Examples of Loss Reserve Percentage in a sentence
The Borrower shall maintain loss and dealer reserves at all times during the term of the Agreement in an amount, calculated as of the last day of each quarter, which shall not be less than an amount equal to the Loss Reserve Percentage (determined as of the last day of such quarter) multiplied by the aggregate amount of all Net Contract Payments due as of the last day of such quarter.
When the Bank funds a Loan, the Bank as Escrow Agent shall transfer funds from the Escrow Account to the Reserve Account in an amount equaling the product of the Loss Reserve Percentage multiplied times the original principal amount of the applicable Loan.
Funds in the Reserve Account shall never exceed 125% of the Loss Reserve Percentage (10%) of the outstanding Qualifying Loan portfolio.
The Loss Reserve Percentage amount is $10,000, and the Loss Reserve Account Ceiling is $12,500.
Borrower shall maintain aggregate reserves for credit ------------- losses, calculated on a consolidated basis as of the last day of each month in an amount which shall not be less than the product of the Loss Reserve Percentage, multiplied by the Net Contract Payments outstanding as of the date ---------- of determination.