Imbedded Losses definition
Imbedded Losses means projected losses attributable to the Purchased Accounts, which losses shall be calculated pursuant to the methodology set forth in Schedule 2.3.
Examples of Imbedded Losses in a sentence
By:_______________________________ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Its: Vice President and Chief Financial Officer SCHEDULE 2.3 TO PURCHASE AGREEMENT CALCULATION OF IMBEDDED LOSSES Imbedded Losses will be calculated based on the delinquency high point during the month prior to the Closing Date (subject to projected variances between months).