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.

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 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.

Examples of Charge-Off Ratio in a sentence

• Net Charge-Off Ratio - Loan losses net of recoveries as a percentage of average loans and leases.

• 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.

• 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.

• If at any time the Quarterly Charge-Off Ratio shall exceed 12%, the Agent shall establish an account (the "CO Escrow Account") in the name and under the control of the Agent with an Eligible Institution (which may be Citibank, N.A.) titled "Citicorp North America, Inc., as Agent, pursuant to the Receivables Purchase Agreements dated as of April 5, 1996, as amended, among Spirit of America National Bank, as Owner and Servicer, the Agent and certain other parties (CO Escrow Account)".

More Definitions of Charge-Off Ratio

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, 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.

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 of any date of determination, a fraction, expressed as a percentage, the numerator of which is the aggregate outstanding balance of all Receivables that became Charge-offs during the month most recently ended, and the denominator of which is the aggregate outstanding balance of all Receivables on the last Business Day of the month most recently ended.

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, 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, for any calendar month, the ratio (expressed as a percentage) of the outstanding balance of Charge-Offs made during the immediate preceding twelve calendar months to the average aggregate outstanding principal balance of all Receivables as of the last day of each of the immediately preceding twelve calendar months.