Common use of Loss Rate Report Clause in Contracts

Loss Rate Report. On each Quarterly Determination Date, the Servicer shall deliver to the Deal Agent, the Collateral Agent and the Lenders a report in form and substance reasonably satisfactory to the Deal Agent (acting with the consent, or at the direction, of the Required Lenders) which sets forth the loss rate as of the most recent month-end in respect of the Servicer’s entire dealer loans portfolio which shall be aggregated by Dealer.

Appears in 7 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

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Loss Rate Report. On each Quarterly Determination Date, the Servicer shall deliver to the Deal Agent, Agent and the Collateral Agent and the Lenders a report in form and substance reasonably satisfactory to the Deal Agent (acting with the consent, or at the direction, of the Required Lenders) which sets forth the loss rate Loss Rate as of the most recent month-end in respect of the Servicer’s entire dealer loans portfolio which shall be aggregated by Dealer.

Appears in 2 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Loss Rate Report. On each Quarterly Determination Date, the Servicer shall deliver to the Deal Agent, Agent and the Collateral Agent and the Lenders a report in form and substance reasonably satisfactory to the Deal Agent (acting with the consent, or at the direction, of the Required Lenders) which sets forth the loss rate as of the most recent month-end in respect of the Servicer’s entire dealer loans portfolio which shall be aggregated by Dealer.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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Loss Rate Report. On each Quarterly Determination Date, the Servicer shall deliver to the Deal Agent, Agent and the Collateral Agent and the Lenders a report in form and substance reasonably satisfactory to the Deal Agent (acting with the consent, or at the direction, of the Required Lenders) which sets forth the loss rate Loss Rate as of the most recent month-end month‑end in respect of the Servicer’s entire dealer loans portfolio which shall be aggregated by Dealer.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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