Loss Rate. With respect to each Quarterly Determination Date during the Revolving Period, for all Dealers with Dealer Loans constituting Collateral, the ratio (expressed as a percentage) at any time the same is to be determined, where (i) the numerator of which is equal to the Cash Advance Loss at such time, if any, and (ii) the denominator of which is equal to the sum of Credit Acceptance’s original cash advances for all Dealer Loans and all of its other dealer loans not pledged hereunder at such time.
Loss Rate means in relation to a Collection Period, the percentage equivalent of (a) the sum of (i) the aggregate Collateral Losses, (ii) aggregate Negative Adjustments and (iii) aggregate Principal Deficiencies, in each case for that Collection Period, multiplied by (b) 12, divided by (c) the BOP Receivables Balance.
Loss Rate. With respect to each Quarterly Determination Date during the Revolving Period, for all dealers, the ratio (expressed as a percentage) at any time the same is to be determined, where (i) the numerator of which is equal to the Cash Advance Loss at such time, if any, and (ii) the denominator of which is equal to the sum of Credit Acceptance’s original cash advances for all dealer loans.
Examples of Loss Rate in a sentence
On each Quarterly Determination Date, the Servicer shall deliver to the Deal Agent and the Collateral Agent a report in form and substance reasonably satisfactory to the Deal Agent which sets forth the Loss Rate as of the most recent month-end in respect of the Servicer’s entire dealer loans portfolio which shall be aggregated by Dealer.
More Definitions of Loss Rate
Loss Rate means, with respect to each Financing Contract, the loss rate set forth on Annex B to the Agreement, as determined by reference to the Credit Classification and Market Segment of such Financing Contract (as determined as of the date such Financing Contract was credit approved).
Loss Rate. As defined in the Multi-Party Agreement.
Loss Rate. At any time of determination, the aggregate principal amount of the SBA Lender's 7(a) Loans
Loss Rate has the meaning set forth in Section 2.2(f) of the Canadian Purchase and Sale Agreement.
Loss Rate means a percentage established from time to time by the Originator and Buyer and specified in the Funding Report delivered in the month preceding such Monthly Period that reflects the anticipated loss rate with respect to the Receivables to be sold in such Monthly Period or, in the event the Originator and Buyer do not establish a new Loss Rate for any Monthly Period, the Loss Rate that was in effect for the prior Monthly Period. The Loss Rate for the first Monthly Period shall be 0.10%. “Profit Discount” means 0.25%.
Loss Rate means the total annual dollar amount of charged-off Accounts, net of recoveries, divided by the average annual amount of outstandings.