Loss Ratio Trigger means, at any time, a percentage equal to (i) the aggregate Outstanding Balance of all Receivables that were Defaulted Receivables at such time, divided by (ii) the aggregate Outstanding Balance of all Receivables at such time.
Loss Ratio Trigger. “Net Receivables Balance,” “Required Reserve Floor,” “Required Reserves,” “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 and the Agent promptly notifies Seller of such amendment. 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 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.
Examples of Loss Ratio Trigger in a sentence
Loss Ratio Trigger Table Operating Loss Ratio in excess of 55% 0% rebate Operating Loss Ratio between 45% and 54% 5% rebate Operating Loss Ratio between 35% and 44% 7.5% rebate Operating Loss Ratio between 23% and 34% 10% rebate Operating Loss Ratio below 23% 12.5% rebate 4.
Loss Ratio Trigger Table Operating Loss Ratio in excess of 59% 0% rebate Operating Loss Ratio between 49% and 59% 5% rebate Operating Loss Ratio between 39% and 49% 7.5% rebate Operating Loss Ratio between 29% and 39% 10% rebate Operating Loss Ratio below 29% 12.5% rebate 4.
More Definitions of Loss Ratio Trigger
Loss Ratio Trigger shall have the meaning set forth in Schedule A attached hereto.
Loss Ratio Trigger means (i) on the last day of any month from and including February 28, 2009 to and including October 31, 2009, 10.00%, (ii) on the last day of any month thereafter except during the period from January 1, 2010 to March 31, 2010, 12.00% and (iii) on the last day of any month during the period from January 1, 2010 to March 31, 2010, 12.25%.
Loss Ratio Trigger means for any consecutive three month period the percentage resulting from dividing (a) Loss incurred in such three month period by (b) the average Flatiron funding principal balance for such three month period. Advances under the Funding Documents shall be subject to the portfolio of Premium Receivables producing a Loss Ratio which does not exceed 5.0%.
Loss Ratio Trigger means, as of the last day of any calendar month, 9.5%.
Loss Ratio Trigger shall be one percent (1.0%).