Applicable Reserve definition

Applicable Reserve means, at any date, an amount equal to (NRPB x RP) plus such reserves as mutually agreed upon, with adjustments effective upon at least three Business Days’ notice by the Agent, where: NRPB = the Net Receivables Pool Balance at the close of business of the Servicer on such date. RP = the Reserve Percentage at the close of business of the Servicer on such date.
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Applicable Reserve means, at any date, an amount equal to (NRPB x RP) plus such reserves as mutually agreed upon, with adjustments effective upon at least three Business Days’ notice by the Agent, where:
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Applicable Reserve as defined in Section 4.1.31.
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Examples of Applicable Reserve in a sentence

  • The rate of interest on Adjusted LIBO Rate Loans and Base Rate Loans determined by reference to the LIBO Index Rate shall be adjusted automatically on, and as of, the effective date of any change in the Applicable Reserve Requirement.


More Definitions of Applicable Reserve

Applicable Reserve means the sum of (i) any Operating Reserve and (ii) any Dilution Reserve.
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Applicable Reserve shall be an amount equal to (i) the product of the Net Receivables Pool Balance multiplied by a reserve percentage determined in accordance with the Program Documentation (as defined below) plus (ii) any reserves as may be established in accordance with the Program Documentation. The initial reserve percentage shall be 15%.
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Applicable Reserve means, at any date, an amount equal to: (NRPB (US/Canadian) x (X + SFR + YR)) where: NRPB (US/Canadian) = the portion of the Net Receivables Pool Balance attributable to Canadian Dollar Receivables and US Dollar Receivables at the close of business of the Servicer on such date. X = the greater of (x) the sum of (i) the Dilution Reserve Percentage plus (ii) the Loss Reserve Percentage, at the time of such determination, and (y) the Floor Reserve Percentage at the time of such determination. SFR = the Servicing Fee Reserve Percentage at the time of such determination. YR = the Yield Reserve Percentage at the time of such determination.
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Applicable Reserve means, for any Receivable Interest at any date, an amount equal to the sum of (NRPB (US/Canadian) x RP) + (NRPB (UK) x RP) where: NRPB (US/Canadian) = the portion of the Net Receivables Pool Balance attributable to Canadian Dollar Receivables and US Dollar Receivables at the close of business of the Servicer on such date. NRPB (UK) = the portion of the Net Receivables Pool Balance attributable to UK Receivables at the close of business of the Servicer on such date. RP = the applicable Reserve Percentage at the close of business of the Servicer on such date.
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Related to Applicable Reserve

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Applicable Collateral Percentage with respect to any Firm Collateral or Special Firm Collateral, has the meaning set forth in the books and records of the Partnership with respect thereto.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Eurodollar Rate Reserve Percentage for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.