NonPerforming Account

NonPerforming Account. Means an Account (a) that has become more than ninety (90) days delinquent, (b) that has been accelerated by Initial Servicer in accordance with the applicable Account Documents and the customary and historic practices of Initial Servicer, (c) that Initial Servicer or Purchaser has determined to be uncollectible in accordance with its customary and historic practices, (d) with an Account Party in respect of which an Event of Bankruptcy has occurred and is continuing, or (e) a Default (as... defined in the applicable Account Document) occurs for any other reason and such Default continues for ninety (90) days. View More