Default Horizon Ratio definition

Default Horizon Ratio means, as of any Cut-Off Date, the ratio (expressed as a decimal) computed by dividing (i) the aggregate sales generated by the Originators during the period ending on such Cut-Off Date and consisting of three (3) Calculation Periods plus the related Specified Period, by (ii) the Net Pool Balance as of such Cut-off Date.

Default Horizon Ratio means, as of any Cut-Off Date, the ratio (expressed as a decimal) computed by dividing (i) the aggregate amount of Receivables originated by the Originators during the four Calculation Periods ending on such Cut-Off Date, by (ii) the Net Pool Balance as of such Cut-off Date.

Default Horizon Ratio means, as of any Cut-Off Date, the ratio (expressed as a decimal) computed by dividing (i) the aggregate sales generated by the Originators during the three Calculation Periods ending on such Cut-Off Date, by (ii) the Net Pool Balance as of such Cut-off Date.

Examples of Default Horizon Ratio in a sentence

• For any Calculation Period, the product (expressed as a percentage) of (i) 2.0, times (ii) the highest three-month rolling average Default Ratio during the 12 Calculation Periods ending on the immediately preceding Cut-Off Date, times (iii) the Default Horizon Ratio as of the immediately preceding Cut-Off Date.

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• For any Calculation Period, the product (expressed as a percentage) of (i) the Stress Factor times (ii) the highest three-month rolling average Default Ratio during the 12 Calculation Periods ending on the immediately preceding Cut-Off Date, times (iii) the Default Horizon Ratio as of the immediately preceding Cut-Off Date.

• Effective as of the date hereof in accordance with Section 2 of this Amendment, the Agreement is hereby amended to reflect the changes to the definitions of "Default Horizon Ratio" and "Eligible Receivable" set forth in Annex A.

• For any Calculation Period, the product (expressed as a percentage) of (i) the Stress Factor, times (ii) the highest three-month rolling average Default Ratio during the 12 Calculation Periods ending on the immediately preceding Cut-Off Date, times (iii) the Default Horizon Ratio as of the immediately preceding Cut-Off Date.

More Definitions of Default Horizon Ratio

Default Horizon Ratio. As of any Cut-Off Date, the ratio (expressed as a percentage) of (i) the aggregate sales of the Originators during the immediately preceding five (5) Collection Periods ending on such Cut-Off Date divided by (ii) the Net Pool Balance on such Cut-Off Date.

Default Horizon Ratio means, as of any Cut-Off Date, the ratio (expressed as a decimal) computed by dividing

Default Horizon Ratio at any time means the ratio (expressed as a percentage) computed as of the Cut-Off Date for the next preceding Settlement Period by dividing the aggregate sales of the Originator generated during the most recent five (5) Settlement Periods by the aggregate Unpaid Balance of all Eligible Receivables as of the most recent Cut-off Date;

Default Horizon Ratio means, as of the last day of each Fiscal Month, the ratio of (i) the aggregate three Fiscal Months sales ending on such date divided by (ii) the Eligible Receivables Balance on such date.

Default Horizon Ratio means, as of the last day of each Settlement Period, the ratio (expressed as a decimal) computed by dividing (i) the aggregate Receivables generated by the Originators during the three Settlement Periods (or such other Settlement Periods or fractions thereof as the Administrative Agent may request based on the results of an inspection conducted pursuant to Section 26.2(c), if the results of such inspection indicate that the requested number of Settlement Periods is more representative of the actual default horizon) ending on such day, by (ii) the Aggregate Receivables Amount as of such day.

Default Horizon Ratio. “Dilution Reserve”, “Eligible Receivable”, “Purchase Price”, “Net Pool Balance” and “Required Reserve” or (I) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (H) above in a manner that would circumvent the intention of the restrictions set forth in such clauses. Any modification or waiver made in accordance with this Section 12.1 shall be binding upon each of the parties hereto.

Default Horizon Ratio means, as of any Cut-Off Date, the ratio (expressed as a decimal) computed by dividing (i) the aggregate sales generated by the Sellers during the last three months (or such other period as the Administrative Agent may determine based on a Review) ending on such Cut-Off Date, by (ii) the Net Receivables Balance as of such Cut-off Date.