Delinquency Percentage. For each Distribution Date and the related Collection Period, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of all Delinquent Receivables held by the Issuing Entity that are more than 60 consecutive days delinquent to (ii) the aggregate Principal Balance of the Receivables, in each case, as of the last day of the related Collection Period. Delinquency Trigger: As described in Part IV to this Appendix A.
Appears in 9 contracts
Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P1)
Delinquency Percentage. For each Distribution Date and the related Collection Period, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of all Delinquent Receivables held by the Issuing Entity that are more than 60 consecutive days delinquent to (ii) the aggregate Principal Balance of the Receivables, in each case, as of the last day of the related Collection Period. Delinquency Trigger: As described in Part IV to this Appendix A..
Appears in 6 contracts
Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-P4), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-P4), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N2)
Delinquency Percentage. For each Distribution Date and the related Collection Period, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of all Delinquent Receivables held by the Issuing Entity that are more than 60 consecutive days delinquent to (ii) the aggregate Principal Balance of the Receivables, in each case, as of the last day of the related Collection Period. Delinquency Trigger: As described in Part IV to this Appendix A..
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-P1), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-P1), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2020-P1)
Delinquency Percentage. For each Distribution Date and the related Collection Period, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of all Delinquent Receivables held by the Issuing Entity that are more than 60 consecutive days delinquent to (ii) the aggregate Principal Balance of the Receivables, in each case, as of the last day of the related Collection Period. Delinquency Trigger: As described in Part IV to this Appendix A.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-P2)
