Total Reserves definition

Total Reserves means, at any time of determination, an amount equal to the product of (i) the sum of: (a) the Yield Reserve Percentage, plus (b) the greater of (I) the sum of the Concentration Reserve Percentage, plus the Minimum Dilution Reserve Percentage and (II) the sum of the Loss Reserve Percentage, plus the Dilution Reserve Percentage, times (ii) the Net Receivables Pool Balance at such time.

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Total Reserves means, at any time the sum of: (a) the Yield Reserve, plus (b) the Specifically Reserved Dilution Amount, plus (c) the Canadian Currency Volatility Reserve, plus (d) the greater of (i) the sum of the Loss Reserve plus the Dilution Reserve and (ii) the sum of the Minimum Dilution Reserve plus the Concentration Reserve.

Total Reserves means, at any time, the sum of (i) the Loss and Dilution Reserve, (ii) the Yield and Servicing Fee Reserve and (iii) the Canadian Foreign Exchange Reserve.

Examples of Total Reserves in a sentence

• For the avoidance of doubt, this Section 1.03 and any changes in GAAP or other accounting principles contemplated by this Section shall not affect or modify any computation or determination of the Days’ Sales Outstanding, Default Ratio, Delinquency Ratio, Dilution Ratio, Total Reserves or any input to, or component of, any of the foregoing.

• With respect to each calculation of the Purchased Interest, the Total Reserves used in such calculation shall be measured using the information reported in the most recent Information Package.

• Immediately after giving effect to this Amendment, the Sale Agreement Amendment and the Assignment Agreements, the Aggregate Investment plus the Total Reserves on the date hereof will not exceed the Net Receivables Pool Balance on the date hereof.

• Neither the Administrative Agent nor any Lender shall have any duty to any Loan Party to make any field examination, nor to share any results of any field examination or report with any Loan Party; provided that to the extent Total Reserves are increased as a result of any such field examination, the results of such field examination and any related reports shall be made available to the Borrower reasonably promptly upon request.

• In the event any Originator or Originator Purchase Agreement is so terminated, the ratios used in calculating the Total Reserves shall be determined as if the Receivables of such Originator or of the Originators under such Originator Purchase Agreement, as applicable, had never existed.

More Definitions of Total Reserves

Total Reserves means, at any time of determination, an amount equal to the product of (i) the sum of: (a) the Yield Reserve Percentage,plus (b) the greater of (I) the sum of the Concentration Reserve Percentage, plus the Minimum Dilution Reserve Percentage and (II) the sum of the Loss Reserve Percentage,plus the Dilution Reserve Percentage, times (ii) the Net Receivables Pool Balance at such time.

Total Reserves means an amount, as of any date of calculation, equal to the sum of (I) the product of (i) the sum of (a) the higher of (x) the sum of the Concentration Reserve Percentage and Dilution Reserve Floor Percentage and (y) the sum of the Dynamic Loss Reserve Percentage and Dynamic Dilution Reserve Percentage and (b) the Yield and Servicing Fee Reserve Percentage and (ii) the Net Receivables Pool Balance, plus (II) (i) if such date is more than ninety (90) days prior to the Scheduled Termination Date (or, if the Purchasers have agreed to extend the current Scheduled Termination Date in accordance with Section 1.2(e), the Scheduled Termination Date as it will be so extended), zero ($0), or (ii) in any other case, the aggregate amount of all LC Participation Fees that are scheduled to accrue on all outstanding Letters of Credit over the period beginning on the Scheduled Termination Date and ending for each Letter of Credit on the date that such Letter of Credit is scheduled to have expired in accordance with its terms (assuming that no such Letter of Credit will be drawn or extended, except to the extent already extended or required to be extended in accordance with its terms).

Total Reserves means, for the purpose of this chapter, the sum of the following:

Total Reserves means the aggregate of reserves on hand and reserves on deposit maintained pursuant to the provisions of this chapter;

Total Reserves has the meaning set forth in the Loan Agreement.

Total Reserves means the aggregate of reserves on hand and reserves on deposit

Total Reserves means, at any time the sum of: (a) the Yield Reserve, plus (b) the greater of (i) the Performance Reserve or (ii) the sum of the Concentration Reserve plus the Dilution Component Reserve, plus (c) the Australian Dollar AR Volatility Reserve plus (d) the Australian Dollar LC Volatility Reserve.