Yield Supplement Account Deposit definition

Yield Supplement Account Deposit means the initial deposit of cash in the amount of $[_________] made by or on behalf of the Seller into the Yield Supplement Account on the Closing Date.
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Yield Supplement Account Deposit means $_____________.
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Yield Supplement Account Deposit means the initial deposit of cash in the amount of $____________________ made by the Transferor into the Yield Supplement Account on the Closing Date.
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Examples of Yield Supplement Account Deposit in a sentence

  • On the Closing Date, the Seller will deposit the Yield Supplement Account Deposit to the Yield Supplement Account from the net proceeds of the sale of the Notes.

  • Yield Supplement Account Deposit on the Closing Date $21,613,006.43 M.

  • Yield Supplement Account Deposit on the Closing Date $4,745,504.50 M.

  • Yield Supplement Account Deposit on the Closing Date $4,727,920.42 M.

  • Yield Supplement Account Deposit on the Closing Date 6,860,752.89 M.

  • Yield Supplement Account Deposit on the Closing Date $19,429,064.99 M.

  • On each Distribution Date prior to the beginning of the Accumulation Period and prior to the occurrence of an Early Amortization Event, the Trustee shall deposit Non-Principal Collections and Investment Proceeds, if any--to the extent available pursuant to Section 4.6(a)(x)--into the Yield Supplement Account in an amount equal to the Yield Supplement Account Deposit Amount, if any, for that Distribution Date.

  • Yield Supplement Account Deposit on the Closing Date 133,108.39 M.

  • Yield Supplement Account Deposit on the Closing Date 3,878,439.90 M.

  • Yield Supplement Account Deposit on the Closing Date 14,448,157.02 M.


More Definitions of Yield Supplement Account Deposit

Yield Supplement Account Deposit means, with respect to each Subsequent Transfer Date, an amount equal to the Required Yield Supplement Account Balance applicable to such Subsequent Transfer Date minus any amount then on deposit in the Yield Supplement Account.
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Yield Supplement Account Deposit means the initial deposit by the Seller into the Yield Supplement Account on the Closing Date of $715,911 (which amount is equal to the Maximum Yield Supplement Amount as of the Cut-off Date).
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Yield Supplement Account Deposit shall have the meaning specified in the Agreement, which is, as of the Closing Date, the net present value (discounted at the Discount Rate) of the aggregate amount as of the Cutoff Date by which interest on the Principal Balance of each Discount Receivable for the remaining term of such Receivable (assuming no prepayments or delinquencies) at a rate equal to the Required Rate exceeds interest at the APR of such Receivable; provided, that each Yield Supplement Deposit Amount that would result from such aggregate amount and such assumptions shall be discounted at the Discount Rate from the Distribution Date on which such amount would be required to be withdrawn to the Closing Date.
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Yield Supplement Account Deposit means the aggregate amount as of the Cut-off Date by which interest on the Principal Balance of each Discount Receivable for the remaining term of such Receivable (assuming no prepayments or delinquencies) at a rate equal to the Required Rate exceeds interest on such Receivable; provided that such aggregate amount may be discounted at a rate to be specified in the Agreement.
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Yield Supplement Account Deposit means $[__________].
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Related to Yield Supplement Account Deposit

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

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

  • 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).

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

  • 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.

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2022-2) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

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

  • Yield Supplement Amount means, with respect to any Collection Period and the related Deposit Date, the aggregate amount by which one month’s interest on the Principal Balance as of the first day of such Collection Period of each Discount Receivable (other than a Discount Receivable that is a Defaulted Receivable) at a rate equal to the Required Rate, exceeds one month’s interest on such Principal Balance at the APR of each such Receivable.

  • 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).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2022 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Collection Account Control Agreement means the Amended and Restated Collection Account Control Agreement, dated as of the date hereof, among the Borrower, the Servicer, the Administrative Agent and the Collection Account Bank, substantially in the form of Exhibit D-3 hereto, as amended, modified or supplemented from time to time.

  • 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 [*];

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

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

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

  • Reserve Account Deficiency shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(b) of the Sale and Servicing Agreement.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Collection Accounts As defined in Section 3.10(a).