Floor Reserve Percentage means, at any time, a percentage equal to the sum of (a) the Loss Reserve Floor and (b)(i) the Expected Dilution multiplied by (ii) the Dilution Horizon Ratio.
Floor Reserve Percentage means the sum of the Concentration Percentage, the Base Dilution Reserve Percentage and the Commingling Risk Reserve Percentage.
Floor Reserve Percentage means, for any calendar month, a percentage calculated as of the last day of such calendar month, an amount equal to: LOSS FLOOR + (ED x DHR) where: LOSS FLOOR = 10.5%. ED = the average of the Dilution Ratios during the preceding 12 calendar months ending on the last day of the calendar month for which such Floor Reserve Percentage is established. DHR = the ratio, expressed as a percentage, computed as of such day by dividing (A) the aggregate amount of all sales by all Originators during the one and a half calendar months ending on the last day of the calendar month for which such Floor Reserve Percentage is established, by (B) the Net Receivables Balance as of the last day of the calendar month for which such Floor Reserve Percentage is established.
More Definitions of Floor Reserve Percentage
Floor Reserve Percentage means, for any Monthly Period, a percentage equal to the sum of Loss Reserve Floor Percentage + Dilution Reserve Floor Percentage where: Loss Reserve Floor Percentage = 12.0%; Dilution Reserve Floor Percentage = the average of the Dilution Ratios during the preceding 12 Monthly Periods ending on the last day of the Monthly Period for which such Floor Reserve Percentage is being determined multiplied by DHR; and DHR = the Dilution Horizon Ratio, equal to a fraction, (i) the numerator of which is equal to the aggregate amount of all Eligible Receivables originated by all the Sellers during the Monthly Period for which such Floor Reserve Percentage is being determined, and (ii) the denominator of which is the Outstanding Balances of the Eligible Receivables as of the last day of the Monthly Period for which such Floor Reserve Percentage is being determined.
Floor Reserve Percentage means the sum of (a) Loss Reserve Floor; and (b) the product (expressed as a percentage) of: (i) Expected Dilution multiplied by (ii) the Dilution Horizon Ratio;
Floor Reserve Percentage. “Eligible Receivable”, “Funding Base” (or any defined term directly or indirectly used therein to determine the Funding Base), “Loss Reserve Floor”, “Loss Reserve Ratio”, “Net Eligible Receivables Balance”, “Reserve Percentage”, “Stress Factor”, “Yield Reserve Ratio”, or increases any Concentration Amount or any Obligor Concentration Limit;
Floor Reserve Percentage means, for any calendar month, a percentage calculated as of the last day of such calendar month, an amount equal to: LOSS FLOOR + (ED x DHR) where: LOSS FLOOR = 10.5 %. ED = the average of the Dilution Ratios during the preceding 12 calendar months ending on the last day of the calendar month for which such Floor Reserve Percentage is established. Exh. I-14 DHR = the ratio, expressed as a percentage, computed as of such day by dividing (A) the aggregate amount of all sales by all Originators during the one and a half calendar months ending on the last day of the calendar month for which such Floor Reserve Percentage is established, by (B) the Net Receivables Pool Balance as of the last day of the calendar month for which such Floor Reserve Percentage is established.
Floor Reserve Percentage means, for any Fiscal Period, as of any date of determination, a percentage equal to the sum of: Loss Reserve Floor Percentage + Dilution Reserve Floor Percentage where: Loss Reserve Floor Percentage = 15%; Dilution Reserve Floor Percentage = the average of the Adjusted Dilution Ratios during the preceding 13 Fiscal Periods ending on the last day of the Fiscal Period for which such Floor Reserve Percentage is being determined multiplied by the Dilution Horizon Ratio (as such term is used herein in the definition of Dilution Reserve Percentage).
Floor Reserve Percentage means, for any calendar month, a percentage calculated as of the last day of such calendar month, an amount equal to: