Loan Loss Reserve definition

Loan Loss Reserve. The loan loss reserve, calculated in accordance with Credit Acceptance’s accounting policies set forth in its periodic reports filed with the Securities and Exchange Commission.

Loan Loss Reserve means the loan loss reserve, calculated in accordance with Credit Acceptance’s accounting policies set forth in its periodic reports filed with the Securities and Exchange Commission.

Loan Loss Reserve means the loan loss reserve, calculated in accordance with Credit Acceptance’s accounting policies.

Examples of Loan Loss Reserve in a sentence

• As a result of the statutory lapse, PCLP CDCs that had elected to participate in the ALLR are now required to maintain a Loan Loss Reserve Fund in an amount sufficient to meet the Standard Loan Loss Reserve Requirement set forth in 13 C.F.R. § 120.847(b), which is one percent of the original principal amount of the PCLP Debenture for the life of the loan.

• For PCLP debentures issued while a PCLP CDC elected to participate in the Alternative Loan Loss Reserve Pilot Program (ALLR) authorized under Section 508(c)(7) of the Small Business Investment Act of 1958, the PLCP CDC is required to reimburse SBA for 15 percent of any loss sustained by SBA as a result of a default in the payment of principal or interest on those PCLP debentures.

• Interest or income earned on moneys credited to the Loan Loss Reserve Account shall be deemed to be part of the Loan Loss Reserve Account.

• The Executive Director shall be authorized to withdraw contributions improperly deposited in a Loan Loss Reserve Account.

• The Executive Director shall be authorized to direct that funds be withdrawn from Loan Loss Reserve Accounts to fund qualifying Borrower Rebates.

More Definitions of Loan Loss Reserve

Loan Loss Reserve means the loan loss reserve, calculated in accordance with Credit Acceptance's periodic analysis of the performance of each Dealer, maintained against the Dealer Loans of such Dealer, consistent with the Servicer's practices as such practices may be modified in order to comply with generally accepted accounting principles in effect from time to time.

Loan Loss Reserve. The loan loss reserve, calculated in accordance with Credit Acceptance’s accounting policies set forth in its periodic reports filed with the Securities and Exchange Commission which shall be equal to the amount that reduces the net asset value to the discounted value of forecasted future cash flows discounted at (i) for “impaired Pools”, the interest rate established at inception of the Loans, and (ii) for Pools that are not impaired, the current forecasted interest rate, at the end of the most recent Collection Period (it being understood that a Pool is an “impaired Pool” if the current forecasted cash flows are less than estimated/forecasted cash flows at inception).

Loan Loss Reserve means the allowance for loan and lease losses of a Person, calculated in accordance with GAAP and all Applicable Laws and Regulations.

Loan Loss Reserve. With respect to each Watchlist Loan, an amount available to cover any losses with respect to such Watchlist Loan equal to the amounts set forth in the Credit and Collection Policy.

Loan Loss Reserve means that amount reserved for possible loan losses as reflected in the financial statements of Cole Xxxxxx.

Loan Loss Reserve means a pool of capital set aside to reimburse a private lender if a customer defaults on a loan, up to an agreed-upon percentage of loans originated by the private lender.

Loan Loss Reserve means $700,000.