Loss Reserve Shortfall definition

Loss Reserve Shortfall means, as of any date of determination, the amount of loss and dealer reserves not made or maintained by Borrower as of such date that should or would have been made or maintained by Borrower based on a strict application of the provisions of Section 9.20 as of such date.
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Examples of Loss Reserve Shortfall in a sentence

  • As of any date of calculation of the Borrowing Base Ratio, Borrower’s Adjusted Tangible Net Worth shall be reduced by the sum of the Charge Off Shortfall and the Loss Reserve Shortfall, as of such date, if any.

  • For purposes of the calculation of the Interest Coverage Ratio, the Borrower’s Adjusted Net Earnings from Operations shall be reduced by the amount of any increase, if any, in the (i) Charge Off Shortfall and (ii) the Loss Reserve Shortfall, from the first day of such four quarter period to the last day of such four quarter period.

  • For purposes of the calculation of the Interest Coverage Ratio, the Borrower’s Adjusted Net Earnings from Operations shall be reduced by the amount of any increase, if any, in the (i) Charge Off Shortfall and (ii) the Loss Reserve Shortfall, from the first day of such four quarter3 month period to the last day of such four quarter3 month period.

  • In this Agreement, the following definitions apply: Loss Reserve Shortfall -- means, with respect to the Company as of any date of determination, the difference, if a negative number, between (i) the allowance for loan losses shown on the Company’s then-most-recent financial statements, and (ii) actual gross charge-offs of Gross Finance Receivable Amounts (net of cash recoveries on any such charge-offs) during the four Fiscal Quarter period then most-recently ended.