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[ir] [c][C]utoff [d][D]ate through the last day of the related calendar month, to (b) [the sum of (i)] the Pool Balance as of the [initial] cutoff date [and (ii) the sum of the Contract Values of all receivables purchased with amounts on deposit in the pre-funding account, each as of the related cutoff date for the related receivable]. POOL STATISTICS Collateral Composition Number of Receivables at Beginning of Period Number of Receivables at End of Period Weighted Average Coupon of Receivables Weighted Average Original Term of Receivables Weighted Average Remaining Term of Receivables Pool Factor
Appears in 3 contracts
Samples: Sale and Servicing Agreement (CNH Capital Receivables LLC), Sale and Servicing Agreement (CNH Capital Receivables LLC), Sale and Servicing Agreement (CNH Capital Receivables LLC)
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[ir] [c][C]utoff [d][D]ate through the last day of the related calendar month, to (b) [the sum of (i)] the Pool Balance as of the [initial] cutoff date [and (ii) the sum of the Contract Values of all receivables purchased with amounts on deposit in the pre-funding account, each as of the related cutoff date for the related receivable]. POOL STATISTICS Collateral Composition Number of Receivables Loans at Beginning of Period Number of Receivables Loans at End of Period Weighted Average Coupon of on Receivables Weighted Average Original Term of on Receivables Weighted Average Remaining Term of on Receivables Pool Factor
Appears in 2 contracts
Samples: Sale and Servicing Agreement (CNH Capital Receivables LLC), Sale and Servicing Agreement (CNH Capital Receivables LLC)