Servicing Fee Reserve definition

Servicing Fee Reserve at any time means an amount equal to the product of (a) the aggregate Unpaid Balance of Receivables as of the most recent Month End Date, (b) 0.50%, and (c) the quotient of (i) 2.0 multiplied by Days Sales Outstanding, divided by (ii) 360.

Servicing Fee Reserve means, as of any date of determination, an amount equal to the product of (i) the Servicing Fee Rate, (ii) the aggregate Outstanding Balance of Transferred Receivables and (iii) a fraction, the numerator of which is the higher of (a) 30 and (b) the Receivables Collection Turnover as of the end of the Settlement Period immediately preceding such date multiplied by 2, and the denominator of which is 360.

Servicing Fee Reserve means, at any time, an amount equal to the sum of (a) all accrued and unpaid Servicing Fee plus (b) the product of (i) the Servicing Fee Reserve Ratio and (ii) the aggregate Expected Net Value of all Receivables at such time.

Examples of Servicing Fee Reserve in a sentence

• At any time other than during an Exception Funding Period, the sum of (i) the Net Pool Balance on such date of calculation multiplied by the greater of (a) the sum of the Loss Reserve Ratio on such date of calculation and the Dilution Reserve Ratio on such date of calculation; and (b) the Minimum Reserve Ratio on such date of calculation; (ii) the Yield Reserve on such date of calculation; and (iii) the Servicing Fee Reserve on such date of calculation (such sum, the “Standard Reserves”).

• For the March 20 Monthly Investor Report (IR), recalculate the individual components of the Loss Reserve, Dilution Reserve, Discount Reserve, Servicing Fee Reserve, Dilution Ratio, Loss-to-Liquidation Ratio and the Default Ratio from data obtained from NMC’s internal systems and verify with ratios reported.

• Following this principle, the open-ended project is broken into smaller parts with assigned due dates.

• The investment of funds on deposit in the Extra Servicing Fee Reserve Account shall be subject to the provisions of Section 3.12.

• Following the withdrawals pursuant to clauses FIRST and SECOND of this paragraph, the Trust Administrator shall clear and terminate the Extra Servicing Fee Reserve Account.

More Definitions of Servicing Fee Reserve

Servicing Fee Reserve means on any day an amount determined as follows: where: OBR = the Unpaid Balance of Pool Receivables on such day; SFR = 1.00%; DSO = the highest Days’ Sales Outstanding as of the Cut-Off Date for any Settlement Period observed over the preceding 12 Settlement Periods; and AUSF = the amount of any accrued but unpaid Servicing Fees.

Servicing Fee Reserve means, on any date, an amount equal to: (OBR x SFRR) where: OBR = the aggregate Outstanding Balance of all Pool Receivables at the close of business of the Collection Agent on such date. SFRR = the Servicing Fee Reserve Ratio on such date.

Servicing Fee Reserve means at any time an amount equal to the product of (i) the aggregate Outstanding Balance of all Receivables at such time, (ii) the Servicing Fee percentage and (iii) a fraction having as the numerator, the sum of (a) the Estimated Maturity Period PLUS (b) the Collection Delay Period, and as the denominator, 360.

Servicing Fee Reserve for the Participation at any time means the sum of (i) the unpaid Servicing Fee relating to the Participation accrued to such time, plus (ii) an amount equal to (a) the Net Receivables Pool Balance at the time of computation multiplied by (b) the product of (x) the percentage per annum at which the Servicing Fee is accruing on such date and (y) a fraction having the sum of the Average Maturity plus the Collection Delay Period (each as in effect at such date) as its numerator and 360 as its denominator.

Servicing Fee Reserve. Default Ratio", "Approved Currency", "Eligible Counterparty", "Defaulted Receivable", "Delinquent Receivable" or "Net Receivables Balance" or increase the Maximum Percentage Factor or any Concentration Limit; or

Servicing Fee Reserve means, Servicing Fees that will, or are estimated to, have accrued by the Specified Date.

Servicing Fee Reserve means, for any Monthly Period, the product of (i) the Servicer Fee for such period multiplied by (ii) the Adjusted DSO, multiplied by (iii) the Variance Factor, multiplied by (iv) the aggregate Outstanding Balance of Receivables multiplied by (v) 1/360.