Re-Aged definition
Re-Aged means returning a delinquent, open-end account to current status without collecting the total amount of principal, interest, and fees that are contractually due.
Re-Aged means returning a delinquent, open-end account to current status without collecting the total amount of principal, interest, and fees that are contractually due. For the avoidance of doubt, any Receivable subject to a Material Modification (in accordance with the Underwriting Policies) shall not be considered to be Re-Aged for purposes hereof unless subsequent to such Material Modification the Receivable becomes a Delinquent Receivable and it is then returned to current status without collecting the total amount of principal, interest, and fees that are contractually due.
Re-Aged means returning a Loan Asset to current status that was delinquent as at the prior month end, in accordance with the Credit and Collections Policies, without collecting the total amount of principal, interest, and fees that are contractually due; provided that once such a Loan Asset has remained current for at least twelve (12) consecutive months, it shall cease to be considered “Re-aged”.
More Definitions of Re-Aged
Re-Aged means returning a Series 2021-1 Loan to current status that was delinquent as at the prior month end, in accordance with the Credit and Collection Policies, without collecting the total amount of principal, interest, and fees that are contractually due; provided that once such a Series 2021-1 Loan has remained current for at least twelve (12) consecutive months, it shall cease to be considered “Re-aged”.
Re-Aged means returning a Loan Asset to current status that was delinquent as at the prior month end, in accordance with the Credit and Collections Policies, without collecting the total amount of principal, interest, and fees that are contractually due; provided that once such a Loan Asset has remained current for at least twelve (12) consecutive months, it shall cease to be considered “Re-aged”. “Receivables” has the meaning given to such term in the Sale and Servicing Agreement. “Receivables Agreement” means in respect of any Loan Asset, the contract, document or instrument (including those evidencing the Loan Asset) to which the Loan Asset Obligor is bound and which provides for the Receivables with respect thereto. “Records” has the meaning given to such term in the Sale and Servicing Agreement. “Register” has the meaning set forth in Section 0. “Related Agreements” means, collectively the Organizational Documents of the Borrower, the Servicing Agreements and the Related Documents. “Related Documents” has the meaning given to such term in the Sale and Servicing Agreement. “Relevant Governmental Body” means the Bank of Canada, or a committee officially endorsed or convened by the Bank of Canada, or any successor thereto. “Replacement Lender” has the meaning set forth in Section 0.
Re-Aged or “Re-aging” means an adjustment of the present or past delinquent status of an Account.
Re-Aged or “Re-aging” means an adjustment of the present or past delinquent status of an Account. “Receivables” means any and all unpaid amounts owed by the Cardholders under all of the Accounts including any and all amounts owed for the purchase of goods and services, accrued periodic finance charges (both billed and unbilled) and late charges, and any and all other fees, expenses or charges of every nature, kind and description whatsoever. “Reference Date” means April 30, 2023. “Required Consents and Authorizations” means those Consents and Authorizations listed and described in Section 8.1(c) of the Seller Disclosure Letter. “Resolution Period” has the meaning specified in Section 2.4(c)(ii). “Restricted Activities” means the business of (i) providing point-of-sale financing to consumers for the purchase of goods and services from retailers, and (ii) issuing credit cards to prime consumers through points-of-sale integrated into retailers, but excludes (A) ancillary business activities, including loan warehousing, loan securitization, and software development, and (B) except as prohibited by the foregoing clauses (i) and (ii), any business activities carried on by the Seller or its Affiliates. “Restricted Cash” means Cash of the Group Companies in the accounts set out in Schedule “A” that is restricted or trapped, or any other amounts not freely available, including those amounts required to be maintained under any warehouse or credit facility agreements, including the “Revolving Loan Warehouse Facility under a Fifth Amended and Restated Credit Agreement” and “Flexiti Financial Inc. – Series 2021-1 Securitization Issuance by Flexiti Securitization Limited Partnership of Class A and Class B Floating Rate Debt Securities” or under any derivative financial instruments agreements. “Restricted Period” means the period beginning as of the Closing Date and ending five (5) years after the Closing Date. “Restricted Territory” means Canada.
Re-Aged means returning a delinquent, open-end account to current status without collecting the total amount of principal, interest, and fees that are contractually due. For the avoidance of doubt, any Receivable subject to a Material Modification (in accordance with the Underwriting Policies) shall not be considered to be Re-Aged for purposes hereof unless subsequent to such Material Modification the Receivable becomes a Delinquent Receivable and it is then returned to current status without collecting the total amount of principal, interest, and fees that are contractually due. LEGAL_US_E # 152147085.3152147085.12