Class Reserves definition

Class Reserves means collectively the respective reserves established by the Plan Administrator, with the consent of the PEDC, as required under the Plan with respect to Allowed Claims and Disputed Claims of the respective Classes.
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Related to Class Reserves

  • Loss Reserve means, on any date, an amount equal to the Loss Percentage multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.