Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.
Yield Supplement Overcollateralization Amount means, for the Closing Date and each Payment Date, the amount stated on the Yield Supplement Overcollateralization Schedule for that date, calculated as the sum for each Receivable of the amount (not less than zero) equal to:
Yield Supplement Overcollateralization Amount means with respect to any calendar month and the related Distribution Date, or with respect to the Cutoff Date, the aggregate amount by which the Principal Balance as of the last day of such calendar month or the Cutoff Date, as applicable, of each of the related Receivables with an Annual Percentage Rate as stated in the related Contract is less than the Required Rate, other than a Liquidated Receivable, exceeds the present value, calculated using a discount rate equal to the Required Rate, of each Scheduled Receivables Payment of each such Receivable assuming such Scheduled Receivables Payment is made on the last day of each month and each month has 30 days.
Examples of Yield Supplement Overcollateralization Amount in a sentence
The "Adjusted Pool Balance" as of any date is equal to the Pool Balance less the Yield Supplement Overcollateralization Amount as of such date.
YSOA = For each payment date, the amount set forth in the table under "Yield Supplement Overcollateralization Amount".
The "Yield Supplement Overcollateralization Amount" for each Receivable for each Collection Period is the excess, if any, of the present value of the scheduled payments due on such Receivable for each future Collection Period discounted at the APR of the Receivable over the present value of such scheduled payments discounted at 9.50%, assuming that future scheduled payments on the Receivables are made on their scheduled due dates without any delays, defaults or prepayments.
The "Yield Supplement Overcollateralization Amount" for each Receivable for each Collection Period is the excess, if any, of the present value of the scheduled payments due on such Receivable for each future Collection Period discounted at the APR of the Receivable over the present value of such scheduled payments discounted at 10.00%, assuming that future scheduled payments on the Receivables are made on their scheduled due dates without any delays, defaults or prepayments.
The "Yield Supplement Overcollateralization Amount" for each Receivable for each Collection Period is the excess, if any, of the present value of the payments on such Receivable for each future Collection Period discounted at the APR of the Receivable over the present value of such payments discounted at a fixed rate, assuming that future payments on the Receivables are made without any delays, defaults or prepayments.
More Definitions of Yield Supplement Overcollateralization Amount
Yield Supplement Overcollateralization Amount means with respect to any Payment Date, the dollar amount set forth next to such Payment Date on Schedule B hereto.
Yield Supplement Overcollateralization Amount means, with respect to any Payment Date and the related Collection Period (or any day in such Collection Period), the aggregate amount by which the Principal Balance of each Receivable (other than a Defaulted Receivable or a Purchased Receivable) as of the last day of such Collection Period, exceeds the present value of all remaining Monthly Payments, calculated using the Discount Rate and assuming that all such Monthly Payments are made on the last day of each Collection Period and that each Collection Period has 30 days. The Yield Supplement Overcollateralization Amount for each Payment Date shall equal the amount set forth below: Payment Date Yield Supplement Overcollateralization Amount Closing Date $ 36,332,043.60 July 2020 $ 33,521,316.39 August 2020 $ 32,163,265.37 September 2020 $ 30,837,046.20 October 2020 $ 29,542,761.43 November 2020 $ 28,280,433.71 December 2020 $ 27,050,045.22 January 2021 $ 25,851,640.49 February 2021 $ 24,685,181.03 March 2021 $ 23,550,461.73 April 2021 $ 22,447,253.78 May 2021 $ 21,375,488.02 AA-27 Payment Date Yield Supplement Overcollateralization Amount June 2021 $ 20,335,140.44 July 2021 $ 19,326,237.93 August 2021 $ 18,348,871.88 September 2021 $ 17,403,116.28 October 2021 $ 16,489,079.64 November 2021 $ 15,606,849.17 December 2021 $ 14,756,527.47 January 2022 $ 13,938,213.92 February 2022 $ 13,151,956.18 March 2022 $ 12,397,781.28 April 2022 $ 11,675,573.94 May 2022 $ 10,985,051.18 June 2022 $ 10,325,974.53 July 2022 $ 9,697,811.34 August 2022 $ 9,099,671.01 September 2022 $ 8,529,961.87 October 2022 $ 7,987,167.94 November 2022 $ 7,469,688.32 December 2022 $ 6,975,957.01 January 2023 $ 6,504,799.69 February 2023 $ 6,055,003.32 March 2023 $ 5,624,911.26 April 2023 $ 5,213,296.06 May 2023 $ 4,819,721.16 June 2023 $ 4,443,720.93 July 2023 $ 4,085,217.73 August 2023 $ 3,744,007.06 September 2023 $ 3,419,876.50 October 2023 $ 3,112,671.98 November 2023 $ 2,822,227.21 December 2023 $ 2,548,399.32 January 2024 $ 2,291,030.39 February 2024 $ 2,049,896.12 March 2024 $ 1,824,706.19 April 2024 $ 1,615,122.95 May 2024 $ 1,420,908.80 June 2024 $ 1,241,865.80 July 2024 $ 1,077,734.69 August 2024 $ 928,164.50 September 2024 $ 792,658.65 October 2024 $ 670,828.85 November 2024 $ 562,173.59 AA-28 Payment Date Yield Supplement Overcollateralization Amount December 2024 $ 466,104.61 January 2025 $ 382,045.20 February 2025 $ 309,200.84 March 2025 $ 246,470.66 April 2025 $ 192,808.23 May 2025 $ 147,535.42 June 2025 $ 110,024.43 July 2025...
Yield Supplement Overcollateralization Amount means, with respect to any Collection Period and the related Payment Date, or with respect to the Cutoff Date, the aggregate amount by which the Principal Balance as of the last day of such Collection Period or the Cutoff Date of each of the related Receivables with a Contract Rate of less than the Required Rate, other than a Defaulted Receivable, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days. APPENDIX A
Yield Supplement Overcollateralization Amount means, with respect to the Closing Date and any Payment Date, the dollar amount set forth next to such Payment Date on Schedule X hereto. The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms. Unless otherwise inconsistent with the terms of this Agreement, all accounting terms used herein shall be interpreted, and all accounting determinations hereunder shall be made, in accordance with GAAP. Amounts to be calculated hereunder shall be continuously recalculated at the time any information relevant to such calculation changes. App. A-27 Appendix A to the Sale and Servicing Agreement SCHEDULE X YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT Payment Date Yield Supplement Overcollateralization Amount Closing Date $ 130,170,231.38 December 2023 $ 121,994,168.45 January 2024 $ 118,002,219.95 February 2024 $ 114,075,518.98 March 2024 $ 110,212,750.75 April 2024 $ 106,413,902.30 May 2024 $ 102,678,959.26 June 2024 $ 99,007,959.44 July 2024 $ 95,401,027.90 August 2024 $ 91,857,952.79 September 2024 $ 88,378,479.88 October 2024 $ 84,962,597.63 November 2024 $ 81,610,295.99 December 2024 $ 78,321,670.90 January 2025 $ 75,096,904.63 February 2025 $ 71,935,991.63 March 2025 $ 68,839,024.84 April 2025 $ 65,806,652.96 May 2025 $ 62,839,524.11 June 2025 $ 59,938,327.54 July 2025 $ 57,103,854.28 August 2025 $ 54,336,913.28 September 2025 $ 51,638,352.22 October 2025 $ 49,008,993.84 November 2025 $ 46,449,703.12 December 2025 $ 43,961,326.84 January 2026 $ 41,544,666.50 February 2026 $ 39,200,304.19 March 2026 $ 36,928,056.16 April 2026 $ 34,728,598.14 May 2026 $ 32,602,236.83 June 2026 $ 30,548,965.34 July 2026 $ 28,567,729.86 August 2026 $ 26,656,095.44 September 2026 $ 24,813,737.82 October 2026 $ 23,040,697.06 November 2026 $ 21,337,362.82 December 2026 $ 19,704,066.75 January 2027 $ 18,141,016.39 X-1 Schedule X to the Sale and Servicing Agreement Payment Date Yield Supplement Overcollateralization Amount February 2027 $ 16,648,014.38 March 2027 $ 15,223,872.87 April 2027 $ 13,869,104.89 May 2027 $ 12,583,528.59 June 2027 $ 11,366,718.96 July 2027 $ 10,218,432.06 August 2027 $ 9,138,299.13 September 2027 $ 8,125,911.44 October 2027 $ 7,180,951.10 November 2027 $ 6,303,174.71 December 2027 $ 5,492,161.85 January 2028 $ 4,747,605.30 February 2028 $ 4,068,926.04 March 2028 $ 3,454,195.02 April 2028 $ 2,903,616.78 May 2028 $ 2,414,953.60 June 2028 $ 1,983,203.98 July 2028 $ 1,603,659.81 August 2028 $ 1,271,616.58 Sep...
Yield Supplement Overcollateralization Amount means, with respect to any Distribution Date, the amount specified on the Yield Supplement Overcollateralization Schedule with respect to such Distribution Date.
Yield Supplement Overcollateralization Amount means with respect to any Payment Date, the dollar amount set forth next to such Payment Date on Schedule B to the Sale and Servicing Agreement. The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms. Unless otherwise inconsistent with the terms of this Agreement, all accounting terms used herein shall be interpreted, and all accounting determinations hereunder shall be made, in accordance with GAAP. Amounts to be calculated hereunder shall be continuously recalculated at the time any information relevant to such calculation changes. Appendix A-29 (2024-A Sale and Servicing Agreement) APPENDIX B REGULATION AB REPRESENTATIONS, WARRANTIES AND COVENANTS PART I
Yield Supplement Overcollateralization Amount means with respect to any Payment Date, the dollar amount set forth next to such Payment Date on Schedule B to the Sale and Servicing Agreement. The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms. Unless otherwise inconsistent with the terms of this Agreement, all accounting terms used herein shall be interpreted, and all accounting determinations hereunder shall be made, in accordance with GAAP. Amounts to be calculated hereunder shall be continuously recalculated at the time any information relevant to such calculation changes. APPENDIX B REGULATION AB REPRESENTATIONS, WARRANTIES AND COVENANTS PART I