Loss and Dilution Reserve definition

Loss and Dilution Reserve means, with respect to each Class, at any time, an amount equal to the product of (i) the Loss and Dilution Reserve Percentage and (ii) the Net Receivables Balance and (iii) the Class Percentage with respect to such Class at such time.

Loss and Dilution Reserve means, with respect to any Series, the amount set forth in the related Supplement as the loss and dilution reserve for such Series.

Loss and Dilution Reserve means, on any date, an amount equal to: LDRR x NRB where: LDRR = the Loss and Dilution Reserve Ratio on such date. NRB = the Net Receivables Balance at the close of business of the Collection Agent on such date.

Examples of Loss and Dilution Reserve in a sentence

• NI = the Net Investment for such Class at the time of such computation; LDR = the Loss and Dilution Reserve for such Class at the time of such computation; YSFR = the Yield and Servicing Fee Reserve for such Class at the time of such computation; and NRB = the Net Receivables Balance at the time of such computation.

• Loss and Dilution Reserve: The greater of (a) the sum of 12% and the average Dilution Ratio (as defined below) over the immediately preceding 12 month period (the "Minimum Loss Reserve") and (b) the Loss Reserve Ratio plus the Dilution Reserve Ratio.

• To the extent that such recalculation indicates a period of time which materially differs from 1.5 months, the Servicer will adjust its calculation of the Class A Dynamic Loss and Dilution Reserve Percentage and the Class B Dynamic Loss and Dilution Reserve Percentage under each Supplement, subject to satisfaction of the Rating Agency Condition.

• Total Reserves: The "Total Reserves" equal the sum of -------------- amounts corresponding to (a) the Net Receivables Balance times the sum of (i) the Loss and Dilution Reserve percentage and (ii) the Carrying Cost Reserve percentage and (b) the amount of outstanding Receivables times the Servicing Fee Reserve Ratio (as defined below).

• 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 Loss and Dilution Reserve

Loss and Dilution Reserve means, as of any date of determination, an amount equal to the product of (i) the Net Receivables Balance as of such date and (ii) the Loss and Dilution Reserve Ratio as of such date.

Loss and Dilution Reserve. Carrying Cost Reserve", "Servicing Fee Reserve", "Default Ratio", "Approved Currency", "Eligible Counterparty", "Defaulted Receivable", "Delinquent Receivable" or "Net Receivables Balance" or increase the Maximum Percentage Factor or any Concentration Limit; or

Loss and Dilution Reserve means, with respect to each Class, at any time, an amount equal to the product of (i) the Loss and Dilution Reserve Percentage and (ii) the Net Investment for such Class at such time. Notwithstanding the foregoing, (i) with respect to the Class of which RCC is a member, the portion of the Loss and Dilution Reserve attributable to losses shall at all times be at least equal to $8,880,000, (ii) with respect to the Class of which Atlantic is a member, the portion of the Loss and Dilution Reserve attributable to losses shall at all times be at least equal to $5,520,000, (iii) with respect to the Class of which Liberty is a member, the portion of the Loss and Dilution Reserve attributable to losses shall at all times be at least equal to $6,560,000, (iv) with respect to the Class of which AFC is a member, the portion of the Loss and Dilution Reserve attributable to losses shall at all times be at least equal to $5,520,000, (v) with respect to the Class of which Falcon is a member, the portion of the Loss and Dilution Reserve attributable to losses shall at all times be at least equal to $5,520,000, and (vi) with respect to any other Class, the portion of the Loss and Dilution Reserve shall at all times be at least equal to an amount agreed upon by the Transferor, the Administrative Agent and the Class Agent for such additional class at the time it becomes a party hereto."

Loss and Dilution Reserve means, at any time, the product of (i) the Loss and Dilution Reserve Percentage at such time and (ii) the Net Receivables Pool Balance at such time.

Loss and Dilution Reserve. “Loss Percentage,” “Dilution Ratio,” “Default Ratio” or “Loss Ratio” or (H) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (G) above in a manner that would circumvent the intention of the restrictions set forth in such clauses;

Loss and Dilution Reserve means, for any Receivable Interest on any date, an amount equal to the Capital of such Receivable Interest at the close of business of the Collection Agent on such date multiplied by the Loss and Dilution Percentage on such date.

Loss and Dilution Reserve as of any Settlement Date will equal: [C + YR] x [max(DYN,FLOOR)/1 -(max(DYN,FLOOR))] where: DYN = [(SF2 x ED) + DVF] x DHR + (SF1 x LR x LHR) FLOOR = CF + (ED x DHR), with a minimum amount of $12,000,000 where: C = Programme Capital YR = the Sellers' Proportionate Share of Yield Reserve SF1 = Stress Factor One = 2.25 SF2 = Stress Factor Two = 2.25 ED = Average Programme Dilution Ratio during the preceding 12 months DVF = Dilution Volatility Factor DHR = Dilution Horizon Ratio LHR = Loss Horizon Ratio CF = Concentration Floor = 17% LR = Loss Ratio