Dynamic Loss Reserve Percentage definition

Dynamic Loss Reserve Percentage means a percentage equal to the product of (i) Stress Factor, (ii) the highest average of the Loss Ratios for any three consecutive calendar months during the twelve most recent calendar months and (iii) the Loss Horizon Ratio.

Dynamic Loss Reserve Percentage means, on any date, the product of (i) two and one-quarter (2.25) and (ii) the highest average of the Default Ratios for any three (3) consecutive Settlement Periods during the twelve most recently ended Settlement Periods and (iii) the Loss Horizon.

Dynamic Loss Reserve Percentage means, as of any Monthly Reporting Date and contiuning to (but exlcuding) the next succeeding Monthly Reporting Date, a percentage determined as of the last day of the immediately preceding Monthly Period equal to the product of (i) the Stress Factor on such date, (ii) the Loss Horizon Ratio on such date and (iii) the highest average Loss Ratio for any three (3) consecutive Monthly Periods during the preceding twelve (12) Monthly Periods.

Examples of Dynamic Loss Reserve Percentage in a sentence

• The definition of "Dynamic Loss Reserve Percentage" that appears in Appendix A to the Receivables Purchase Agreement is hereby amended by deleting the word "three" where it appears in the description of the Loss Horizon therein and substituting therefor the word "two".

• For the avoidance of doubt, the foregoing shall not modify the definition or calculation of “Dynamic Loss Reserve Percentage” or “Loss Ratio” for any other purpose (including for purposes of Section 9.01(i) of the Amended Receivables Financing Agreement) or for any Fiscal Month other than April 2023, and the Dynamic Loss Reserve Percentage and Loss Ratio for April 2023 shall be calculated in accordance with the current definitions thereof except as expressly provided in this Section 2.

• The Dynamic Loss Reserve Percentage for any day that occurred in the Fiscal Month of April 2023 shall be calculated after giving effect to the following modification to the Original Receivables Financing Agreement’s definition of “Loss Ratio”: any Pool Receivable for which Ace Hardware Corporation is the Obligor shall be excluded from clause (a)(i) of the definition of “Loss Ratio”.

More Definitions of Dynamic Loss Reserve Percentage

Dynamic Loss Reserve Percentage means, on any day, a percentage determined as follows: where: SF = 2.0 LR = the highest averaged Default Ratio for any three (3) consecutive Settlement Periods observed over the preceding 12 Settlement Periods; and LHR = Loss Horizon Ratio on such day.

Dynamic Loss Reserve Percentage means a percentage calculated as the product of: (i) the Loss Ratio, times; (ii) the Stress Factor, where: Loss Ratio = the most recent 12-month rolling average Sales-Based Default Ratio; Stress Factor = 1.0 x.

Dynamic Loss Reserve Percentage means, on any date, the product of (i) the Stress Factor, (ii) the Loss Horizon, and (iii) the highest Three-Month Default Ratio during the twelve calendar month period then most recently ended.

Dynamic Loss Reserve Percentage shall be measured as an amount calculated pursuant to the following formula: DLRP = LR x LH x SF where: DLRP = the Dynamic Loss Reserve Percentage; LR = the Loss Ratio, which shall be equal to the highest average of the Sales-Based Default Ratios for any three consecutive calendar months during the previous twelve calendar months; LH = the Loss Horizon, which shall be equal to the cumulative Sales over the previous three months divided by the Net Pool Balance as of the most recent Cut-Off Date; and SF = the Stress Factor, which shall be 2.

Dynamic Loss Reserve Percentage means, for any Collection Period, the product calculated as of the last day of such Collection Period of (i) the highest Sales-Based Default Ratio for the preceding twelve (12) Collection Periods ending on such day, (ii) the Loss Horizon Ratio and (iii) the Stress Factor.

Dynamic Loss Reserve Percentage means, on any day, a percentage determined as follows:

Dynamic Loss Reserve Percentage means, on any day: