Loss Reserve Ratio definition

Loss Reserve Ratio means, for any Calculation Period, the product of (a) the Stress Factor, (b) the highest three-month average, during the twelve-month period ending on the most recent Month End Date, of the Default Ratio and (c) the Loss Horizon Ratio for such Calculation Period.

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Loss Reserve Ratio means, as of any date of determination, the ratio (expressed as a percentage) calculated in accordance with the following formula:

Loss Reserve Ratio means, as of any date, an amount calculated as follows:

Examples of Loss Reserve Ratio in a sentence

• At any time other than during an Exception Funding Period, the sum of (i) the Net Pool Balance on such date of calculation multiplied by the greater of (a) the sum of the Loss Reserve Ratio on such date of calculation and the Dilution Reserve Ratio on such date of calculation; and (b) the Minimum Reserve Ratio on such date of calculation; (ii) the Yield Reserve on such date of calculation; and (iii) the Servicing Fee Reserve on such date of calculation (such sum, the “Standard Reserves”).

• On each Determination Date, the Master Servicer shall deliver to the Agent, the VFC Certificateholders, the Trustee and the Rating Agency a Monthly Settlement Statement substantially in the form attached hereto as Exhibit E-1 setting forth, among other things, the Loss Reserve Ratio, the Dilution Reserve Ratio, the Carrying Cost Reserve Ratio and the Servicing Reserve Ratio, each as recalculated for the next succeeding Settlement Period.

• On each Determination Date, the Master Servicer shall deliver to the Enhancement Provider, the Trustee and each Rating Agency a Monthly Settlement Statement substantially in the form attached hereto as Exhibit E-1 setting forth, among other things, the Loss Reserve Ratio, the Dilution Reserve Ratio, the Carrying Cost Reserve Ratio and the Servicing Reserve Ratio, each as recalculated for the next succeeding Settlement Period.

• The Company may only purchase the Receivables and other Transferred Assets on the Initial Closing Date if, as of such date the Company has a minimum amount of equity equal to the sum of: (i) the product of the Net Eligible Receivables and the Loss Reserve Ratio for the "BBB" rated Certificates; (ii) the amount in excess of the Concentration Limit for the top three Obligors in the trust pool; and (iii) the dollar amount of Receivables in the trust pool 151 days or more past the invoice date.

• On each Settlement Report Date (commencing with June 11, 2001), the Master Servicer shall deliver to the Trustee and the Agent a Monthly Settlement Statement (in the form of Exhibit E) setting forth, among other things, the Loss Reserve Ratio, the Dilution Reserve Ratio and the Minimum Ratio, each as recalculated for the next succeeding Settlement Period.

More Definitions of Loss Reserve Ratio

Loss Reserve Ratio means, on any Settlement Report Date, and continuing until (but not including) the next Settlement Report Date, an amount (expressed as a percentage) that is calculated as follows: LRR = [(a x b)/c] x d x e where:

Loss Reserve Ratio for any Calculation Period means the product of (a) 2.25, multiplied by (b) the Peak Default Ratio for such Calculation Period, multiplied by (c) the Loss Horizon Ratio for such Calculation Period.

Loss Reserve Ratio means, for any Calculation Period, the product, expressed as a percentage, of (a) the Stress Factor, (b) the highest three-month average, during the twelve-month period ending on the most recent Month End Date, of the Default Ratio and (c) the Loss Horizon Ratio for such Calculation Period.

Loss Reserve Ratio means, as of any Monthly Reporting Date and continuing to (but excluding) the next succeeding Monthly Reporting Date, a percentage determined as of the last day of the immediately preceding Monthly Period equal to the product of (i) the Stress Factor on such date, (ii) the Loss Horizon Ratio on such date and (iii) the Loss Spike.

Loss Reserve Ratio means, as of the last day of each Settlement Period, the product (expressed as a percentage) of (a) 2.50, times (b) the highest three-month rolling average Defaulted Receivables Ratio during the 12 immediately preceding Settlement Periods, times (c) the Default Horizon Ratio as of the end of the immediately preceding Settlement Period.

Loss Reserve Ratio means, as of any Monthly Reporting Date and continuing until (but not including) the next Monthly Reporting Date, an amount (expressed as a percentage) that is calculated as follows:

Loss Reserve Ratio. “Dilution Reserve Ratio,” “Yield Reserve Ratio,” “Servicing Reserve Ratio,” “Servicing Fee Percentage,” “Required Reserves Ratio” or “Required Reserve Factor Floor,” or amend or modify any defined term used directly or indirectly in such defined term), the consent of any remaining Funding Agent cannot unreasonably be withheld or delayed.