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”.