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, 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.

Examples of Carrying Cost Reserve Ratio 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.

• 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.

• On each Settlement Report Date (commencing with the Settlement Report Date occurring in December 1997), 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 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.

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 Monthly Report Date and continuing until (but not including) the next Monthly Report Date, a rate equal to (a) the product of (i) 2 multiplied by the DSO as of such day and (ii) the Base Rate in effect as of such day, divided by (b) 365 or 366, as applicable.

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, as of any Settlement Date and continuing until the next Settlement Date, an amount (expressed as a percentage) equal to (a) the product of (i) the greater of (A) 2.00 times Days Sales Outstanding as of such day and (B) 60 and (ii) the Discount Rate as of such day divided by (b) 360. "C/D Assessment Rate" for any day pertaining to a Floating Tranche, the annual assessment rate in effect on such day which is payable by a member of the Bank Insurance Fund maintained by the Federal Deposit Insurance Corporation (the "FDIC") classified as well-capitalized and within supervisory subgroup "B" (or a comparable successor assessment risk classification) within the meaning of 12 C.F.R. 327.3(d) (or any successor provision) to the FDIC (or any successor) for the FDIC's (or such successor's) insuring time deposits at offices of such institution in the United States. "C/D Reserve Percentage" for any day pertaining to a Floating Tranche, that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board, for determining the maximum reserve requirement for a Depositary Institution (as defined in Regulation D of the Board) in respect of new non-personal time deposits in Dollars having a maturity of 30 days or more.

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) the greatest of (1) 2.00 times Days Sales Outstanding as of such day, (2) 60 ----- and (3) the weighted average length of all then outstanding Funding Periods and (B) the greater of (1) the Discount Rate or (2) the Base Rate as of such day plus 2.0%, as either (1) or (2) of clause (B) shall be divided by ---- ------- -- 360. "Certificate Purchase Agreement" shall mean the Certificate Purchase ------------------------------ Agreement, dated as of December 31, 1998, among each of the Company, U.S. Foodservice, the "Conduit Purchasers" parties thereto from time to time, the "Alternate Purchasers" parties thereto from time to time, and NationsBank, as "Agent" for the "Conduit Purchasers" and "Alternate Purchasers" thereunder, as the same may be amended, restated, supplemented or otherwise modified from time to time.

Carrying Cost Reserve Ratio means, on any Monthly Reporting Date, an amount expressed as a percentage equal to: