Purchase Yield definition
Purchase Yield means, with respect to any Receivable, the per annum, discount rate, as calculated by the Seller on the date the Settlement underlying such Receivable was originally purchased by the Seller from the Claimant, at which the present value of all "Scheduled Payments" (as defined in the Pooling and Servicing Agreement) (or portions thereof) to be received by the Seller equals the sum of the purchase price paid by the Seller to the Claimant therefor plus the estimated closing costs and commissions incurred by the Seller and directly allocated to such Receivable in accordance with the Seller's customary past business practices.
Purchase Yield means, with respect to any Purchased Settlement, as calculated as of the date of purchase of such Settlement on a per annum basis, the discount rate at which the Borrower has determined the present value of all Periodic Payments under such Settlement to be paid (until the final date specified in the related Purchase Agreement) equals the Purchase Price for such Settlement.
Purchase Yield means, with respect to any Receivable, the per annum discount rate, as calculated by the Seller on the date the Settlement underlying such Receivable was originally purchased by the Seller from the Claimant, at which the present value of all Scheduled Payments (or portions thereof) to be received by the Seller equals the sum of the purchase price paid by the Seller to the Claimant therefor plus the estimated closing costs and commissions incurred by the Seller and directly allocated to such Receivable in accordance with the Seller's customary past business practices.
More Definitions of Purchase Yield
Purchase Yield means each of the 2025 Notes Purchase Yield, the 2026 Notes Purchase Yield and the 2027 Notes Purchase Yield.