Cumulative Collection Ratio definition
Cumulative Collection Ratio means, in respect of an Interest Payment Date, the percentage aggregate ratio, as indicated in the Servicer Report delivered immediately prior to such Interest Payment Date between: (a) the aggregate Net Collections received on or after the Issue Date and (b) the aggregate Net Expected Collections expected to be received on or after the Issue Date.
Cumulative Collection Ratio means, in respect of an Interest Payment Date the percentage aggregate ratio, as indicated in the immediately preceding Investor Report between: (i) the aggregate Net Collections received on or after the Closing Date and (ii) the aggregate Net Expected Collections expected to be received on or after the Closing Date.