Yield Reserve definition

Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.
Yield Reserve means, at any time of determination, an amount equal to the product of (i) the sum of the Aggregate Capital plus the LC Participation Amount on such date, multiplied by (ii) (x) the Yield Reserve Percentage on such date, divided by (y) 100% minus the Yield Reserve Percentage on such date.
Yield Reserve means, on any date, an amount equal to 1.00% 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 Illinois, and not specifically defined herein, are used herein as defined in such Article 9. Exh. I-27 EXHIBIT II FORM OF PURCHASE NOTICE [Date] JPMorgan Chase Bank, N.A., as Agent Chase Tower 10 South Dearborn Street Chicago, Illinois Attention: Chariot Funding Manager Phone: (312) Fax: (312) Attention: [ABF Treasury] Re: PURCHASE NOTICE Ladies and Gentlemen: Reference is hereby made to the Second Amended and Restated Receivables Purchase Agreement, dated as of March 24, 2006, by and among JWPR Corporation, a Nevada corporation as seller and servicer (the “Seller”), the Purchasers and Managing Agents party thereto and JPMorgan Chase Bank, N.A., as Agent (as amended, restated, supplemented or otherwise modified, 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: The amount of the Purchase Price to be funded by each Purchase Group is as follows: (a) JPMorgan Chase Purchase Group: $ (a) BNS Purchase Group: $ Date of Purchase:

Examples of Yield Reserve in a sentence

At any time other than during an Exception Funding Period, the sum of (i) the Net Pool Balance on such date of calculation multiplied by the greater of (a) the sum of the Loss Reserve Ratio on such date of calculation and the Dilution Reserve Ratio on such date of calculation; and (b) the Minimum Reserve Ratio on such date of calculation; (ii) the Yield Reserve on such date of calculation; and (iii) the Servicing Fee Reserve on such date of calculation (such sum, the “Standard Reserves”).

On the Modification Closing Date under the Third Omnibus Amendment, the former Low Debt Yield Reserve Account shall be renamed the “Working Capital Reserve Account” and will have (after the transfer described in Section 2.12(d) of the Third Omnibus Amendment and the payment of closing costs under this Amendment as described therein), a balance of approximately $10,000,000.

Notwithstanding these differences, BHEF members are united by a common interest: students.

Series Liquidation Yield Reserve Accounts Each Series will entitle the Trust to receive funds deposited to the related Series Liquidation Yield Reserve Account in certain circumstances.

Subject to withdrawals in accordance with Sections 7.8(5) and 7.8(6), amounts deposited into the Series 2019-1 Liquidation Yield Reserve Account for the Series 2019-1 Ownership Interest during the Pre-Liquidation Reserve Period shall be invested by the Custodian, upon the direction of the Servicer, in accordance with Section 7.5.


More Definitions of Yield Reserve

Yield Reserve. Servicing Reserve,” “Servicing Fee Rate,” “Required Reserve” or “Required Reserve Factor Floor” or (H) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (G) above in a manner that would circumvent the intention of the restrictions set forth in such clauses; or
Yield Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.
Yield Reserve means, for any Calculation Period, the product of (a) the highest Day Sales Outstanding Ratio during the 12 months ending with the most recent Calculation Date, (b) the Stress Factor, (c) the Prime Rate as in effect on the most recent Calculation Date and (d) 1/360.
Yield Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360. 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 Amerisource Receivables Financial Corporation PURCHASE NOTICE dated _____, 20___ for Purchase on _____, 20___ Wachovia Bank, National Association, as Administrator 191 Peachtree Street, N.E., GA-8047 Atlanta, Georgia 30303 Attention: Cecil Noble, Fax No. (404) 332-5152 [Address to each Purchaser Agent] Ladies and Gentlemen: Reference is made to the Receivables Purchase Agreement dated as of July 10, 2003 (as amended, supplemented or otherwise modified from time to time, the “Agreement”) among Amerisource Receivables Financial Corporation (the “Seller”), AmerisourceBergen Drug Corporation, as initial Servicer, the various Purchaser Groups from time to time party thereto, and Wachovia Bank, National Association, as Administrator. Capitalized terms defined in the Agreement are used herein with the same meanings.
Yield Reserve for any Calculation Period means an amount equal to the product of (a) the Net Investment as of the most recent Month End Date, (b) 1.5, (c) the Base Rate and (d) the quotient, expressed as a percentage, of (i) 2.00 multiplied by the Days Sales Outstanding divided by (ii) 360. SCHEDULE III (Settlement Procedures) Sections 2.12 through 2.15 of the Agreement shall be read in their entirety as follows:
Yield Reserve for any Receivable Interest at any time means the sum of (a) the then accrued and unpaid Yield for such Receivable Interest and (b) an amount equal to the product of (i) a stress factor of 2.25, (ii) the Capital of such Receivable Interest on such date, (iii) the Alternate Base Rate for such Receivable Interest for a 30-day Fixed Period deemed to commence on such date and (iv) a fraction having Days Sales Outstanding as its numerator and 360 as its denominator.
Yield Reserve means, as of any date of determination, an amount equal to (a) the product of (i) the Stress Factor times (ii) the Days Sales Outstanding in effect on such date times (iii) the sum of the Base Rate in effect on such date (as determined by the Agent) plus 2%, divided by (b) 360, multiplied by (c) the Net Pool Balance on such date.