Default Ratio. As of any Cut-Off Date, the ratio (expressed as a percentage) computed by dividing (i) the total amount of Receivables which became Defaulted Receivables during the Calculation Period that includes such Cut-Off Date, by (ii) the aggregate sales generated by the Originators during the Calculation Period occurring four (4) months prior to the Calculation Period ending on such Cut-Off Date.
Appears in 2 contracts
Samples: Credit and Security Agreement (Allied Waste Industries Inc), Credit and Security Agreement (Allied Waste Industries Inc)
Default Ratio. As of any Cut-Off Date, the ratio (expressed as a percentage) computed by dividing (i) the total amount of Receivables which became Defaulted Receivables during the Calculation Period that includes such Cut-Off Date, by (ii) the aggregate sales generated by the Originators Originator during the Calculation Period occurring four (4) months prior to the Calculation Period ending on such Cut-Off Date.
Appears in 1 contract
Samples: Credit and Security Agreement (Bell Microproducts Inc)
Default Ratio. As of any Cut-Off Date, the ratio (expressed as a percentage) computed by dividing (i) the total amount of Receivables which became Defaulted Receivables during the Calculation Period that includes such Cut-Off Date, by (ii) the aggregate sales generated by the Originators Originator during the Calculation Period occurring four (4) months prior to the Calculation Period ending on such Cut-Off Date.
Appears in 1 contract
Samples: Credit and Security Agreement (PPL Electric Utilities Corp)
Default Ratio. As of any Cut-Off Date, the ratio (expressed as a percentage) computed by dividing (i) the total amount (without double-counting) of Receivables (other than Excluded Receivables) which became Defaulted Receivables or Charge-Offs during the Calculation Period that includes such Cut-Off Date, by (iib) the aggregate sales Receivables (other than Excluded Receivables) generated by the Originators during the Calculation Period occurring four six (46) months prior to the Calculation Period ending on such Cut-Off Date.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Arch Chemicals Inc)
Default Ratio. As of any Cut-Off Date, the ratio (expressed as a percentage) computed by dividing (i) the total amount of Receivables which became Defaulted Receivables during the Calculation Period that includes such Cut-Off Date, by (ii) the aggregate sales generated by the Originators during the Calculation Period occurring four (4) three months prior to the Calculation Period ending on such Cut-Off Date.
Appears in 1 contract
Samples: Credit and Security Agreement (Louisiana Pacific Corp)
Default Ratio. As of any Cut-Off Date, the ratio (expressed as a percentage) computed by dividing (i) the total amount of Receivables which became Defaulted Default Ratio Receivables during the Calculation Period that includes such Cut-Off Date, by (ii) the aggregate sales generated by the Originators Originator during the Calculation Period occurring four (4) months prior to the Calculation Period ending on such Cut-Off Date.
Appears in 1 contract
Samples: Credit and Security Agreement (PPL Electric Utilities Corp)
