Loss-to-Liquidation Ratio means the ratio (expressed as a percentage) computed as of the last day of each calendar month by dividing (i) the aggregate Outstanding Balance of all Receivables which became Defaulted Receivables during such month, by (ii) the aggregate amount of Collections received by the Collection Agent during such period.
Loss-to-Liquidation Ratio means, for any calendar month, the ratio (expressed as a percentage) of the outstanding balance of Charge-Offs made during such calendar month to the aggregate amount of Collections during such calendar month.
Loss-to-Liquidation Ratio means, for any period, the ratio of the outstanding balance of Charge-Offs to the aggregate amount of Collections during such period.
Examples of Loss-to-Liquidation Ratio in a sentence
Is the current Delinquency Ratio < 8% Yes / No Is the current 3-month rolling average Default Ratio < 25% Yes / No Is the current 3-month rolling average Dilution Ratio < 3.5% Yes / No Is the current 3-month rolling average Loss-to-Liquidation Ratio < 4% Yes / No Is Eligible Asset Interest < 100% Yes / No By signing below, I attest to the accuracy and completeness of the above information.
The calculation of the Delinquency Ratio and the Loss-to-Liquidation Ratio shall commence on July 31, 2009.
More Definitions of Loss-to-Liquidation Ratio
Loss-to-Liquidation Ratio means, as of the last Business Day of each month, a percentage equal to: DR/C where: DR= The Expected Net Value of all Purchased Receivables which became Defaulted Receivables in the four week period immediately prior to the date of calculation. C= Collections in the four week period immediately prior to the date of calculation.
Loss-to-Liquidation Ratio means, on any Monthly Report Date and continuing until (but not including) the next Monthly Report Date, the ratio (expressed as a percentage) of (i) the aggregate Outstanding Balance of all Receivables that became Charged-Off Receivables during the immediately preceding Monthly Settlement Period to (ii) the aggregate amount of Collections of Receivables actually received during the immediately preceding Monthly Settlement Period.
Loss-to-Liquidation Ratio means, on any date, an amount equal to the quotient of (i) the Loss Amount divided by (ii) the sum of (x) the total Collections that reduce the Outstanding Balance on the Receivables during the immediately preceding Fiscal Month, plus (y) the Loss Amount, where: Loss Amount = The sum of (A) the positive number representing the difference between (i) the Outstanding Balance of all Receivables which became Defaulted Receivables during the immediately preceding Fiscal Month minus (ii) the Outstanding Balance of all Receivables which ceased to continue to be Defaulted Receivables (solely as a consequence of any Obligor making a payment on any Defaulted Receivable) during the immediately preceding Fiscal Month, plus (B) the Outstanding Balance of all Receivables that are not Defaulted Receivables and the Obligor thereof has taken any action, or suffered any event to occur, of the type described in Section 9.1(d) (as if references to the Seller Party therein refer to such Obligor) during the immediately preceding Fiscal Month. The Loss Amount shall not be less than “zero”.
Loss-to-Liquidation Ratio means, as of the last day of any fiscal ------------------------- month, a percentage equal to (i) the amount of Charged-Off Receivables which became Charged-Off Receivables during such month, divided by (ii) the aggregate amount of Collections during such month.
Loss-to-Liquidation Ratio means, as at the last day of any Reporting Period, a percentage equal to (i) the sum of the amount of Charged-Off Receivables which became Charged-Off Receivables during the period, plus the aggregate amount of Receivables which are unpaid not less than 61 days and not more than 90 days from the original due date for such payment divided by (ii) the aggregate amount of Collections such period.
Loss-to-Liquidation Ratio or (H) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (G) above in a manner that would circumvent the intention of the restrictions set forth in such clauses;
Loss-to-Liquidation Ratio as of any date, is equal to the ratio (expressed as a percentage) of (i) the Dollar Equivalent of the aggregate outstanding balance of all Receivables that were written off by the Sellers during the twelve month period most recently ended prior to such date to (ii) the aggregate amount of such total sales giving rise to Receivables less the Dollar Equivalent of the total Diluted Receivables during such twelve month period.