Approval Rate definition

Approval Rate has the meaning ascribed to such term in Section 2(a) of Exhibit D.

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Approval Rate for any Measurement Period (including any Interrupted Measurement Period) means an amount equal to the quotient of (i) the number of Leases and Exempt Leases approved or conditionally approved by GE Capital or any Program Affiliate in connection with the Qualifying Programs during such Measurement Period divided by (ii) the number of Prospective Financings submitted by Danka or any of its Affiliates to GE Capital or any Program Affiliate in connection with the Qualifying Programs during such Measurement Period, in each case, as reflected on GE Capital's books and records, absent manifest error.

Approval Rate means the percentage, measured on a monthly basis, calculated by dividing the number of Applications that are approved by Flexiti during the month by the number of Applications received by Flexiti during the same month, in each case excluding Incomplete Applications and Invalid Applications.

Examples of Approval Rate in a sentence

Bank shall calculate the Quarterly Approval Rate at the end of each Program quarter, beginning after Program month six (which shall measure the Quarterly Approval Rates for Program months seven through nine).
The parties intend that each Program quarter Bank shall achieve the Target Approval Rate.
If Bank has ***** consecutive Below Benchmark quarters, Bank shall pay to virgin ***** for each full percentage point the Quarterly Approval Rate falls below the Target Approval Rate for the applicable Program quarter.
If at the end of any calendar month during the [***] immediately following a Cure Month, Bank fails to meet the Minimum Approval Rate Target for the applicable Measurement Period [***], Bank shall make a penalty payment in the amount of [***], such payment to be made on an alternating basis into the Marketing Fund or directly to Retailer (first payment shall be made into the Marketing Fund).
Following the meeting, both parties will work in good faith over the next sixty (60) days (Approval Rate Cure Period) to improve the credit customer quality and create a higher in-store application approval rate.
Bank shall meet the Target Approval Rate for the Program in accordance with this Schedule 2.1 (g).
Company acknowledges that Bank has the authority to approve applications and establish T-Mobile Customer Accounts; provided, however, that if Bank’s approval rate for all completed T-Mobile Customer Account applications is below [***] (the “Approval Rate”) for any calendar quarter and does not meet or exceed the Approval Rate in the following calendar quarter, then the Parties shall meet promptly to discuss, in good faith, reasonable adjustments that can be made to meet or exceed the Approval Rate.
If, at the end of any calendar month during the [***] thereafter, Bank fails to meet the Minimum Approval Rate for the applicable Measurement Period [***], Retailer shall have the right to terminate this Agreement.
Beginning on February 1, 2006, the Approval Rate Forecast will be the actual Approval Rates from the previous year for each specific month.
The parties will thereafter work in good faith to achieve a higher Approval Rate.

More Definitions of Approval Rate

Approval Rate means the percentage of Credit Card Applications submitted by applicants that are approved by Bank.

Approval Rate means the percentage of applications for a refund anticipation loan, or any other loan product secured by a security interest in a deposit account into which the borrower's tax refund is deposited, that are approved by a federally chartered or state chartered bank or other financial institution offering such loans.

Approval Rate means, for any calendar month, the number of credit applications (excluding duplicate applications or applications that have been previously submitted) submitted during such month that are approved by Household, divided by the total number of applications submitted during such month (excluding duplicate applications or applications that have been previously submitted).