Aggregate Reserve Percentage definition

Aggregate Reserve Percentage means, on any date of determination the sum of (a) the Yield Reserve, (b) the Servicing Reserve and (c) the greater of (i) the Dynamic Reserve Percentage and (ii) the Floor Reserve Percentage.
Aggregate Reserve Percentage means, on any date of determination, the greater of (i) the Required Reserve Factor Floor and (ii) the sum of the Loss Reserve, the Yield Reserve, the Dilution Reserve and the Servicing Reserve.

Examples of Aggregate Reserve Percentage in a sentence

  • Both before and after giving effect to each Incremental Purchase and Reinvestment, the Net Receivables Balance equals or exceeds the product of (i) 100% + the Aggregate Reserve Percentage, multiplied by (ii) the aggregate Capital outstanding.


More Definitions of Aggregate Reserve Percentage

Aggregate Reserve Percentage means on any date of determination, the greater of (i) the sum of (a) the Loss Reserve Percentage, plus (b) the Discount Reserve Percentage, plus (c) the Dilution Reserve Percentage, plus (d) the Servicer Fee Reserve Percentage, and (ii) forty percent (40%).
Aggregate Reserve Percentage means, as of any Report Date, the sum of (a) the Loss Reserve Percentage, (b) the Floating Dilution Reserve Percentage, and (c) the Fee Reserve Percentage.
Aggregate Reserve Percentage shall have the meaning specified in the Purchase Agreement.
Aggregate Reserve Percentage means, on any date of determination, the sum of the Loss Reserve, the Yield Reserve and the Dilution Reserve.
Aggregate Reserve Percentage means on any date of determination, the sum of (a) the Loss Reserve Percentage, plus (b) the Discount Reserve Percentage, plus (c) the Dilution Reserve Percentage, plus (d) the Servicer Fee Percentage, plus (e) from and after March 31, 2009, if the Administrative Agent has not notified the other Agents and the Seller that (i) it has received a report regarding the audit of the Receivables in progress by FTI Consulting, Inc. as of February 11, 2009, under Section 5.1(d) of this Agreement and (ii) all material issues of noncompliance of Receivables with this Agreement or the Credit and Collection Policy identified in such report have been resolved to the Administrative Agent’s reasonable satisfaction, the Audit Reserve Percentage.
Aggregate Reserve Percentage means, (i) on any date of determination on which the senior unsecured debt of Yellow Corporation is rated at least BBB- by Standard & Poor's Ratings Group and Baa3 by Moody's Investors Service, Inc., the greater of (a) the sum of the Loss Reserve Percentage, the Discount Reserve Percentage and the Servicer Fee Percentage, each as then in effect, and (b) 10%; and (ii) on any date of determination which the senior unsecured debt of Yellow Corporation has ceased to be rated at least BBB- by Standard & Poor's Ratings Group and Baa3 by Moody's Investors Service, Inc., the greater of (a) the sum of the
Aggregate Reserve Percentage means, on any date of determination the sum of (a) the Yield Reserve, (b) the Servicing Reserve and