The Yield Clause Samples
The Yield clause defines the amount of profit, interest, or return that a party is entitled to receive from an investment, loan, or financial arrangement. In practice, it specifies the rate or method for calculating the yield, such as a fixed percentage per annum or a variable rate tied to a benchmark. This clause ensures both parties have a clear understanding of the expected financial return, reducing the risk of disputes and providing transparency in the agreement.
The Yield. Supplement Agreement constitutes a valid and binding obligation of each of the Seller and Nissan Motor Acceptance Corporation (in its own capacity and not in its capacity as Servicer), and is enforceable against each of them in accordance with its terms.
The Yield. The Collateral Agent shall be entitled to collect the Yield and to hold and apply the Yield in accordance with the provisions of this Agreement.
The Yield. Maintenance Reserve Funds are outside reserve funds and shall be part of the Trust but not part of any REMIC. The Trustee on behalf of the Trust shall be the nominal 105
(a) Amounts in the Yield Maintenance Reserve Funds shall, at the direction of the Class X-IO Certificateholder, be invested in Eligible Investments that mature no later than the Business Day prior to the next succeeding Payment Date. All net income and gain from such investments shall be distributed to the Class X-IO Certificateholder, not as a disbtribution in respect of any interest in any REMIC, on such Payment Date. All amounts earned on amounts on deposit in the Yield Maintenance Reserve Funds shall be taxable to the Class X-IO Certificateholder. Any losses on such investments shall be deposited in the Yield Maintenance Reserve Funds by the Class X-IO Certificateholder out of its own funds immediately as realized.