Required Reserves at any time means the sum of (a) the Yield Reserve, plus (b) the Servicing Fee Reserve, plus (c) the greater of (i) the sum of the Loss Reserve Ratio and the Dilution Reserve Percentage and (ii) the Minimum Percentage, each as in effect at such time, multiplied by the Net Pool Balance on such date.
Required Reserves at any time means the product of (x) the Net Pool Balance and (y) the greater of (I) 13.00% and (II) the sum of (a) the Yield Reserve Ratio, plus (b) the Servicing Fee Reserve Ratio, plus (c) the greater of (i) the sum of the Loss Reserve Ratio and the Dilution Reserve Ratio and (ii) the Minimum Reserve Ratio, each as in effect at such time.
Required Reserves is defined in Schedule II.
Examples of Required Reserves in a sentence
The following Units shall be covered by project-based rent subsidies: No. of Units Bedrooms Assistance Program MHP Income Limit Required Reserves (paragraph 18).
Note 14 – Legally Required Reserves There is no stated monetary reserve requirement.
Information on reserve requirements The banks which are established in Turkey or operates in Turkey through opening a branch shall be subjected to T.C. Central Bank’s No. 2005/1 Regulation Required Reserves.
Now calculate the changes in the bank's excess reserves: Total Reserves = cash in vault + Deposits at Fed = 10 Required Reserves = RR x Liabilities = .20 x 10 = 2Excess Reserves = Total Reserves - Required Reserves = 10 - 2 = 8 Step 2: FNB makes loan equal to its excess reserves We will assume that when the bank makes a loan for $8 (the amount of its excess reserves above) it credits the borrower's checking account.
Two of the proposed stub streets are longer than 150 feet and require temporary turnarounds.
More Definitions of Required Reserves
Required Reserves means lands required by the State as reserves for Uralla Creek, the 17 Mile Dam and associated works and the levee referred to in Clause 7 all as shown on the said Plan “A” and thereon coloured green red xxxxx and blue; “Rights in Water and Irrigation Act” means the Rights in Water and Irrigation Xxx 0000;
Required Reserves means, for any day, an amount equal to the sum of (a) the Required Receivable Reserves plus (b) the Required Loan Reserves.
Required Reserves. “Net Portfolio Balance” “Servicing Fee Rate” or “RPA Deferred Purchase Price” or (H) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (G) above in a manner that would circumvent the intention of the restrictions set forth in such clauses; or
Required Reserves means, on any day, an amount determined as follows: (RRP x NPB) + YR + SFR where: RRP = the Required Reserve Percentage on such day; NPB = the Net Pool Balance on such day; YR = the Yield Reserve on such day; and SFR = the Servicing Fee Reserve on such day.
Required Reserves means, at any time, the sum of the Loss Reserve, the Interest and Fee Reserve and the Dilution Reserve at such time.
Required Reserves means, at any time, the product of (i) the Net Receivables Balance at such time times (ii) the sum of (a) the Yield and Servicing Fee Reserve Percentage as of such time and (b) the Combined Reserve Percentage as of such time.
Required Reserves. “RESAP Exclusion Event”, “Servicer Termination Event”, “Specified Regulation”, “Total Investment”, ”Unmatured Event of Default”, “Unmatured Servicer Termination Event” or “Yield Period” or any of the definitions used in any such preceding definition, in each case without the prior written consent of each Committed Purchaser and each Purchaser Agent or (vi) release all or any material part of the Asset Interest from the security interest granted by the Seller to the Administrative Agent hereunder without the prior written consent of each Committed Purchaser and each Purchaser Agent; provided, further, that the consent of Seller and Servicer shall not be required for the effectiveness of any amendment which modifies on a prospective basis, the representations, warranties, covenants or responsibilities of Servicer at any time when Servicer is not CHS or an Affiliate of CHS or a successor Servicer is designated by Administrative Agent through a Successor Notice; provided, further, that (x) any amendment, waiver or modification to Section 3.1(d) that adversely affects the rights, duties or obligations of the Custodian or any other amendment, waiver or modification that adversely affects the fees, expenses or indemnities due to the Custodian or (y) any other amendment, modification or waiver that adversely affects the rights, duties or obligations of the Custodian in any material respect, in each case, shall require the prior written consent of the Custodian. Notwithstanding anything in any Transaction Document to the contrary, none of Seller or Servicer shall amend, waive or otherwise modify any other Transaction Document, or consent to any such amendment or modification, without the prior written consent of Administrative Agent and the Required Purchasers.