Average Delinquency Ratio definition

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

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Average Delinquency Ratio means, for any Payment Date, the average of the Delinquency Ratios for the preceding three Collection Periods.

Average Delinquency Ratio means, for any Distribution Date, the arithmetic average of the Delinquency Ratios for such Distribution Date and the two immediately preceding Distribution Dates.

Examples of Average Delinquency Ratio in a sentence

• In addition to the information set forth in the preceding sentence, the Monthly Servicer Report shall also contain the following information: (i) the Aggregate Receivables Balance, the Average Delinquency Ratio, the Average Default Ratio and the Excess Spread for such Determination Date; (ii) whether any Termination Event has occurred as of such Determination Date; and (iii) whether any Termination Event that may have occurred as of a prior Determination Date is deemed cured as of such Determination Date.

• As of the end of each calendar month, the Three-Month Average Delinquency Ratio shall not be greater than six percent (6.00%).

• Average Delinquency Ratio · Average Delinquency Ratio Test is met on such Payment Date Yes No B.

• Section 10.1 of the Original Indenture is hereby amended by deleting each of clauses (f), (g) and (r) thereof in their entirety and inserting the following in lieu thereof: (f) the Four Month Default Percentage as of any Payment Date exceeds 1.50%; (g) the Three Month Rolling Average Delinquency Ratio as calculated for any Payment Date exceeds 4.50%; (r) the Securitized Pool Three Month Rolling Average Delinquency Percentage exceeds 4.50% for four consecutive Payment Dates; SECTION 6.

• In addition, the Back-up Servicer shall confirm that the Delinquency Ratio, Average Delinquency Ratio and Net Default Ratio as set forth in the Monthly Servicer Report, are accurate based solely on a comparison to the computer tape referred to above.

More Definitions of Average Delinquency Ratio

Average Delinquency Ratio means, with respect to any Series (other than the Warehousing Series) and any Determination Date, the arithmetic average of the Delinquency Ratios for such Determination Date and the two immediately preceding Determination Dates.

Average Delinquency Ratio means, for any Distribution Date, the average of the Delinquency Ratios determined for each of the three Collection Periods immediately preceding such Distribution Date.

Average Delinquency Ratio. Cumulative Net Loss Rate," "Deemed Cured," "Delinquency Ratio," "Net Losses," "Spread Account Shortfall" and "Spread Account Default Level."

Average Delinquency Ratio means, with respect to any Reporting Date, the arithmetic average of the Delinquency Ratios for each of the three Due Periods immediately preceding the Due Period in which such Reporting Date occurs.

Average Delinquency Ratio means, as of any Month End Date, the average of the Delinquency Ratios for each of the three most recently completed Settlement Periods including the Settlement Period ending on such Month End Date.

Average Delinquency Ratio means, the arithmetic average of the Delinquency Ratios for that Payment Date and the two immediately preceding Payment Dates.

Average Delinquency Ratio means, with respect to any Securitization Transaction and any Determination Date, the arithmetic average of the Delinquency Ratios for such Determination Date and the two immediately preceding Determination Dates.