Servicing and Yield Reserve definition

Servicing and Yield Reserve means, on any date, an amount equal to 2% multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.
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Servicing and Yield Reserve. “Stress Factor”, and “Weekly Reporting Condition”;
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Servicing and Yield Reserve or “Dilution Reserve,” or (I) without the consent of the relevant parties specified in clauses (A) through (H) above, amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (H) above in a manner that would circumvent the intention of the restrictions set forth in such clauses; or
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Related to Servicing and Yield Reserve

  • Servicing Reserve means, the product (expressed as a percentage) of (a) 1.0%, times (b) a fraction, the numerator of which is the highest Days Sales Outstanding for the most recent 12 months and the denominator of which is 360.

  • Master Servicing Fee Rate With respect to each Mortgage Loan, 0.25% per annum.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Primary Servicing Fee Rate means, with respect to the Mortgage Loans and Serviced Companion Loans, the rate that corresponds to such Mortgage Loan and Serviced Companion Loan set forth on Exhibit A hereto under the heading “Primary Servicing Fee.”

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.