Carrying Cost Reserve definition

Carrying Cost Reserve means, on any date of determination, an amount equal to the sum of (a) all accrued and unpaid CP Costs, Yield and fees and any other amounts payable by the Seller under the Fee Letters plus (b) the product of (i) the Carrying Cost Reserve Percentage multiplied by (ii) the Net Receivables Balance as of the close of business of the Servicer on such date.

Carrying Cost Reserve means, on any date, an amount equal to (NRB x CCRR) where: NRB = the Net Receivables Balance at the close of business of the Collection Agent on such date. CCRR = the Carrying Cost Reserve Ratio on such date.

Carrying Cost Reserve means, as of any date of determination, the percentage equivalent of the product of:

Examples of Carrying Cost Reserve in a sentence

• On each Determination Date, the Master Servicer shall deliver to the Enhancement Provider, the Trustee and each Rating Agency a Monthly Settlement Statement substantially in the form attached hereto as Exhibit E-1 setting forth, among other things, the Loss Reserve Ratio, the Dilution Reserve Ratio, the Carrying Cost Reserve Ratio and the Servicing Reserve Ratio, each as recalculated for the next succeeding Settlement Period.

• On each Determination Date, the Master Servicer shall deliver to the Agent, the VFC Certificateholders, the Trustee and the Rating Agency a Monthly Settlement Statement substantially in the form attached hereto as Exhibit E-1 setting forth, among other things, the Loss Reserve Ratio, the Dilution Reserve Ratio, the Carrying Cost Reserve Ratio and the Servicing Reserve Ratio, each as recalculated for the next succeeding Settlement Period.

• Total Reserves: The "Total Reserves" equal the sum of amounts corresponding to (a) the Net Receivables Balance times the sum of (i) the Loss and Dilution Reserve percentage and (ii) the Carrying Cost Reserve percentage and (b) the amount of outstanding Receivables times the Servicing Fee Reserve Ratio (as defined below).

• On each Settlement Report Date (commencing with the Settlement Report Date occurring in April 1999), the Servicer shall deliver to the Trustee and the Agent a Monthly Settlement Statement in the Form of Exhibit E setting forth, among other things,, the Dilution Reserve Ratio, the Minimum Ratio, the Carrying Cost Reserve Ratio and the Servicing Reserve Ratio, each as recalculated for the next succeeding Settlement Period.

• On each Determination Date, the Master Servicer shall deliver to the Enhancement Provider, the Trustee and each Rating Agency a Monthly Settlement Statement setting forth, among other things, the Loss Reserve Ratio, the Dilution Reserve Ratio, the Carrying Cost Reserve Ratio and the Servicing Reserve Ratio, each as recalculated for the next succeeding Settlement Period.

More Definitions of Carrying Cost Reserve

Carrying Cost Reserve is defined in SECTION 4.02(a) of the Indenture.

Carrying Cost Reserve set forth in Exhibit I of the Receivables Purchase Agreement is amended by deleting the phrase “Conduit Costs” where it appears therein and substituting the phrase “CP Costs” therefor.

Carrying Cost Reserve. As defined in Section 6.04(d) of the Pooling and Servicing Agreement.

Carrying Cost Reserve means, on any Business Day, the sum of (a) the Current Carrying Costs; plus (b) the Allowance for Estimated Future Discount; plus (c) the Allowance for Estimated Future Servicing.

Carrying Cost Reserve means, as of any Calculation Date, the quotient (expressed as a percentage) of (a) the product of (i) the Stress Factor multiplied by the Days Sales Outstanding as of such date multiplied by (ii) the sum of the Alternate Base Rate plus the Applicable Rate, in each case as in effect as of such Calculation Date, divided by (b) 360.

Carrying Cost Reserve means, on any date of determination during a Reporting Period, the percentage equivalent of a fraction, the numerator of which is equal to the product of (i) two times DSO as of the last day of the Settlement Period immediately preceding the first day of such Reporting Period and (ii) the Alternate Base Rate in effect as of such date plus 2% and the denominator of which is 365.

Carrying Cost Reserve means an amount equal to the sum of the Accrued Carrying Costs (as defined below). As used herein, "ACCRUED CARRYING COSTS" means, at any time, the sum of (1) the then accrued and unpaid Carrying Costs, and (2) the amount of Carrying Costs that will, or are estimated to, have accrued by the next Payment Date.