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 amounts held in reserve by the Borrowers or its Subsidiaries, with respect to Sales Finance Paper purchased from automotive or other dealers.

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.

Examples of Dealer Reserve in a sentence

The Trust Accounts shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Noteholders and the Certificateholders (and in the case of the Dealer Reserve Account, NAL), as the case may be.
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.
Amounts on deposit in the Dealer Reserve Account will not be available to make payments on the Securities or for any other purpose other than that set forth above in this clause (b).
Investment income (net of losses and investment expenses) on the Dealer Reserve Account will be payable on each Distribution Date to the Depositor.
All income or other gain from investments of moneys deposited in the Trust Accounts (other than the Dealer Reserve Account) shall be deposited by the Indenture Trustee in the Collection Account, and any loss resulting from such investments shall be charged to such account.
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.
After payment in full, or the provision for such payment, of all amounts payable to Dealers (other than SFI and AA) in respect of dealer reserves on the Receivables, any funds remaining on deposit in the Dealer Reserve Account will be paid to the Depositor.
Section 3.2. In addition to the Purchase Price, CRB will pay Dealer a reserve ("Dealer Reserve"), based on the Ratio Method: (Contract Rate – Buy Rate) / (Contract Rate x Finance Charges) = Dealer Reserve.
Section 3.4. Provided that the Dealer is not in default under the Dealer Agreement or otherwise does not owe CRB any amount, CRB will pay the Dealer Reserve on a monthly basis in the month following the purchase and funding of the related RISC.
The Finance Participation shall be computed and paid to Dealer in accordance with payment procedures specified by the Bank in a Dealer Reserve Supplement Letter or other notice as provided by the Bank.

More Definitions of Dealer Reserve

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.

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%).

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.