Loss Percentage

Loss Percentage. Means at any time the greater of (i) 5% and (ii) a percentage calculated in accordance with the following formula: LP = SF x LHF x LR where: SF = the Stress Factor; LP = the Loss Percentage; LHF = the Loss Horizon Factor; and LR = the highest three-month rolling average of the Loss Ratios occurring during the 12 most recent Monthly Periods.