Performance Triggers. (i) the Charge-Off Ratio shall exceed 35.00%, (ii) the Latest Vintage Pool Charged-Off Percentage shall exceed 35.00% or (iii) the Collections Ratio is less than 2.50%.
Appears in 1 contract
Sources: Loan and Security Agreement (SmileDirectClub, Inc.)
Performance Triggers. (i) the The Charge-Off Ratio shall exceed 35.0025.00%, (ii) the Latest Vintage Pool Charged-Off Percentage shall exceed 35.0027.50% or (iii) the Collections Ratio is less than 2.504.50%.
Appears in 1 contract
Sources: Loan and Security Agreement (SmileDirectClub, Inc.)