Servicing Fee Reserve Ratio definition

Servicing Fee Reserve Ratio means, as of any Monthly Reporting Date and continuing until (but not including) the next succeeding Monthly Reporting Date, an amount (expressed as a percentage) equal to the product of (i) the Servicing Fee Percentage and (ii) a fraction having as the numerator, 2 times the Days Sales Outstanding as of such earlier Monthly Reporting Date, and as the denominator, 360.

Servicing Fee Reserve Ratio means, at any time, the quotient, expressed as a percentage, of (a) the product of (i) 1.5 times (ii) the current Servicing Fee rate, times (iii) the Days Sales Outstanding in effect on such date, divided by (b) the number of days in the calendar year in which such Servicing Fee rate is calculated (i.e., 365/366).

Servicing Fee Reserve Ratio means the product of (i) 1.0% multiplied by (ii) the Stress Factor multiplied by (iii) the DSO divided by 360.

Examples of Servicing Fee Reserve Ratio in a sentence

• Total Reserves: The "Total Reserves" equal the sum of amounts corresponding to (a) the Net Receivables Balance times the sum of (i) the Loss and Dilution Reserve percentage and (ii) the Carrying Cost Reserve percentage and (b) the amount of outstanding Receivables times the Servicing Fee Reserve Ratio (as defined below).

• Total Reserves: The "Total Reserves" equal the sum of -------------- amounts corresponding to (a) the Net Receivables Balance times the sum of (i) the Loss and Dilution Reserve percentage and (ii) the Carrying Cost Reserve percentage and (b) the amount of outstanding Receivables times the Servicing Fee Reserve Ratio (as defined below).

• OL = the Outstanding Loans on the date of such computation; LDRR = the Loss and Dilution Reserve Ratio on the date of such computation; CCRR = the Carrying Cost Reserve Ratio on the date of such computation; SFRR = the Servicing Fee Reserve Ratio on the date of such computation; OBR = the Outstanding Balance of all Receivables on the date of such computation; and NRB = the Net Receivables Balance on the date of such computation.

More Definitions of Servicing Fee Reserve Ratio

Servicing Fee Reserve Ratio means, at any time, an amount equal to the product of (i) the Servicing Fee Percentage and (ii) a fraction having as the numerator, the product of (a) 2 and (b) the DSO, and as the denominator, 360.

Servicing Fee Reserve Ratio means, on any day, for the preceding Calculation Period, the product of (i) the Servicing Fee Percentage, (ii) the Stress Factor and (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the preceding twelve Calculation Periods (including such Calculation Period) and the denominator of which is 360.

Servicing Fee Reserve Ratio means, at any time, an amount equal to the product of (i) the Servicing Fee Percentage and (ii) a fraction having as the numerator, the highest DSO for the most recent 12 Calculation Periods, and as the denominator, 360.

Servicing Fee Reserve Ratio means, at any time, an amount equal to: the Servicing Fee x the DSO x 2 Percentage ----------------------------------------------------------------------- 360 SA-29 RECEIVABLES TRANSFER AGREEMENT

Servicing Fee Reserve Ratio means, as of any Monthly Settlement Report Date and continuing until, but not including, the next Monthly Settlement Report Date, an amount, expressed as a percentage, equal to (i) the product of (A) the Servicing Fee Percentage and (B) 2 times Days Sales Outstanding as of such earlier Monthly Settlement Report Date divided by (ii) 360.

Servicing Fee Reserve Ratio means, as of any Monthly Reporting Date and continuing until (but not including) the next succeeding Monthly Reporting Date, an amount equal to the product of (i) the Servicing Fee Rate and (ii) a fraction having as the numerator the

Servicing Fee Reserve Ratio means, as of any date of determination, an amount equal to the product of (i) 2.0, (ii) the Servicing Fee Rate and (iii) a fraction, the numerator of which is the higher of (a) 30 and (b) the Receivables Collection Turnover as of the end of the Settlement Period immediately preceding such date, and the denominator of which is 360.