Charge-Off Ratio definition

Charge-Off Ratio means, for any specified Settlement Date, twelve times the quotient, expressed as a percentage, of (a) Aggregate Net Lease Losses for the preceding Monthly Period, divided by (b) the Aggregate Lease Balance as of the last day of the second preceding Monthly Period.

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Charge-Off Ratio means, with respect to any Monthly Period, the annualized percentage equivalent of a fraction (a) the numerator of which is the aggregate outstanding principal balance of all Receivables that became Defaulted Receivables during such Monthly Period net of Recoveries and (b) the denominator of which is the Average Principal Receivables for such Monthly Period.

Charge-Off Ratio means, for any calendar month, a fraction (expressed as a percentage) the numerator of which is the outstanding balance of Charge-Offs during such calendar month and the denominator of which is the amount of Credit Sales generated during such calendar month.

Examples of Charge-Off Ratio in a sentence

• The Companies' consolidated Charge-Off Ratio shall at all times be less than 2.0%, to be determined for compliance reporting purposes as of the last day of each fiscal quarter of the Companies for the four quarters then ended.

• Permit the Loss Allowance to Charge-Off Ratio as of the end of any fiscal quarter of Borrower to be less than 1.05 to 1.00.

• The Companies’ consolidated Charge-Off Ratio shall at all times be less than 2.0%, to be determined for compliance reporting purposes as of the last day of each fiscal quarter of the Companies for the four quarters then ended.

• For the avoidance of doubt, the repurchase of Obligor Account Assets in an Obligor Account that has become a Charged-Off Obligor Account by the Seller pursuant to this Section 5.7 shall not affect the requirement to reflect such Obligor Account Assets in the calculation of the Net Charge-Off Ratio in respect of the Collection Period when it became a Charged-Off Obligor Account.

• The Net Charge-Off Ratio shall at all times (but calculated for compliance reporting purposes as of the last day of each fiscal year of Borrower) be less than or equal to 2.00%.

More Definitions of Charge-Off Ratio

Charge-Off Ratio means a fraction, expressed as a percentage, the numerator of which is the sum of the total amounts charged off by PMC with respect to its Mortgage Loans (less any such amounts subsequently recovered) during the applicable period of determination, and the denominator of which is the aggregate average principal balance of all of PMC’s Mortgage Loans for such period.

Charge-Off Ratio means, for any Settlement Period, the ratio (expressed as a percentage) of the outstanding balance of Charge-Offs made during such Settlement Period to the aggregate amount of Collections during such Settlement Period.

Charge-Off Ratio means, with respect to any Monthly Period, the annualized percentage equivalent of a fraction, the numerator of which is the Investor Default Amount for such Monthly Period and the denominator of which is the average daily Invested Amount during such Monthly Period.

Charge-Off Ratio means, as at the last day of any such fiscal month, a percentage equal to (x) the amount of principal of Charged-Off Receivables which became Charged-Off Receivables during such month minus any recoveries on Charged-Off Receivables received during such month divided by (y) the Outstanding Principal Balance of all Receivables as of the first day of such fiscal month times 12.

Charge-Off Ratio means, as at the last day of any period of 12 consecutive calendar months, a percentage equal to (i) the aggregate amount of Receivables that became Defaulted Receivables during such period less any cash recoveries received during such period with respect to any Defaulted Receivable, divided by (ii) the average Outstanding Balance of Receivables during such period.

Charge-Off Ratio means the sum of the total dollar amount charged as a loan loss against the Loan Loss Reserve during the current fiscal year of Cavalier Acceptance, divided by the then-outstanding principal balance of Cavalier Acceptance's loan portfolio.

Charge-Off Ratio means, with respect to any Accrual Period, a fraction, expressed as a percentage on a per annum basis, the numerator of which is the product of (x) the Charge-off Factor for such Accrual Period, and (y) the Outstanding Balance of all Receivables that became Charged-Off Receivables during such Accrual Period (but excluding the Outstanding Balance of all Charged-off Receivables that were repurchased by Originator pursuant to Section 1.5 on the Settlement Date related to such Accrual Period) and the denominator of which is the average Outstanding Balance of all Receivables for such Accrual Period (but excluding any such repurchased Receivables).