Annualized Net Loss Ratio definition
Annualized Net Loss Ratio means, with respect to any Payment Date and the related Collection Period, the product of (i) 12 and (ii) the percentage equivalent of a fraction, (a) the numerator of which equals the aggregate Net Losses for such Collection Period and (b) the denominator of which equals the average of (1) the Pool Balance as of the related Determination Date and (2) the Pool Balance as of the Prior Determination Date.
Annualized Net Loss Ratio means, with respect to any Payment Date and the related Collection Period, the product of (i) [***] and (ii) the percentage equivalent of a fraction, (a) the numerator of which equals the aggregate Net Losses for such Collection Period (excluding Net
Annualized Net Loss Ratio means, as of any date of determination, ------------------------- the ratio (expressed as a percentage), computed by dividing "A" by "B", and then multiplying the result by "C" where:
More Definitions of Annualized Net Loss Ratio
Annualized Net Loss Ratio means, as of any date of determination, the ratio (expressed as a percentage), computed by dividing “A” by “B,” and then multiplying the result by “C” where: “A” is equal to the Monthly Net Losses for all Receivables held as Collateral which have occurred during six Settlement Periods immediately preceding such date divided by the average Aggregate Outstanding Balance of all Receivables held as Collateral during such six-month period;
Annualized Net Loss Ratio means, with respect to any Tranche, the ratio of (x) the amount of all Annualized Net Losses with respect to such Tranche, to (y) the related Outstanding Tranche Collateral Balance on such date of determination.
Annualized Net Loss Ratio means, with respect to any Determination Date, the fraction, expressed as a percentage, (i) the numerator of which is the Annualized Net Loss for such Determination Date and (ii) the denominator of which is the aggregate Receivables Balance of all Receivables as of the first day of the Collection Period immediately preceding such Determination Date.
Annualized Net Loss Ratio means, as of any date of determination, the fraction, expressed as a percentage, the numerator of which is the Annualized Net Loss for such date and the denominator of which is the Aggregate Principal Balance of all Eligible Receivables as of the first day of the Collection Period immediately preceding such date of determination; provided, that, if the determinations set forth in this definition are being made to determine the Group A-1 Required Credit Enhancement Percentage or the Group A‑2 Required Credit Enhancement Percentage on or after the Group A-1/A-2 Effective Date, in each case the determination shall be made using only the Eligible Receivables that are Group A‑1 Receivables or Group A‑2 Receivables, respectively, as of the applicable date or period.
Annualized Net Loss Ratio. On any day, 12 times the ratio (expressed as a percentage) of (i) (1) the aggregate Principal Balance of all Receivables which became Liquidated Receivables during the immediately preceding Collection Period minus (2) Liquidation Proceeds received during such preceding Collection Period and allocable to principal over (ii) an amount equal to (a) the sum of (1) the aggregate Principal Balance of all Receivables as of the beginning of such Collection Period and (2) the aggregate Principal Balance of all Receivables as of the end of such Collection Period divided by (b) two.
Annualized Net Loss Ratio. For any Determination Date, the average for the six (6) preceding Collection Periods (or if prior to six (6) months from the Closing Date, the number of whole Collection Periods since the Closing Date), of the product of 12 times a fraction (expressed as a percentage), the numerator of which is equal to the Net Liquidation Losses during the Collection Period plus the Cram Down Losses that occurred during the Collection Period, and the denominator of which is equal to the aggregate Principal Balance of the Receivables as of the first day of the Collection Period. "Net Liquidation Losses" means, with respect to any Collection Period, the amount, if any, by which (a) the aggregate Principal Balance of all Receivables that became Defaulted Receivables during that Collection Period exceeds (b) the Liquidation Proceeds, Insurance Proceeds and any Deficiency Balance recoveries received during that Collection Period.
Annualized Net Loss Ratio means, with respect to any Origination Pool, the ratio of (i) the amount of all Annualized Net Losses with respect to such Origination Pool, to (ii) a quotient the numerator of which is the sum of the current Outstanding Origination Pool Collateral Balance and the Original Origination Pool Principal Balance and the denominator of which is 2.