definiens: Loss Percentage " means on any day the greater of ( i ) two ( 2 ) times the Loss Horizon as of such day and fiinOY, .. Loss Reserye,, means, on any day, an amount equal to : LPx(NRB+DLR+DR+sFR)Where : ID, r r Lr : the - Loss Percentage at the close of business of the collection Agent onsuch day;NRB : the Net Receivables Balance at the close of business of the collectionAgent on such day;DLR : the Dilution Reserve at the close of business of the colrection Agent onsuch day;the Discount Reserve at the crose of business of the colrection Agent onsuch day;the servicing Fee Reserve at the close of business of the coilection Agenton such day . DROoaaoaSFR : " Loss - to_Liquidation Ratio,, means thecomputed as of the last day of each calendar month byratio ( expressed as a percentage)dividing ( i ) the aggregate OuistandingoNYI 6695871v . I4t9OoaaoaJoaBalance of all Receivables which became Defaulted Receivables during such month, by ( ii ) theaggregate amount of Collections received by the Collection Agent during such period