Delinquent Contract definition

Delinquent Contract means any Contract as to which all or a portion of a Scheduled Payment (constituting at least ten percent (10%) of such Scheduled Payment due) is more than 60 days delinquent from its original due date.

Delinquent Contract means any Contract that is 60 days or more delinquent.

Delinquent Contract means any Contract (other than a Defaulted Contract) as to which any portion of a scheduled payment remains unpaid for more than 60 days from the date on which it is due and payable.

Examples of Delinquent Contract in a sentence

• As of the applicable Cutoff Date, no Contract was a Delinquent Contract or a Defaulted Contract.

• By establishing a standardized and scientific decision-making process, all decisions will be made based on a series of scientific feasibility assessment, which can anticipate and help to avoid various risks, and all actions will be led by business interests.

• No later than one Business Day preceding each Payment Date, the Servicer may, but is not required, to make a Servicer Advance for each Series 1999-1 Contract which is a Delinquent Contract with respect to each overdue Scheduled Payment as of the related Calculation Date in an amount equal to the Scheduled Payments, or portion thereof, which were due but not received during the related Collection Period (and not previously covered by an unreimbursed Servicer Advance).

• I have a question about my Delinquent Contract.If you are currently under a Delinquent Contract Plan, in addition to your monthly coupon payments, you will receive a tax bill for the 2021 first half taxes, which are due and payable by February 23, 2022.

• The sum of (i) any late payment charges paid by a User on a Delinquent Contract after application of any such charges to amounts then due under such Contract and (ii) any other incidental charges, security deposits or fees received from a User, including (x) insurance premium payments and tax payments, and (y) prepayment charges paid by a User in connection with a Prepayment.

More Definitions of Delinquent Contract

Delinquent Contract means a Contract as to which any Scheduled Contract Payment or part thereof is unpaid more than 31 days from its original due date.

Delinquent Contract means, as of any Determination Date, any Contract (other than a Contract which became a Defaulted Contract prior to such Determination Date) with respect to which the Obligor has not paid all Contract Payments due as of the end of the immediately preceding Collection Period. The delinquency of a Contract Payment shall be measured based on the Contract Payments required to be made during the term of such Contract as of the date such Contract became part of the Trust Property without giving effect to any modifications, waivers or extensions subsequently granted by the Servicer.

Delinquent Contract. For any Determination Date, any Contract (a) as to which the entire amount of the Scheduled Payment was not received when due and which remains unpaid in whole or in part as of the last day of the related Due Period and (b) which is not a Defaulted Contract.

Delinquent Contract. As of any date, a Contract as to which a Scheduled Payment, or part thereof, remains unpaid for more than 60 days from the original due date for such Scheduled Payment.

Delinquent Contract means an Initial or Additional Contract that is 60 or more days delinquent as of the Closing Date, or a Subsequent Contract that is 60 or more days delinquent as of the applicable Subsequent Transfer Date.

Delinquent Contract means a Contract for which the Monthly P&I payment for a Due Date was not received by the Master Servicer on or before that Due Date. A Delinquent Contract for which the Monthly P&I payment was not received on or before the last Business Day of the calendar month next following the month in which that Due Date occurs is referred to as a "30 to 59 day Delinquent Contract". A Delinquent Contract for which the Monthly P&I payment was not received on or before the last Business Day of the second calendar month next following the month in which that Due Date occurs is referred to as a "60 to 89 day Delinquent Contract". A Delinquent Contract for which the Monthly P&I payment was not received on or before the last Business Day of the third calendar month next following the month in which that Due Date occurs is referred to as a "90 to 119 day Delinquent Contract". A Delinquent Contract for which the Monthly P&I payment was not received on or before the last Business Day of the fourth calendar month next following the month in which that Due Date occurs is referred to as a "120 day and over Delinquent Contract".

Delinquent Contract means any Contract where payment in full of all installments then due have not been made within 30 days of the due date or where any other material default has occurred and such default has continued for a period of at least 30 days.