Net Charge-Off Percent definition
Net Charge-Off Percent the percent, calculated as of the last day of each month, equal to (a) aggregate amount of Net Charge-Offs for the 3 preceding months then ended multiplied by 4, divided by (b) the sum of the Net Balance owing under all Contracts outstanding during the trailing 3 months then ended, divided by 3.
Net Charge-Off Percent means the annualized percent, calculated as of the first day of each month, equal to (a) the aggregate amount of all Net Charge-Offs during each of the three (3) months immediately preceding the date of calculation, multiplied by four, divided by (b) the aggregate amount of the Principal Balances owing under all Contracts (other than, for the avoidance of doubt, Permitted Facility Contracts) outstanding as of the last day of each of the previous three (3) months divided by three. For example, if the Borrowers charged off $10,000 each month for three (3) months and if the aggregate Principal Balances outstanding at the end of the previous three (3) months was $1,000,000 for two (2) months and $1,200,000 for one (1) month, the Net Charge-Off Percent would be eleven and two-tenths percent (11.2%) ($120,000 (being $30,000 multiplied by 4)/$1,066,667).
Net Charge-Off Percent means the percent, calculated as of the first day of each month, equal to:
More Definitions of Net Charge-Off Percent
Net Charge-Off Percent means the annualized percent, calculated as of the first day of each month, equal to (a) the aggregate amount of all Net Charge-Offs during each of the three (3) months immediately preceding the date of calculation, multiplied by four, divided by (b) the aggregate amount of the Principal Balances owing under all Contracts (other than Permitted Facility Contracts) outstanding as of the last day of each of the previous three (3) months divided by three. For example, if the Borrowers charged off $10,000 each month for three (3) months and if the aggregate Principal Balances outstanding at the end of the previous three (3) months was $1,000,000 for two (2) months and $1,200,000 for one (1) month, the Net Charge-Off Percent would be eleven and two-tenths percent (11.2%) ($120,000 (being $30,000 multiplied by 4)/$1,066,667).
Net Charge-Off Percent means the percent, calculated as of the first day of each month, equal to (a) the aggregate amount of all Net Charge-Offs made during the twelve (12) month period immediately preceding the date of calculation, divided by (b) the sum of the Net Balance owing under all Contracts outstanding as of the last day of the month for each of the twelve (12) months immediately preceding the date of calculation divided by twelve. For example, if the Borrower charged off $10,000 each month for 12 months and if the aggregate Net Balance outstanding at the end of the previous 12 months was $1,000,000 for 6 months and $1,200,000 for 6 months, the Net Charge-Off Percent would be 10.91% ($120,000/$1,100,000).
Net Charge-Off Percent means the annualized percent, calculated as of the first day of each month, equal to (a) the aggregate amount of all Net Charge-Offs during each of the six (6) months immediately preceding the date of calculation, multiplied by two, divided by (b) the aggregate amount of the Net Balances owing under all Contracts outstanding as of the last day of each of the previous six (6) months divided by six. For example, if the Borrowers charged off $10,000.00 each month for six (6) months and if the aggregate Net Balances outstanding at the end of the previous six (6) months was $1,000,000.00 for four (4) months and $1,200,000.00 for two (2) months, the Net Charge-Off Percent would be eleven and two-tenths percent (11.2%) ($120,000.00 (being $60,000.00 multiplied by 2)/$1,066,667.00). Net Income shall mean, with respect to any fiscal period of Borrowers, Borrowers’ and their Subsidiaries’ consolidated net income (excluding any net income of Subsidiaries that are not Guarantors), as determined in accordance with GAAP and reported on the financial statements for such period, but excluding any and all of the following included in such determination of net income (without duplication): (a) gain or loss arising from the sale of capital assets, such as property, plant and equipment; (b) gain or loss arising from any write-up or write-down in the book value of any asset in the ordinary course of business (excluding Contracts); (c) earnings or losses of any corporation acquired by any Borrower in any manner, to the extent realized by such other corporation prior to the date of acquisition; (d) earnings of any business entity in which any Borrower has an ownership interest or of any Subsidiary that is not also a Guarantor unless (and only to the extent) such earnings shall actually have been received by any Borrower in the form of cash distributions; (e) earnings or losses of any Person to which assets of any Borrower shall have been sold, transferred, or disposed of, or into which any Borrower shall have been merged or which has been a party with Borrower to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain or loss arising from the acquisition of any debt or equity security of any Borrower or from cancellation or forgiveness of debt; (g) gain or loss arising from extraordinary items, as determined in accordance with GAAP, or from any other one-time or nonrecurring transaction; (h) non-cash gain or loss; (i) any actual taxes p...
Net Charge-Off Percent means the percent, calculated as of the last day of each Fiscal Period, equal to (a) the aggregate amount of all Net Charge-offs of the Borrowers during each of the six (6) Fiscal Periods immediately preceding the date of calculation, multiplied by two (2), divided by (b) the sum of the Net Balance owing under all Installment Contracts of the Borrowers outstanding as of the last day of each such Fiscal Period, divided by six (6).
Net Charge-Off Percent means the annualized percent, calculated as of the first day of each month, equal to (a) the aggregate amount of all Net Charge-Offs during each of the three (3) months immediately preceding the date of calculation, multiplied by four, divided by (b) the aggregate amount of the Principal Balances owing under all Contracts (other than Permitted Facility Contracts) outstanding as of the last day of each of the previous three
Net Charge-Off Percent means, calculated as of the last day of each month, the Average Net Charge-Offs divided by the Average Net Balance multiplied by twelve (12). For example, if the Average Net Charge-Offs were $900,000, and the Average Net Balance was $46,000,000, the Net Charge-Off Percent would be 23.48% ($900,000 / $46,000,000 x 12).
Net Charge-Off Percent the percent, calculated as of the last day of each month (x) occurring between July 31, 2011 and September 30, 2011, equal to (a) the aggregate amount of Net Charge-Offs for the trailing 12 months then ended, divided by (b) the sum of the Net Balance owing under all Contracts outstanding during the trailing 12 months then ended divided by 12, and thereafter (y) equal to (a) aggregate amount of Net Charge-Offs for the 3 preceding months then ended multiplied by 4, divided by (b) the sum of the Net Balance owing under all Contracts outstanding during the trailing 3 months then ended, divided by 3.