Loss Proxy definition

Loss Proxy means, for any Monthly Period, an amount equal to: (a), minus (b): Where:
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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.
Sample 1
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.
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More Definitions of Loss Proxy

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
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Loss Proxy means Receivables remaining unpaid for 91 days or more, but not more than 120 days.
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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.
Sample 1
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.
Sample 1

Related to Loss Proxy

  • Certificate of Insurance means a document showing that an insurance policy has been written and includes a statement of the coverage of the policy.

  • Alternative modes of instruction means modes of pupil instruction, other than in-person instruction, that may include, without limitation, partnerships with other districts or intermediate districts or community colleges or institutions of higher education, use of vendors, use of online learning, telephone communications, email, virtual instruction, videos, slideshows, project-based learning, use of instructional packets, or a hybrid of multiple modes of learning that still promote recommended practices for social distancing to mitigate the spread of COVID-CD.

  • Voting Instructions means the instructions for voting on the Plan contained in the section of the Disclosure Statement entitled "SOLICITATION; VOTING PROCEDURES" and in the Ballots and the Master Ballots.

  • Xxxxxx Mae Guides The Xxxxxx Xxx Xxxxxxx’ Guide and the Xxxxxx Mae Servicers’ Guide and all amendments or additions thereto.

  • Certificate of approval means a certificate of approval obtained from the

  • Block Voting Instruction means, in relation to any Meeting, a document in the English language issued by a Paying Agent:

  • Xxxxxx Mae Guide The Xxxxxx Xxx Single Family Seller/Servicer Guide and all amendments or additions thereto.

  • Write-Down and Conversion Powers means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.

  • CFA Charter means the charter earned through the Chartered Financial Analyst program prepared and administered by the CFA Institute and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • UCC Filing Authorization Letter means a letter duly executed by each Loan Party authorizing the Agent to file appropriate financing statements on Form UCC-1 without the signature of such Loan Party in such office or offices as may be necessary or, in the opinion of the Agent, desirable to perfect the security interests purported to be created by each Security Agreement, each Pledge Agreement and each Mortgage.

  • Assignment of Insurances shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.

  • Security Policy Framework means the Cabinet Office Security Policy Framework (available from the Cabinet Office Security Policy Division);

  • DDA Notification has the meaning provided therefor in Section 6.13(a)(i).

  • FIRM PROCUREMENT means the agreement between the parties for mutually agreed terms and conditions with commitment of Quantity Ordered.

  • HMG Security Policy Framework means the Cabinet Office Security Policy Framework (available from the Cabinet Office Security Policy Division) as updated from time to time.

  • Licensure by endorsement means the issuance of an Iowa license to practice as a barber to an applicant who is or has been licensed in another state.

  • Risk Disclosure Statement the risk disclosure statement provided by the Broker to the Client before the opening of the Account and/or from time to time in form prescribed by the SFC from time to time with the current version set out in Part IV;

  • certificate of authorization means a certificate of authorization issued to a professional corporation pursuant to the Public Accounting Act, 2004 to permit it to engage in the practice of public accounting;

  • Service Authorization Request means a Provider’s or Enrollee’s request to the Contractor for the provision of a service.

  • Procurement Policy means ADB’s Procurement Policy - Goods, Works, Nonconsulting and Consulting Services (2017, as amended from time to time);

  • certificate of registration means registration with the CPSBC that allows the Participant to practice medicine in British Columbia, other than the certificate of registration which allowed the Participant to enrol in Postgraduate Medical Education;

  • Xxxxxxx Mac Guide The Xxxxxxx Mac Single Family Seller/Servicer Guide and all amendments or additions thereto.

  • Access Agreement means an agreement between an Access Holder and ARTC for Access Rights;

  • Certificate of Coverage means a written certification provided by any source that offers medical care coverage, including the Plan, for the purpose of confirming the duration and type of an individual’s previous coverage.

  • contract of insurance means an agreement between the Secretary of Education and either the Trustee or the Seller providing for the insurance by the Secretary of Education of the principal of and accrued interest on a FFELP Loan to the maximum extent permitted under the Higher Education Act.