Loss-to-Liquidation Ratio definition

Loss-to-Liquidation Ratio means, for any calendar month, the percentage equal (i) the sum of the aggregate Outstanding Balance of all Receivables 91-120 days past due plus the aggregate Outstanding Balance of all Receivables written off by Servicer in such month divided by the aggregate Collections received during such month.

Loss-to-Liquidation Ratio means, for any period, the ratio of the outstanding balance of Charge-Offs to the aggregate amount of Collections during such period.

Loss-to-Liquidation Ratio means, on any Monthly Report Date and continuing until (but not including) the next Monthly Report Date, the ratio (expressed as a percentage) of (i) the aggregate Outstanding Balance of all Receivables that became Charged-Off Receivables during the immediately preceding Monthly Settlement Period to (ii) the aggregate amount of Collections of Receivables actually received during the immediately preceding Monthly Settlement Period.

Examples of Loss-to-Liquidation Ratio in a sentence

• For the March 20 Monthly Investor Report (IR), recalculate the individual components of the Loss Reserve, Dilution Reserve, Discount Reserve, Servicing Fee Reserve, Dilution Ratio, Loss-to-Liquidation Ratio and the Default Ratio from data obtained from NMC’s internal systems and verify with ratios reported.

• Reference is made to that certain Waiver, dated as of January 25, 2010, among the Borrower, the Servicer, the Lenders, the Administrative Agents and the Program Agent for a discussion of the methodology to be used in calculating the Loss-to-Liquidation Ratio for purposes of this definition.

• Therefore, the Agent agrees that until further notice from the Agent to the Seller Lake Road's Receivables are Eligible Receivables and shall be utilized for calculating the Delinquency Ratio, the Default Ratio and the Loss-to-Liquidation Ratio.

• Is the current Delinquency Ratio < 8% Yes Is the current 3-month rolling average Default Ratio < 25% Yes Is the current 3-month rolling average Loss-to-Liquidation Ratio < 4% Yes Is Eligible Asset Interest < 100% Yes By signing below, I attest to the accuracy and completeness of the above information.

• The term “ Dynamic Enhancement Percentage” as used in the Loan Agreement shall mean, at any time, the applicable percentage set forth on Schedule I hereto based on the three-month average Loss-to-Liquidation Ratio as of the last day of the calendar month then most recently ended.

More Definitions of Loss-to-Liquidation Ratio

Loss-to-Liquidation Ratio means, as at the last day of any Reporting Period, a percentage equal to (i) the sum of the amount of Charged-Off Receivables which became Charged-Off Receivables during the period, plus the aggregate amount of Receivables which are unpaid not less than 61 days and not more than 90 days from the original due date for such payment divided by (ii) the aggregate amount of Collections such period.

Loss-to-Liquidation Ratio means, as of the last Business Day of each Month, a percentage equal to: DR/C where: DR = The Expected Net Value of all Eligible Receivables which became Defaulted Receivables in the four week period immediately prior to the date of calculation. C = Collections on such Eligible Receivables in the four week period immediately prior to the date of calculation.

Loss-to-Liquidation Ratio means the ratio (expressed as a percentage) computed as of the last day of each calendar month by dividing (i) the aggregate Outstanding Balance of all Receivables which became Defaulted Receivables during such month, by (ii) the aggregate amount of Collections received by the Collection Agent during such period.

Loss-to-Liquidation Ratio means, on any date, an amount equal to the quotient of (i) the Loss Amount divided by (ii) the sum of (x) the total Collections that reduce the Outstanding Balance on the Receivables during the immediately preceding Fiscal Month, plus (y) the Loss Amount, where: Loss Amount = The sum of (A) the positive number representing the difference between (i) the Outstanding Balance of all Receivables which became Defaulted Receivables during the immediately preceding Fiscal Month minus (ii) the Outstanding Balance of all Receivables which ceased to continue to be Defaulted Receivables (solely as a consequence of any Obligor making a payment on any Defaulted Receivable) during the immediately preceding Fiscal Month, plus (B) the Outstanding Balance of all Receivables that are not Defaulted Receivables and the Obligor thereof has taken any action, or suffered any event to occur, of the type described in Section 9.1(d) (as if references to the Seller Party therein refer to such Obligor) during the immediately preceding Fiscal Month. The Loss Amount shall not be less than “zero”.

Loss-to-Liquidation Ratio means, for any Accrual Period, the ratio (expressed as a percentage) equal to (i) all Charged-Off Receivables written off during such Accrual Period divided by (ii) the aggregate amount of Collections received during such Accrual Period.

Loss-to-Liquidation Ratio means, for any calendar month, the ratio (expressed as a percentage) of the outstanding balance of Charge-Offs made during the most recent three calendar month period to the aggregate amount of Collections during such three month period.

Loss-to-Liquidation Ratio means, for any calendar month, the ratio (expressed as a percentage) of the outstanding balance of Charge-Offs made during such calendar month to the aggregate amount of Collections during such calendar month.