Retransfer Amount definition

Retransfer Amount. Defined in Section 4.5(b).

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Retransfer Amount. As defined in Section 5.6.

Retransfer Amount. With respect to any Contract required to be retransferred to the Transferor pursuant to Section 2.02 or 2.03 or the Servicer pursuant to Section 3.01, an amount equal to the sum of (i) 100% of the Outstanding Principal Balance thereof on the date of retransfer and (ii) unpaid accrued interest at the applicable Contract Rate on the Outstanding Principal Balance thereof on the date of retransfer from the date to which interest was last paid by the Obligor to the Due Date in the Due Period in which such retransfer occurs. For purposes of determining the Retransfer Amount of any Contract, the Outstanding Principal Balance thereof on the date of retransfer shall not be reduced to zero as a result of its classification as a Liquidated Contract.

Examples of Retransfer Amount in a sentence

Notwithstanding the foregoing, Credit Acceptance shall not exercise such option unless the amount so deposited equals or exceeds the Retransfer Amount for the Loans.
If the Transferor has deposited the Total Retransfer Amount in the Certificate Account in accordance with this paragraph, no interest shall be payable in respect of the Certificates after the Payment Date.
The Seller shall deposit on the Retransfer Date an amount equal to the deposit amount provided below for such Assets in the Collection Account for distribution to the Secured Parties in accordance with Section 2.7. The deposit amount (the "Retransfer Amount") for such retransfer will be equal to (A) the Aggregate Unpaids minus (B) the amount, if any, available in the Collection Account on such Payment Date.
The Company shall be required to deposit into the Collection Account the aggregate Retransfer Amount pursuant to Section 4.02 in accordance with the provisions of such Section.
The Seller shall deposit, or cause to be deposited, into the Collection Account the aggregate Retransfer Amount pursuant to Section 3.
The Transferor shall deposit in the Certificate Account at least one Business Day prior to the date on which such notice is given an amount equal to the amount necessary to make the amount on deposit in the Certificate Account on the Payment Date equal to the Total Retransfer Amount for the Contracts computed as above provided.
The Seller shall deposit on the Retransfer Date an amount equal to the deposit amount provided below for such Assets in the Collection Account for distribution to the Secured Parties in accordance with Section 2.7. The deposit amount (the "Retransfer Amount") for such retransfer will be equal to (A) the Aggregate Unpaids minus (B) the amount, if any, available in the Collection ----- Account on such Payment Date.
Indication of the Purchaser's ownership of a Contract (and the Trustee's lien on the Contract) shall be deleted from or modified on the Seller's computer systems when, and only when, the Contract shall have been paid in full or repurchased and the Retransfer Amount has been paid.
In the event of a breach of any representation or warranty set forth in Sections 4.1(q), 4.1(r) or 4.1(s), which breach could reasonably be expected to have a Material Adverse Effect then, on or prior to the applicable Release Date, CAC shall pay to Funding the Retransfer Amount due on the applicable Release Date.
Indication of the Purchaser's and the Trustee's ownership of a Lease shall be deleted from or modified on the Seller's computer systems when, and only when, the Lease shall have been paid in full or repurchased and the Retransfer Amount has been paid.

More Definitions of Retransfer Amount

Retransfer Amount means, with respect to any Contract, the price equal to the Principal Balance of such Contract (prior to any amendment, modification or exchange) on the first day of the month following the date on which the reacquisition obligation with respect to such Contract arose, plus accrued interest on the Principal Balance of such Contract, at a rate equal to 1/12 of the sum of (i) the weighted average Rate of all outstanding Subordinated Notes and (ii) the Servicing Fee Rate, to the date that is the date of payment of such Retransfer Amount, less the amount, if any, on deposit in the Payahead Account with respect to such Contract.

Retransfer Amount means, with respect to any Lease, the price equal to the Principal Balance of such Lease (prior to any amendment, modification or exchange) on the first day of the month following the date on which the reacquisition or purchase obligation with respect to such Lease arose pursuant to Section 3.03 or 4.02 hereof, plus accrued interest on the Principal Balance of such Lease, at a race equal to 1/12 of the sum of the (i) Class B Rate and (ii) the Servicing Fee Rate, from the last date on which such amount was paid to the date that is the date of payment of the Retransfer Amount, less the amount, if any, on deposit in the Payahead Account with respect to such Lease.

Retransfer Amount means, with respect to any Lease, the price equal to the Principal Balance of such Lease (prior to any amendment, modification or exchange) on the first day of the month following the date on which the reacquisition obligation with respect to such Lease arose, plus accrued interest on the Principal Balance of such Lease, at a rate equal to 1/12 of the sum of (i) the Class B Rate and (ii) the Servicing Fee Rate, to the date that is the date of payment of such Retransfer Amount, less the amount, if any, on deposit in the Payahead Account with respect to such Lease.

Retransfer Amount means, with respect to any Contract, the price equal to the Principal Balance of such Contract (prior to any amendment, modification or exchange) on the first day of the month following the date on which the reacquisition or purchase obligation with respect to such Contract arose pursuant to Section 3.03 or 4.02 hereof, plus accrued interest on the Principal Balance of such Contract, at a rate equal to 1/12 of the sum of (i) the weighted average Rate of all outstanding Subordinated Notes and (ii) the Servicing Fee Rate, from the last date on which such amount was paid to the date that is the date of payment of the Retransfer Amount, less the amount, if any, on deposit in the Payahead Account with respect to such Contract.

Retransfer Amount has the meaning set forth in Section 4.33.