Specified Reserve Amount definition

Specified Reserve Amount means, with respect to any Payment Date, an amount equal to the Reserve Account Initial Deposit.

Specified Reserve Amount. Means, with respect to any Payment Date, the excess, if any, of (x) the sum of Specified Overcollateralization Amounts for both Groups on such Payment Date, over (y) the sum of Overcollateralization Amounts for both Groups and such Payment Date.

Specified Reserve Amount. Means, with respect to any Pool and any Distribution Date, the excess, if any, of (x) the Specified Over-collateralized Amount for such Pool and such Distribution Date, over (y) the Over-collateralized Amount for such Pool and such Distribution Date.

Examples of Specified Reserve Amount in a sentence

• Borrowers will not permit the Revolving Loan Availability to be less than $1,000,000 as of any time; provided, however that this covenant shall not be tested at any time that the Specified Reserve Amount is greater than zero dollars.

• Amounts on deposit in the Reserve Account may be subsequently released therefrom to the extent that such amounts exceed the Specified Reserve Amount and shall be treated as Transferor Retained Finance Charge Collections to be applied for the then current Monthly Period in accordance with subsection 4.9(a) of the Agreement.

• From the date such new Reserve Account is established, it shall be the "Reserve Account." (b) (c) The Servicer shall on each Business Day deposit in the Reserve Account an amount equal to the excess of the Specified Reserve Amount over the amount on deposit in the Reserve Account to the extent of funds available therefor pursuant to subsection 4.9(a)(ix) of the Agreement.

• Specified Reserve Amount means, for each pool of mortgage loans and any distribution date, the difference between (x) the Specified Over-collateralized Amount for that pool and that distribution date and (y) the Over-collateralized Amount for that pool on that distribution date.

• The interest and other investment income (net of investment expenses and losses) earned on such investments will be retained in the Reserve Account (to the extent the amount on deposit therein is less than the Specified Reserve Amount) or shall be deposited in the Collection Account and treated as Investment Proceeds for application as Available Series 1998-A Finance Charge Collections.

More Definitions of Specified Reserve Amount

Specified Reserve Amount means (i) for any Payment Date with respect to which (i) [no Reserve Event occurred that has not been Deemed Cured and no Trigger Event has occurred that has not been waived by the Insurer], the greater of [ ]% less the Overcollateralization Percentage of the Pool Balance as of the end of the related Collection Period and (b) the lesser of (1) [ ]% of the sum of the Original Pool Balance and the aggregate Principal Balances of all Subsequent Contracts as of their respective Cut-Off Dates and (2) the Note Balance immediately prior to such Payment Date; (ii) [if a Reserve Event has occurred that has not been Deemed Cured], the greater of (a) [ ]% less the Overcollateralization Percentage of the Pool Balance as of the end of the related Collection Period and (b) the lesser of (1) [ ]% of the sum of the Original Pool Balance and the aggregate Principal Balances of all Subsequent Contracts as of their respective Cut-Off Dates and (2) the Note Balance immediately prior to such Payment Date[, and (iii) a Trigger Event has occurred that has not been waived by the Insurer, the lesser of (a) 100% of the Note Balance as of the end of the related Collection Period and (b) an amount that shall be determined by the Insurer in its sole discretion; provided, however, that the “Specified Reserve Amount” shall never exceed the then-outstanding Note Balance; provided, further, however, that the “Specified Reserve Amount” may, if permitted by the Insurer and approved by the Rating Agencies, be reduced by an amount acceptable to the Insurer and the Rating Agencies. Notwithstanding the foregoing, once a Trigger Event has occurred, the Total Available Reserve Amount may, at the Insurer’s discretion, be used to pay additional principal on the Notes sequentially until paid down to zero and then to pay all amounts due to the Insurer in accordance with Section 4.3(b)].

Specified Reserve Amount. Means, with respect to any Distribution Date, the sum of (a) the Shortfall Amount with respect to both Mortgage Loan Groups on that Distribution Date and (b) the excess, if any, of (x) the Specified Over-collateralized Amount for both Mortgage Loan Groups and such Distribution Date, over (y) the Over-collateralized Amount for both Mortgage Loan Groups and for such Distribution Date.

Specified Reserve Amount means, with respect to any payment date, the greater of (A) 25.50% less the Overcollateralization Percentage or, upon the occurrence of a Reserve Event and until such time, if any, that such Reserve Event is deemed cured, 30.50% less the Overcollateralization Percentage of the Pool Balance and (B) the lesser of (x) 3.00% of the sum of the Original Pool Balance and the initial Principal Balances of all subsequent contracts and (y) the Note Balance; provided, however, that the Specified Reserve Amount may, if permitted by the insurer and approved by the rating agencies, be reduced by an amount acceptable to the insurer and the rating agencies. Notwithstanding the foregoing, upon the occurrence of a Trigger Event that has not been waived by the insurer, the Specified Reserve Amount will be the lesser of (x) 100.00% of the Note Balance; and (y) an amount determined by the insurer in its sole discretion.

Specified Reserve Amount means as of the Ninth Amendment Effective Date, a Reserve Amount of $1,000,000, which Reserve Amount may be increased or decreased from time to time at the discretion of Bank, and which Reserve Amount shall be in addition to all other Reserve Amounts in existence as of the Ninth Amendment Effective Date and all other Reserve Amounts that may be established after the Ninth Amendment Effective Date.

Specified Reserve Amount means $375,000.

Specified Reserve Amount is inserted into Section 1.1 of the Loan Agreement, to read as follows:

Specified Reserve Amount means, as of any date, an amount equal to 85% of the sum of (i) the aggregate amount of all Specified Accounts on such date and (ii) the aggregate amount of all customer deposits and unapplied cash remitted by any applicable Account Debtor to the extent such customer deposits and unapplied cash are included in the amount of Eligible Accounts."