Loss Horizon definition

Loss Horizon means, as of any date, the product of (a) a ratio (expressed as a percentage) computed by dividing (i) the aggregate Outstanding Balance of all Receivables acquired by the Seller during the nine most recently ended calendar months by (ii) the aggregate Outstanding Balance of all Receivables that are not more than 270 days past due as of the last day of the most recently ended calendar month times (b) the highest average Default Ratio for any consecutive three month period during the immediately preceding 12-month period.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Loss Horizon means, on any day, the amount obtained by dividing (i) the sum of all Receivables which arose during the two Settlement Periods immediately preceding such day plus 0.50 times the sum of all Receivables which arose during the third Settlement Period immediately preceding such day by (ii) the Net Receivables Balance as of the end of the preceding Settlement Period.

Loss Horizon means, as of any date, the product of (a) a ratio (expressed as a percentage) computed by dividing (i) the sum of (A) the aggregate Outstanding Balance of all non-Medicare Receivables acquired by the Transferor during the seven (7) most recently ended calendar months plus (B) the aggregate Outstanding Balance of all Medicare Receivables acquired by the Transferor during the three (3) most recently ended calendar months, by (ii) the Net Receivable Balance as of the last day of the most recently ended calendar month and (b) the highest average Adjusted Default Ratio for any consecutive three (3) month period during the immediately preceding 12-month period.

Examples of Loss Horizon in a sentence

• The "Modeling Assumptions" will be, collectively, the Expected Cumulative Loss Expectation, Loss Multiple, the Loss Horizon and the Additional Modeling Assumptions.

• B.1. The calculation method for the Default Reserve Rate The Default Reserve Rate is the higher of • the Default Reserve Floor; and • Default Ratio * Loss Horizon Ratio * the Default Stress Factor • The ‘Default Reserve Floor’ is the minimum - expressed as a percentage - level of the ‘Default Reserve Rate’.

• The Default Reserve Rate is the higher of • the Default Reserve Floor; and • Default Ratio * Loss Horizon Ratio * the Default Stress Factor • The ‘Default Reserve Floor’ is the minimum - expressed as a percentage- level of the ‘Default Reserve Rate’.

• 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".

• Default Ratio - Collections: Loss Horizon Ratio - Total Dilution: Loss Reserve - Discounts - Write-offs: Dilution Ratio + Recoveries LTM Avg.

More Definitions of Loss Horizon

Loss Horizon means, on any date, (A) the aggregate billed sales made by the Originators during the three (3) most recently ended Settlement Periods plus 9/30 times the billed sales made by the Originators during the fourth (4th) preceding month, divided by (B) the aggregate Outstanding Balance of all Pool Receivables as of the last day of such month.

Loss Horizon means, in respect of any Collection Period, a ratio equal to (a) the cumulative gross sales of the Originators over the four most recently ended Collection Periods over (b) the Net Receivables Balance at the end of such Collection Period.

Loss Horizon equals the sum of 90 days plus the Weighted Average Term calculated among all Origination Agreements as of the Settlement Date.

Loss Horizon means the number four (4) (or such other number reasonably determined by the Agent from time to time following any audit performed pursuant to clause (h) of Exhibit IV and/or any other time in consultation with the Sellers or the Servicers, in each case determined based upon the performance of the Receivables Pool).

Loss Horizon means, on any day, the ratio (expressed as a decimal) of (i) the aggregate Credit Sales during the four most recent Fiscal Months by (ii) the Net Receivables Pool Balance as of such day.

Loss Horizon means the number four (4).

Loss Horizon means the time period between a sale and the recognition of a loss.