Loss Reserve. For any Calculation Period, the product (expressed as a percentage) of (i) 2.0, times (ii) the highest three-month rolling average Default Ratio during the 12 Calculation Periods ending on the immediately preceding Cut-Off Date, times (iii) the Default Horizon Ratio as of the immediately preceding Cut-Off Date.
Appears in 4 contracts
Samples: Credit and Security Agreement (Louisiana Pacific Corp), Credit and Security Agreement (Allied Waste Industries Inc), Credit and Security Agreement (Bell Microproducts Inc)
Loss Reserve. For any Calculation Period, the product (expressed as a percentage) of (ia) 2.0the Stress Factor, times (iib) the highest three-month rolling average Default Ratio during the 12 Calculation Periods ending on the immediately preceding Cut-Off Date, times (iiic) the Default Horizon Ratio as of the immediately preceding Cut-Off Date.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Arch Chemicals Inc), Receivables Purchase Agreement (Arch Chemicals Inc)
Loss Reserve. For any Calculation Period, the product (expressed as a percentage) of (i) 2.0the Stress Factor, times (ii) the highest three-month rolling average Default Ratio during the 12 Calculation Periods ending on the immediately preceding Cut-Off Date, times (iii) the Default Horizon Ratio as of the immediately preceding Cut-Off Date.
Appears in 1 contract
Samples: Credit and Security Agreement (Allied Waste Industries Inc)
Loss Reserve. For any Calculation Period, the product (expressed as a percentage) of (i) 2.0, the Stress Factor times (ii) the highest three-month rolling average Default Ratio during the 12 Calculation Periods ending on the immediately preceding Cut-Off Date, times (iii) the Default Horizon Ratio as of the immediately preceding Cut-Off Date.
Appears in 1 contract
Samples: Credit and Security Agreement (Bell Microproducts Inc)
