Default Ratio. The Borrower shall not permit the Default Ratio to exceed two percent (2%) as at the end of any Collection Period.
Appears in 4 contracts
Sources: Loan Agreement, Securitization Agreement, Loan Agreement (Lennar Corp /New/)
Default Ratio. The Borrower shall not permit the Default Ratio to exceed two percent (2%) as at the end of any Collection Period.
Appears in 4 contracts
Sources: Loan Agreement, Securitization Agreement, Loan Agreement (Lennar Corp /New/)