Examples of Specified Reserve Balance in a sentence

Initial {71} Specified Reserve Balance ([]% of the Pool Balance as of the Cutoff Date) {71} {72} Beginning of period Reserve Account balance {72} {73} Reserve Account Deposit from Collection Account {73} {74} Investment Earnings - Reserve Account {74} {75} Investment Earnings - transferred to Collection Account Available Funds {75} {76} Reserve Account Withdrawal Amount {76} {77} End of period Reserve Account balance {77} {78} Reserve Account deficiency {78} {79} Reserve Account draw amount {79} VII.

More Definitions of Specified Reserve Balance

Specified Reserve Balance means $21,056,565.63, or 1.00% of the Initial Adjusted Pool Balance.

Specified Reserve Balance means $16,500,035.07; provided, however, that the Specified Reserve Balance with respect to any Distribution Date shall not exceed the sum of the aggregate outstanding principal amount of all the Notes and the Aggregate Certificate Balance of all the Certificates as of the preceding Distribution Date (after giving effect to any principal payments made on the Securities on such preceding Distribution Date).

Specified Reserve Balance means for a Payment Date the lesser of (a) $3,131,045.59 (0.50% of the principal balance of the Receivables as of the Cut-off Date) and (b) the sum of the aggregate principal balance of the Outstanding Notes and the principal balance of the Certificates as of the current Payment Date. However, the Specified Reserve Balance will be calculated using a percentage of 0.75% in (a) above for any Payment Date for which the Average Net Loss Ratio exceeds 1.25% or the Average Delinquency Ratio exceeds 1.25% (the "specified trigger level"). Also, that higher percentage will remain in effect until each of the Average Net Loss Ratio and the Average Delinquency Ratio is equal to or less than 1.25% for at least six consecutive Payment Dates. In no event will the Specified Reserve Balance for any Payment Date exceed the aggregate Outstanding principal balance of the Receivables at the end of the related Collection Period. The Specified Reserve Balance may be reduced to a lesser amount as determined by the Depositor, if each of Moody's and Standard & Poor's shall have confirmed in writing to the Indenture Trustee that such action will not result in a withdrawal or reduction in any of its ratings of the Securities.

Specified Reserve Balance means, with respect to any Payment Date, the greater of (i) 0.50% of the Initial Pool Balance and (ii) 1.25% of the Pool Balance at the end of the Collection Period preceding such Payment Date; provided, however, the Specified Reserve Balance shall be calculated using a percentage of 0.75% in (i) above and 2.50% in (ii) above, for any Payment Date on which the Average Net Loss Ratio exceeds the Average Net Loss Trigger Percentage or the Average Delinquency Ratio exceeds the Average Delinquency Trigger Percentage; provided, further, however, that such higher percentage shall remain in effect until the Average Net Loss Ratio and the Average Delinquency Ratio are equal to or less than 0.85% for at least six consecutive Collection Periods. Notwithstanding the foregoing, the Specified Reserve Balance may be reduced to a lesser amount as determined by the Seller if the Rating Agency Condition is satisfied.

Specified Reserve Balance means, with respect to any Payment Date, the lesser of (a) 2.25% of the Adjusted Original Pool Balance and (b) the outstanding principal amount of the Notes as of such Payment Date (after giving effect to any principal payment made on such Payment Date). Notwithstanding the foregoing, if (i) each Rating Agency delivers a letter to the Indenture Trustee that the use of any new formulation requested by the Seller would not cause a downgrade, qualification or withdrawal of the then current rating on any Class of Notes, and (ii) an Opinion of Counsel to the effect that the proposed change will not adversely affect the status of the Notes as debt is delivered to the Indenture Trustee, then the Specified Reserve Balance may be changed in accordance with such letters without an amendment hereto.

Specified Reserve Balance means, $5,421,329.

Specified Reserve Balance means $ , or % of the Initial Pool Balance.