Servicing Fee Reserve Percentage means, as of any date of determination, an amount equal to: SF = stress factor of 1.5; SFR = the Servicing Fee Rate; and MDSO = the Maximum Days Sales Outstanding on such day.
Servicing Fee Reserve Percentage means, on any day for any Percentage Interest, the ratio (expressed as a percentage) computed by dividing (i) the Servicing Fee Reserve related to such Percentage Interest by (ii) the Purchase Price for such Percentage Interest.
Servicing Fee Reserve Percentage means, at any time, an amount equal to the following: 360 where: SFR = the sum of 0.2% (in respect of the Master Servicing Fee Amount) plus 0.1% (in respect of the Lux Management Fee Amount); SF = 2.0; and DSO = Days Sales Outstanding for the most recent Monthly Period.
Examples of Servicing Fee Reserve Percentage in a sentence
Following this principle, the open-ended project is broken into smaller parts with assigned due dates.
More Definitions of Servicing Fee Reserve Percentage
Servicing Fee Reserve Percentage means, at any time, an amount equal to the following:
Servicing Fee Reserve Percentage means the product of (a) the Servicing Fee Rate and (b) the ratio computed by dividing (i) the highest Days’ Sales Outstanding for the twelve most recently ended Fiscal Months and (ii) 360.
Servicing Fee Reserve Percentage means, as of any date of determination, an amount equal to:
Servicing Fee Reserve Percentage means [*****].
Servicing Fee Reserve Percentage means, at any date, an amount equal to: where: SFR = the Servicing Fee Rate. DSO = Days Sales Outstanding for the most recent Monthly Period. SF = a stress factor of 2.0
Servicing Fee Reserve Percentage at any time means the product (expressed as a percentage) of (i) a fraction, the numerator of which is the Outstanding Balance of all Pool Receivables as of the most recent Month End Date and the denominator of which is the Net Receivables Pool Balance as of the most recent Month End Date, multiplied by (ii) 1.00%, multiplied by (iii) a fraction, the numerator of which is 60 and the denominator of which is 365 or, in the case of a leap year, 366.
Servicing Fee Reserve Percentage means, on any day, a percentage determined as follows: (SF x SFR) x (MDSO/360) where: SFR = the Servicing Fee Rate; SF = stress factor of 1.5; and MDSO = the Maximum Days Sales Outstanding on such day. “Settlement Date” means, (i) so long as no Amortizing Event has occurred and is continuing and the Facility Termination Date has not occurred, the Monthly Settlement Date and (ii) on and after the Facility Termination Date or if an Amortization Event has occurred and is continuing, each day selected from time to time by the Agent (it being understood that the Agent may select such Settlement Date to occur as frequently as daily), or, in the absence of such selection, the Monthly Settlement Date. “Settlement Period” means each Accrual Period. “Solar Receivable” means all indebtedness and other obligations of any obligor, whether constituting an account, chattel paper, instrument or general intangible, arising in connection with the installation of on-site solar PV and the purchase of electricity generated by on-site solar PV systems. “SOFR” means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator. “SOFR Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate). “SOFR Spread” means 0.10% per annum. “Solvent” means, with respect to any Person and as of any particular date, (i) the fair value of the assets of such Person, at a fair valuation, will exceed the debts and liabilities, direct, subordinated, contingent or otherwise, of such Person; (ii) the present fair saleable value of the property of such Person will be greater than the amount that will be required to pay the probable liabilities of such Person on its debts and other liabilities, direct, subordinated, contingent or