Common use of Collateral Cost Clause in Contracts

Collateral Cost. for any fiscal quarter ending after the fifth anniversary of the Distribution Date and on or prior to the sixth anniversary of the Distribution Date shall equal the sum of (a) the Billed Cost for such fiscal quarter plus (b) 75 basis points multiplied by the average daily face amount of the Collateral for such fiscal quarter as determined by Yellow.

Appears in 3 contracts

Samples: Master Separation and Distribution Agreement (SCS Transportation Inc), Master Separation and Distribution Agreement (SCS Transportation Inc), Master Separation and Distribution Agreement (Yellow Corp)

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Collateral Cost. for any fiscal quarter ending after the fifth fourth anniversary of the Distribution Date and on or prior to the sixth fifth anniversary of the Distribution Date shall equal the sum of (a) the Billed Cost for such fiscal quarter plus (b) 75 50 basis points multiplied by the average daily face amount of the Collateral for such fiscal quarter as determined by Yellow.

Appears in 3 contracts

Samples: Master Separation and Distribution Agreement (Yellow Corp), Master Separation and Distribution Agreement (SCS Transportation Inc), Master Separation and Distribution Agreement (SCS Transportation Inc)

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Collateral Cost. for any fiscal quarter ending after the fifth second anniversary of the Distribution Date and on or prior to the sixth fourth anniversary of the Distribution Date shall equal the sum of (a) the Billed Cost for such fiscal quarter plus (b) 75 25 basis points multiplied by the average daily face amount of the Collateral for such fiscal quarter as determined by Yellow.

Appears in 3 contracts

Samples: Master Separation and Distribution Agreement (SCS Transportation Inc), Master Separation and Distribution Agreement (SCS Transportation Inc), Master Separation and Distribution Agreement (Yellow Corp)

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