Collateral Performance Indicator definition
Collateral Performance Indicator means, calculated as of the first day of each month, the sum of the Past Due Percent, the Repossession Percent and the Net Charge-Off Percent.
Collateral Performance Indicator means as of the end of each calendar month, the sum of (a) the rolling three (3) month average 60+ day delinquency percentage (the percentage defined as (x) Finance Receivables for which payment is sixty (60) or more days contractually past due, divided by (y) total Finance Receivables at such date); plus (b) (i) net charge-offs for the eight (8) month period ending on such date divided by (ii) average net Finance Receivables during the eight (8) month period ending on such date.
Collateral Performance Indicator means as of the end of each calendar month, the sum of:
Examples of Collateral Performance Indicator in a sentence
Within 45 days after the end of each quarterly fiscal period of the Parent, a statement setting forth the Collateral Performance Indicator as of the end of such fiscal quarter specifying in reasonable detail as calculated on the CPI Statement, and certified by a Responsible Officer of the Parent.
More Definitions of Collateral Performance Indicator
Collateral Performance Indicator means, as of any date of determination, calculated as set forth on the CPI Statement on a trailing twelve-month basis, a percentage that is the result of dividing the dollar amount of:
Collateral Performance Indicator means as of the end of each testing period the sum of:
Collateral Performance Indicator means as of any test date, the sum of: (a) Net Charge-Offs of Receivables for the 12 month period ending on such date, as a percentage of Principal Receivables outstanding during such 12 month period, plus (b) the average for the three (3) months then ended on such date of Receivables more than 60 days past due on a contractual basis as of the last day of each such month, as a percentage of gross Receivables on the last day of each such month.
Collateral Performance Indicator means, calculated as of the first day of each month, the sum of the Past Due Percent, the Repossession Percent and the Net Charge‑Off Percent.
Collateral Performance Indicator means as of the end of each calendar month, and solely with respect to those Finance Receivables of the Borrower and the Restricted Subsidiaries (excluding any Insurance Subsidiary), the sum of (a) the rolling three (3) month average sixty plus (60+) day delinquency percentage (the percentage defined as (x) Finance Receivables (excluding Permitted Facility Receivables) for which payment is sixty (60) or more days contractually past due, divided by (y) total Finance Receivables at such date); plus (b) (i) net charge-offs for the eight (8) month period ending on such date divided by (ii) average net Finance Receivables during the eight (8) month period ending on such date.
Collateral Performance Indicator means as of the end of each calendar month, the sum of: the rolling three (3) month average 30+ day delinquency percentage (the percentage defined as (x) Receivables for which payment is thirty (30) or more days contractually past due, divided by (y) total Receivables at such date); plus (i) net charge-offs for the twelve (12) month period ending on such date divided by (ii) average Principal Receivables during the twelve (12) month period ending on such date; plus (i) Receivables for which the related collateral has been repossessed or assigned for repossession, divided by (ii) total Receivables. “Collateral Pledge Agreement” means, individually, and “Collateral Pledge Agreements” 116549.01103/127129470v.6
Collateral Performance Indicator means as of the end of each testing period the sum of (i) (a) monthly average of WFFPC Receivables greater than 60 days contractually past due as of the end of the last three calendar months, divided by (b) average total WFFPC Receivables as of the end of the last three calendar months and (ii) (a) net charge-offs of WFFPC Receivables for the 12 month period ending on such date, divided by (b) average net WFFPC Receivables outstanding during such twelve month period.