Specified Reserve Fund Balance means, on the Closing Date $3,846,153.85, and with respect to any Payment Date 0.25% of the initial aggregate principal balance of the Receivables as of the Cutoff Date.
Specified Reserve Fund Balance means, with respect to any Distribution Date, an amount equal to the greater of:
Specified Reserve Fund Balance means, 0.25% of the Pool Balance as of the Cutoff Date; provided, however, in no event shall the Specified Reserve Fund Balance be greater than the aggregate Outstanding Amount of the Notes. As of any Distribution Date, the amount of funds actually on deposit in the Reserve Fund may, in certain circumstances, be less than the Specified Reserve Fund Balance.
Examples of Specified Reserve Fund Balance in a sentence
Upon any distribution to the Seller of amounts in excess of the Specified Reserve Fund Balance, the Noteholders will not have any rights in, or claims to, such amounts.
On each Payment Date, after making required payments to the Servicer and to the holders of the Notes, the Trust will make a deposit into the Reserve Fund to the extent necessary to maintain the amount on deposit in the Reserve Fund at the Specified Reserve Fund Balance.
In addition, on each Distribution Date on which the amount on deposit in the Reserve Fund (after giving effect to all deposits thereto or withdrawals therefrom on such Distribution Date) is greater than the Specified Reserve Fund Balance, the Trustee will distribute any remaining amounts to the Seller.
Notwithstanding the foregoing, in no event will the Specified Reserve Fund Balance be more than the then outstanding principal amount of the Notes.
Nonetheless, Mr. Scrivens continued to see her after the recognizance was granted: Jellicoe25, 15.5-40.[351] Dr. Jellicoe reported that Mr. Scrivens was open to taking libido-reducing medication other than Lupron, which had significant negative side-effects.
More Definitions of Specified Reserve Fund Balance
Specified Reserve Fund Balance means, on the Closing Date $5,302,735.16, and with respect to any Payment Date 0.75% of the initial aggregate principal balance of the Receivables as of the Cutoff Date; except that, if on any Payment Date (i) the average of the Charge-off Rates for the three preceding Collection Periods exceeds 2.25% or (ii) the average of the Delinquency Percentages for the three preceding Collection Periods exceeds 2.25%, then the Specified Reserve Fund Balance will be an amount equal to a specified percentage of the Pool Balance as of the last day of the immediately preceding Collection Period. Such percentage shall be determined by deducting from 8.00% the following fraction, expressed as a percentage: (a) one minus (b) a fraction, the numerator of which is the outstanding principal amount of the Notes with respect to such Payment Date and the denominator of which is such Pool Balance. Notwithstanding the foregoing, in no event will the Specified Reserve Fund Balance be more than the outstanding principal amount of the Notes.
Specified Reserve Fund Balance means, on the Closing Date $7,749,922.29, and with respect to any Payment Date 0.50% of the initial aggregate principal balance of the Receivables as of the Cutoff Date; except that, if on any Payment Date (i) the average of the Charge-off Rates for the three preceding Collection Periods exceeds 2.25% or (ii) the average of the Delinquency Percentages for the three preceding Collection Periods exceeds 2.25%, then the Specified Reserve Fund Balance will be an amount equal to a specified percentage of the Pool Balance as of the last day of the immediately preceding Collection Period. Such percentage shall be determined by deducting from 8.00% the following fraction, expressed as a percentage: (a) one minus (b) a fraction, the numerator of which is the outstanding principal amount of the Notes and the outstanding principal amounts of the Certificates with respect to such Payment Date and the denominator of which is such Pool Balance. Notwithstanding the foregoing, in no event will the Specified Reserve Fund Balance be more than the outstanding principal amount of the Notes and the outstanding principal amounts of the Certificates.
Specified Reserve Fund Balance shall have the meaning specified in the Agreement.
Specified Reserve Fund Balance means with respect to any Distribution Date will be an amount equal to the greater of:
Specified Reserve Fund Balance means, on the Closing Date $9,250,000.00, and with respect to any Payment Date the greater of: (i) 0.50% of the Pool Balance as of the Cutoff Date and (ii) 0.75% of the Pool Balance as of the last day of the related Collection Period; except that, if on any Payment Date (i) the average of the Charge-off Rates for the three preceding Collection Periods exceeds 2.25% or (ii) the average of the Delinquency Percentages for the three preceding Collection Periods exceeds 2.25%, then the Specified Reserve Fund Balance will be an amount equal to a specified percentage of the Pool Balance as of the last day of the immediately preceding Collection Period. Such percentage shall be determined by deducting from 8.00% the following fraction, expressed as a percentage: (a) one minus (b) a fraction, the numerator of which is the outstanding principal amount of the Notes with respect to such Payment Date and the denominator of which is such Pool Balance. Notwithstanding the foregoing, in no event will the Specified Reserve Fund Balance be more than the outstanding principal amount of the Notes.
Specified Reserve Fund Balance means, on the Closing Date $[_______], and with respect to any Payment Date, [__]% of the initial aggregate principal balance of the Receivables as of the Cutoff Date.
Specified Reserve Fund Balance means on any Distribution Date a balance in the Reserve Fund equal to the greater of (i) 1.5% of the principal balance of the Outstanding Notes on such Distribution Date after giving effect to payments on such Distribution Date or (ii) $1,500,000, but not in excess of the principal balance of the Outstanding Notes.