Minimum Reserve Ratio definition

Minimum Reserve Ratio means, for any Calculation Period, the sum, expressed as a percentage, of (a) the Minimum Dilution Reserve and (b) the Concentration Reserve.

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Minimum Reserve Ratio for any Calculation Period means the sum of (a) 12.5%, plus (b) the product of (i) the Dilution Ratio multiplied by (ii) the Dilution Horizon Ratio.

Minimum Reserve Ratio means, as of any Settlement Date, the sum of (a) 8.0 and (b) the product of (i) the Adjusted Dilution Ratio and (ii) the Dilution Horizon Ratio, each calculated as of the Settlement Date immediately following such Settlement Period.

Examples of Minimum Reserve Ratio 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”).
Both before and after giving effect to each Incremental Purchase and Reinvestment, the product of (i) Net Eligible Receivables times (ii) one minus the Minimum Reserve Ratio is greater than or equal to the sum of (x) the aggregate Capital then outstanding, plus (y) the Carrying Cost Reserve.
In the event that the total amount borrowed by all Users on the ABCC Exchange (“TOC”) exceeds TAC after the daily reconciliation, NextBank shall remove the difference between TOC and TAC from the Reserve until the Minimum Reserve Ratio is maintained.
The Lead Manager shall be responsible for the centralised management of all the treasury services necessary for the proper functioning of the Grupo and, in particular, the management of the Minimum Reserve Ratio.

More Definitions of Minimum Reserve Ratio

Minimum Reserve Ratio means the sum calculated as of the last day of each calendar month as the sum of the Concentration Reserve Floor, as at such time, and the greater of (i) Dilution Reserve Floor, as at such time or (ii) the Dilution Reserve Percentage, as at such time.

Minimum Reserve Ratio means, as of any date of determination, the ratio (expressed as a percentage) calculated in accordance with the following formula: MRR = [the greater of 4.0% and (ADR x DHF)] + CF MRR = the Minimum Reserve Ratio; ADR = the aggregate Dilution Factors for all Transferred Receivables for the twelve most recent calendar Settlement Periods divided by the aggregate Billed Amount of Transferred Receivables (other than Specified Excluded Receivables) for such twelve most recent calendar Settlement Periods; DHF = the Dilution Horizon Factor; and CF = a concentration factor equal to the Loss Reserve Floor Percentage.

Minimum Reserve Ratio. For any Monthly Period, the sum of (a) the Concentration Factor for such Monthly Period and (b) the product of the (i) the Expected Dilution Ratio for such Monthly Period and (ii) the Dilution Horizon Ratio for such Monthly Period. Month End Date: The last day of each calendar month.

Minimum Reserve Ratio for any Calculation Period means the sum of (a) 4.00, multiplied by the percentage set forth in clause (b) of the definition of “Concentration Percentage”, plus (b) the product of (i) the Dilution Ratio multiplied by (ii) the Dilution Horizon Ratio; provided, however, that in the event that Arrow’s senior unsecured debt is rated equal to or below BB+ or Ba1 by S&P and Moody’s, respectively, or is not rated by each of S&P and Moody’s, in any Calculation Period, the Minimum Reserve Ratio for such Calculation Period means the sum of (a) 5.00, multiplied by the percentage set forth in clause (b) of the definition of “Concentration Percentage”, plus (b) the product of (i) the Dilution Ratio multiplied by (ii) the Dilution Horizon Ratio; provided, further, that in the event the ratings of Moody's and S&P do not correspond, the “Minimum Reserve Ratio” shall be determined using the lower rating.

Minimum Reserve Ratio means, as of any date of determination, the ratio (expressed as a percentage) calculated in accordance with the following formula: MRR = the Minimum Reserve Ratio; ADR = the average of the Dilution Ratios occurring during the twelve most recent calendar Settlement Periods preceding such date; DHF = the Dilution Horizon Factor; and CF = a concentration factor equal to 22.5%.

Minimum Reserve Ratio means, as of any date of determination, the ratio (expressed as a percentage) calculated in accordance with the following formula: MRR = ADR * DHF + CF MRR = the Minimum Reserve Ratio; ADR = the average of the Dilution Ratios occurring during the twelve most recent calendar Settlement Periods preceding such date; DHF = the Dilution Horizon Factor. CF = a Concentration Factor equal to the greatest of (a) the single largest Concentration Percentage applicable to any Class B Obligor, (b) the sum of the two largest Concentration Percentages applicable to any Class C Obligor and (c) the sum of the four largest Concentration Percentages applicable to any Class D Obligor (e.g. (x) if there is an Obligor that is a Class B Obligor that has a Special Concentration Percentage and all other Class B Obligors have a General Concentration Percentage, then clause (a) would be the applicable Special Concentration Percentage for such Class B Obligor and (y) if there is one Obligor that is a Class C Obligor with a Special Concentration Percentage and the General Concentration Percentage is applicable to all other Class C Obligors, clause (b) would be the sum of (i) the applicable Special Concentration Percentage for such Class C Obligor and (ii) the otherwise applicable General Concentration Percentage for a Class C Obligor).

Minimum Reserve Ratio for any Calculation Period means the sum of (a) the Concentration Reserve Percentage, plus (b) the product of (i) the Dilution Ratio multiplied by (ii) the Dilution Horizon Ratio.