Loss Horizon Ratio

Loss Horizon Ratio. Means as of any date, an amount (expressed as a percentage) equal to (i) the aggregate gross sales of the Originators during the three most recently ended calendar months divided by (ii) the Net Receivables Balance as of the last day of the most recently ended month.

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