Cumulative Default Level Sample Clauses

Cumulative Default Level. Table 1 attached hereto during the first six months of the Commitment Purchase Period This letter is provided pursuant to the provisions of Section 2.1(b) of the Agreement. Capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Agreement. QUORUM FEDERAL CREDIT UNION, as Buyer By: Name: Xxxxx Xxxxxxxxxx Title: President Address: 0 Xxxxxxxxxxxxxx Xxxx Xxxxx 000 Xxxxxxxx, XX 00000 Attention: President/CEO Telephone: 000-000-0000 Facsimile: 000-000-0000 ACKNOWLEDGED AND AGREED TO: BBCV Receivables-Q 2010 LLC, as Seller By: Name: Title: Address: Attention: Telephone: Facsimile: Table 1 to Commitment Purchase Period Terms Letter Cumulative Default Levels [See Attached] Annex A STANDARD DEFINITIONS
Sample 1
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Cumulative Default Level. Table 1 attached hereto during the first six months of the Commitment Purchase Period This letter is provided pursuant to the provisions of Section 2.1(b) of the Agreement. Capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Agreement. QUORUM FEDERAL CREDIT UNION, as Buyer By: ____________________________________ Name: Xxxxx Xxxxxxxxxx Title: President Address: 0 Xxxxxxxxxxxxxx Xxxx Xxxxx 000 Xxxxxxxx, XX 00000 Attention: President/CEO Telephone: 000-000-0000 Facsimile: 000-000-0000 ACKNOWLEDGED AND AGREED TO: BRFC-Q 2010 LLC, as Seller By: _____________________________ Name: _______________________ Title: _______________________ Address: ___________________________ Attention: __________________________ Telephone: _________________________ Facsimile: __________________________ Table 1 to Commitment Purchase Period Terms Letter Cumulative Default Levels [See Attached] Annex A STANDARD DEFINITIONS
Sample 1
Cumulative Default Level. Table 1 attached hereto during the Commitment Purchase Period, subject to adjustment at any time by the Buyer. The Buyer reserves the right to modify the Buyer Purchase Price Percentage, the Program Fee Rate and the Timeshare Portfolio Performance Event triggers, at any time during or after the Commitment Period for new fundings. Written notice of any change(s) in the Buyer Purchase Price Percentage and/or the Program Fee Rate and/or the Timeshare Portfolio Performance Event triggers will be provided by the Buyer to the Seller at least thirty (30) days in advance of the effective date thereof. Should the Buyer decrease the Buyer Purchase Price Percentage and/or increase the Program Fee Rate and/or decrease the Timeshare Portfolio Performance Event triggers during the Commitment Purchase Period for a reason other than the occurrence of a Purchase Termination Event or a Timeshare Portfolio Performance Event, the MRA Underutilization Fee shall be waived; provided, however, any portion of the MRA Underutilization Fee previously paid will not be refunded. Any change in the Delinquency Level, Default Level and/or Cumulative Default Level will be noted in the Buyer Commitment Purchase Confirmation or the Buyer Purchase Confirmation, as applicable. This letter is provided pursuant to the provisions of Section 2.1(b) of the Agreement. Capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Agreement. QUORUM FEDERAL CREDIT UNION, as Buyer By: /s/ Name: Xxxxx Xxxxxxxxxx Title: President & CEO Address: 0 Xxxxxxxxxxxxxx Xxxx Suite 401 Purchase, NY 10577 Attention: President/CEO Telephone: 000-000-0000 Facsimile: 000-000-0000 [BBCV Receivables-Q 2010 LLC Signature on Next Page] ACKNOWLEDGED AND AGREED TO: BBCV Receivables-Q 2010 LLC, as Seller By: /s/ Name: Xxxxxxx X. Xxxxx Title: Vice President and Treasurer Address: 0000 Xxxxxxxxxxxxx Xxxxxx Suite 900 Boca Raton, Florida 33431 Attention: Xxxxx X. Xxxx Telephone: 000-000-0000 Facsimile: 000-000-0000 Table I Cumulative Default Levels Month Cumulative Defaults Month Cumulative Defaults Month Cumulative Defaults 1 N/A 41 23.53% 81 33.69% 2 N/A 42 24.18% 82 33.78% 3 N/A 43 24.51% 83 33.86% 4 N/A 44 24.84% 84 33.94% 5 N/A 45 25.17% 85 34.01% 6 N/A 46 25.67% 86 34.08% 7 N/A 47 26.17% 87 34.15% 8 N/A 48 26.67% 88 34.22% 9 N/A 49 27.02% 89 34.28% 10 N/A 50 27.37% 90 34.34% 11 N/A 51 27.71% 91 34.40% 12 N/A 52 28.01% 92 34.45% 13 6.07% 53 28.30% 93 34.50% 14 6.86% 54 28.60% 94 34.55% 15 7.6...
Sample 1
Cumulative Default Level. Table 1 attached hereto during the Commitment Purchase Period, subject to adjustment at any time by the Buyer. The Buyer reserves the right to modify the Buyer Purchase Price Percentage, the Program Fee Rate and the Timeshare Portfolio Performance Event triggers, at any time during or after the Commitment Period for new fundings. Written notice of any change(s) in the Buyer Purchase Price Percentage and/or the Program Fee Rate and/or the Timeshare Portfolio Performance Event triggers will be provided by the Buyer to the Seller at least thirty (30) days in advance of the effective date thereof. Any change in the Delinquency Level, Default Level and/or Cumulative Default Level will be noted in the Buyer Commitment Purchase Confirmation or the Buyer Purchase Confirmation, as applicable. This letter is provided pursuant to the provisions of Section 2.1(b) of the Agreement. Capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Agreement. QUORUM FEDERAL CREDIT UNION, as Buyer By: /s/ Name: Xxxxx Xxxxxxxxxx Title: President & CEO Address: 0 Xxxxxxxxxxxxxx Xxxx Suite 401 Purchase, NY 10577 Attention: President/CEO Telephone: 000-000-0000 Facsimile: 000-000-0000 ACKNOWLEDGED AND AGREED TO: BRFC-Q 2010 LLC, as Seller By: /s/ Name: Xxxxxxx X. Xxxxx Title: Vice President and Treasurer Address: 0000 Xxxxxxxxxxxxx Xxxxxx Suite 900 Boca Raton, Florida 33431 Attention: Xxxxx X. Xxxx Telephone: 000-000-0000 Facsimile: 000-000-0000 Table I Cumulative Default Levels Month Cumulative Defaults Month Cumulative Defaults Month Cumulative Defaults 1 N/A 41 23.53% 81 33.69% 2 N/A 42 24.18% 82 33.78% 3 N/A 43 24.51% 83 33.86% 4 N/A 44 24.84% 84 33.94% 5 N/A 45 25.17% 85 34.01% 6 N/A 46 25.67% 86 34.08% 7 N/A 47 26.17% 87 34.15% 8 N/A 48 26.67% 88 34.22% 9 N/A 49 27.02% 89 34.28% 10 N/A 50 27.37% 90 34.34% 11 N/A 51 27.71% 91 34.40% 12 N/A 52 28.01% 92 34.45% 13 6.07% 53 28.30% 93 34.50% 14 6.86% 54 28.60% 94 34.55% 15 7.65% 55 29.22% 95 34.60% 16 8.55% 56 29.84% 96 34.65% 17 9.46% 57 30.46% 97 34.69% 18 10.36% 58 30.55% 98 34.74% 19 11.18% 59 30.65% 99 34.78% 20 12.01% 60 30.74% 100 34.82% 21 12.83% 61 30.89% 101 34.86% 22 13.43% 62 31.04% 102 34.89% 23 14.03% 63 31.19% 103 34.93% 24 14.64% 64 31.45% 104 34.96% 25 15.29% 65 31.72% 105 34.99% 26 15.94% 66 31.98% 106 35.02% 27 16.59% 67 32.11% 107 35.05% 28 17.26% 68 32.24% 108 35.08% 29 17.93% 69 32.37% 109 35.10% 30 18.60% 70 32.49% 110 35.13% 31 18.60% 71 32.61% 111 35.15% 32 18.98% 72 32.73...
Sample 1

Related to Cumulative Default Level

  • Interest After Event of Default If an Event of Default shall have occurred and is continuing, all sums outstanding and unpaid under the Credit Documents, including this Deed of Trust, shall, at Beneficiary’s option, bear interest at the Default Rate until such Event of Default has been cured. Trustor’s obligation to pay such sums and interest shall be secured by this Deed of Trust.

  • Late Fee; Default Rate If any payment is not made within ten (10) days after the date such payment is due, Borrower shall pay Bank a late fee equal to the lesser of (i) five percent (5%) of the amount of such unpaid amount or (ii) the maximum amount permitted to be charged under applicable law. All Obligations shall bear interest, from and after the occurrence and during the continuance of an Event of Default, at a rate equal to five (5) percentage points above the interest rate applicable immediately prior to the occurrence of the Event of Default.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Allocations During the Early Amortization Period During the Early Amortization Period, an amount equal to the product of (A) the Principal Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that after the date on which an amount of such Collections equal to the Adjusted Invested Amount has been deposited into the Collection Account and allocated to the Series 1997-1 Certificateholders, such amount shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Post-Default Interest Upon the occurrence, and during the continuance, of any Event of Default, the unpaid principal amount of each Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the rate per annum otherwise required to be paid on such Advance in accordance with subsection (a), (b) or (c) above; provided that any amount of principal which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall bear interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the greater of (x) 2% per annum above the Base Rate in effect from time to time and (y) 2% per annum above the rate per annum required to be paid on such Advance immediately prior to the date on which such amount became due.

  • Rates Applicable After Event of Default Notwithstanding anything to the contrary contained in Sections 2.8, 2.9 or 2.10, during the continuance of a Default or Event of Default the Required Lenders may, at their option, by notice from the Designated Agent to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.3 requiring unanimous consent of the Lenders to changes in interest rates), declare that no Advance may be made as, converted into or continued as a Eurocurrency Advance. During the continuance of an Event of Default the Required Lenders may, at their option, by notice from the Designated Agent to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.3 requiring unanimous consent of the Lenders to changes in interest rates), declare that (i) each Eurocurrency Advance shall bear interest for the remainder of the applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2.00% per annum, (ii) each Base Rate Advance shall bear interest at a rate per annum equal to the Base Rate in effect from time to time plus 2.00% per annum, and (iii) the LC Fee shall be increased by 2.00% per annum, provided that, during the continuance of an Event of Default under Sections 7.6 or 7.7, the interest rates set forth in clauses (i) and (ii) above and the increase in the LC Fee set forth in clause (iii) above shall be applicable to all Credit Extensions without any election or action on the part of the Designated Agent or any Lender. After an Event of Default has been waived, the interest rate applicable to advances and the LC Fee shall revert to the rates applicable prior to the occurrence of an Event of Default.

  • Maximum Secured Leverage Ratio As of the last day of any fiscal quarter, the Secured Leverage Ratio to exceed forty percent (40%);

  • Allocations During the Rapid Amortization Period During the Rapid Amortization Period, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate to the Investor Certificateholders and pay or deposit from the Collection Account the following amounts as set forth below:

  • Post-Default Allocation Notwithstanding anything in any Loan Document to the contrary, during an Event of Default, monies to be applied to the Obligations, whether arising from payments by Obligors, realization on Collateral, setoff or otherwise, shall be allocated as follows:

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

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