Excess Loan Yield Clause Samples

Excess Loan Yield. With respect to each calendar year during the term of this Agreement, if the Loan Yield exceeds the Loan Delinquency Rate for a particular calendar year, each measured as of December 31 of such calendar year, by more than 100 basis points, then SBBT shall pay to JHI 50% of the amount equal to the difference between (i) the Yield Amount and (ii) the sum of the Delinquency Amount and the Threshold Amount for such calendar year. Amounts, if any, payable to JHI pursuant to the preceding sentence shall be paid within five business days following December 31 of such calendar year.