Aggregate Reserves definition

Aggregate Reserves means, on any date of determination, the sum of the Loss Reserve, the Yield Reserve, the Dilution Reserve and the Servicer Reserve.

Aggregate Reserves means, on any date of determination, the sum of the Loss Reserve, the Discount and Servicing Fee Reserve and the Dilution Reserve.

Aggregate Reserves means, on any date of determination, an amount equal to the sum of (i) the greater of (x) the Reserve Floor and (y) the Dynamic Reserve plus (ii) the Carrying Cost Reserve.

Examples of Aggregate Reserves in a sentence

• At no time prior to the Amortization Date shall Seller permit the Net Receivables Balance to be less than an amount equal to the sum of (i) the Aggregate Capital plus (ii) the Aggregate Reserves.

• Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.

• Aggregate Reserves for Policies and Contracts Life, annuity and accident and health benefit reserves are calculated by actuarial methods and are determined based on published tables using statutorily specified interest rates and valuation methods that will provide, in the aggregate, reserves that are greater than or equal to the minimum or guaranteed cash value, or the amount required by law.

• See H.3. Federal Reserve Statistical Releases, Aggregate Reserves of Depository Institutions and the Monetary Base, http://www.federalreserve.gov/releases/h3/Current.

• At no time prior to the Amortization Date shall Seller permit the Net Receivables Balance to be less than an amount equal to the sum of (i) the Aggregate Capital plus (ii) the Aggregate Reserves for any period of time greater than one (1) Business Day.

More Definitions of Aggregate Reserves

Aggregate Reserves means, on any date of determination, the sum of the Loss Reserve, the Yield and Servicing Reserve and the Dilution Reserve.

Aggregate Reserves means the Aggregate Reserve Percentage multiplied by the Adjusted Net Receivables Balance.

Aggregate Reserves means, on any date of determination, an amount equal to thirty-one percent (31%) of the Net Receivables Balance on such date.

Aggregate Reserves means the Aggregate Reserve Percentage multiplied by the Net Receivables Balance.

Aggregate Reserves set forth in Exhibit I of the Existing Agreement in its entirety with the following:

Aggregate Reserves means, on any date of determination, an amount equal to eighteen percent (18%) of the Net Receivables Balance on such date.

Aggregate Reserves shall equal, as of any Determination Date, the product of (a) the Aggregate Reserve Percentage and (b) Available Receivables.