Examples of Average Default Ratio in a sentence
In addition to the information set forth in the preceding sentence, the Monthly Servicer Report shall also contain the following information: (i) the Aggregate Receivables Balance, the Average Delinquency Ratio, the Average Default Ratio and the Excess Spread for such Determination Date; (ii) whether any Termination Event has occurred as of such Determination Date; and (iii) whether any Termination Event that may have occurred as of a prior Determination Date is deemed cured as of such Determination Date.
In addition to the information set forth in the preceding sentence, the Monthly Servicer Report shall also contain the following information: (a) the Aggregate Receivables Balance, the Average Delinquency Ratio, the Average Default Ratio and the Excess Spread for such Determination Date; (b) whether any Termination Event has occurred as of such Determination Date; and (c) whether any Termination Event that may have occurred as of a prior Determination Date is deemed cured as of such Determination Date.
Total Reserves $ 0 Based on Weekly Report A < min(B,C-D) TBD Actual Trigger Compliance Delinquency Ratio 0.00% 5.00% TBD Default Ratio 0.00% 2.50% TBD 3-Month Rolling Average Delinquency Ratio 0.00% 4.00% TBD 3-Month Rolling Average Default Ratio 0.00% 2.00% TBD 3-Month Rolling Average Dilution Ratio 0.00% 2.00% TBD DSO 0.00 25.00 TBD No Borrowing Base Deficiency TBD TBD VII.
If at any Monthly Report Date the Master Servicer reports that the Average Default Ratio of the last Calculation period is higher than 3% (three percent); 12.