Yield Reserve Ratio definition

Yield Reserve Ratio means, as of any date of determination, the quotient, expressed as a percentage, of (a) the product of (i) 1.5 times (ii) the Days Sales Outstanding in effect on such date times (iii) the Base Rate in effect on such date (as determined by the Agent), divided by (b) the number of days in the calendar year in which such Base Rate is calculated (i.e., 365/366).
Sample 1Sample 2Sample 3
Yield Reserve Ratio. “Servicing Reserve Ratio,” “Servicing Fee Percentage,” “Required Reserves Ratio” or “Required Reserve Factor Floor,” or amend or modify any defined term used directly or indirectly in such defined term), the consent of any remaining Funding Agent cannot unreasonably be withheld or delayed.
Sample 1Sample 2Sample 3
Yield Reserve Ratio means the product of (i) the Base Rate multiplied by (ii) the Stress Factor multiplied by (iii) the DSO divided by 360.
Sample 1Sample 2Sample 3

Examples of Yield Reserve Ratio in a sentence

  • YRR = SF x AR x (DSO/360) where: YRR = Yield Reserve Ratio; SF = the Stress Factor; 949049213.2 AR = the sum of (i) the “Applicable Rate”, defined as the sum of (a) the one-month rate calculated as the weighted average Eurocurrency Rate weighted by the Eurocurrency Tranche sizes as of such Monthly Reporting Date plus(b) the Applicable Margin for Tranches funded with reference to the Eurocurrency Rate, and (ii) the Servicing FeePercentage; and DSO = the Days Sales Outstanding.


More Definitions of Yield Reserve Ratio

Yield Reserve Ratio means, as of any Monthly Reporting Date and continuing until (but not including) the next Monthly Reporting Date, an amount (expressed as a percentage) that is calculated as follows:
Sample 1Sample 2Sample 3
Yield Reserve Ratio means, as of any Monthly Reporting Date and continuing until (but not including) the next Monthly Reporting Date, an amount (expressed as a percentage) that is calculated as follows:YRR = SF x AR x (DSO/360)where:YRR = Yield Reserve Ratio;SF = the Stress Factor;AR = the sum of (i) the “Applicable Rate”, defined as the sum of (a) the one-month rate calculated as the weighted average Eurocurrency Rate or Term SOFR, as applicable, weighted by the Eurocurrency Tranche or Term SOFR Tranche, as applicable, sizes as of such Monthly Reporting Date plus (b) the Applicable Margin for Tranches funded with reference to the Eurocurrency Rate or Term SOFR, as applicable, and (ii) the Servicing Fee Percentage; andDSO = the Days Sales Outstanding.
Sample 1Sample 2Sample 3
Yield Reserve Ratio means, for any Settlement Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the last day of the immediately preceding Settlement Period times (iii) a fraction, the numerator of which is the highest Days Sales Outstanding for the most recent 12 Settlement Periods and the denominator of which is 360.
Sample 1Sample 2
Yield Reserve Ratio means, for any Settlement Period, the product (expressed as a percentage) of (i) 1.5 times (ii) (a) the Alternate Base Rate as of the last day of the immediately preceding Settlement Period plus (b) 1.65% times (iii) a fraction, the numerator of which is the Days Sales Outstanding for such Settlement Period and the denominator of which is 360. Please accurately complete the following information and return via Telecopy to the attention of [ ] at [ ] as soon as possible, at Telecopy No. ( ) [ ]. PURCHASER LEGAL NAME TO APPEAR IN DOCUMENTATION: Institution Name: Street Address: City, State, Zip Code: POST CLOSING, ONGOING CREDIT CONTRACTS/NOTIFICATION METHODS: CREDIT CONTACTS: Primary Contact: Street Address: City, State, Zip Code: Phone Number: Telecopy Number: Backup Contact: Street Address: City, State, Zip Code: Phone Number: Telecopy Number:
Sample 1Sample 2
Yield Reserve Ratio means, for any Settlement Period, the product (expressed as a percentage) of (i) 1.5 times (ii) (a) the Alternate Base Rate as of the last day of the immediately preceding Settlement Period plus (b) 1.65% times (iii) a fraction, the numerator of which is the Days Sales Outstanding for such Settlement Period and the denominator of which is 360. Please accurately complete the following information and return via Telecopy to the attention of [ ] at [ ] as soon as possible, at Telecopy No. ( ) [ ]. PURCHASER LEGAL NAME TO APPEAR IN DOCUMENTATION: Street Address: City, State, Zip Code: POST CLOSING, ONGOING CREDIT CONTRACTS/NOTIFICATION METHODS: CREDIT CONTACTS:
Sample 1
Yield Reserve Ratio means, as of any date of determination, the quotient expressed as a percentage, of (a) the product of (i) the sum of (A) the product of (1) 2.25 multiplied by (2) the one-month Eurodollar Rate as of the last Business Day of the immediately preceding Monthly Period plus (B) 0.75% multiplied by (ii) 2.25 multiplied by the Average Days Outstanding as of the end of the immediately preceding Monthly Period divided by (b) 360.
Sample 1
Yield Reserve Ratio means, as of any date of ------------------- determination a percentage calculated in accordance with the following formula: YRR = [ASFR + (1.5 x NIR)] x [2 x ADO], -------------------------------- 360 where YRR = the Yield Reserve Ratio; ASFR = the Adjusted Servicing Fee Rate; NIR = the Note Interest Rate for the Interest Period in which the Yield Reserve Ratio is being determined; and ADO = the Average Days Outstanding as of the end of the Monthly Period preceding the first day of the Interest Period in which the Yield Reserve Ratio is being determined.
Sample 1