Servicer Fee Reserve Percentage means, at any time, the product of (i) the Servicer Fee Rate, (ii) 1.5, (iii) a percentage expressed as a fraction, the numerator of which is the highest Days’ Sales Outstanding for the prior twelve (12) Calculation Periods, and the denominator of which is 360.
Servicer Fee Reserve Percentage means 2% or such other percentage as may be agreed upon between the Administrative Agent and the Servicer as an arms-length rate for the Servicer Fee.
Servicer Fee Reserve Percentage means, on any date, a percentage equal to the product of (a) 0.50% and (b)(i) the Three-Month Turnover Rate for the most recently ended calendar month divided by (ii) 360.
More Definitions of Servicer Fee Reserve Percentage
Servicer Fee Reserve Percentage means the percentage calculated as at each Determination Date as:
Servicer Fee Reserve Percentage means, on any date, an amount equal to: where: SF = the percentage per annum used in the calculation of the Servicer Fee in effect on such date. RTR = the highest of the Three-Month Receivable Turnover Ratios calculated for each of the twelve most recently ended calendar months.