Default Ratio Sample Clauses

Default Ratio. The Default Ratio shall equal or exceed 3.5% on a rolling three-month average basis.
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Default Ratio. As of any Cut-Off Date, the ratio (expressed as a percentage) computed by dividing (i) the total amount of Receivables which became Defaulted Receivables during the Calculation Period that includes such Cut-Off Date, by (ii) the aggregate sales generated by the Originators during the Calculation Period occurring four (4) months prior to the Calculation Period ending on such Cut-Off Date.
Default Ratio. The Default Ratio shall equal or exceed 2.00% on a rolling three-fiscal-month average basis at any time on or after the date hereof.
Default Ratio. The Borrower shall not permit the Default Ratio to exceed two percent (2%) as at the end of any Collection Period.
Default Ratio. As of any date of determination, the ratio (expressed as a percentage) of:
Default Ratio. On any day, the ratio of (i) the aggregate Unpaid Balances of the Receivables that have become Defaulted Receivables during the Calculation Period immediately preceding the date of determination over (ii) the aggregate sales of the Originators giving rise to Receivables during the fourth (4th) Calculation Period immediately preceding the date of determination.
Default Ratio. 50 10.2.4 Dilution Ratio........................................................................50 10.2.5 Delinquency Ratio.....................................................................50 10.2.6 Accounts Receivable Turnover Ratio....................................................50 10.2.7 Event of Default......................................................................50 10.2.8 Validity of Transaction Documents.....................................................51 10.2.9 Termination Date......................................................................51 10.2.10 Change of Control.....................................................................51 Section 10.3 Effect of Significant Event....................................................................51
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Default Ratio. The Default Ratio shall equal or exceed 4.50% on a rolling three-month average basis for any three-month period ending in January-July, or 3.30% on a rolling three-month average basis for any three-month period ending in August-December.
Default Ratio. (Aggregate Monthly Defaulted Receivables)/Sales from the Prior Nine Months (56) Sales From the Ninth Preceding Month (Schedule V-Loss Reserve) 0 (57) Default Ratio= (Sum of 54 & 55)/56 0.00 %
Default Ratio. The Default Ratio shall equal or exceed 3.2% on a rolling three-fiscal month average basis for the three-fiscal months ended February 1, 2002, March 1, 2002 or March 31, 2002, or 1.5% on a rolling three-month average basis for any other three-fiscal month period.
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