Net Credit Loss definition
Net Credit Loss means, for any Collection Period, the aggregate Principal Balances of all Receivables that were charged-off as uncollectible during such Collection Period (net of all Recoveries with respect to the Receivables received in such Collection Period).
Net Credit Loss means, for any calendar quarter, the aggregate "Net Credit Loss" for such calendar quarter with respect to the Parent's business units referred to as the Technology and Finance Group and the Business Credit Group as reported by the Parent to the investment community.
Net Credit Loss has the meaning set out in Section 3. of Attachment D.
Examples of Net Credit Loss in a sentence
For the avoidance of doubt, in the event the Net Credit Loss Percentage for any preceding Collection Period exceeded 5.00%, or if the payment of the Notes has been accelerated and such acceleration has not been rescinded in accordance with this Indenture, the amounts in the Deposit Account shall be paid in accordance with Section 5.04(b).
For the avoidance of doubt, in the event the Net Credit Loss Percentage for any preceding Collection Period exceeded 5.00%, or if payment of the Notes has been accelerated and such acceleration has not been rescinded in accordance with this Indenture, the amounts in the Deposit Account shall be paid in accordance with Section 5.04(b).