Credit Losses definition

Credit Losses means, for any Collection Period, an amount equal to the excess of (a) the sum of the Securitization Value for all Included Units charged-off (i.e., that became Terminated Units before maturity of the related Lease and for which all scheduled payments thereunder have not been made) during that Collection Period over (b) the sum of Sales Proceeds and Recoveries received by the Servicer with respect to charged-off Units during that Collection Period.

Credit Losses means, for any Collection Period, an amount equal to the excess of (a) the sum of the Securitization Value for all Included Units that became Defaulted Units during that Collection Period over (b) the sum of Sales Proceeds and Recoveries received by the Servicer with respect to Defaulted Units during that Collection Period.

Credit Losses. “Credit Losses” means the Charge-Offs for any loans or “real estate owned” property existing as of the date hereof for the period commencing on the date hereof and ending on the Maturity Date less any recoveries in respect of such Charge-Offs.

Examples of Credit Losses in a sentence

• In April 2019, the FASB issued 2019-04, Codification Improvements to Topic 326, Financial Instruments — Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments, which clarifies certain aspects of accounting for credit losses, hedging activities and financial instruments.

• Provisions for Credit Losses Shares O/S (mm) 568 (PCL) were slightly lower than expected and decreased 26% Y/X.

• Provision for Credit Losses (PCL) decreased in Q1/11 to $248 million from $253 million in the prior quarter and decreased 26% Y/Y.

• We May Experience Increased Delinquencies and Credit Losses Like other consumer lenders, we face the risk that accounts become uncollectible because accountholders will not repay their loans.

• Provision for Credit Losses (PCL) decreased in Q3/11 to $174 million from $187 million in the prior quarter and 19% Y/Y.

More Definitions of Credit Losses

Credit Losses means all amounts due to Bank in connection with any Card that Bank has written off as uncollectible excluding amounts due in respect of Fraudulent Transactions.

Credit Losses means the charge-offs occurring after May 5, 2011 with respect to any loans outstanding as of May 5, 2011 as set forth on Schedule 1 to this Agreement for the period commencing on May 5, 2011 and ending on the Maturity Date less any recoveries in respect of such charge-offs.

Credit Losses means any balances which remain unpaid by Other Eligible User, Participant or a Cardholder six (6) billing periods after the closing date on the Billing Statement in which the Transactions, fees and charges appeared for the reporting period.

Credit Losses. “Credit Losses” means the Charge-Offs for any loans existing as of the date hereof for the period commencing on the date hereof and ending on the Maturity Date less any recoveries in respect of such Charge-Offs. Stipulated Amount $103,000,000. Determinations All determinations with respect to Credit Losses calculations for purposes of the CVRs and amounts payable in respect of the CVRs shall be made by the Loan Portfolio Committee of the Company’s Board of Directors in its sole discretion. Early Redemption The Company may redeem the CVRs at any time at a price of $0.75 per CVR. Voting rights Any modifications of the terms of the CVRs that are adverse to the holders will require the consent of the holders of a majority of the CVRs. Otherwise, no voting rights attach to the CVRs. Dividend rights None.

Credit Losses means all amounts due to Bank in connection with any and all Cards or Accounts that Bank has written off as uncollectible, excluding amounts due in respect of Fraudulent Transactions.

Credit Losses means all amounts that are unpaid or otherwise due to EFS by any Customer or any of its affiliates in connection with any EFS product or service, including any related collection costs incurred by EFS.

Credit Losses means the outstanding principal balances of applicable Customer Accounts related to Credit Cards that have been charged off in accordance with the Charge-Off Policy.