Calculation of Reserves Sample Clauses

Calculation of Reserves on the Coinsured Policies on not less than a calendar quarter basis, and otherwise as may reasonably be required by the Company from time to time in order to comply with the Company's financial reporting requirements and obligations.
Sample 1Sample 2See All (4)
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Calculation of Reserves. Total Reserves (Prior Month-End Proxy) Proxied Weekly Reserves
Sample 1Sample 2See All (4)
Calculation of Reserves. (As of the most recent Cut-Off Date) Loss Reserve 0.00 % Dilution Reserve 0.00 % Yield Reserve 0.00 % Servicing Reserve 0.00 % Required Reserve Factor Floor 0.00 %
Sample 1
Calculation of Reserves. (6) Methods .................................................... (6)
Sample 1
Calculation of Reserves. In the event that a Pending Indemnity Claim has not been Fully Satisfied on or prior to the Final Accounting Date, Seller and Purchaser shall attempt to agree upon an amount (the "Pending Claim Reserve Amount") that represents a reasonable reserve in respect of such Pending Indemnity Claim until such Pending Indemnity Claim is Fully-Satisfied. If Purchaser and Seller are unable to agree on such amount within five Business Days following the Final Accounting Date, they shall jointly appoint the CPA Firm to determine the Pending Claim Reserve Amount. The CPA Firm, acting as experts and not arbitrators, shall review the Claim Notice, the Response Notice and any other written materials submitted by the parties hereunder in respect of such Pending Indemnity Claim, including any Approved Indemnity Payment Notice and shall confer with counsel of its choice regarding the merits of such Pending Indemnity Claim. The CPA Firm shall determine the Pending Claim Reserve Amount based on GAAP and advise of such counsel; provided, however, that in no event shall the Pending Claim Reserve Amount exceed the Claimed Amount less any Approved Indemnity Amount for such Pending Indemnity Claim. Purchaser and Seller shall each pay 50% of the fees and disbursements of the CPA Firm in respect of such engagement (including the reasonable and documented fees and expenses of the CPA-Firm's counsel). Purchaser and Seller shall, and shall cause the Insurance Subsidiaries to, provide to the CPA Firm and its counsel full cooperation. The CPA Firm's written determination (the "CPA Reserve Determination") of the Pending Indemnity Claim Reserve Amount in respect of any Pending Indemnity Claim shall be delivered to Seller and Purchaser no later than 15 days following the engagement of such CPA Firm under this Section 2.12(e) and shall be conclusive and binding upon the parties. Within two Business Days of receipt of the CPA Reserve Determination, or if Seller and Purchaser agree on the Pending Claim Reserve Amount for each Pending Indemnity Claim, promptly following such agreement, Seller and Purchaser shall execute and deliver a certificate (the "Reserve Certificate") to the Escrow Agent which sets forth the aggregate amount (the "Aggregate Reserve Amount") equal to the Pending Indemnity Claim Reserve Amount for each Pending Indemnity Claim as of the Final Accounting Date.
Sample 1
Calculation of Reserves. (a) The Lead Bank shall, after consultation with the Banks, and acting on the instructions of the Majority Banks, decide on the amount of the provision which should be made in respect of unmatured liabilities under the Facilities as soon as practicable after the Enforcement Date for the purpose of creating Reserves for such claims.
Sample 1
Calculation of Reserves. A. Yield Reserve Percentage (proxied) 0.00 % B. Dilution Reserve Percentage (proxied) 0.00 % C. Loss Reserve Percentage (proxied) 0.00 % D. Dynamic Reserve (B + C) 0.00 % E. Concentration Reserve Percentage (proxied) 0.00 % F. Minimum Dilution Reserve Percentage (proxied) 0.00 % G. Reserve Floor (E + F) 0.00 % Reserve Driver: Total Reserve Percentage 0.00 % (Yield Reserve + Greater of Dynamic Reserve and the Greater of Reserve Floor)
Sample 1
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Related to Calculation of Reserves

  • Calculation of Amounts Binding Effect of Interpretations and Actions of Master Servicer...............................

  • RECONCILIATION OF RESERVE ACCOUNT Beginning Reserve Account Balance Reserve Account Deposits Made Reserve Account Draw Amount Ending Reserve Account Balance Change in Reserve Account Balance Specified Reserve Balance

  • Calculation of CP Costs On the third Business Day immediately preceding each Settlement Date, each Conduit shall calculate the aggregate amount of its Conduit Costs for the related Settlement Period and shall notify Seller of such aggregate amount.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Determination of Amount In lieu of the payment of the Exercise Price multiplied by the number of Units for which this Purchase Option is exercisable (and in lieu of being entitled to receive Common Stock and Warrants) in the manner required by Section 2.1, the Holder shall have the right (but not the obligation) to convert any exercisable but unexercised portion of this Purchase Option into Units ("Conversion Right") as follows: upon exercise of the Conversion Right, the Company shall deliver to the Holder (without payment by the Holder of any of the Exercise Price in cash) that number of shares of Common Stock and Warrants comprising that number of Units equal to the quotient obtained by dividing (x) the "Value" (as defined below) of the portion of the Purchase Option being converted by (y) the Current Market Value (as defined below). The "Value" of the portion of the Purchase Option being converted shall equal the remainder derived from subtracting (a) (i) the Exercise Price multiplied by (ii) the number of Units underlying the portion of this Purchase Option being converted from (b) the Current Market Value of a Unit multiplied by the number of Units underlying the portion of the Purchase Option being converted. As used herein, the term "Current Market Value" per Unit at any date means the remainder derived from subtracting (x) the exercise price of the Warrants multiplied by the number of shares of Common Stock issuable upon exercise of the Warrants underlying one Unit from (y) the Current Market Price of the Common Stock multiplied by the number of shares of Common Stock underlying the Warrants and the Common Stock issuable upon exercise of one Unit. The "Current Market Price" of a share of Common Stock shall mean (i) if the Common Stock is listed on a national securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or NASD OTC Bulletin Board (or successor such as the Bulletin Board Exchange), the last sale price of the Common Stock in the principal trading market for the Common Stock as reported by the exchange, Nasdaq or the NASD, as the case may be; (ii) if the Common Stock is not listed on a national securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC Bulletin Board (or successor such as the Bulletin Board Exchange), but is traded in the residual over-the-counter market, the closing bid price for the Common Stock on the last trading day preceding the date in question for which such quotations are reported by the Pink Sheets, LLC or similar publisher of such quotations; and (iii) if the fair market value of the Common Stock cannot be determined pursuant to clause (i) or (ii) above, such price as the Board of Directors of the Company shall determine, in good faith.

  • Determination of Amounts Whenever a Priority Debt Representative shall be required, in connection with the exercise of its rights or the performance of its obligations hereunder, to determine the existence or amount of any First-Out Obligations (or the existence of any commitment to extend credit that would constitute First-Out Obligations), or Second-Out Obligations, or the existence of any Lien securing any such obligations, or the Shared Collateral subject to any such Lien, it may request that such information be furnished to it in writing by the other Priority Debt Representative and shall be entitled to make such determination on the basis of the information so furnished; provided, however, that if a Priority Debt Representative shall fail or refuse reasonably promptly to provide the requested information, the requesting Priority Debt Representative shall be entitled to make any such determination by such method as it may, in the exercise of its good faith judgment, determine, including by reliance upon a certificate of the Borrower. Each Priority Debt Representative may rely conclusively, and shall be fully protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall have no liability to the Borrower or any of their subsidiaries, any Priority Secured Party or any other Person as a result of such determination.

  • CALCULATION OF NET ASSET VALUE U.S. Trust will calculate the Fund's daily net asset value and the daily per-share net asset value in accordance with the Fund's effective Registration Statement on Form N-2 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"), including its current prospectus. If so directed, U.S. Trust shall also calculate daily the net income of the Fund

  • Determination of Net Asset Value The Trustees shall cause the Net Asset Value of Shares of each Series or Class to be determined from time to time in a manner consistent with applicable laws and regulations. The Trustees may delegate the power and duty to determine Net Asset Value per Share to one or more Trustees or officers of the Trust or to a custodian, depository or other agent appointed for such purpose. The Net Asset Value of Shares shall be determined separately for each Series or Class at such times as may be prescribed by the Trustees or, in the absence of action by the Trustees, as of the close of regular trading on the New York Stock Exchange on each day for all or part of which such Exchange is open for unrestricted trading.

  • Computation of Amounts For purposes of computing the amount of any item of income, gain, loss, deduction or expense to be reflected in Capital Accounts, the determination, recognition and classification of each such item shall be the same as its determination, recognition and classification for federal income tax purposes; provided that:

  • Determination Date Calculations; Application of Available Funds (a) On each Determination Date, the Servicer shall calculate the following amounts:

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