Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.
Required Reserve Amount means, (i) $__________ (i.e., ___% of the 201[__]-[__] Cutoff Date Aggregate Securitization Value) or (ii) on any Payment Date occurring on or after the date on which the Outstanding Amount of the Notes has been reduced to zero, zero; provided that the Required Reserve Amount may not be greater than the Note Balance of the Notes.
Required Reserve Amount means, with respect to any Payment Date (i) during the Revolving Period, an amount equal to $10,899,182.56 (which is approximately 1.00% of the Series Invested Amount as of the Closing Date) and (ii) during the Amortization Period, an amount equal to the amount on deposit in the Reserve Account as of the immediately preceding Payment Date, after giving effect to all deposits into and withdrawals from the Reserve Account on such immediately preceding Payment Date.
Examples of Required Reserve Amount in a sentence
If at any time while this Warrant remains outstanding the Company does not have a sufficient number of authorized but unissued shares of Common Stock to satisfy its obligation to reserve for issuance the Required Reserve Amount (an “Authorized Share Failure”), then the Company shall immediately take all action necessary to increase the Company’s authorized shares of Common Stock to an amount sufficient to allow the Company to reserve and keep available the Required Reserve Amount for this Warrant.
More Definitions of Required Reserve Amount
Required Reserve Amount means, for the Reserve Account, $5,630,686.46, or 0.50% of the Initial Pool Balance.
Required Reserve Amount the Reserve Percentage multiplied by the unpaid balance of Purchased Accounts.
Required Reserve Amount means $17,877,097.75, or approximately 1% of the Adjusted Pool Balance as of the Initial Cutoff Date.
Required Reserve Amount has the meaning set forth in Section 6(a).
Required Reserve Amount. The Reserve Percentage multiplied by the unpaid balance of all Purchased Accounts, plus all amounts due on Ineligible Accounts, plus all accrued fees and expenses.
Required Reserve Amount shall have the meaning set forth in Section 9(a).
Required Reserve Amount means, $3,121,143.04, which is 0.25% of the Initial Pool Balance.