Reserve Factor definition

Reserve Factor means the annual factor determined by the department that is necessary to ensure that the unemployment trust fund sustains an adequate reserve.
Sample 1Sample 2Sample 3
Reserve Factor means, with respect to any Interest Period of any LIBOR Loan or C/D Rate Loan, the maximum aggregate reserve percentage (expressed as a decimal, rounded to the nearest 1/100th of one percent) in effect which may be imposed under regulations issued from time to time by the Federal Reserve Board for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurodollar deposits (in the case of LIBOR Loans) or non-personal time deposits (in the case of C/D Rate Loans) with a maturity and size comparable to that of the applicable Interest Period as in effect on the date of the Notice of Election.
Sample 1Sample 2
Reserve Factor as of any date, a number equal to the number one (1) minus the percentage (expressed as a decimal rather than a percentage) stipulated by Regulation D of the Federal Reserve Board as the highest marginal percentage of net demand deposits required to be maintained on reserve by the Bank.
Sample 1

Examples of Reserve Factor in a sentence

  • Reserve Factor Applicable Mortality Basis YRT Factor Factor Pointer TAI specific field to identify applicable mortality table used when calculating reserves.

  • It is further agreed that with respect to the balance in the Reserve, Factor is authorized to withhold, without giving prior notice to Client, such payments and credits otherwise due to Client under the terms of this Agreement for reasonably anticipated claims or to adequately satisfy reasonably anticipated Obligation(s) Client may owe Factor.

  • Dilution Ratio % 33 Expected Dilution Ratio % 34 Dilution Horizon Ratio 0.00 35 Dilution Volatility Factor % 36 Dilution Reserve Factor % Yield Reserve: 37 One-Month BTMU Libor % 38 Average Maturity 0.00 00 Xxxxx Xxxxxxx Xxxxxxxxxx % 00 Xxxxx Xxxxxxx $ — Servicer Fee Reserve: 41 Servicer Fee % 42 Servicer Fee Reserve $ — VIII.

  • On any day during a Settlement Period, the percentage equivalent of the greater of (a) the Required Reserve Factor Floor and (b) the sum of (i) the Loss Reserve, (ii) the Dilution Reserve, (iii) the Yield Reserve, and (iv) the Servicing Reserve.

  • It is further agreed that with respect to the balance in the Reserve, Factor is authorized to withhold without giving prior notice to Client, such payments and credits otherwise due to Client under the terms of this Agreement for reasonably anticipated claims or to adequately satisfy reasonably anticipated obligation(s) Client may owe Factor.

  • The Borrowers shall maintain on deposit in a non-interest bearing account with the Bank for each calendar month for which any Advance is outstanding, Average Daily Available Deposits in an amount (the "Required Available Deposit Amount") equal to the Average Daily Advance Amount for such month divided by the Average Daily Reserve Factor for such month.

  • To induce the Bank to make and maintain Balance Supported Loans, the Company and the Designated Borrowing Subsidiaries shall maintain on deposit in a non-interest bearing account with the Bank for each calendar month for which a Balance Supported Loan is outstanding, Average Daily Available Deposits in an amount (the "Required Available Deposit Amount") equal to the Average Daily Balance Supported Balance for such month divided by the Average Daily Reserve Factor for such month.

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

  • On any day during a Settlement Period, an amount equal to the greater of (i) the Required Reserve Factor Floor and (ii) the sum of (A) the Loss Reserve, (B) the Dilution Reserve, (C) the Yield Reserve, and (D) the Servicing Reserve.

  • With respect to the balance in the Reserve, Factor is authorized to withhold, without giving prior notice to Client, such payments and credits otherwise due to Client under the terms of this Agreement for reasonably anticipated claims or to adequately satisfy reasonably anticipated obligations Client may owe Factor.


More Definitions of Reserve Factor

Reserve Factor means, as of any date, a number equal to the greater -------------- of (i) 1.0 minus the percentage advance rate (expressed as a decimal fraction) ----- applicable to Eligible Inventory used by the Agent in its most recent determination of the Borrowing Base and (ii) 0.45.
Sample 1
Reserve Factor is the percentage allocation for each Loan Type as further segmented by Loan Rating. The loan loss reserve will be calculated at the end of each month based on the reserve factors below:
Sample 1
Reserve Factor as of a date of determination, a number equal to one (1) minus the percentage (expressed as a decimal rather than a percentage) stipulated by Federal Reserve Board Regulation D (12 CFR Section 204), as such regulation may be amended from time to time, or by any regulation promulgated to replace said Regulation D, as the highest marginal percentage of net demand deposits required to be maintained on reserve by the Bank on the date of determination.
Sample 1
Reserve Factor and “Reserve” applied to the above Profit Share Distribution may be allocated into Calendar Year Pools as follows: ▪ If any Calendar Year Pool maintains a Loss Ratio below [***] as of the Calculation Date, the Reserve Factor for such Calendar Year Pool will be [***] and applied to all outstanding Reserve. For each Calendar Year Pool that maintains a Loss Ratio of greater than [***] as of the Calculation Date, each 1% increase in loss ratio, rounded to the nearest one, above [***] will increase the [***] Reserve Factor applied to such Calendar Year Pool by 1%. ▪ If Gross Reserve Written in the most recent Calendar Year Pool decreases by more than 40% from the trailing calendar year, the base reserve factor will increase from [***] to [***].
Sample 1

Related to Reserve Factor

  • Note Factor means, for any Payment Date and each Class of Notes, a six-digit decimal equal to the Note Balance of such Class of Notes as of the end of the related Collection Period divided by the Note Balance of such Class of Notes as of the Closing Date. The Note Factor will be 1.000000 as of the Closing Date; thereafter, the Note Factor will decline to reflect reductions in the Note Balance of such Class of Notes.

  • Load Factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Weighted Average Spread means, with respect to Floating Rate Obligations (in each case excluding Defaulted Loans), as of any date, the number obtained by:

  • Debt Service Reserve Requirement means, as of any date of calculation, and for any Fiscal Year, the amount equal to the maximum Adjusted Aggregate Debt Service on Bonds in the current or any future Fiscal Year on all Bonds Outstanding; provided, however, that if, upon the issuance of a Series of Bonds, such amount would require moneys, in an amount in excess of the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, to be deposited therein, the Debt Service Reserve Requirement shall mean an amount equal to the sum of the Debt Service Reserve Requirement immediately preceding issuance of such Bonds and the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, as certified by an Authorized Representative of the Authority; provided, further, that, if (i) the payment of the Principal Installments of or interest on any Series of Bonds or portion thereof is secured by a Special Credit Facility, (ii) the payment of the Tender Option Price of any Option Bond of a Series is secured by a Special Credit Facility or (iii) the Authority has determined in a Supplemental Resolution authorizing the issuance of a Series of Bonds that such Series of Bonds will not be secured by the Common Account in the Debt Service Reserve Fund, the Supplemental Resolution authorizing such Series may specify the Debt Service Reserve Requirement, if any, for the Bonds of such Series: provided, further, that if, as a result of the expiration or termination of a Financial Guaranty, a deficiency shall be created in the Debt Service Reserve Fund, the Debt Service Reserve Requirement shall be calculated so as to exclude the amount of such deficiency and the Debt Service Reserve Requirement shall be increased in each of the five Fiscal Years after the date such deficiency was created by an amount equal twenty per centum (20%) of the aforesaid deficiency.For the purpose of calculating the Debt Service Reserve Requirement for any Variable Rate Bonds of a Series, the maximum Adjusted Debt Service on such Series shall be determined by reference to the Pro Forma Bond Issue for the Variable Rate Bonds of such Series set forth in the Supplemental Resolution authorizing such Series.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Inflation Factor means a number determined for each tax year by dividing the consumer price index for June of the tax year by the consumer price index for June 2005.

  • Reserve Percentage means, on any day, for any Lender, the maximum percentage prescribed by the Board of Governors of the Federal Reserve System (or any successor Governmental Authority) for determining the reserve requirements (including any basic, supplemental, marginal, or emergency reserves) that are in effect on such date with respect to eurocurrency funding (currently referred to as “eurocurrency liabilities”) of that Lender, but so long as such Lender is not required or directed under applicable regulations to maintain such reserves, the Reserve Percentage shall be zero.