Aggregate Reserves definition

Aggregate Reserves means, on any date of determination, the sum of the Loss Reserve, the Dilution Reserve and the Servicing and Yield Reserve.

Aggregate Reserves means, on any date of determination, an amount equal to the sum of (i) the greater of (x) the Reserve Floor and (y) the Dynamic Reserve plus (ii) the Carrying Cost Reserve.

Aggregate Reserves means the Aggregate Reserve Percentage multiplied by the Adjusted Net Receivables Balance.

Examples of Aggregate Reserves in a sentence

• Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.

• At no time prior to the Amortization Date shall Seller permit the Net Receivables Balance to be less than an amount equal to the sum of (i) the Aggregate Capital plus (ii) the Aggregate Reserves.

• At no time prior to the Amortization Date shall Seller permit the Net Receivables Balance to be less than an amount equal to the sum of (i) the Aggregate Capital plus (ii) the Aggregate Reserves for any period of time greater than one (1) Business Day.

• At no time prior to the Amortization Date shall any Seller permit the Net Receivables Balance to be less than an amount equal to the sum of (i) the Aggregate Capital plus (ii) the Aggregate Reserves plus (iii) the Adjusted LC Participation Amount.

• Each Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves, plus (iii) the Adjusted LC Participation Amount.

More Definitions of Aggregate Reserves

Aggregate Reserves means, on any date of determination, the sum of (a) the greater of (i) the sum of the Loss Reserve and the Dilution Reserve and (ii) the Floor Reserve and (b) the Yield and Servicer Reserve.

Aggregate Reserves means, on any date of determination, the sum of the Commingling Reserve, the Loss Reserve, the Yield and Servicing Reserve, the Dilution Reserve and the Lien Reserve.

Aggregate Reserves means, on any date of determination, an amount equal to thirty-one percent (31%) of the Net Receivables Balance on such date.

Aggregate Reserves shall equal, as of any Report Date, the product of (a) the Aggregate Reserve Percentage times (b) the Available Receivables.

Aggregate Reserves set forth in Exhibit I of the Existing Agreement in its entirety with the following:

Aggregate Reserves means, on any date of determination, the sum of the Loss Reserve, the Yield Reserve and the Dilution Reserve.

Aggregate Reserves means, on any date of determination, an amount equal to eighteen percent (18%) of the Net Receivables Balance on such date.