Commingling Reserve definition

Commingling Reserve means the monies standing to the credit of the Commingling Reserve Account at any given time.Upon the occurrence of:
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Commingling Reserve means, on any date, an amount equal to Where: RB = the Net Eligible Receivables Balance as of the close of business of the Servicer on such date minus the Loss and Dilution Reserve minus the Yield and Servicing Fee Reserve on such date; and CRR = the Commingling Reserve Ratio on such date.
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Commingling Reserve means, on any date, an amount ------------------- computed as of the last day of each Monthly Period equal to the sum of (a) the average of the Negative Monthly Amounts over the preceding twelve Monthly Periods (or if such date occurs less than twelve Monthly Periods following the date hereof, such fewer number of Monthly Periods occurring prior to such date), plus (b) if a Trigger Event has occurred and is continuing, 10%. For the purposes hereof:
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Examples of Commingling Reserve in a sentence

  • Mortgage Promissory Notes Commingling Reserve under the Cash Advance Agreement Payments by debtors relating to the receivables mobilised by way of mortgage promissory notes (billets à ordre hypothécaires) governed by Article L.313-42 et seq.

  • In order to mitigate this risk, the Servicer has agreed to fund a cash deposit (the “Commingling Reserve Deposit”) in favour of the Compartment with the Commingling Reserve Account opened with the Account Bank in the name of the Compartment.Pursuant to the Commingling Reserve Deposit Agreement, the Servicer has agreed to make such deposit with the Compartment by way of full transfer of title in accordance with Article L.

  • For the avoidance of doubt, any interest accrued on the Commingling Reserve Required Amount shall not constitute part of the Available Distribution Amount.

  • The Issuer Accounts will comprise the Operating Account, the General Reserve Account, the Commingling Reserve Account and the Accumulation Account.

  • Following the occurrence of a Commingling Reserve Trigger Event, the risk of any shortfall due to late forwarding of Collections (including, without limitation, Deemed Collections other than Deemed Collections within the meaning of item (B)(i) of the definition of Deemed Collections for which the provisions governing the Set-off Reserve Account apply, see "CREDIT STRUCTURE — Set-Off Reserve") received or payable by the Servicer is mitigated by the balance credited to the Commingling Reserve Account.

  • The Required (Commingling and Offset) Reserve Amount should be equal to: (a) zero, if Genius AFC obtains all of the Required Ratings; and (b) the sum of the Commingling Reserve Amount and the Offset Reserve Amount, if Genius AFC does not have any one of the Required Ratings.

  • The commingling and late payment risk deriving from the afore-mentioned arrangement in the Servicing Agreement is mitigated by way of the Commingling Reserve Required Amount.

  • Under the Servicing Agreement, the Servicer undertakes to remit to the Issuer, within 14 calendar days following the occurrence and thereafter on any Payment Date during the continuance of a Commingling Reserve Trigger Event, the Commingling Reserve Required Amount, by way of deposit (Kaution) as collateral for its actual or contingent obligations under the Servicing Agreement to transfer Collections to the Issuer on the following Payment Date.

  • On the Note Issuance Date and on any Payment Date during the Replenishment Period, the Commingling Reserve Amount shall be zero.

  • See "OUTLINE OF THE OTHER PRINCIPAL TRANSACTION DOCUMENTS - Servicing Agreement - Termination of the Servicer" and "CREDIT STRUCTURE — Commingling Reserve".


More Definitions of Commingling Reserve

Commingling Reserve means a cash reserve created on the Issue Date with a portion of the proceeds of the issue of the Notes, deposited on the Cash Reserve Account and that will, at all relevant times, be at least equal to the Target Commingling Reserve Amount.
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Commingling Reserve means, on any date, the sum of:
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Commingling Reserve means the monies standing to the credit of the Commingling Reserve Account at any given time.On the Issue Date, the proceeds of the Commingling Reserve Subordinated Loan (these being a portion of the Subordinated Loan granted by FCAB) in an amount equal to € 28,000,000 will be credited into the Commingling Reserve Account.Upon the occurrence of:
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Commingling Reserve means as of any date of determination, an ------------------- amount equal to the average of the Negative Monthly Amounts over the preceding twelve Monthly Periods. For the purposes hereof:
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Commingling Reserve means, at any time, an amount equal to (A) the U.S. Dollar Equivalent of the aggregate amount of Collections on Receivables during the immediately prior Calculation Period that are received in any German Account that is not maintained in the name of the Cayman Seller, times (B) 1/20.
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Commingling Reserve means, on any date, an amount equal to the product of (a) 5% for the month ended April 30, 2009, and 11% for each month thereafter, times (b) the Net Receivables Balance as of the close of business of the Servicer on such date.
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Related to Commingling Reserve

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Spinning Reserve means the ability to immediately and automatically increase generation or reduce demand in response to a fall in frequency;

  • Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.

  • Servicing Reserve means, the product (expressed as a percentage) of (a) 1.0%, times (b) a fraction, the numerator of which is the highest Days Sales Outstanding for the most recent 12 months and the denominator of which is 360.

  • road reserve ’ means the area contained within the statutory width of a road, and includes roadways, shoulders and sidewalks and the airspace above such roadways, shoulders and sidewalks and all other areas within the road reserve boundary;

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Reserve Account Requirement means, with respect to the Closing Date and any Distribution Date, an amount equal to the lesser of: (A) 2.0% of the sum of (x) the initial Class A Note Balance, (y) the initial Class B Note Balance and (z) the initial Class C Note Balance; and (B) the sum of (x) the Class A Note Balance on such Distribution Date, (y) the Class B Note Balance on such Distribution Date and (z) the Class C Note Balance on such Distribution Date, after giving effect to the payment of principal on such Distribution Date.

  • Required Reserve means, on any day during a Calculation Period, the product of (a) the greater of (i) the Required Reserve Factor Floor and (ii) the sum of the Loss Reserve, the Interest Reserve, the Dilution Reserve and the Servicing Reserve, times (b) the Net Pool Balance as of the Cut-Off Date immediately preceding such Calculation Period.

  • Replacement Reserve As defined in Section 9.5.1.

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class C( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • PDP Reserves means the Proven Reserves which are categorized as both “developed” and “producing” under the definitions for oil and gas reserves promulgated by the Society of Petroleum Evaluation Engineers (or any generally recognized successor) as in effect at the time in question and reasonably acceptable to the Administrative Agent.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Primary Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Primary Reserve, absent any increase to account for additional reserves scheduled to address operational uncertainty. The Primary Reserve Requirement is calculated in accordance with the PJM Manuals.

  • Required Reserves at any time means the product of (x) the Net Pool Balance and (y) the greater of (I) 13.00% and (II) the sum of (a) the Yield Reserve Ratio, plus (b) the Servicing Fee Reserve Ratio, plus (c) the greater of (i) the sum of the Loss Reserve Ratio and the Dilution Reserve Ratio and (ii) the Minimum Reserve Ratio, each as in effect at such time.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Debt Service Reserve Fund Requirement means, with respect to the 2013 Series C Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2013 Series C Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • Day-ahead Scheduling Reserves Requirement means the sum of Base Day-ahead Scheduling Reserves Requirement and Additional Day-ahead Scheduling Reserves Requirement.

  • Reserve Account Required Amount means, with respect to any Payment Date, the lesser of (i) the excess of (A) the Specified Reserve Balance, over (B) the amount on deposit in the Reserve Account on such Payment Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Payment Date, and (ii) the amount remaining in the Indenture Collections Account after taking into account the distributions therefrom described in clauses (i) through (xiv) of Section 8.3(a) of the Indenture.

  • Loss Reserve means, on any date, an amount equal to the Loss Percentage multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.

  • Day-ahead Scheduling Reserves means thirty-minute reserves as defined by the ReliabilityFirst Corporation and SERC.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE3, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE3." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • LC Reserve the aggregate of all LC Obligations, other than (a) those that have been Cash Collateralized; and (b) if no Default or Event of Default exists, those constituting charges owing to the Issuing Bank.

  • Debt Service Reserve Account as defined in the Depositary Agreement.