# Average Delinquency Ratio definition

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

• NO If both (1) and (2) are “YES” then see next test below NO If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at April 2016 and/or 1.75% at October 2016 and/or 1.50% at April 2017 and/or 1.15% at October 2017 NO DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

• YES If both (1) and (2) are “YES” then see next test below YES If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at August 2015 and/or 1.75% at February 2016 and/or 1.50% at August 2016 and/or 1.15% at February 2017 DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

• NO If both (1) and (2) are “YES” then see next test below NO If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at September 2018 and/or 1.75% at March 2019 and/or 1.50% at September 2019 and/or 1.15% at March 2020 NO DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

• NO If both (1) and (2) are “YES” then see next test below NO If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at August 2016 and/or 1.75% at February 2017 and/or 1.50% at August 2017 and/or 1.15% at February 2018 NO DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

• NO If both (1) and (2) are “YES” then see next test below NO If the 3 Month Average Delinquency and Cumulative Net Loss Ratio tests are met, then spread account reduces to 2.00% at March 2018 and/or 1.75% at September 2018 and/or 1.50% at March 2019 and/or 1.15% at September 2019 NO DEFINITIONS: Average Delinquency Ratio Test* On any payment date will be the average of the Delinquency Ratios for the preceding three calendar months.

## More Definitions of Average Delinquency Ratio

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 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, 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, 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, for any Distribution Date, the average of the Delinquency Ratios determined for each of the three Collection Periods immediately preceding such Distribution Date; provided that, with respect to the Diamond Timeshare Loans, (i) the “Average Delinquency Ratio” for the first Distribution Date following the Restatement Date shall be the Delinquency Ratio determined for the Collection Period immediately preceding such Distribution Date and (ii) the “Average Delinquency Ratio” for the second Distribution Date following the Restatement Date shall be the average of the Delinquency Ratios for each of the two Collection Periods immediately preceding such Distribution Date.