Dealer Reserve definition

Dealer Reserve means the amount due to a dealer with respect to a Receivable wherein the Borrower is or will become obligated to such dealer in conjunction with the purchase or transfer of such Receivable, through an agreement in writing, containing a "reserve" or other liability arrangement between the dealer and Borrower.
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Dealer Reserve means all money held by the Borrower as a reserve account for a portion of all sums advanced to a vehicle dealer pursuant to Dealer Financing Agreements.
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Dealer Reserve means the reserve account established for each Dealer pursuant to the related Dealer Agreement and that is used to effect the Dealer’s repurchase of any Vehicle Contract: (i) that is determined by the Sellers to be uncollectible (in a manner consistent with its internal collection and servicing procedures); (ii) as to which a Breach has occurred or to Sellers’ Knowledge, is Threatened; or (iii) for any other reason set forth in such Dealer Agreement.
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Examples of Dealer Reserve in a sentence

  • The term the Act means the Dealer Reserve Income Adjustment Act of 1960 (74 Stat.

  • The check stub or notice accompanying payment by check for the Contract, or notice accompanying payment by electronic funds transfer for the Contract, will identify a portion of the purchase price thereof as the Dealer Reserve.

  • Without qualifying our report, we further report that during the financial year 2016-17, the approval(s) of the Authorizer Dealer/ Reserve Bank of India in relation to ODI Part III Form(s) (APR) filed by the Company was not found in the records of the Company and few e- forms were filed with delay along with additional fee with the Registrar of Companies.

  • Declaration of default and request for repayment of Dealer Reserve shall not be an election of remedies, and the rights and obligations of Dealer and CPS with respect to a Contract shall otherwise be as set forth in this Agreement.

  • In either such event, Dealer shall repay to CPS the Dealer Reserve within ten days of Dealer’s receiving notice from CPS requesting repayment.

  • The report outlined an overall reduction in crime offences of 9.9% across the Wokingham Borough in the last 12 months.

  • All income and other gain from investment of monies in the Dealer Reserve Account (net of any losses and investment expenses) will be payable on each Distribution Date to the Depositor.

  • Dealer Reserve Participation Amount 292.85In the event that a Contract is prepaid in full before the Obligor has paid to CIG Financial the first three scheduled payments according to the Contract, or the Obligor defaults on the Contract before paying to CIG Financial the first three scheduled payments according to the Contract, the full amount of the Dealer Reserve Participation shall be returned to CIG Financial (a “Dealer Reserve Chargeback”).

  • Sell Rate 12.00% minus (E) CIG Buy Rate 11.00% = (F) Dealer Reserve Rate 1.00%.

  • After the Obligor has paid to CIG Financial the first three scheduled payments according to the Contract, the Dealer Reserve Participation amount for that Contract shall be fully earned by Dealer and not subject to a Dealer Reserve Chargeback.CIG Financial reserves the right to change or terminate this Program at any time, upon thirty (30) days written notice to Dealer.


More Definitions of Dealer Reserve

Dealer Reserve means as respects each Dealer, the amount held in the reserve account established pursuant to a Dealer Financing Agreement maintained by STEN Credit, but in no event shall the amount of such reserve be less than thirty-three percent (33%) of all contracts initiated by such Dealer until the amount held in the Dealer’s reserve account equals a minimum of $40,000, and thereafter, such reserve shall equal at least twenty-five percent (25%).
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Dealer Reserve means the unfunded contingent liability of the Seller or any Predecessor in Interest to each Dealer pursuant to the related Dealer Purchase Agreement to pay the remaining principal balance of the agreed purchase price of the Receivables transferred pursuant to such Dealer Purchase Agreement, and is used to allow the Seller, by exercising a right of offset, to satisfy the Dealer’s obligation to the Seller to repurchase any Receivable for any of the reasons set forth in such Dealer Purchase Agreement.
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Dealer Reserve means, as of any date of calculation, the -------------- aggregate Dollar amount held or owed by Borrower to Dealer which is subject to the provisions of applicable Dealer Agreements between Borrower and its Dealers.
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Related to Dealer Reserve

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.

  • road reserve ’ means the area contained within the statutory width of a road, and includes roadways, shoulders and sidewalks and the airspace above such roadways, shoulders and sidewalks and all other areas within the road reserve boundary;

  • Carryover Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered holders of CWABS, Inc., Asset-Backed Certificates, Series 2001-3". Funds in the Carryover Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Servicing Reserve means, for any Calculation Period, the product (expressed as a percentage) of (a) the Servicing Fee Rate, times (b) a fraction, the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • Timber Sale Account is an account maintained by Forest Service of all Pur- chaser’s deposits, credits, payment guarantees, and the charges for:

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Qualified Account means either (a) a segregated account (including a securities account) with a Qualified Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the States thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Note Rating Agency in one of its generic rating categories which signifies investment grade.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Available Reserve Account Amount means, with respect to any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (after taking into account any interest and earnings retained in the Reserve Account pursuant to subsection 4.15(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.11(i) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Net WAC Rate Carryover Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the sum of (A) the positive excess of (i) the amount of interest accrued on such Class of Certificates on such Distribution Date calculated at the related Formula Rate, over (ii) the amount of interest accrued on such Class of Certificates at the Net WAC Rate for such Distribution Date and (B) the Net WAC Rate Carryover Amount for the previous Distribution Date not previously paid, together with interest thereon at a rate equal to the Formula Rate for such Class of Certificates for such Distribution Date and for such Accrual Period.

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • Required Reserve means, on any day during a Calculation Period, the product of (a) the greater of (i) the Required Reserve Factor Floor and (ii) the sum of the Loss Reserve, the Interest Reserve, the Dilution Reserve and the Servicing Reserve, times (b) the Net Pool Balance as of the Cut-Off Date immediately preceding such Calculation Period.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Dilution Reserve means, as of any date of determination, an amount sufficient to reduce the advance rate against Eligible Accounts by 1 percentage point for each percentage point by which Dilution is in excess of 5%.

  • C/D Reserve Percentage for any day as applied to any ABR Loan, that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board, for determining the maximum reserve requirement for a Depositary Institution (as defined in Regulation D of the Board) in respect of new non-personal time deposits in Dollars having a maturity of 30 days or more.

  • Interest Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Yield Reserve Percentage means at any time of determination:

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Eligible Account Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (ii) an account or accounts in a depository institution or trust company in which such accounts are insured by the FDIC or the SAIF (to the limits established by the FDIC or the SAIF, as applicable) and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating Agency, the Certificateholders have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, or (iii) a trust account or accounts maintained with (a) the trust department of a federal or state chartered depository institution or (b) a trust company, acting in its fiduciary capacity or (iv) any other account acceptable to each Rating Agency. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.