Average Loss Ratio definition
Average Loss Ratio means, for any Distribution Date, the arithmetic average of the Loss Ratios for such Distribution Date and the two immediately preceding Distribution Dates.
Average Loss Ratio means, for a Payment Date is equal to the arithmetic average of the Loss Ratios for such Payment Date and the two immediately preceding Payment Dates.
Average Loss Ratio means, as of any Month End Date, the average of the Loss Ratios for each of the three most recently completed Settlement Periods including the Settlement Period ending on such Month End Date.
More Definitions of Average Loss Ratio
Average Loss Ratio. (if Average Loss Ratio is equal to or greater than (i) 3.00% with respect to any Distribution Date which occurs within the period from the Closing Date to, and inclusive of, the second anniversary of the Closing Date or (ii) 2.75% with respect to any Distribution Date which occurs following the second anniversary of the Closing Date, then a Reserve Fund Trigger Event has occurred) _____%
Average Loss Ratio means, with respect to any Series and any Determination Date, the arithmetic average of the Net Loss Ratio for such Determination Date and the two immediately preceding Determination Dates.
Average Loss Ratio means, as of any Calculation Date, the fraction expressed as a percentage obtained by dividing (a) the aggregate of the Loss Ratio calculated as at that Calculation Date and the preceding two Calculation Dates by (b) three.
Average Loss Ratio means, for a Distribution Date is equal to the arithmetic average of the Loss Ratios for such Distribution Date and the two immediately preceding Distribution Dates.