Carrying Cost Reserve Ratio definition

Carrying Cost Reserve Ratio means, as of any Settlement Report Date and continuing until (but not including) the next Settlement Report Date, an amount (expressed as a percentage) equal to (a) the product of (i) 2.0 times Days Sales Outstanding as of such day and (ii) 1.50 times the Discount Rate as of such day, divided by (b) 360.

Carrying Cost Reserve Ratio means, on any date of determination, an amount, expressed as a percentage, equal to (a) the product of (i) 2 times DSO as of such day and (ii) the Base Rate in effect as of such day plus 2%, divided by (b) 365 (or 366, as applicable).

Carrying Cost Reserve Ratio means, on any Monthly Reporting Date and continuing until (but not including) the next Monthly Reporting Date, an amount, expressed as a percentage, equal to (a) the product of (i) 2 times Days Sales Outstanding for such earlier Monthly Reporting Date and (ii) the Base Rate in effect for Dollars as of such day, divided by (b) 365 (or 366, as applicable).

Examples of Carrying Cost Reserve Ratio in a sentence

• 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.

• 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 Settlement Series 1997-2 Supplement Report Date (commencing with the Settlement Report Date occurring in March 1997), the Master 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 Loss Reserve Ratio, 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.

• The President shall issue a show-cause order directing the official or employee concerned to submit his/her comment or counter-affidavit; and it the evidence so warrants, proceed with the conduct of the administrative proceedings.

• OL = the Outstanding Loans on the date of such computation; LDRR = the Loss and Dilution Reserve Ratio on the date of such computation; CCRR = the Carrying Cost Reserve Ratio on the date of such computation; SFRR = the Servicing Fee Reserve Ratio on the date of such computation; OBR = the Outstanding Balance of all Receivables on the date of such computation; and NRB = the Net Receivables Balance on the date of such computation.

More Definitions of Carrying Cost Reserve Ratio

Carrying Cost Reserve Ratio means, as of any Settlement Report Date and continuing until (but not including) the next Settlement Report Date, an amount (expressed as a percentage) equal to (a) the product of (i) 2.0 times Days Sales Outstanding as of such day and (ii) 1.30 times the Alternate Base Rate in effect as of such day divided by (b) 365.

Carrying Cost Reserve Ratio means, 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.

Carrying Cost Reserve Ratio means, as of any Settlement Report Date and continuing until (but not including) the next Settlement Report Date, an amount (expressed as a percentage) equal to the product of (a) (i) the 12 month high of (A) the Day Sales Outstanding plus (B) 30 days divided by (ii) 360 times (b) the product of (i) 1.50 times (ii) the sum of (A) the Alternate Base Rate plus (B) the Applicable Margin, each as in effect as of such day.

Carrying Cost Reserve Ratio means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

Carrying Cost Reserve Ratio means, as of any Settlement Report Date and continuing until (but not including) the next Settlement Report Date, an amount (expressed as a percentage) equal to the product of (a) 2.00 TIMES Days Sales Outstanding as of such day and (b) (i) 1.50 TIMES a rate per annum equal to the weighted average Class A Certificate Rate and Class B Certificate Rate in effect with respect to the outstanding Class A Certificates and Class B Certificates, respectively, as of the end of the Settlement Period immediately preceding such earlier Settlement Report Date, DIVIDED BY (ii)

Carrying Cost Reserve Ratio means, an amount reflected in the most recent Settlement Statement (expressed as a percentage) equal to (a) the product of (i) 1.50, (ii) the Discount Rate, (iii) 2.00, and (iv) the Days Sales Outstanding divided by (b) 360.

Carrying Cost Reserve Ratio means, 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)