AVERAGE LOSS RATE Clause Samples

AVERAGE LOSS RATE. The "AVERAGE LOSS RATE" of the Receivables, as measured on any Payment Date, means one-tenth of: (i) the aggregate Unpaid Balance of all such Receivables that were written off during the ten complete months ending August 31, 1997 DIVIDED BY (ii) the monthly average Unpaid Balance of all such Receivables generated by the Originator as measured for such ten-month period.
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AVERAGE LOSS RATE. The “Average Loss Rate” of the Receivables generated by a particular Originator, as measured on any Payment Date, means one-tenth of: (i) the aggregate Outstanding Balance of all such Receivables that were written off during the ten complete months ending on the first Payment Date after the Closing Date divided by (ii) the monthly average Outstanding Balance of all such Receivables generated by such Originator as measured for such ten-month period.
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Related to AVERAGE LOSS RATE

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Inability to Determine Applicable Interest Rate In the event that Administrative Agent shall have determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Borrower and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as Administrative Agent notifies Borrower and Lenders that the circumstances giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by Borrower with respect to the Loans in respect of which such determination was made shall be deemed to be rescinded by Borrower.

  • Spread; Spread Multiplier; Index Maturity The “Spread” is the number of basis points (one one-hundredth of a percentage point) specified on the face hereof to be added to or subtracted from the related Interest Rate Basis or Interest Rate Bases applicable to this Note. The “Spread Multiplier” is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated.

  • Determination Date The Business Day immediately preceding the related Remittance Date.

  • Measurement Period In this Agreement, unless the contrary intention appears, a reference to: