Earned Reserve definition

Earned Reserve means for any Financed Receivable which has been paid in full during a Reconciliation Period, the amount by which the amount(s) paid on such Financed Receivable exceeds the Advance made on such Financed Receivable.
View Source
Earned Reserve means for any Financed Receivable on which the Advance has been reduced during any Reconciliation Period, the amount (if any), as of the Reconciliation Date for such Reconciliation Period, by which (a) the product of the Advance Rate and the Receivable Amount of such Financed Receivable as of such Reconciliation Date exceeds (b) the outstanding amount of the Advance made on such Financed Receivable.
View Source

Examples of Earned Reserve in a sentence

  • Amount by which Net Earned Reserve exceeds Claims and taxes or fees for Qualifying Contracts calculated on an inception to date basis.

  • Amount by which Claims, taxes and fees exceed Net Earned Reserve for Qualifying Contracts.

  • Amount by which Claims and taxes or fees exceeds Net Earned Reserve for Qualifying Contracts.

  • Amount by which Net Earned Reserve exceeds Claims and taxes or fees for Qualifying Contracts.

Related to Earned Reserve

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • 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.

  • Cash Reserve means the monies standing to the credit of the Cash Reserve Account at any given time.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • 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.