Default Trigger Ratio

Default Trigger Ratio. Means, at any time, a percentage equal to (i) the aggregate outstanding balance of all Adjusted Receivables (other than Adjusted Receivables the Obligor of which is an Affiliate of any Seller Party) which are more than 60 and less than 91 days past due as of the last day of the most recently ended Accrual Period plus all Charged-Off Receivables that are Adjusted Receivables (other than... Adjusted Receivables the Obligor of which is an Affiliate of any Seller Party) written off during such Accrual Period, divided by (ii) the aggregate outstanding balance of all Adjusted Receivables (other than Adjusted Receivables the Obligor of which is an Affiliate of any Seller Party) originated during the Accrual Period which ended five Accrual Periods prior to such Accrual Period. View More