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.