Carrying Cost Reserve Amount definition

Carrying Cost Reserve Amount means, at any time, an amount equal to the product of (i) the Carrying Cost Reserve Percentage at such time and (ii) the Net Receivables Balance at such time.
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Carrying Cost Reserve Amount means, on any day, the product of (i) the Carrying Cost Reserve Ratio and (ii) the Net Receivables Balance on such day.
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Carrying Cost Reserve Amount means, with respect to a Business Day that is not a Settlement Date, the sum of (a) the Capital Base Deficiency as of such Business Day (or as of the date of the related Purchase Date/Spread Account Surplus Settlement Report) plus (b) aggregate accrued and unpaid (i) Yield, (ii) Liquidation Fees, (iii) Facility Fee, (iv) Servicer Fee and (v) obligations of the Seller to the Purchaser hereunder other than the amounts described in the foregoing clauses (i)-(iv) (collectively, the fees and amounts described in the foregoing clauses (i)-(v), the "Carrying Costs"), each as of such Business Day (or as of the date of the related Purchase Date/Spread Account surplus Settlement Report) plus (c) the aggregate Carrying Costs that will accrue from such Business Day (or, if used as the basis for the calculations in the preceding clause (b), from the date of the related Purchase Date/Spread Account Surplus Settlement Report) and be payable pursuant to Section 2.05 on the next Settlement Date after such Business Day (after giving effect to any Purchase to be made on such Business Day); provided, that, for purposes of the foregoing, Yield that will accrue from such date shall be calculated assuming that all Capital allocated to a Fixed Period commencing on or after such day will bear interest at the Alternative Rate minus the per annum rate at which the usage fee payable to the Purchaser (either directly or through the Agent) is calculated pursuant to the terms of the fee letter executed by the Seller and the Purchaser.
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Examples of Carrying Cost Reserve Amount in a sentence

  • The Servicer and the Agent shall, on each ------------------------ Borrowing Date that is not a Remittance Date direct the Agent's Bank to transfer monies held by the Agent's Bank in the Agent's Account in excess of the Carrying Cost Reserve Amount as of such Borrowing Date, to the Borrower (which amount shall constitute a Loan hereunder to the same extent as if such amount had been advanced directly by the Lender to the Borrower on such date).

  • The Servicer shall, and the Agent may, on each Purchase Date that is not a Settlement Date direct the Agent's Bank to transfer monies held by the Agent's Bank in the Agent's Account in excess of the Carrying Cost Reserve Amount as of such Purchase Date, to the Seller to pay the purchase price of any Receivables being Purchased hereunder-on such date.

  • The Servicer shall, and the Agent may, on each Borrowing Date that is not a Settlement Date direct the Agent's Bank to transfer monies held by the Agent's Bank in the Agent's Account in excess of the Carrying Cost Reserve Amount as of such Borrowing Date, to the Borrower (which amount shall constitute a Loan hereunder to the same extent as if such amount had been advanced directly by the Lender to the Borrower on such date).


More Definitions of Carrying Cost Reserve Amount

Carrying Cost Reserve Amount means, at any time, an amount equal to the product of (i) the Carrying Cost Reserve Percentage at such time and
Sample 1
Carrying Cost Reserve Amount means, with respect to a Business Day that ---------------------------- is not a Remittance Date, the sum of (a) the Borrowing Base Deficiency as of such Business Day (or as of the Business Day of the related Borrowing Date/Spread Account Surplus Remittance Report) plus (b) aggregate accrued and ---- unpaid (i) Yield, (ii) Liquidation Fees, (iii) Facility Fee, (iv) Servicing Fee and (v) obligations of the Borrower to the Lender hereunder other than the amounts described in the foregoing clauses (i)(iv) (collectively, the fees and amounts described in the foregoing clauses (i)-(v), the "Carrying Costs"), each -------------- as of such Business Day.
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Carrying Cost Reserve Amount means, on any day, the product of (i) the Carrying Cost Reserve Ratio and (ii) the Net Receivables Balance on such day. “Carrying Cost Reserve Ratio” shall mean, on any day, calculated for the preceding Calculation Period, the product of (i) the Stress Factor, (ii) the Default Rate and (iii) a fraction, the numerator of which is the highest Days Sales Outstanding for the prior 12 Calculation Periods and the denominator of which is 360. “Change of Control” shall mean (i) with respect to the Seller, Xxxxxxxx shall cease to own directly or indirectly 100% of the issued and outstanding Equity Interests therein, (ii) with respect to Xxxxxxxx, the Parent shall cease to own directly or indirectly 100% of the issued and outstanding Equity Interests therein, (iii) with respect to any Originator other than Xxxxxxxx, Xxxxxxxx shall cease to own directly or indirectly 100% of the issued and outstanding Equity Interests therein, or (iv) with respect to the Parent, any Person (whether acting alone or in concert)
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Related to Carrying Cost Reserve Amount

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.