Net Loss Ratio definition

Net Loss Ratio means, for any Collection Period, the ratio, expressed as an annualized percentage, of (a) Realized Losses minus Recoveries for such Collection Period, to (b) the average of the Pool Balances on the first day of such Collection Period and the last day of such Collection Period.

Net Loss Ratio means, for any Payment Date, the ratio, expressed as an annualized percentage, of (i) the Aggregate Net Losses for such Payment Date to (ii) the average of the Pool Balances on each of the related Settlement Date and the last day of the related Collection Period.

Net Loss Ratio means, for any period of time, the ratio of Losses Incurred during such period to net Premiums Earned for such period.

Examples of Net Loss Ratio in a sentence

• The Cumulative Net Loss Ratio on any payment date will be the ratio, expressed as a percentage, of (a) the aggregate Realized Losses on the receivables since the Cutoff Date through the last day of the related calendar month, to (b) the Pool Balance as of the Cutoff Date.

• Two differences between the two standards account for the change in the Net Loss Ratio reported in the revised Servicer Certificate from the Net Loss Ratio calculated in accordance with the servicer's customary servicing procedures: 1) Under the DART 2000-1 Servicing Agreement the servicer must recognize the entire amount of a bankrupt account as a loss when the obligor files for bankruptcy rather than when the seller determines the actual amount of loss.

• If the Participating Companies cannot agree as to the calculation of the Net Loss Ratio or Management Fee Percentage, within 30 days of receiving the appropriate report, the calculation shall be arbitrated.

• If the parties cannot agree as to the calculation of the Net Loss Ratio or ceding commission, within 30 days of receiving the appropriate report, the calculation shall be arbitrated.

• The Reinsurer shall have the right to terminate this Agreement as of the date twenty four (24) months after the Effective Date and annually thereafter by giving sixty (60) days prior written notice by certified or registered mail to the Company if the sum of the Net Loss Ratio plus (weighted) ceding commission percentage hereunder for the Business Covered hereunder since the Effective Date equals or exceeds 99 % at the end of the calendar quarter immediately preceding the date of such notice.

More Definitions of Net Loss Ratio

Net Loss Ratio means, as of the last day of any month, a fraction, expressed as a percentage, the numerator of which is the product of (i) the sum of the Net Loss for such month and the two immediately preceding months, to the extent such months exist, and (ii) a factor of 12 divided by the number of months included in the sum in clause (i), and the denominator of which is the average of the Aggregate Principal Balance on the first day of the month and the first day of the two immediately preceding months, to the extent such months exist.

Net Loss Ratio shall have the same meaning it has in the Traditional Program Business Pooling Agreement.

Net Loss Ratio means, as of the last day of any Settlement Period, a fraction, expressed as a percentage, the numerator of which is the product of (i) the sum of the Net Loss for such Settlement Period and the two immediately preceding Settlement Periods, to the extent such Settlement Periods exist, and (ii) a factor of 12 divided by the number of Settlement Periods included in the sum in clause (i), and the denominator of which is the average of the Aggregate Principal Balance on the first day of the Settlement Period and the first day of the two immediately preceding Settlement Periods, to the extent such Settlement Periods exist.

Net Loss Ratio. For any Collection Period, the product of (a) the percentage equivalent of a fraction, the numerator which is the Outstanding Loan Balance of Charged-Off Loans during such Collection Period, and the denominator of which is the Aggregate Outstanding Loan Balance at the end of such Collection Period and (b) 12.

Net Loss Ratio. With respect to any Determination Date, the fraction expressed as a percentage, the numerator of which is equal to 12 times the excess of (A) the sum of Principal Balances plus accrued interest of all Receivables (as of the related Accounting Date) which become Liquidated Receivables during the related Monthly Period over (B) the Liquidation Proceeds received by the Issuer during the related Monthly Period and the denominator of which is equal to the Aggregate Principal Balance as of the related Accounting Date.

Net Loss Ratio means, for any Distribution Date, the amount expressed as a percentage equal to the product of (1) twelve and (2) (a) the Aggregate Net Losses for such Distribution Date, divided by (b) the average of the Pool Balances on each of the first day of the related Collection Period and the last day of the related Collection Period.

Net Loss Ratio means, for any Collection Period, an amount, expressed as a percentage, equal to (i) the product of (a) the Aggregate Net Losses minus Recoveries for such Collection Period, and (b) twelve divided by (ii) the average of the Pool Balances on each of the first day of such Collection Period and the last day of such Collection Period.