Delinquency Level means for any Due Period, the sum of the Loan Balances of Timeshare Loans (other than Defaulted Timeshare Loans or Force Majeure Loans) that are 61 days or more delinquent on the last day of such Due Period divided by the Aggregate Loan Balance on the first day of such Due Period, expressed as a percentage.
Delinquency Level means, for any Due Period, the sum of the Loan Balances of all Timeshare Loans (other than Defaulted Timeshare) that are 61 days or more delinquent on the last day of such Due Period (as determined by the Servicer in accordance with the Servicing Standard) divided by the Aggregate Loan Balance on the last day of such Due Period (expressed as a percentage).
Delinquency Level means, for any Collection Period, the quotient (expressed as a percentage) of (i) the sum of the Solar Loan Balances of all Eligible Solar Loans that became Delinquent Solar Loans during such Collection Period, divided by (ii) the Aggregate Solar Loan Balance on the first day of such Collection Period.
Examples of Delinquency Level in a sentence
Any change in the Delinquency Level, Default Level and/or Cumulative Default Level will be noted in the Buyer Commitment Purchase Confirmation or the Buyer Purchase Confirmation, as applicable.
Delinquency Level: 4.00% during the Commitment Purchase Period, subject to adjustment at any time by the Buyer.
More Definitions of Delinquency Level
Delinquency Level means for any Due Period, the sum of the Loan Balances of Timeshare Loans (other than Defaulted Timeshare Loans or Force Majeure Loans)
Delinquency Level means, as at any Collection Date, the ratio expressed as a percentage between:
Delinquency Level. With respect to any Series for any Due Period, the sum of the Collateral Values as of the Calculation Date occurring in such Due Period of all Delinquent Contracts supporting such Series as of such Calculation Date, divided by the Aggregate Collateral Value of such Series on the Calculation Date immediately preceding such Due Period.
Delinquency Level means for any Due Period, the amount equal to the sum of the loan balances of the Securitized Portfolio or Warehouse Portfolio, as the case may be, that are more than 60 days but less than 181 days delinquent divided by the aggregate loan balance of all Timeshare Loans in the Securitized Portfolio or Warehouse Portfolio, as applicable.
Delinquency Level means for any Due Period, the amount equal to the sum of the loan balances of the Securitized Portfolio or Warehouse Portfolio, as the case may be, that are more than 60 days but less than 181 days delinquent divided by the aggregate loan balance of all Timeshare Loans in the Securitized Portfolio or Warehouse Portfolio, as applicable.