Relevant Cash Reserve definition

Relevant Cash Reserve means with respect to the relevant Portfolio and with reference to any given Payment Date and Calculation Date, the monies standing from time to time to the credit of the relevant Cash Reserve Account (including amounts to be credited on the relevant Cash Reserve Account on such Payment Date and increased as the case may be by the amount made available by the other Relevant Cash Reserve pursuant to the terms of the Cash Administration and Agency Agreement), on the immediately preceding Payment Date (after application of the Single Portfolio Available Funds or the Issuer Available Funds, in accordance with the applicable Order of Priority).
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Relevant Cash Reserve means, with reference to any given Payment Date and Calculation Date, with respect to each of Banca CR Savigliano, Banca MCFVG, Banca Alpi Marittime and CR Cento the monies standing from time to time to the Relevant Cash Reserve SubAccount on the immediately preceding Payment Date (after application of the Single Portfolio Available Funds, in accordance with the applicable Order of Priority). On each Payment Date prior to the delivery of a Trigger Notice up to (but excluding) the Payment Date on which the Class A Notes are redeemed in full, the Issuer will, in accordance with the Pre-Acceleration Order of Priority or the Cross Collateral Order of Priority (as applicable), pay into the Banca CR Savigliano Cash Reserve SubAccount, the Banca MCFVG Cash Reserve SubAccount, the Banca Alpi Marittime Cash Reserve SubAccount and the CR Cento Cash Reserve SubAccount an amount to bring the balance of such account equal to the relevant Target Cash Reserve Amount (respectively, the “Banca CR Savigliano Target Cash Reserve Amount”, the “Banca MCFVG Target Cash Reserve Amount”, the “Banca Alpi Marittime Target Cash Reserve Amount” and the “CR Cento Target Cash Reserve Amount”, each a “Target Cash Reserve Amount”). The “Banca CR Savigliano Target Cash Reserve Amount” means, in respect to any Payment Date, an amount equal to:
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Relevant Cash Reserve means with respect to the Portfolio of each Limited Recourse Loan Provider and with reference to any given Payment Date and Calculation Date, the monies standing from time to time to the credit of the relevant Cash Reserve Account, on the immediately preceding Payment Date (after application of the Single Portfolio Available Funds or the Issuer Available Funds, inaccordance with the applicable Order of Priority) except for each Issue Price Difference.
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Examples of Relevant Cash Reserve in a sentence

  • The BP Lajatico Reserve Amount is composed by the BP Lajatico Liquidity Reserve Amount and the BP Lajatico Cash Reserve Amount which are, respectively, the Relevant Reserve Amount, the Relevant Liquidity Reserve Amount and the Relevant Cash Reserve Amount of the BP Lajatico Portfolio.

  • The BCC Fornacette Reserve Amount is composed by the BCC Fornacette Liquidity Reserve Amount and the BCC Fornacette Cash Reserve Amount which are, respectively, the Relevant Reserve Amount, the Relevant Liquidity Reserve Amount and the Relevant Cash Reserve Amount of the BCC Fornacette Portfolio.

  • A Single Portfolio Detrimental Event shall occur with respect to a Payment Date (other than a Payment Date on which the Class A Notes are redeemed in full) and to a Portfolio, when one or more Relevant Cash Reserve (calculated taking into account any amount to be paid into and out of such Relevant Cash Reserve SubAccount on such Payment Date) is less than 50% (fifty per cent) of the relevant Target Cash Reserve Amount.

  • Single Portfolio Detrimental EventA Single Portfolio Detrimental Event shall occur with respect to a Payment Date (other than a Payment Date on which the Class A Notes are redeemed in full) and to a Portfolio, when one or more Relevant Cash Reserve (calculated taking into account any amount to be paid into and out of such relevant Cash Reserve Account on such Payment Date) is less than 50% (fifty per cent.) of the relevant Target Cash Reserve Amount.

  • The BCC Castagneto Reserve Amount is composed by the BCCCastagneto Liquidity Reserve Amount and the BCC Castagneto Cash Reserve Amount which are, respectively, the Relevant Reserve Amount, the Relevant Liquidity Reserve Amount and the Relevant Cash Reserve Amount of the BCC Castagneto Portfolio.

  • A Single Portfolio Detrimental Event shall occur with respect to a Payment Date (other than a Payment Date on which the Senior Notes are redeemed in full) and to a Portfolio, when one or more Relevant Cash Reserve (calculated taking into account any amount to be paid into and out of such relevant Cash Reserve Account on such Payment Date) is less than 60% (sixty per cent.) of the relevant Target Cash Reserve Amount.

  • SINGLE PORTFOLIO DETRIMENTAL EVENTA Single Portfolio Detrimental Event shall occur with respect to a Payment Date (other than a Payment Date on which the Class A Notes are redeemed in full) and to a Portfolio, when one or more Relevant Cash Reserve (calculated taking into account any amount to be paid into and out of such relevant Cash Reserve Account on such Payment Date) is less than 50% (fify per cent) of the relevant Target Cash Reserve Amount.

  • The PTEPA rubric includes multiple items about specific activities and structures that indicate institutional commit- ment and strong leadership.

  • Specifically, pursuant to the Limited Recourse Loan Agreement, each Originator will advance to the Issuer a limited recourse loan necessary, inter alia, to fund each Relevant Cash Reserve in order to constitute the Cash Reserves.

  • The BCC Cambiano Reserve Amount is composed by the BCC Cambiano Liquidity Reserve Amount and the BCC Cambiano Cash Reserve Amount which are, respectively, the Relevant Reserve Amount, the Relevant Liquidity Reserve Amount and the Relevant Cash Reserve Amount of the BCC Cambiano Portfolio.

Related to Relevant Cash Reserve

  • Cash Reserve means (i) at any time after the occurrence and during the continuation of a Level One Trigger, [*] of the aggregate Investment at such time and (ii) at any other time, an amount equal to 1% of the aggregate Investment at such time.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Loss Reserve means, on any date, an amount equal to: (a) the Aggregate Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Loss Reserve Percentage on such date divided by (ii) 1, minus the Loss Reserve Percentage on such date.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Loss Reserve Percentage means, on any date, the product of (A) 2.25 times (B) the highest average of the Default Ratios for any three consecutive calendar months during the twelve most recent calendar months times (C) the Loss Horizon Ratio.

  • Class C Reserve Account Percentage means, (i) zero, if the Quarterly Excess Available Funds Percentage on such Transfer Date is greater than or equal to 4.50%, (ii) 1.25%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.50% and greater than or equal to 4.00%, (iii) 2.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.00% and greater than or equal to 3.50%, (iv) 2.75%, if the Quarterly Excess Available Funds Percentage is less than 3.50% and greater than or equal to 3.00%, (v) 3.50%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 3.00% and greater than or equal to 2.50%, (vi) 4.50%, if the Quarterly Excess Available Funds Percentage is less than 2.50% and greater than or equal to 2.00%, and (vii) 6.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 2.00%.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Loan Loss Reserves means funds held by the Seller to cover potential losses in connection with the mortgage loans owned in the Seller’s portfolio, including without limitation any amounts required to be maintained and held as a loan loss reserve in accordance with GAAP and any other regulatory requirement applicable to the Seller.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Required Reserve Fund Deposit With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Aggregate Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date; provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class A( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • 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).

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Primary Reserve means the total reserve capability of generation resources that can be converted fully into energy or Demand Resources whose demand can be reduced within ten minutes of a request from the Office of the Interconnection dispatcher, and is comprised of both Synchronized Reserve and Non-Synchronized Reserve.