Dealer Reserve definition

Dealer Reserve means the amount due to a dealer with respect to a Receivable wherein the Borrower is or will become obligated to such dealer in conjunction with the purchase or transfer of such Receivable, through an agreement in writing, containing a "reserve" or other liability arrangement between the dealer and Borrower.
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Dealer Reserve means all amounts held in reserve by the Borrowers or its Subsidiaries, with respect to Sales Finance Paper purchased from automotive or other dealers.
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Dealer Reserve means, as of any date of calculation, the -------------- aggregate Dollar amount held or owed by Borrower to Dealer which is subject to the provisions of applicable Dealer Agreements between Borrower and its Dealers.
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Examples of Dealer Reserve in a sentence

  • All income or other gain from investments of moneys deposited in the Trust Accounts (other than the Dealer Reserve Account) shall be deposited by the Indenture Trustee in the Collection Account, and any loss resulting from such investments shall be charged to such account.

  • All income and other gain from investment of monies in the Dealer Reserve Account (net of any losses and investment expenses) will be payable on each Distribution Date to the Depositor.

  • The term "Dealer Reserve" shall mean the amount due to a dealer with respect to a Receivable wherein the Borrower is or will become obligated to such dealer in conjunction with the purchase or transfer of such Receivable, through an agreement in writing, containing a "reserve" or other liability arrangement between the dealer and Borrower.

  • The Finance Participation shall be computed and paid to Dealer in accordance with payment procedures specified by the Bank in a Dealer Reserve Supplement Letter or other notice as provided by the Bank.

  • The Finance Plan may provide for the withholding by the Sales Company of certain types of reserves for each dealer, such as the Dealer Reserve and the Contingent Earnings (collectively, "Reserves") as described in the Finance Plan.

  • Upon satisfaction of all obligations of Dealer to Lender any credit balance then remaining in the Dealer Reserve Account will be released to the Dealer.

  • Description -------- ----------- A0230 Safe Deposit Box Numbers $ 400 A0234 Construction Commitment Processing 1,000 A0235 Rate Change Process 1,000 A0237 Payment Factor 4,500 A0302 Backdated Rate Change 400 A0395 Print Ending Balance 300 A0409 Alternate Dealer Reserve Servicing 4,000 A0424 Analysis Summary Block 675 A0425 Work with Mult.

  • As provided in the Dealer Reserve Schedule A, if a Contract prepays in whole or in part before its stated maturity date Dealer shall be responsible for Dealer's proportionate share of any unearned finance charges, insurance premiums and/or charges for extended warranty, mechanical breakdown or comparable programs, whether or not the amount of the Dealer Reserve Account is sufficient to cover such liability and whether or not this Agreement has theretofore been terminated.

  • Upon termination of this arrangement, any credit balance in the Dealer Reserve Account may be applied by Lender against any outstanding obligations of Dealer to Lender.

  • The Sellers shall have no Liability (for indemnification or otherwise) with respect to claims under Section 10.2(a) until the total of all Damages with respect to such matters exceeds two hundred fifty thousand dollars ($250,000) and then only for the amount which such Damages exceed two hundred fifty thousand dollars ($250,000) (exclusive of any amounts charged to the Dealer Reserve).


More Definitions of Dealer Reserve

Dealer Reserve means as respects each Dealer, the amount held in the reserve account established pursuant to a Dealer Financing Agreement maintained by STEN Credit, but in no event shall the amount of such reserve be less than thirty-three percent (33%) of all contracts initiated by such Dealer until the amount held in the Dealer’s reserve account equals a minimum of $40,000, and thereafter, such reserve shall equal at least twenty-five percent (25%).
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Dealer Reserve means the unfunded contingent liability of the Seller or any Predecessor in Interest to each Dealer pursuant to the related Dealer Purchase Agreement to pay the remaining principal balance of the agreed purchase price of the Receivables transferred pursuant to such Dealer Purchase Agreement, and is used to allow the Seller, by exercising a right of offset, to satisfy the Dealer’s obligation to the Seller to repurchase any Receivable for any of the reasons set forth in such Dealer Purchase Agreement.
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Dealer Reserve means the reserve account established for each Dealer pursuant to the related Dealer Agreement and that is used to effect the Dealer’s repurchase of any Vehicle Contract: (i) that is determined by the Sellers to be uncollectible (in a manner consistent with its internal collection and servicing procedures); (ii) as to which a Breach has occurred or to Sellers’ Knowledge, is Threatened; or (iii) for any other reason set forth in such Dealer Agreement.
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Related to Dealer Reserve

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.

  • Carryover Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered holders of CWABS, Inc., Asset-Backed Certificates, Series 2004-BC3". Funds in the Carryover Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created under this Agreement.

  • SOFR Reserve Percentage means, for any day, the maximum effective percentage in effect on such day, if any, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including, without limitation, supplemental, marginal and emergency reserve requirements) with respect to SOFR funding.

  • Servicing Reserve means, for any Calculation Period, the product (expressed as a percentage) of (a) the Servicing Fee Rate, times (b) a fraction, the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Qualified Account means an Account of Borrower generated in the ordinary course of Borrower's business from the sale of goods or rendition of medical services which Lender, in its sole credit judgment, deems to be a Qualified Account. Without limiting the generality of the foregoing, no Account shall be a Qualified Account if: (a) the Account or any portion thereof is payable by an individual beneficiary, recipient or subscriber individually and not directly to Borrower by a Medicaid/Medicare Account Debtor or commercial medical insurance carrier acceptable to Lender in its sole discretion; (b) the Account remains unpaid more than one hundred twenty (120) days past the claim or invoice date; (c) the Account is subject to any defense, set-off, counterclaim, deduction, discount, credit, chargeback, freight claim, allowance, or adjustment of any kind; (d) any part of any goods the sale of which has given rise to the Account has been returned, rejected, lost, or damaged; (e) if the Account arises from the sale of goods by Borrower, such sale was not an absolute sale or on consignment or on approval or on a sale-or-return basis or subject to any other repurchase or return agreement, or such goods have not been shipped to the Account Debtor or its designee; (f) if the Account arises from the performance of services, such services have not been actually been performed or were undertaken in violation of any law; (g) the Account is subject to a lien other than a Permitted Lien; (h) Borrower knows or should have known of the bankruptcy, receivership, reorganization, or insolvency of the Account Debtor; (i) the Account is evidenced by chattel paper or an instrument of any kind, or has been reduced to judgment; (j) the Account is an Account of an Account Debtor having its principal place of business or executive office outside the United States; (k) the Account Debtor is an Affiliate or Subsidiary of Borrower; (l) more than ten percent (10%) of the aggregate balance of all Accounts owing from the Account Debtor obligated on the Account are outstanding more than one hundred fifty (150) days past their invoice date; (m) fifty percent (50%) or more of the aggregate unpaid Accounts from any individual Account Debtor are not deemed Qualified Accounts hereunder; (n) the total unpaid Accounts of the Account Debtor, except for a Medicaid/Medicare Account Debtor, exceed twenty percent (20%) of the net amount of all Qualified Accounts (including Medicaid/Medicare Account Debtors); (o) any covenant, representation or warranty contained in the Loan Documents with respect to such Account has been breached; or (p) the Account fails to meet such other specifications and requirements which may from time to time be established by Lender.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Net WAC Rate Carryover Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the sum of (A) the positive excess of (i) the amount of interest accrued on such Class of Certificates on such Distribution Date calculated at the related Formula Rate, over (ii) the amount of interest accrued on such Class of Certificates at the Net WAC Rate for such Distribution Date and (B) the Net WAC Rate Carryover Amount for the previous Distribution Date not previously paid, together with interest thereon at a rate equal to the Formula Rate for such Class of Certificates for such Distribution Date and for such Accrual Period.

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • Required Reserve means, on any day during a Calculation Period, the product of (a) the greater of (i) the Required Reserve Factor Floor and (ii) the sum of the Loss Reserve, the Interest Reserve, the Dilution Reserve and the Servicing Reserve, times (b) the Net Pool Balance as of the Cut-Off Date immediately preceding such Calculation Period.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Dilution Reserve means, as of any date of determination, an amount sufficient to reduce the advance rate against Eligible Accounts by 1 percentage point for each percentage point by which Dilution is in excess of 5%.

  • C/D Reserve Percentage for any day as applied to any ABR Loan, that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board, for determining the maximum reserve requirement for a Depositary Institution (as defined in Regulation D of the Board) in respect of new non-personal time deposits in Dollars having a maturity of 30 days or more.

  • Interest Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Yield Reserve Percentage means at any time of determination:

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.