Common use of Required Reserves Clause in Contracts

Required Reserves. (Section III) $ % A. Loss Reserve (incl Cash Res) Loss Reserves and Percentage Minimum Level (Min % * Investment) B. Cash Reserve (part of LR) Minimum Level (Min % * Investment) A. [*] [*]

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Carbuyco, LLC), Receivables Purchase Agreement (Adesa California, LLC)

Required Reserves. (Section III) $ %) A. Loss Reserve (incl Cash Res) Loss Reserves and Percentage Minimum Level (Min % Min% * Investment) B. Cash Reserve (part of LR) Minimum Level (Min % Min% * Investment) ) A. [*] [*] B. [*] C. [*] D. [*] E. [*] F. [*] G. Net Spread Test A. Bankruptcy

Appears in 1 contract

Sources: Receivables Purchase Agreement (KAR Auction Services, Inc.)