Common use of Required Allocation Clause in Contracts

Required Allocation. The "Required Allocation" at any time means an amount determined as follows: RA = PI + DF + CR + SFR where: RA = the Required Allocation at any time; PI = the Total Purchasers' Investment at such time, as determined pursuant to Section 2.03; DF = the Discount Factor at such time, as determined pursuant to Part I of Appendix B; CR = the Credit Reserve at such time, as determined pursuant to Part II of Appendix B; SFR = the Servicer's Fee Reserve at such time, as determined pursuant to Part IV of Appendix B; and