Recourse Percentage definition

Recourse Percentage means the greater of (i) 16% and (ii) three times the highest Default Ratio that has occurred during the preceding 12 successive months.
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Recourse Percentage. Defined in the Fee Letter, which definition is incorporated herein by reference.
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Recourse Percentage means, with respect to each Purchased Asset, (a) 33%, provided that, upon the Diversity Threshold first being met, that Recourse Percentage shall be 25%, or (b) such other Recourse Percentage as is set forth in the related Confirmation.
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Examples of Recourse Percentage in a sentence

  • The "Loss Reserve" for each Undivided Interest, at any time (i) prior to the occurrence of a Termination Event, zero, and (ii) after the occurrence and during the continuance of a Termination Event, an amount determined as follows: LR = RP x PI where: LR = the Loss Reserve of such Undivided Interest at the time of computation; PI = the Purchaser's Investments of such Undivided Interest on such day, as determined pursuant to Section 2.03; and RP = the Recourse Percentage on such day.

  • Lender Percentage Recourse Percentage Recourse Bank of America 25% $28,500,000 US Bank 25% $15,000,000 US Bank 25% $23,750,000 Midland N/A $1,150,000 Midland N/A $397,559 CF Branch Trust/Midtown Acquisitions (Repurchase Facility) $39,023,495 Xxxxx Fargo N/A $13,753,360 Certain Bonds $1,013,845 Total: $122,588,259 II.

  • If on any day on or after the Facility Termination Date the Outstanding Balance of a Receivable is charged-off as uncollectible, the Seller shall be deemed to have received on the following Business Day a Collection of such Receivable; provided, however, that the aggregate amount of Collections the Seller shall be deemed to have received under this Section 1.8(b) shall not exceed the Loss -------------- Recourse Percentage of the aggregate Capital outstanding on the Facility Termination Date.


More Definitions of Recourse Percentage

Recourse Percentage. (a) With respect to each Core Purchased Asset, twenty-five percent (25%) and (b) with respect to each Flex Purchased Asset, fifty percent (50%); provided, that notwithstanding the foregoing, if the Confirmation for any Purchased Asset expressly specifies a “Recourse Percentage” for such Purchased Asset, the Recourse Percentage for such Purchased Asset shall be the percentage so specified in such Confirmation.
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Recourse Percentage. With respect to each Purchased Asset, the greater of (a) twenty-five percent (25%) and (b) such higher percentage as may be specified as the “Recourse Percentage” with respect to such Purchased Asset in the related Confirmation therefor (or amended and restated Confirmation, as applicable).
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Recourse Percentage shall have the meaning specified in the Fee Letter.
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Recourse Percentage. With respect to each Purchased Asset (other than any Legacy Purchased Asset), twenty-five percent (25%); provided, that if the Confirmation for any Purchased Asset (other than any Legacy Purchased Asset) specifies a higher percentage as the “Recourse Percentage” for such Purchased Asset, the Recourse Percentage for such Purchased Asset shall be such higher percentage so specified in such Confirmation.
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Related to Recourse Percentage

  • Strike Percentage means 100%

  • Equity Percentage means the aggregate ownership percentage of Borrower in each Unconsolidated Affiliate, which shall be calculated as the greater of (a) Borrower’s nominal capital ownership interest in the Unconsolidated Affiliate as set forth in the Unconsolidated Affiliate’s organizational documents, and (b) Borrower’s economic ownership interest in the Unconsolidated Affiliate, reflecting Borrower’s share of income and expenses of the Unconsolidated Affiliate.

  • Class C Percentage means at any time the percentage equivalent of a fraction, the numerator of which is the Outstanding Amount of the Class C Notes and the denominator of which is the sum of the Outstanding Amount of all the Notes.

  • Cash Percentage shall have the meaning specified in Section 14.02(a)(iii).

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of all Revolving Loans then outstanding; provided that in the event that the Revolving Loans are paid in full prior to the reduction to zero of the Total Revolving Commitments, the Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving Lenders on a comparable basis.

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • NOLV Percentage the net orderly liquidation value of Inventory, expressed as a percentage, expected to be realized at an orderly, negotiated sale held within a reasonable period of time, net of all liquidation expenses, as determined from the most recent appraisal of Borrowers’ Inventory performed by an appraiser and on terms satisfactory to Agent.