Cumulative Loss Ratio means, as of any Distribution Date, the fraction (expressed as a percentage) computed by the Servicer by dividing (i) the aggregate Net Liquidation Losses for all Contracts since the related Cutoff Date through the end of the related Due Period by (ii) the sum of (A) the Principal Balance of the Contracts as of the Initial Cutoff Date plus (B) the Principal Balance of any Subsequent Contracts as of the related Subsequent Cutoff Date plus (C) the Pre-Funded Amount.
Cumulative Loss Ratio means, as of any Distribution Date, the fraction (expressed as a percentage) computed by the Servicer by dividing (i) the aggregate Net Liquidation Losses for all Contracts since the related Cutoff Date through the end of the related Due Period by (ii) the sum of (A) the Principal Balance of the Contracts as of the Cutoff Date plus (B) the Principal Balance of any Subsequent Contracts as of the related Subsequent Cutoff Date.
Cumulative Loss Ratio means, as of any date of determination, the sum of the Monthly Loss Ratios for the twelve calendar months preceding such date of determination.
Examples of Cumulative Loss Ratio in a sentence
The Cumulative Loss Ratio for such Distribution Date (the quotient of a.
As provided on the assumptions of section 4.10 of the Securities Notes, the Subordination Event will occur on September 2022, after the Revolving Period is finished, once the Cumulative Loss Ratio exceeds the trigger level of 1.30%.
The Cumulative Loss Ratio for such Distribution Date (the quotient of $_____________ a.
Section 6.01(b) of the Sale and Servicing Agreement is hereby amended by inserting the following after clause (29) as clause (30): (30) the Cumulative Loss Ratio for the loans originated in each year, beginning with 1997, for which the Pool Factor is, as of the Remittance Date for which the report is given, 25% or more.
More Definitions of Cumulative Loss Ratio
Cumulative Loss Ratio means the ratio of (a) the Cumulative Reported Net Losses recognized with respect to the contracts in the contract pool over (b) the Initial Contract Pool Principal Balance.
Cumulative Loss Ratio means, as of the Determination Date immediately preceding any Payment Date, the ratio between:
Cumulative Loss Ratio means, in respect of each Collection Period, the ratio (expressed as a percentage) of (A) the sum of (i) the Aggregate Outstanding Principal Amount of all Purchased Receivables which have become Defaulted Receivables during such Collection Period (net of recoveries) as determined in the Detailed Investor Report relating to such Collection Period (and set out under the item "Current Period Net Default" therein) and (ii) the aggregate principal amount (at the time of default) of all Purchased Receivables which became Defaulted Receivables prior to such Collection Period (net of recoveries and as set out in the Detailed Investor Report relating to the immediately previous Collection Period under the item "Cumulative Net Default") divided by (B) the sum of (x) the Aggregate Outstanding Principal Amount as at the end of such Collection Period (including for the avoidance of doubt the Outstanding Principal Amount of all Additional Receivables purchased by the Issuer during the relevant Collection Period) as determined in the Detailed Investor Report relating to such Collection Period and (y) the aggregate original principal amount of all Purchased Receivables which were repaid by the respective Debtors since the Note Issuance Date;
Cumulative Loss Ratio. (if Cumulative Loss Ratio is equal to or greater than (i) 1.25% with respect to any Distribution Date which occurs within the period from the Closing Date to, and inclusive of, the first anniversary of the Closing Date, (ii) 1.75% with respect to any Distribution Date which occurs within the period from the day after the first anniversary of the Closing Date to, and inclusive of, the second anniversary of the Closing Date, (iii) 2.25% for any Distribution Date while occurs within the period from the day after the second anniversary of the Closing Date to, and inclusive of the third anniversary of the Closing Date, or (iv) 2.50% following the third anniversary of the Closing Date, then a Reserve Fund Trigger Event has occurred) _____% EXHIBIT J [Seller's Representations and Warranties]
Cumulative Loss Ratio means, for any applicable period, the ratio of Ceded Losses from (and including) the Effective Date to (and including) the last day of such period to Gross Ceded Premium from (and including) the Effective Date to (and including) the last day of such period.
Cumulative Loss Ratio. (if Cumulative Loss Ratio is Ratio >= (i) .75% with respect to any Distribution Date which occurs within the period from the Closing Date to, and inclusive of, the first anniversary of the Closing Date, (ii) 1.50% with respect to any Distribution Date which occurs within the period from the day after the first anniversary of the Closing Date to, and inclusive of, the second anniversary of the Closing Date, or (iii) 1.75% for any Distribution Date following the second anniversary of the Closing Date Ratio>= than a Reserve Fund Trigger Event). _____%
Cumulative Loss Ratio. With respect to all mortgage loans originated in the same calendar year (each year’s loans being considered as a single pool) and serviced by Option One (whether or not such mortgage loans are sold or contributed to the Depositor), beginning with mortgage loans originated in 1997 (measured on a static pool basis) the cumulative losses on each such pool expressed as a percentage of the original principal balance of each such pool.