Loss Horizon Factor definition
Loss Horizon Factor means, at any time, a fraction, the numerator of which equals the sum of (a) the aggregate Original Balance of all Billed Receivables originated during the two Accrual Periods ending immediately prior to the last day of the most recently ended Accrual Period and (b) the aggregate Original Balance of Unbilled Receivables as of the last day of the most recently ended Accrual Period, and the denominator of which equals the Net Receivables Balance as of the end of the most recently ended Accrual Period.
Loss Horizon Factor means for any date the ratio (expressed as a percentage) computed as of the last day of the most recently ended calendar month by dividing (i) the aggregate Outstanding Balance of all Receivables created during the two most recently ended calendar months plus the Unbilled Receivables for the most recent calendar month by (ii) the Net Receivable Pool Balance as of such date.
Loss Horizon Factor means, at any time, a percentage equal to (i) (x) the aggregate amount of Receivables, less the amount of such Receivables that are rebilled to the Obligor, originated during the four fiscal month period then most recently ended, plus (y) 50% of the aggregate amount of Receivables, less the amount of such Receivables that are rebilled to the Obligor, originated during the fourth fiscal month preceding the fiscal month then most recently ended, divided by (ii) the aggregate Outstanding Balance of all Non-Delinquent Receivables at the end of the fiscal month then most recently ended.
More Definitions of Loss Horizon Factor
Loss Horizon Factor. “Loss Reserve,” “Loss Percentage,” “Loss Ratio Trigger,” “Servicing and Yield Reserve,” “Stress Factor” and “Weekly Reporting Condition”; (C) amend, modify or waive any provision in Article IX; or (D) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (C) above in a manner that would circumvent the intention of the restrictions set forth in such clauses. Notwithstanding the foregoing, (i) without the consent of the Financial Institutions, but with the consent of Seller, the Agent may amend this Agreement solely to add additional Persons as Financial Institutions hereunder and (ii) the Agent, the Required Purchasers and each Company may enter into amendments to modify any of the terms or provisions of Article XI, Section 13.13 or any other provision of this Agreement without the consent of Seller, provided that such amendment has no negative impact upon Seller. Any modification or waiver made in accordance with this Section 13.1 shall apply to each of the Purchasers equally and shall be binding upon Seller, the Purchasers and the Agent.
Loss Horizon Factor means on any day during a Settlement Period, a ratio (expressed as a percentage) computed as of the Cut-Off Date for the next preceding Settlement Period by dividing (i) the aggregate original Unpaid Balances of all Pool Receivables arising during the five (5) immediately preceding calendar months ended on such Cut-Off Date by (ii) the Net Pool Balance as of such Cut-Off Date.
Loss Horizon Factor means, as of the end of any Monthly ------------------- Period, (i) the product of (x) the aggregate Unpaid Balance of the Receivables generated over the 3 Monthly Periods then ending times (y) a fraction, the numerator of which equals the Adjusted Applicable Payment Terms and the denominator of which equals 90 divided by (ii) the Net Eligible Receivables Balance as of the end of such Monthly Period.
Loss Horizon Factor means, at any time, a percentage equal to (i) the sum of (A) the aggregate amount of Receivables, less the amount of such Receivables that are rebilled to the Obligor, originated during the three calendar month period then most recently ended and (B) 25% of the aggregate amount of Receivables, less the amount of such Receivables that are rebilled to the Obligor, originated during the calendar month period four calendar months prior to the then most recently ended calendar month, divided by (ii) the aggregate Outstanding Balance of all Non-Delinquent Receivables at the end of the calender month period then most recently ended.
Loss Horizon Factor means, at any time, a percentage equal to (i) the gross amount of sales during the five (5) Calculation Periods then most recently ended, divided by (ii) the aggregate Net Receivables Balance at the end of the Calculation Period then most recently ended.
Loss Horizon Factor means, as of any date, a ratio (expressed as a percentage) computed by dividing (i) the aggregate Outstanding Balance (in each case, at the time of creation) of all Originator Receivables created by the
Loss Horizon Factor means, for any Cut-Off Date, a fraction, the numerator of which equals the aggregate Original Balance of all Receivables originated during the five immediately preceding calendar months, and the denominator of which equals the Net Pool Balance as of such Cut-Off Date.