Second Level DPD Balance definition
Second Level DPD Balance means, with respect to any Collection Period, an amount equal to the sum of the aggregate Outstanding Principal Balance of all Program Loans that are delinquent more than 30 days but less than 61 days as of the first day of such Collection Period plus the aggregate Outstanding Lease Balance of all Program Leases that are delinquent more than 30 days but less than 61 days as of the first day of such Collection Period.