Loss Horizon Ratio

Loss Horizon Ratio. The definition of "Loss Horizon Ratio" in Section 1.1 of the Transfer and Administration Agreement is hereby amended and restated in its entirety as follows: ""Loss Horizon Ratio" means, for any Calculation Period, the quotient, expressed as a percentage, of (a) the aggregate initial Unpaid Balance of Eligible Receivables which arose during the period ending on the most recent Month End Date and the three immediately preceding Calculation Periods, divided by (b) the Aggregate Unpaid... Balance as of the most recent Month End Date." View More