Portfolio Delinquency Ratio definition
Portfolio Delinquency Ratio. As of any Determination Date, the percentage equivalent of a fraction, (i) the numerator of which is equal to the sum of the Portfolio Outstanding Asset Balances of all Delinquent Portfolio Assets on such date and (ii) the denominator of which is equal to the Portfolio Aggregate Outstanding Asset Balance on such date; provided that, such calculation shall exclude the effects of any Liquid Real Estate Assets that are acquired and levered by the Originator solely to satisfy REIT asset and income tests.
Portfolio Delinquency Ratio means, for any Monthly Period, the ratio obtained by dividing (i) the Aggregate Outstanding Balance of all receivables included in the Managed Serviced Portfolio which are Delinquent Receivables on the last day of such Monthly Period by (ii) the Aggregate Outstanding Balance of all receivables included in the Managed Serviced Portfolio as of the close of business on the last day of such Monthly Period.
Portfolio Delinquency Ratio means, on any day, the average of the Portfolio Monthly Delinquency Ratios for the three most recently completed Collection Periods.
Examples of Portfolio Delinquency Ratio in a sentence
Net Book Value of all Receivables in managed portfolio $ 0.00 Managed Portfolio Delinquency Ratio as of Month End Date (i / ii) 0.00 % Managed Portfolio Delinquency Ratio as of prior Month End Date 0.00 % Managed Portfolio Delinquency Ratio as of second prior Month End Date 0.00 % i.
As of any Determination Date, the percentage equivalent of a fraction (i) the numerator of which is equal to the sum of (1) the Portfolio Delinquency Ratio on such Determination Date and (2) the Portfolio Delinquency Ratio on the two (2) immediately preceding Determination Dates and (ii) the denominator of which is equal to three (3).
More Definitions of Portfolio Delinquency Ratio
Portfolio Delinquency Ratio means, as of any date, the average delinquency ratio (expressed as a percentage) of the Delinquent Accounts of the Borrower and its Subsidiaries compared to the average balance of Historical Accounts for the Borrower and its Subsidiaries, in each case measured for the Fiscal Quarter ending on or immediately prior to such date, as reported in a manner consistent with past practice as of the Closing Date.
Portfolio Delinquency Ratio has the meaning assigned to it in the Receivables Financing Agreement.
Portfolio Delinquency Ratio means, in respect of this Transaction, on each Settlement Date, (but prior to the distributions contemplated by Sections 2.3(2) and 2.3(3)), the average of (i) the Net Book Value of Purchased Assets having Loan Receivables in excess of 10% of the amount of the Billings for a calendar month past due by more than 60 days from their contractual due date (without reference to any extension of such contractual due date permitted in accordance with Section 6.2(c)), divided by (ii) the Net Book Value of the Purchased Assets on the last day of such calendar month, as determined with respect to each of the three most recently completed calendar months and expressed as a percentage; provided that, for the first and second Settlement Dates following the month in which the Closing Date occurs, the Portfolio Delinquency Ratio shall be determined by reference only to the most recently completed calendar month and the two most recently completed calendar months, respectively.
Portfolio Delinquency Ratio means, as of any Determination Date, the percentage equivalent of a fraction, (i) the numerator of which is equal to the sum of the Outstanding Loan Balances of all Portfolio Loans that are Delinquent Loans as of such Determination Date, and (ii) the denominator of which is equal to the sum of the Outstanding Loan Balances of all Portfolio Loans as of the first day of the calendar month related to such Determination Date.