Initial Reserve Percentage

Initial Reserve Percentage. Means, with respect to any Delivery Date: (i) 6%, if both (a) the Weighted Average AmeriCredit Score of all Eligible Receivables (including the Receivables to be delivered on such Receivables Delivery Date) is greater than or equal to 227.00; and (b) the most-recently calculated Portfolio Net Loss Ratio is less than 7.00% (ii) 7%, if either ... (a) the Weighted Average AmeriCredit Score of all Eligible Receivables (including the Receivables to be delivered on such Receivables Delivery Date) is greater than or equal to 226.00 but less than 227.00; or (b) the most-recently calculated Portfolio Net Loss Ratio is greater than or equal to 7.00% but less than 7.50%. (iii) 8%, if either (a) the Weighted Average AmeriCredit Score of all Eligible Receivables (including the Receivables to be delivered on such Receivables Delivery Date) is less than 226.00; or (b) the most-recently calculated Portfolio Net Loss Ratio is greater than or equal to 7.50% but less than 8.00%. (iv) 9%, if 3 (a) the most-recently calculated Portfolio Net Loss Ratio is greater than or equal to 8.00%. View More