# Loss Reserve Percentage definition

Loss Reserve Percentage means, on any date, the product of (i) 2.25 and (ii) the highest average of the Default Ratios for any three consecutive calendar months during the twelve most recently ended calendar months and (iii)(A) the sum of (x) the aggregate billed sales made by the Originators during the four most recently ended calendar months, plus (y) an amount equal to one-third of the aggregate billed sales made by the Originators during the fifth most recently ended calendar month, divided by (B) the aggregate Net Receivables Pool Balance as of such date.
Loss Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the Stress Factor, multiplied by (b) the highest average of the Default Ratios for any three (3) consecutive Fiscal Months during the twelve (12) most recent Fiscal Months, multiplied by (c) the Loss Horizon Ratio.
Loss Reserve Percentage means, at any time, the greatest of (a) 10.0% and (b) the product of (i) the Stress Factor, (ii) the Loss Ratio at such time and (iii) the Loss Horizon Ratio at such time.

## Examples of Loss Reserve Percentage in a sentence

• When the Bank funds a Loan, the Bank as Escrow Agent shall transfer funds from the Escrow Account to the Reserve Account in an amount equaling the product of the Loss Reserve Percentage multiplied times the original principal amount of the applicable Loan.

• Ketten- gehänge und Rundschlinge werden meist im Schnürgang verwendet.

• Funds in the Reserve Account shall never exceed 125% of the Loss Reserve Percentage (10%) of the outstanding Qualifying Loan portfolio.

• The Loss Reserve Percentage amount is \$10,000, and the Loss Reserve Account Ceiling is \$12,500.

• The definition of "Dynamic Loss Reserve Percentage" that appears in Appendix A to the Receivables Purchase Agreement is hereby amended by deleting the word "three" where it appears in the description of the Loss Horizon therein and substituting therefor the word "two".

## More Definitions of Loss Reserve Percentage

Loss Reserve Percentage means, for any Receivable Interest in the Pool Receivables on any date, an amount equal to the greater of:
Loss Reserve Percentage means, on any Settlement Date (and any subsequent date until the following Settlement Date), the result of (i) the Loss Reserve Stress Factor times (ii) the highest average of the Default Ratios for any three consecutive Calculation Periods from among the twelve most recent such averages prior to such Settlement Date, multiplied by (iii) the Loss Horizon Ratio.
Loss Reserve Percentage means, at any time of determination, the sum of (a) 85.00% times the product of (i) 2.25, times (ii) the highest average of the Default Ratios for any three consecutive Fiscal Months during the twelve most recent Fiscal Months, times (iii) the Loss Horizon Five Months Ratio, plus (b) 15.00% times the product of (i) 2.25, times (ii) the highest average of the Default Ratios for any three consecutive Fiscal Months during the twelve most recent Fiscal Months, times (iii) the Loss Horizon Eight Months Ratio.
Loss Reserve Percentage. “Dilution Reserve,” “Dilution Reserve Percentage” or “Termination Event”, (H) extend the “Facility Termination Date” or (I) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (I) above in a manner that would circumvent the intention of the restrictions set forth in such clauses. No failure on the part of the Purchasers, the Purchaser Agents or the Administrator to exercise, and no delay in exercising any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right.
Loss Reserve Percentage means the greater of (a) four percent (4%) or (b) the Net Charge-Off Percent as most recently calculated.
Loss Reserve Percentage. Loss Reserve” or “Loss-to-Liquidation Ratio,” 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 Reserve Percentage means, on any date, the greater of: