Yield and Servicing Fee Reserve means, with respect to each Class, at any time the product of (i) 2.0%, (ii) the Net Receivables Balance at such time, and (iii) the Class Percentage with respect to such Class.
Yield and Servicing Fee Reserve means on any day an amount determined as follows: NPB x [SF x ((SFR + YR)/360) x DSO] + AUY + AUSF where: SF = 1.5 NPB = the Net Pool Balance on such day; YR = the Prime Rate on such day; SFR = 1.00%; DSO = the DSO on such day; and AUY = the amount of any accrued and unpaid Yield on such day. AUSF = the amount of any accrued but unpaid Servicing Fees.
Yield and Servicing Fee Reserve shall be equal to the Aggregate Investment multiplied by a percentage equal to (i) the Yield and Servicing Fee Reserve Percentage divided by (ii) 100% minus the Yield and Servicing Fee Reserve Percentage.
Examples of Yield and Servicing Fee Reserve in a sentence
NI = the Net Investment for such Class at the time of such computation; LDR = the Loss and Dilution Reserve for such Class at the time of such computation; YSFR = the Yield and Servicing Fee Reserve for such Class at the time of such computation; and NRB = the Net Receivables Balance at the time of such computation.
Following this principle, the open-ended project is broken into smaller parts with assigned due dates.
More Definitions of Yield and Servicing Fee Reserve
Yield and Servicing Fee Reserve means, at any time, the product of (i) the Yield and Servicing Reserve Percentage as of the most recently ended Settlement Period and (ii) the Net Receivables Pool Balance at such time.
Yield and Servicing Fee Reserve means, on any date, an amount equal to 1.50% multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date. All accounting terms not specifically defined herein shall be construed in accordance with GAAP. All terms used in Article 9 of the UCC in the State of New York, and not specifically defined herein, are used herein as defined in such Article 9. Exh. II-20 EXHIBIT III FORM OF PURCHASE NOTICE [Date] JPMorgan Chase Bank, N.A., as Administrative Agent 00 X. Xxxxxxxx Chicago, Illinois 60670-0596 Attention: Asset Backed Securities Conduit Group Re: PURCHASE NOTICE Ladies and Gentlemen: Reference is hereby made to the Receivables Purchase Agreement, dated as of October 31, 2007, by and among Xxxxxxx Xxxxxxx Finance Company, LLC, a Delaware limited liability company (the “Seller”), Xxxxxxx Xxxxxxx, Inc., as Servicer, the Financial Institutions, Park Avenue Receivables Company LLC (“Company”), and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Receivables Purchase Agreement”). Capitalized terms used herein shall have the meanings assigned to such terms in the Receivables Purchase Agreement. The Administrative Agent is hereby notified of the following Incremental Purchase: Purchase Price: $[______] Date of Purchase: [_______], 20[__] Requested Discount Rate: [LIBO Rate] [Prime Rate] [Pooled Commercial Paper Rate] Please credit the Purchase Price in immediately available funds to our Facility Account [and then wire transfer the Purchase Price in immediately available funds on the above-specified date of purchase to: [Account Name: _______________] [Account No. : _______________] [Bank Name & Address: _______________] [ABA #: _______________] Reference: [ ] Telephone advice to: [Name] @ Tel. No. [( ) ___-____]] Please advise [Name] at telephone number [( ) ___-____] if Company will not be making this purchase. In connection with the Incremental Purchase to be made on the above listed “Date of Purchase” (the “Purchase Date”), the Seller hereby certifies that the following statements are true on the date hereof, and will be true on the Purchase Date (before and after giving effect to the proposed Incremental Purchase):
Yield and Servicing Fee Reserve means, on any date, an amount equal to 1.50% multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date. All accounting terms not specifically defined herein shall be construed in accordance with GAAP. All terms used in Article 9 of the UCC in the State of New York, and not specifically defined herein, are used herein as defined in such Article 9. Exh. II-21 EXHIBIT III FORM OF PURCHASE NOTICE [Date] JPMorgan Chase Bank, N.A., as Administrative Agent 00 X. Xxxxxxxx Chicago, Illinois 60670-0596 Attention: Asset Backed Securities Conduit Group Re: PURCHASE NOTICE Ladies and Gentlemen: Reference is hereby made to the Receivables Purchase Agreement, dated as of October 31, 2007, by and among Xxxxxxx Xxxxxxx Finance Company, LLC, a Delaware limited liability company (the “Seller”), Xxxxxxx Xxxxxxx, Inc., as Servicer, the Financial Institutions, Park Avenue Receivables Company LLC (“Company”), and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Receivables Purchase Agreement”). Capitalized terms used herein shall have the meanings assigned to such terms in the Receivables Purchase Agreement. The Administrative Agent is hereby notified of the following Incremental Purchase: Purchase Price: $[ ] Date of Purchase: [ ], 20[ ]
Yield and Servicing Fee Reserve means, on any date, the sum of the Yield Fee Reserve and the Servicing Fee Reserve on such date.
Yield and Servicing Fee Reserve means, at any time, the product of (i) the sum of (a) the product of (I) the lesser of (x) the Facility Limit and (y) (A) the Net Receivables Balance as of such time (B) minus the Combined Reserve at such time and (II) the sum of (x) the Base Rate at such time and (y) 2.0%, and (b) the product of (I) the Servicing Fee Rate and (II) the aggregate Outstanding Balance of all Receivables, and (ii) the quotient of (a) the product of (x) the highest Days Sales Outstanding for any Monthly Period during the three (3) most recently ended Monthly Periods times (y) 1.2, and (b) 360.
Yield and Servicing Fee Reserve means, at any time, an amount equal to 1.50% multiplied by the Net Receivables Balance at such time. All accounting terms not specifically defined herein shall be construed in accordance with GAAP. All terms used in Article 9 of the UCC in the State of New York, and not specifically defined herein, are used herein as defined in such Article 9. EXHIBIT II FORM OF PURCHASE NOTICE [Date] HSBC Securities (USA) Inc., as Agent and as a Managing Agent 000 Xxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Xxxxxxx Xxxxx PNC Bank, N.A., as a Managing Agent43 Re: PURCHASE NOTICE Ladies and Gentlemen: Reference is hereby made to the Receivables Purchase Agreement, dated as of November 27, 2007, by and among HBI Receivables LLC, a Delaware limited liability company (the “Seller”), Hanesbrands Inc., as Servicer, the Purchasers and Managing Agents party thereto, and HSBC Securities (USA) Inc., as Agent (the “Receivables Purchase Agreement”). Capitalized terms used herein shall have the meanings assigned to such terms in the Receivables Purchase Agreement. The Managing Agents are hereby notified of the following Incremental Purchase: Purchase Price: $[ ] Date of Purchase: [ ], 20[__]
Yield and Servicing Fee Reserve means, at any time, the product of (i) the sum of (a) the product of (I) the lesser of (x) the Facility Limit and(y) (A) the Net Receivables Balance as of such time (B) minus the Combined Reserve at such time and (II) the sum of (x) the Base Rate at such time and(y) 2.0%, and (b) the product of (I) the Servicing Fee Rate and (II) the aggregate Outstanding Balance of all Receivables, and (ii) the quotient of (a) the product of (x) the highest Days Sales Outstanding for any Monthly Period during the three (3) most recently ended Monthly Periods times (y) 1.2, and (b) 360.