Credit Reserve of any Undivided Interest on any day means an amount determined in accordance with the definition of Credit Reserve in Appendix A.
Credit Reserve on any day means an amount determined in accordance with the definition of Credit Reserve in Appendix A.
Credit Reserve means, at any time, the sum of (a) the Cash Management Reserve, plus (b) the Foreign Exchange Reserve, plus the Specified Swap Reserve.
Examples of Credit Reserve in a sentence
If the Cardholder is a physical person, the Company may decide to link a Credit reserve to the Card, if the Cardholder consents to this and it is safe to do so with regard to credit in the individual case in question.
Financial conditions for the use of the Credit reserve, including nominal and effective rate of interest, will be stated in the Company’s price list applicable at any given time.
The regulations laid down in section 11 apply in their entirety to liability for payment linked to the use of the Credit reserve.
The Credit reserve will be set up with an agreed credit limit, of which the Cardholder will be notified when the Credit reserve is granted.
The Cardholder may request that the Credit reserve be cancelled at any time.
More Definitions of Credit Reserve
Credit Reserve means, as of any date of determination, the aggregate amount by which the aggregate Receivable Balances of all Eligible Receivables of the largest number of Obligors (such number determined by applying the table below) exceed [the product of (A) the aggregate Receivable Balances of all Eligible Receivables and (B) (1- the Advance Percentage/100)]: # of Largest Obligors to be covered by the Credit # of Obligors in the Program Reserve 120 3 100 4 80 5 60 6 50 7 40 8 20 10 15 or less 11
Credit Reserve means an agreed credit attached to the Card with a pre-agreed credit limit.
Credit Reserve means, at any date, the amount calculated as follows:CR = CRP x PBwhere:
Credit Reserve shall have the meaning set forth in Article 5.9.
Credit Reserve shall have the meaning specified in Section 3.7.
Credit Reserve with respect to any Undivided Interest at any time means an amount equal to the greater of (1) the product of (i) the Purchaser's Investment of such Undivided Interest at such time divided by the Aggregate Purchaser's Investments at such time times (ii) $5,000,000 and (2) the product of (i) the Purchaser's Investment of such Undivided Interest at such time, times (ii) the greatest of (a) 12%, (b) the product of (1) five times (2) the highest Default Ratio to have occurred for the most recent twelve Month End Dates (or, if less, for the most recent Month End Dates occurring from the date hereof to the date of determination) and (c) the product of (1) 2.5 times (2) the highest Delinquency Ratio to have occurred for the most recent twelve Month End Dates; it being understood, that until Servicer has reported the Default Ratio using at least six months of data, clause (b) shall not be applicable.
Credit Reserve at any time means an amount equal to the greater of (1) $5,000,000 and (2) the product of (i) the Total Purchasers' Investment at such time, times (ii) the greatest of (A) 40%, and (B) the sum of (I) the Dilution Reserve, plus (II) the product of (a) 2.25 times (b) the highest Sales-Based Default Ratio to have occurred for the most recent twelve Month End Dates times the quotient of (x) the cumulative billings over the most recent four months (provided that billings fox xxx xxst recent five months shall be used if required bx xxx Xxrchaser at any time) divided by (y) the aggregate Unpaid Balance of Eligible Receivables as of the most recent Month End Date.