Fee Reserve definition

Fee Reserve. As defined in Exhibit A.
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Fee Reserve at any time means the sum of:
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Fee Reserve means, with respect to any Due Period, an amount ----------- equal to the product of (i) a fraction, the numerator of which is two times the average days sales outstanding for the Receivables for the preceding Due Period and the denominator of which is 365, and (ii) the Monthly Servicing Fee for Series 1998-1 times twelve.
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Examples of Fee Reserve in a sentence

  • At any time other than during an Exception Funding Period, the sum of (i) the Net Pool Balance on such date of calculation multiplied by the greater of (a) the sum of the Loss Reserve Ratio on such date of calculation and the Dilution Reserve Ratio on such date of calculation; and (b) the Minimum Reserve Ratio on such date of calculation; (ii) the Yield Reserve on such date of calculation; and (iii) the Servicing Fee Reserve on such date of calculation (such sum, the “Standard Reserves”).

  • The total amount so estimated as of the Effective Date shall comprise the Professional Fee Reserve Amount.

  • Borrower shall establish on the date hereof an Eligible Account with Lender or Servicer (the “Deferred Management Fee Reserve Account”).

  • Any amounts remaining in the Deferred Management Fee Reserve Account after the Debt has been paid in full, shall be returned (x) in the event the Mezzanine Loan is outstanding, to Mezzanine Lender to be applied in accordance with the Mezzanine Loan Agreement, or (y) in the event that the Mezzanine Loan is paid in full, to Borrower.

  • Any Deferred Management Fee Reserve Funds remaining in the Deferred Management Fee Reserve Account shall be disbursed to Borrower for payment to Manager of the Deferred Management Leasing Fees, Deferred Construction and Tenant Coordination Fees and Deferred Disposition Fees, as applicable, upon the expiration of such Trigger Period (and provided no other Trigger Period shall then exist) in accordance with the applicable terms and conditions hereof.

  • For the March 20 Monthly Investor Report (IR), recalculate the individual components of the Loss Reserve, Dilution Reserve, Discount Reserve, Servicing Fee Reserve, Dilution Ratio, Loss-to-Liquidation Ratio and the Default Ratio from data obtained from NMC’s internal systems and verify with ratios reported.

  • Excess Interest Distribution Account; and Legal Fee Reserve Account 204 Section 3.05A Whole Loan Custodial Account 209 Section 3.06 Permitted Withdrawals From the Collection Account 212 Section 3.06A.

  • Subject to the terms of the Assignment of Management Agreement, in no event shall Administrative Agent be obligated to disburse funds from the Franchise Fee Reserve Account if an Event of Default exists.

  • It shall be a condition precedent to the substantial consummation of the Plan that the Debtors shall have funded the Professional Fee Escrow in full in cash in an amount equal to the Professional Fee Reserve Amount.

  • Funds on deposit in the Fee Reserve Account shall be invested by the Agent in Eligible Investments that will mature so that such funds will be available prior to each Payment Date.


More Definitions of Fee Reserve

Fee Reserve means, on any date, an amount equal to: (FP x CAFP) + AUF where : FP = the Facility Principal at the close of business of the Collection Agent on such date. CAFP = the Collection Agent Fee Reserve Percentage on such date. AUF = accrued and unpaid Collection Agent Fee on such date.
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Fee Reserve or "Yield Reserve" if any such amendment, supplement, waiver or modification would have the effect set forth in clause (iii) below or (iii) would otherwise reduce the financing available to the Parent or any of its Subsidiaries pursuant to the Existing Receivables Program or have an adverse effect on the interests of the Lenders or the Administrative Agent and (y) the Parent will not, and will not permit any of its Subsidiaries to, enter into any receivables sale agreement relating to the Existing Receivables Program other than a receivables sale agreement intended to provide for the inclusion of certain accounts receivable of the Parent or such Subsidiary in the Existing Receivables Program, which receivables sale agreement shall be in form and substance reasonably satisfactory to the Required Lenders.".
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Fee Reserve means an amount determined by Agent, in its sole discretion, as necessary or appropriate in order to cover Related Expenses.
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Fee Reserve means the reserve of Cash established and maintained by the Debtor or the Reorganized Debtor, as the case may be, to pay Allowed Fee Claims.
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Related to Fee Reserve

  • Professional Fee Reserve Amount means the total amount of Professional Fee Claims estimated in accordance with Article II.A.2(c) of the Plan.

  • FF&E Reserve shall have the meaning given such term in Section 5.1.2(a).

  • Availability Reserve means the sum (without duplication of any other reserves or items that are otherwise addressed or excluded through eligibility criteria (including collection rates or collection percentages)) of (a) the Rent and Charges Reserve; (b) the Bank Product Reserve; provided that reserves of the type described in this clause (b) shall be instituted only after consultation with the Lead Borrower; (c) customs duties, and other costs to release Inventory which is being imported into the United States; (d) outstanding Taxes and other governmental charges, including, ad valorem, real estate, personal property, sales, and other Taxes which have priority over the interests of the Administrative Agent in the Current Asset Collateral; (e) salaries, wages and benefits due to employees of the Borrowers which have priority over the interests of the Administrative Agent in the Current Asset Collateral; (f) Customer Credit Liabilities, (g) the Inventory Reserve, and (h) such additional reserves not otherwise addressed in clauses (a) through (g) above, in such amounts and with respect to such matters, as the Administrative Agent in its Credit Judgment may elect to establish or modify from time to time. Notwithstanding anything to the contrary in this Agreement, (i) such Availability Reserves shall not be established or changed except upon not less than three (3) Business Days’ prior written notice to the Lead Borrower, which notice shall include a reasonably detailed description of such Availability Reserve being established (during which period (a) the Administrative Agent shall, if requested, discuss any such Availability Reserve or change with the Lead Borrower and (b) the Lead Borrower shall have the opportunity to take such action as may be required so that the event, condition or matter that is the basis for such Availability Reserve or change thereto no longer exists or exists in a manner that would result in the establishment of a lower Availability Reserve or result in a lesser change thereto, in a manner and to the extent reasonably satisfactory to the Administrative Agent), (ii) the amount of any Availability Reserve established by the Administrative Agent, and any change in the amount of any Availability Reserve, shall have a reasonable relationship to the event, condition or other matter that is the basis for such Availability Reserve or such change and (iii) no event, condition or matter existing or arising prior to or on the Closing Date shall be the basis for any reserve unless such event, condition or matter shall have changed since such time in a manner that is materially adverse to the Lenders. Notwithstanding clause (i) of the preceding sentence, changes to the Availability Reserves solely for purposes of correcting mathematical or clerical errors shall not be subject to such notice period, it being understood that no Default or Event of Default shall be deemed to result therefrom, if applicable, for a period of three (3) Business Days.

  • free reserves means such reserves which, as per the latest audited balance sheet of a company, are available for distribution as dividend:

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.