Common use of Cumulative Net Loss Ratio Test Clause in Contracts

Cumulative Net Loss Ratio Test. 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. POOL STATISTICS Collateral Composition Number of Loans at Beginning of Period Number of Loans at End of Period Weighted Average Coupon on Receivables Weighted Average Original Term on Receivables Weighted Average Remaining Term on Receivables Pool Factor

Cumulative Net Loss Ratio Test. 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. POOL STATISTICS Collateral Composition Number of Loans Receivables at Beginning of Period Number of Loans Receivables at End of Period Weighted Average Coupon on of Receivables Weighted Average Original Term on of Receivables Weighted Average Remaining Term on of Receivables Pool Factor

Cumulative Net Loss Ratio Test. 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 cutoff date through the last day of the related calendar month, to (b) the Pool Balance as of the Cutoff Datecutoff date. POOL STATISTICS Collateral Composition Number of Loans at Beginning of Period Number of Loans at End of Period Weighted Average Coupon on Receivables Weighted Average Original Term on Receivables Weighted Average Remaining Term on Receivables Pool Factor