Yield Maintenance Account Initial Deposit definition

Yield Maintenance Account Initial Deposit means an amount equal to [the aggregate amount by which (i) the aggregate amount of interest that would accrue on the Principal Balance of each Receivable that is an asset of the Trust Estate (as defined in the Indenture) or, following the termination of the Indenture or other release of the Trust Estate from the lien thereof, the Owner Trust Estate (as defined in the Trust Agreement), for the period commencing on the last day of the first Collection Period and ending on the last day of the Collection Period during which such Receivable is scheduled to mature if such Receivable bore interest at the Required Rate (assuming that all subsequent payments on such Receivable are made as scheduled and no prepayments are made in respect thereof) exceeds (ii) the aggregate amount of interest that would accrue thereon for the same period at the related APR][or specify other formula][specify discounting factors].
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Yield Maintenance Account Initial Deposit means an amount equal to [the aggregate amount by which (i) the aggregate amount of interest that would accrue on the Principal Balance of each Receivable that is an asset of the Trust for the period commencing on the last day of the first Collection Period and ending on the last day of the Collection Period during which such Receivable is scheduled to mature if such Receivable bore interest at the Required Rate (assuming that all subsequent payments on such Receivable are made as scheduled and no prepayments are made in respect thereof) exceeds (ii) the aggregate amount of interest that would accrue thereon for the same period at the related APR][or specify other formula][specify discounting factors].
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Examples of Yield Maintenance Account Initial Deposit in a sentence

  • The [Seller hereby acknowledges][third party, pursuant to the Collateral Security Agreement and the Yield Maintenance Agreement], has acknowledged] that the Yield Maintenance Account Initial Deposit, all Additional Yield Maintenance Amounts and any investment earnings thereon are owned directly by it, and the [Seller hereby agrees][third party has thereunder agreed] to treat the same as its assets (and earnings) for federal income tax and all other purposes.

  • On or prior to the Closing Date, the Seller [or third party] shall deposit an amount equal to the Yield Maintenance Account Initial Deposit into the Yield Maintenance Account.

  • The Receivables Purchase Price shall be paid in the form of (i) $ , the net cash proceeds from the public offering by the Purchaser of the Certificates (less amounts retained to pay expenses of the Purchaser and to fund the Reserve Fund Initial Deposit and the Yield Maintenance Account Initial Deposit), and (ii) $ , evidenced by a non-recourse promissory note.

  • The Receivables Purchase Price shall be paid in the form of (i) $o, the net cash proceeds from the public offering by the Purchaser of the Certificates (less amounts retained to pay expenses of the Purchaser and to fund the Reserve Fund Initial Deposit and the Yield Maintenance Account Initial Deposit), and (ii) $o evidenced by a non-recourse promissory subordinated note.

  • The Receivables Purchase Price shall be paid in the form of (i) $-, the net cash proceeds from the public offering by the Purchaser of the Certificates (less amounts retained to pay expenses of the Purchaser and to fund the Reserve Fund Initial Deposit and the Yield Maintenance Account Initial Deposit), and (ii) $- evidenced by a non-recourse promissory subordinated note.

Related to Yield Maintenance Account Initial Deposit

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Yield Maintenance Account The separate trust account maintained and held by the Trustee pursuant to Section 3.16, which account shall bear a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Trust on behalf of the Class A Certificateholders, and which account provides that the Trustee may make, or cause to be made, withdrawals therefrom in accordance with Section 3.16.

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Capitalized Interest Account Initial Deposit means $1,022,277.35 deposited on the Closing Date.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Initial Reserve Account Deposit means $3,000,000.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $3,807,950.53.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Initial Reserve Account Deposit Amount means an amount equal to $29,411,740.05.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Interest Reserve Account As defined in Section 3.4(d).

  • Required Reserve Fund Deposit With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Aggregate Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date; provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.