Average Delinquency Rate definition

Average Delinquency Rate means, with respect to any Vintage Pool and any Reporting Date, the arithmetic average of the Delinquency Rate for each of the three (3) Collection Periods immediately preceding the month in which such Reporting Date occurs.
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Examples of Average Delinquency Rate in a sentence

  • In addition, during the term of this Agreement, (A) ACE shall maintain a ratio of Net Worth to Tangible Assets of not less than 0.15:1.00; (B) the Cumulative Charge-off Ratio shall be not more than 10%; and (C) the Rolling 3 Month Average Delinquency Rate shall be not more than 7.5%.

Related to Average Delinquency Rate

  • Average Delinquency Ratio on any Payment Date means the average of the Delinquency Ratios for the preceding three calendar months.

  • Delinquency Rate With respect to any calendar month, the fraction, expressed as a percentage, the numerator of which is the aggregate outstanding principal balance of all Mortgage Loans 60 days Delinquent or more (including all foreclosures, bankruptcies and REO Properties) as of the close of business on the last day of such month, and the denominator of which is the Pool Balance as of the close of business on the last day of such month.

  • Sixty-Day Delinquency Rate As to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate Principal Balances of the Mortgage Loans that are (a) 60 or more days delinquent as of the last day of the related Prepayment Period, (b) REO Property or (c) in foreclosure or in bankruptcy, and the denominator of which is the Pool Balance as of the last day of the related Due Period.

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.

  • Delinquency Ratio means the ratio (expressed as a percentage and rounded to the nearest 1/100 of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each calendar month by dividing: (a) the aggregate Outstanding Balance of all Pool Receivables that were Delinquent Receivables on such day by (b) the aggregate Outstanding Balance of all Pool Receivables on such day.