Reserve Factor definition

Reserve Factor means the annual factor determined by the department that is necessary to ensure that the unemployment trust fund sustains an adequate reserve.

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Reserve Factor as of any date, a number equal to the number one (1) minus the percentage (expressed as a decimal rather than a percentage) stipulated by Regulation D as the highest marginal percentage of net demand deposits required to be maintained on reserve by the Bank.

Reserve Factor means, with respect to any Interest Period of any LIBOR Loan or C/D Rate Loan, the maximum aggregate reserve percentage (expressed as a decimal, rounded to the nearest 1/100th of one percent) in effect which may be imposed under regulations issued from time to time by the Federal Reserve Board for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurodollar deposits (in the case of LIBOR Loans) or non-personal time deposits (in the case of C/D Rate Loans) with a maturity and size comparable to that of the applicable Interest Period as in effect on the date of the Notice of Election.

Examples of Reserve Factor in a sentence

Reserve Factor Applicable Mortality Basis YRT Factor Factor Pointer TAI specific field to identify applicable mortality table used when calculating reserves.
It is further agreed that with respect to the balance in the Reserve, Factor is authorized to withhold, without giving prior notice to Client, such payments and credits otherwise due to Client under the terms of this Agreement for reasonably anticipated claims or to adequately satisfy reasonably anticipated Obligation(s) Client may owe Factor.
Loss Reserve: Dilution Reserve Factor : Yield Reserve: Servicer Fee Reserve: VIII.
On any day during a Settlement Period, the percentage equivalent of the greater of (a) the Required Reserve Factor Floor and (b) the sum of (i) the Loss Reserve, (ii) the Dilution Reserve, (iii) the Yield Reserve, and (iv) the Servicing Reserve.
The definition of "Liquidation Reserve Factor" in Section 1.01 of the Program Agreement is hereby deleted and the following substituted in its stead: "Liquidation Reserve Factor" means .045.
It is further agreed that with respect to the balance in the Required Reserve, Factor is authorised to withhold such payments and credits otherwise due to Seller under the terms of this Agreement for reasonably anticipated claims.
On any day during a Calculation Period, the product of (i) the greater of (A) the Required Reserve Factor Floor and (B) the sum of the Loss Reserve, the Yield Reserve, the Dilution Reserve and the Servicing Reserve, times (ii) the Net Pool Balance as of the Cut-Off Date immediately preceding such Calculation Period.
With respect to the balance in the Reserve, Factor is authorized to withhold, without giving prior notice to Client, such payments and credits otherwise due to Client under the terms of this Agreement for reasonably anticipated claims or to adequately satisfy reasonably anticipated obligations Client may owe Factor.
To induce the Bank to make and maintain Balance Supported Loans, the Company and the Designated Borrowing Subsidiaries shall maintain on deposit in a non-interest bearing account with the Bank for each calendar month for which a Balance Supported Loan is outstanding, Average Daily Available Deposits in an amount (the "Required Available Deposit Amount") equal to the Average Daily Balance Supported Balance for such month divided by the Average Daily Reserve Factor for such month.
It is further agreed that with respect to the balance in the Reserve, Factor is authorized to withhold without giving prior notice to Client, such payments and credits otherwise due to Client under the terms of this Agreement for reasonably anticipated claims or to adequately satisfy reasonably anticipated obligation(s) Client may owe Factor.

More Definitions of Reserve Factor

Reserve Factor and “Reserve” applied to the above Profit Share Distribution may be allocated into Calendar Year Pools as follows: ▪ If any Calendar Year Pool maintains a Loss Ratio below [***] as of the Calculation Date, the Reserve Factor for such Calendar Year Pool will be [***] and applied to all outstanding Reserve. For each Calendar Year Pool that maintains a Loss Ratio of greater than [***] as of the Calculation Date, each 1% increase in loss ratio, rounded to the nearest one, above [***] will increase the [***] Reserve Factor applied to such Calendar Year Pool by 1%. ▪ If Gross Reserve Written in the most recent Calendar Year Pool decreases by more than 40% from the trailing calendar year, the base reserve factor will increase from [***] to [***].

Reserve Factor is the percentage allocation for each Loan Type as further segmented by Loan Rating. The loan loss reserve will be calculated at the end of each month based on the reserve factors below:

Reserve Factor means, as of any date, a number equal to the greater -------------- of (i) 1.0 minus the percentage advance rate (expressed as a decimal fraction) ----- applicable to Eligible Inventory used by the Agent in its most recent determination of the Borrowing Base and (ii) 0.45.