Servicing Reserve Percentage definition

Servicing Reserve Percentage means, at any time, a percentage equal to the product of (i) the Servicing Fee Rate divided by 360, times (ii) the Days Sales Outstanding at such time.
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Servicing Reserve Percentage means, as of any Determination Date, the percentage of equivalent of a fraction, the numerator of which shall be an amount equal to the product of (i) the Servicing Fee Rate, (ii) the Pool Balance as of the last day of the immediately preceding Collection Period, (iii) 2, (iv) Turnover Days divided by 365, and the denominator of which shall be the Available Receivables determined as of such Determination Date.
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Servicing Reserve Percentage means, on any date, the product (expressed as a percentage) of (a) 1% multiplied by (b) a fraction, the numerator of which is the highest Days Sales Outstanding for the most recent 12 months and denominator of which is 360.
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More Definitions of Servicing Reserve Percentage

Servicing Reserve Percentage. “Yield Reserve” or “Yield Reserve Percentage” or (H) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (G) 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 Reserve Percentage

  • Yield Reserve Percentage means at any time of determination:

  • SOFR Reserve Percentage means, for any day, the maximum effective percentage in effect on such day, if any, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including, without limitation, supplemental, marginal and emergency reserve requirements) with respect to SOFR funding.

  • Eurodollar Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.

  • Eurocurrency Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirements) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurocurrency Rate for each outstanding Eurocurrency Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurocurrency Reserve Percentage.