Receivables Pool Servicer Delinquency Ratio

Receivables Pool Servicer Delinquency Ratio. Means, as of the last day of a Collection Period, for any Receivables Pool, the ratio, expressed as a percentage, computed by dividing (i) the aggregate principal balance on such date of each receivable in such Receivables Pool with respect to which more than 5% of a scheduled payment is more than 60 days past due (excluding a receivable for which the financed vehicle has been repossessed and the... proceeds thereof have not been realized by the Servicer) by (ii) the aggregate principal balance of all receivables in such Receivables Pool on the first day of such Collection Period. View More