Average Sixty-Day Delinquency Ratio Test Sample Clauses

The Average Sixty-Day Delinquency Ratio Test is a financial metric used to assess the proportion of loans or accounts that are more than sixty days overdue, averaged over a specified period. In practice, this clause sets a threshold for acceptable delinquency levels within a loan portfolio or securitization pool, often requiring regular calculation and reporting of the average ratio. Its core function is to monitor and control credit risk by ensuring that the overall quality of the asset pool remains within agreed parameters, thereby protecting investors or stakeholders from excessive defaults.
Average Sixty-Day Delinquency Ratio Test. (a) Sixty-Day Delinquency Ratio for current Remittance Date _______
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Average Sixty-Day Delinquency Ratio Test. (a) Sixty-Day Delinquency Ratio for current Payment Date _______ (b) Average Sixty-Day Delinquency Ratio Test (arithmetic average of ratios for this month and two preceding months; may not exceed 2.5%) _______
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Related to Average Sixty-Day Delinquency Ratio Test

  • Excess Availability Borrowers shall maintain Excess Availability at ------------------- all times of at least $4,500,000.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Cash Flow Coverage Ratio The ratio of (a) the Company’s Cash Flow to (b) the sum of (i) the Company’s consolidated Interest Expense plus (ii) the Company’s scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and