Risk Adjusted Margin definition
Risk Adjusted Margin means for any calendar month, calendar year, or Fiscal Year, an amount equal to Financing Income, plus Ancillary Product Income, minus the sum of Program Net Losses, minus the SOFR Adjustment, all calculated for such calendar month, calendar year or Program Year, as the case may be.”
Risk Adjusted Margin means, with respect to an Asset, (1) the stated simple interest rate applicable to the Loan related to that Asset, less (2) the Net Charge Off Rate for the Loan Category related to that Asset.
Risk Adjusted Margin is deleted in its entirety and replaced with the following language:
More Definitions of Risk Adjusted Margin
Risk Adjusted Margin has the meaning set forth in Schedule 7.3.
Risk Adjusted Margin shall have the meaning set forth in Schedule 2 to the Asset Sale Agreement.
Risk Adjusted Margin means, with respect to the RAM Measurement Period (or in the case of any interim payment pursuant to Section 9.1(a)(vii) and 9.1(a)(x), the relevant Reference Period), the percentage equivalent of a fraction equal to (A) (i) Gross Financing Income for such period, minus (ii) Net Write-Offs for such period, minus (iii) Funding Costs for such period, plus (iv) the total of all amounts paid by NMG pursuant to Section 9.1(a)(viii), 9.l(a)(x), and 9.l(a)(xi) at any time during such period divided by (B) the Average Gross Receivables for such period.”
Risk Adjusted Margin means, with respect to the RAM Measurement Period (or in the case of any interim payment pursuant to Section 9.1 (a) (vii), the relevant Reference Period), the percentage equivalent of a fraction equal to (A) (i) Gross Financing Income for such period, minus (ii) Net Write-Offs for such period, minus(iii) Funding Costs for such period, plus (iv) the total of all amounts paid by NMG pursuant to Section 9.1(a)(viii) at any time during such period divided by (B) the Average Gross Receivables for such period.”
Risk Adjusted Margin means for any calendar month, calendar year, or Fiscal Year, an amount equal to Financing Income, plus Ancillary Product Income, minus the sum of