Net Loss Ratio means, for any Payment Date, the ratio, expressed as an annualized percentage, of (i) the Aggregate Net Losses for such Payment Date to (ii) the average of the Pool Balances on each of the related Settlement Date and the last day of the related Collection Period.
Net Loss Ratio means, for any Collection Period, the ratio, expressed as an annualized percentage, of (a) Realized Losses minus Recoveries for such Collection Period, to (b) the average of the Pool Balances on the first day of such Collection Period and the last day of such Collection Period.
Net Loss Ratio means, for any period of time, the ratio of Losses Incurred during such period to net Premiums Earned for such period.
Examples of Net Loss Ratio in a sentence
Net Loss Ratio calculated using Net Loss for Period/Average Portfolio Balance for Period {99} {100} {101} {102} {103} No assets securitized by Santander Consumer USA Inc.
Net Loss Ratio calculated using Net Loss for Period/Average Portfolio Balance for Period {98} {99} {100} {101} {102} No assets securitized by Santander Consumer USA Inc.
Net Loss Ratio calculated using Net Loss for Period/Average Portfolio Balance for Period {97}{98}{99}{100}{101}No assets securitized by Santander Consumer USA Inc.
Net Loss Ratio calculated using Net Loss for Period/Average Portfolio Balance for Period {106} {107} {108} {109} {110} No assets securitized by Santander Consumer USA Inc.
Net Loss Ratio calculated using Net Loss for Period/Average Portfolio Balance for Period {97} {98} {99} {100} {101} No assets securitized by Santander Consumer USA Inc.
More Definitions of Net Loss Ratio
Net Loss Ratio means, as of the last day of any month, a fraction, expressed as a percentage, the numerator of which is the product of (i) the sum of the Net Loss for such month and the two immediately preceding months, to the extent such months exist, and (ii) a factor of 12 divided by the number of months included in the sum in clause (i), and the denominator of which is the average of the Aggregate Principal Balance on the first day of the month and the first day of the two immediately preceding months, to the extent such months exist.
Net Loss Ratio means, for any Collection Period, an amount, expressed as a percentage, equal to (i) the Aggregate Net Losses minus Recoveries for such Collection Period, divided by (ii) the average of the Pool Balances on each of the first day of such Collection Period and the last day of such Collection Period.
Net Loss Ratio means, as of the last day of any Settlement Period, a fraction, expressed as a percentage, the numerator of which is the product of (i) the sum of the Net Loss for such Settlement Period and the two immediately preceding Settlement Periods, to the extent such Settlement Periods exist, and (ii) a factor of 12 divided by the number of Settlement Periods included in the sum in clause (i), and the denominator of which is the average of the Aggregate Principal Balance on the first day of the Settlement Period and the first day of the two immediately preceding Settlement Periods, to the extent such Settlement Periods exist.
Net Loss Ratio. For any Collection Period, the product of (a) the percentage equivalent of a fraction, the numerator which is the Outstanding Loan Balance of Charged-Off Loans during such Collection Period, and the denominator of which is the Aggregate Outstanding Loan Balance at the end of such Collection Period and (b) 12.
Net Loss Ratio shall have the same meaning it has in the Traditional Program Business Pooling Agreement.
Net Loss Ratio. With respect to any Determination Date, the fraction expressed as a percentage, the numerator of which is equal to 12 times the excess of (A) the sum of Principal Balances plus accrued interest of all Receivables (as of the related Accounting Date) which become Liquidated Receivables during the related Monthly Period over (B) the Liquidation Proceeds received by the Issuer during the related Monthly Period and the denominator of which is equal to the Aggregate Principal Balance as of the related Accounting Date.
Net Loss Ratio means, for any Distribution Date, the amount expressed as a percentage equal to the product of (1) twelve and (2) (a) the Aggregate Net Losses for such Distribution Date, divided by (b) the average of the Pool Balances on each of the first day of the related Collection Period and the last day of the related Collection Period.