information or otherwise engaged in fraud in connection with the modification or (ii) the servicing contract prohibits the modification.

Related to NPV Test

  • DNS test Means one non-­‐recursive DNS query sent to a particular “IP address” (via UDP or TCP). If DNSSEC is offered in the queried DNS zone, for a query to be considered answered, the signatures must be positively verified against a corresponding DS record published in the parent zone or, if the parent is not signed, against a statically configured Trust Anchor. The answer to the query must contain the corresponding information from the Registry System, otherwise the query will be considered unanswered. A query with a “DNS resolution RTT” 5 times higher than the corresponding SLR, will be considered unanswered. The possible results to a DNS test are: a number in milliseconds corresponding to the “DNS resolution RTT” or, undefined/unanswered.

  • RDDS test Means one query sent to a particular “IP address” of one of the servers of one of the RDDS services. Queries shall be about existing objects in the Registry System and the responses must contain the corresponding information otherwise the query will be considered unanswered. Queries with an RTT 5 times higher than the corresponding SLR will be considered as unanswered. The possible results to an RDDS test are: a number in milliseconds corresponding to the RTT or undefined/unanswered.

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • Fit test means the use of a protocol to qualitatively or quantitatively evaluate the fit of a respirator on an individual.

  • COVID-19 test means a viral test for SARS-CoV-2 that is:

  • Asset Test means, for an Asset Review, each Test, as defined in the Asset Representations Review Agreement, in Schedule A to the Asset Representations Review Agreement to be performed by the Asset Representations Reviewer on the related Asset Review Receivables.

  • Screening Test means a drug or alcohol test which uses a method of analysis allowed by the Minnesota Drug and Alcohol Testing in the Workplace Act to be used for such purposes.

  • Coverage Test means each of the Class A/B Par Value Test, the Class A/B Interest Coverage Test, the Class C Par Value Test, the Class C Interest Coverage Test, the Class D Par Value Test, the Class D Interest Coverage Test, the Class E Par Value Test and the Class E Interest Coverage Test.

  • Drug test means a test designed to detect the illegal use of a controlled substance.

  • Percolation test means a subsurface soil test at the depth of a proposed absorption system or similar component of an OWTS to determine the water absorption capability of the soil, the results of which are normally expressed as the rate at which one inch of water is absorbed. The rate is expressed in minutes per inch.

  • Start-Up Testing means the completion of applicable required factory and start-up tests as set forth in Exhibit C.

  • Performance Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.

  • Cannabis testing facility means an entity registered by

  • Plant Test Date or "PTD" means the date acceptance testing is performed with CLEC. "Point of Interface", "Point of Interconnection," or "POI" is a demarcation between the networks of two (2) LECs (including a LEC and CLEC). The POI is that point where the exchange of traffic takes place.

  • Coverage Tests The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied to each specified Class or Classes of Secured Debt.

  • Test means such test as is prescribed by the particulars or considered necessary by the Inspecting Officer whether performed or made by the Inspecting Officer or any agency acting under the direction of the Inspecting Officer;

  • Borrowing Base Test means as of any date, a determination that (a) the lesser of (i) the Borrowing Base and (ii) the Facility Amount shall be equal to or greater than (b) the Advances Outstanding.

  • Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test).

  • Commissioning test means tests applied to the Generating Facility, after completion of the construction of the Generating Facility, in order to verify that the Generating Facility may be released for Operation.

  • Genetic test means an analysis of human DNA, RNA, chromosomes, proteins, or metabolites, that detect genotypes, mutations, or chromosomal changes. The term “genetic test” does not mean an analysis of proteins or metabolites that does not detect genotypes, mutations, or chromosomal changes; or an analysis of proteins or metabolites that is directly related to a manifested disease, disorder, or pathological condition that could reasonably be detected by a health care professional with appropriate training and expertise in the field of medicine involved.

  • Collateral Quality Test means a test that is satisfied if, as of any date of determination, in the aggregate, the Collateral Loans owned (or in relation to a proposed acquisition of a Collateral Loan, both owned and proposed to be owned) by the Borrower satisfy each of the tests set forth below, calculated in each case in accordance with Section 1.3:

  • Drug use test means a scientifically substantiated method to test for the presence of illegal or performance-enhancing drugs or the metabolites thereof in a person’s urine.

  • Delinquency Test means, for any Payment Date, a test that will be satisfied if

  • Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

  • Critical Test Concentration or "(CTC)" means the specified effluent dilution at which the Permittee is to conduct a single-concentration Aquatic Toxicity Test.

  • Performance Tests means the tests to be conducted on the equipment at site for checking the performance parameters of the equipment as defined in Technical Specification.