Loss Proxy definition
Loss Proxy means, for any Monthly Period, an amount equal to: (a), minus (b): Where:
Loss Proxy means, for each calendar month, a fraction (expressed as a ratio) the numerator of which is equal to the sum of (i) the Outstanding Balance of Receivables which are unpaid at least 120 and not more than 150 days past the invoice date of such Receivables as of the last day of such calendar months plus (ii) the Outstanding Balance of all Receivables which became Charge-Offs during such calendar month together with all Receivables deemed uncollectible by Swift during such calendar month plus (iii) the Outstanding Balance of all Receivables the Obligor of which suffered a Bankruptcy Event during such calendar month, and the denominator the four months prior aggregate Outstanding Balance of Receivables generated by the Originators during the most recent four calendar month period.
Loss Proxy means, on any Monthly Calculation Date falling immediately after each Monthly Valuation Date, the total balance of the Receivables which have become Defaulted Receivables during the Collection Period immediately preceding such Monthly Valuation Date.
More Definitions of Loss Proxy
Loss Proxy means, for each calendar month, a fraction (expressed as a ratio) the numerator of which is equal to the sum of (i) the outstanding balance of Receivables which are unpaid at least 61 and not more than 90 days past the due date of such Receivables as of the last day of such calendar months plus (ii) the outstanding balance of all Receivables which became Charge-Offs during such calendar month together with all Receivables deemed uncollectible by an Originator during such calendar month plus (iii) the outstanding balance of all Receivables the Obligor of which suffered a Bankruptcy Event during such calendar month, and the denominator of which is the aggregate amount of Receivables generated by the Originators during the most recent calendar month that is three months prior to the calendar month of calculation. For the purposes of calculating the Loss Proxy in part (i) of the numerator above, for Chemtura Corporation and Chemtura USA Corporation only, the Loss Proxy for the 61 to 90 days past due Receivables is to be calculated as the amount of receivables that are 31 to 90 days past due multiplied by 50% for such periods during which the exact data for 61 to 90 days past due Receivables is not available.
Loss Proxy means Receivables remaining unpaid for 91 days or more, but not more than 120 days.
Loss Proxy. Loss Proxy Ratio", "Loss Reserve Percentage," "Loss Reserve Ratio," "Loss-to-Liquidation Ratio," "Turnover Days" or "Yield and Servicing Reserve" or (H) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (G) above in a manner that would circumvent the intention of the restrictions set forth in such clauses; or
Loss Proxy means, as of any date of determination, an amount equal to the sum of (a) the aggregate Outstanding Balance of all Transferred Receivables with respect to which any payment, or part thereof, is between 121 and 150 days past due, plus (b) the aggregate Outstanding Balance of all Transferred Receivables that have written off in accordance with the Credit and Collection Policies during the Settlement Period immediately preceding such date.