Reserve Shortfall the amount by which the Reserve Account is less than the Required Reserve Amount.
Reserve Shortfall means the amount by which the Reserve Account is less than the Required Reserve Amount.
Reserve Shortfall. With respect to any Securitized Loan Pool, on any Distribution Date, any excess of (x) the related Reserve Requirement for such Distribution Date over (y) the related Reserve Amount immediately prior to such Distribution Date.
Examples of Reserve Shortfall in a sentence
As inducement to Client to maintain the Reserve Account at required levels to secure the Repurchase or anticipated Repurchase of ineligible or impaired Accounts, Client agrees to pay Amerisource on demand a per diem penalty of 0.20% of the amount of any Reserve Shortfall.
More Definitions of Reserve Shortfall
Reserve Shortfall means if the credit standing to the Reserve Account as of any Payment Date, after filling the Reserve Account in accordance with item eleventh of the Pre-Enforcement Priority of Payments, falls short of the Required Reserve Amount as of the Cut-Off Date immediately preceding such Payment Date;
Reserve Shortfall means the amount by which the Reserve is less than the Required Reserve Amount.
Reserve Shortfall means the amount by which the balance in the Reserve Account is less than the Required Reserve Amount, provided that, if the Reserve Account has a negative balance, the Reserve Shortfall shall be the sum of such balance and the Required Reserve Amount.
Reserve Shortfall means the amount by which the Reserve Account is less than the Required Reserve Amount. “Required Reserve Amount” means the Reserve Percentage multiplied by the unpaid balance of all Purchased Accounts and as such amount may change in accordance herewith. “Schedule of Accounts” means a schedule of Accounts in a form supplied by FGI from time to time wherein Seller lists all the existing Accounts of Seller, which Seller is required to offer for sale to FGI under the terms of this Agreement. “Security Interest” means the Liens of FGI on and in the Collateral affected hereby or pursuant to the terms hereof or thereof. “Supporting Obligation” has the definition contained in the UCC. “Termination Fee” means a fee payable to FGI in the event Seller terminates this Agreement prior to maturity of the Original Term or Term of this Agreement. “UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York. 4 Section 1.2
Reserve Shortfall. See Section 3.
Reserve Shortfall. See Section 3. [Signature page follows]
Reserve Shortfall. The amount by which the Reserve Account is less than the Required Reserve Amount; provided that if the Reserve Account has a negative balance the Reserve Shortfall shall be the sum of such balance and the Required Reserve Amount. Schedule of Accounts - A schedule of Accounts in a form supplied by FGI from time to time wherein Seller lists all the existing Accounts of Seller, which Seller is required to offer for sale to FGI under the terms of this Agreement. SEC - The Securities and Exchange Commission or any successor thereto.