Loan Loss Rate definition
Loan Loss Rate means, as of any date of determination, the percentage determined by dividing (x) the aggregate amount of charge-offs in respect of Managed Loans by the Company on a consolidated basis divided by (y) the average principal amount of Managed Loans on a trailing twelve (12) month basis.
Examples of Loan Loss Rate in a sentence
The Company and its Subsidiaries shall have, on a consolidated basis, as of the end of each Fiscal Quarter beginning with the Fiscal Quarter ending December 31, 2006 and as of the end of each Fiscal Quarter thereafter, a Loan Loss Rate for the twelve (12) month period then ended, of less than or equal to one and one half of one percent (1.5%).