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 Reserve Amount means, (i) $__________ (i.e., ___% of the 201[__]-[__] Cutoff Date Aggregate Securitization Value) or (ii) on any Payment Date occurring on or after the date on which the Outstanding Amount of the Notes has been reduced to zero, zero; provided that the Required Reserve Amount may not be greater than the Note Balance of the Notes.
Required Reserve Amount means, with respect to any Payment Date (i) during the Revolving Period, an amount equal to $10,899,182.56 (which is approximately 1.00% of the Series Invested Amount as of the Closing Date) and (ii) during the Amortization Period, an amount equal to the amount on deposit in the Reserve Account as of the immediately preceding Payment Date, after giving effect to all deposits into and withdrawals from the Reserve Account on such immediately preceding Payment Date.
Examples of Required Reserve Amount in a sentence
The Required Reserve Amount (including, without limitation, each increase in the number of shares so reserved) shall be allocated pro rata among the Holders based on the number of the Preferred Shares held by each Holder on the Initial Issuance Date or increase in the number of reserved shares, as the case may be (the “Authorized Share Allocation”).
More Definitions of Required Reserve Amount
Required Reserve Amount the Reserve Percentage multiplied by the unpaid balance of Purchased Accounts.
Required Reserve Amount means $17,877,097.75, or approximately 1% of the Adjusted Pool Balance as of the Initial Cutoff Date.
Required Reserve Amount has the meaning set forth in Section 6(a).
Required Reserve Amount means the Reserve Percentage multiplied by the unpaid balance of all Purchased Accounts and as such amount may change in accordance herewith.
Required Reserve Amount means, $5,630,794.98, which is 0.50% of the Initial Pool Balance.
Required Reserve Amount means, $4,055,816.88, which is 0.25% of the Initial Pool Balance.
Required Reserve Amount means, with respect to any Transfer Date on or after the Reserve Account Funding Date, an amount equal to