Loss Reserve Amount means, at any time, an amount equal to the product of (i) the Loss Reserve Percentage at such time and (ii) the Net Receivables Balance at such time.
Loss Reserve Amount means, on any day, the product of (i) the Loss Reserve Percentage and (ii) the Net Receivables Balance on such day.
Loss Reserve Amount means, for each Loan Pool, *** of the difference between (i) the monthly gross revenues and all other amounts from all Business Leases collected by the Custodian pursuant to the Custodial Agreement related to such Loan Pool and (ii) the sum of the amounts paid, disbursed or reserved pursuant to clauses (i) - (iii) of Section 2.8(c) with respect to all Lease Financing Loans related to such Business Leases, until the amounts reserved for such Lease Financing Loans equal the Reserve Cap for such Lease Financing Loans.
Examples of Loss Reserve Amount in a sentence
Loss Reserve Rate means, as of any Calculation Date, the ratio (expressed as a percentage) calculated by dividing (a) the Loss Reserve Amount as of that date by (b) the Dynamic Enhancement Receivables Base as at that date.
Payment of the portion of the Net Loan Loss Reserve Amount due shall be made within the thirty (30) day period commencing upon the expiration of twelve (12) months following the effective date of the Executive’s termination of employment.
More Definitions of Loss Reserve Amount
Loss Reserve Amount. With respect to any Defaulted Qualified Loan, the amount, if any, by which (a) the sum of the amounts due as described in paragraphs 5.01(b)(I)(iv) and (v) (or paragraphs 5.01(b)(II)(iv) and (v), as applicable) hereof exceeds (b) (x) Liquidation Proceeds less (y) Liquidation Expenses not theretofore reimbursed to either Xxxxxx Mac or the Seller, as appropriate, less (z) the sum of the amounts described in paragraphs 5.01(b)(I)(i) and (ii) (or paragraphs 5.01(b)(II)(i) and (ii), as applicable) hereof. Liquidation Proceeds and Liquidation Expenses shall be allocated among all then outstanding loans from Seller to the borrower, including such Defaulted Qualified Loan. MBS: Securities issued and/or guaranteed by Xxxxxx Mac that are secured as to 100% of the outstanding principal amount by Qualified Loans.
Loss Reserve Amount means, on any day, the sum of (a) the product of (i) 10.00%times (ii) the Net Pool Balance, plus (b) the Unbilled Receivable Step-Up Amount.
Loss Reserve Amount means, as at any Calculation Date, the product of:
Loss Reserve Amount means, on any day, the product of (i) the Loss Reserve Percentage and (ii) the Net Receivables Balance on such day. “Loss Reserve Percentage” shall mean, the percentage, calculated on any day, equal to the greater of (a) 10.00% (the “Loss Reserve Floor”) and (b) the product of (i) the Stress Factor, (ii) the Loss Ratio and (iii) the Loss Horizon Ratio. “Mandatory Reduction Amount” shall mean the amount necessary to cause the Percentage Interest to be less than or equal to 100%. “Mandatory Reduction Date” shall mean the date on which a Mandatory Reduction Amount is paid. “Material Adverse Effect” shall mean a material adverse effect on (i) the financial condition or operations of (a) the Seller, (b) Xxxxxxxx and its Subsidiaries, taken as a whole, or (c) the Parent and its Subsidiaries, taken as a whole; (ii) the ability of the Seller, Xxxxxxxx or any other
Loss Reserve Amount. Loss Reserve Percentage x Total Fundable Debts where: “Loss Reserve Percentage” means on any Monthly Reporting Date or any Utilisation Date, the fraction expressed as a percentage equal to the greater of (i) the Concentration Floor and (ii) the fraction expressed as a percentage calculated in accordance with the following formula: LHR x LR x SF where: LHR = Loss Horizon Ratio as at the most recent Monthly Reporting Date; LR = Loss Reserve Ratio as at the most recent Monthly Reporting Date; and SF = stress factor multiple of 3.5, or 2.5 once the Bank confirms that it has received information (in form and substance satisfactory to it) in respect of Debts, provided for the twelve (12) Monthly Reporting Periods following the date of this Deed. “Loss Horizon Ratio” means, on any Monthly Reporting Date, the ratio expressed as a percentage determined by dividing (i) the aggregate Sterling amount of all Sales generated during the Loss Horizon ending on the last date of the most recently ended Monthly Reporting Period by (ii) the aggregate outstanding Sterling amount of all Eligible Debts as on the last date of the most recently ended Monthly Reporting Period. “Loss Reserve Ratio” means, on any Monthly Reporting Date, the highest three calendar month rolling average of the Default Ratios occurring during the twelve (12) most recent Monthly Reporting Periods immediately preceding such Monthly Reporting Date provided that if on any Monthly Reporting Date there are fewer than twelve (12) preceding Monthly Reporting Periods, the Loss Reserve Ratio shall be calculated on the basis of Default Ratios occurring during such Monthly Reporting Periods as have occurred and Historical Receivables Information for the remaining periods. “Default Ratio” means, on any Monthly Reporting Date, the ratio expressed as a percentage determined by dividing (i) the aggregate outstanding Sterling amount of all Debts that have become Defaulted Debts during the immediately preceding Monthly Reporting Period by (ii) the aggregate Sterling amount of all Sales generated during the first Monthly Reporting Period of the three (3) most recent Monthly Reporting Periods immediately preceding such Monthly Reporting Date ending on the last date of the most recently ended Monthly Reporting Period.
Loss Reserve Amount has the meaning given to it in part 1 of schedule 2.
Loss Reserve Amount means, on any day, the sum of (a) the product of (i) 10.00% times (ii) the Net Pool Balance, plus (b) the Unbilled Receivable Step-Up Amount.