Yield Supplement Amount definition

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.

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Yield Supplement Amount means, with respect to any Distribution Date, the aggregate amount on deposit in the Yield Supplement Account after giving effect to the withdrawal therefrom of the related Yield Supplement Deposit and without regard to any amounts on deposit therein in respect of interest or investment earnings earned on the investment of amounts on deposit therein in Eligible Investments for any period.

Yield Supplement Amount means, with respect to any Payment Date, the sum of all Receivable Yield Supplement Amounts for the related Collection Period.

Examples of Yield Supplement Amount in a sentence

• The Required Yield Supplement Amount may decline as a result of prepayments or repayments in full of the Receivables.

• On the Closing Date, the Seller shall deposit an amount equal to the Initial Yield Supplement Amount into the Yield Supplement Account from the net proceeds of the sale of the Notes.

• On each Distribution Date, if the amount on deposit in the Yield Supplement Account (after giving effect to all deposits thereto or withdrawals therefrom on such Distribution Date) is greater than the Required Yield Supplement Amount, the Relevant Trustee will deposit such excess into the Collection Account for distribution by the Relevant Trustee in accordance with the terms of Section 5.06(c).

• The Relevant Trustee shall have no duty or liability to determine the Required Yield Supplement Amount and may fully rely on the determination thereof by the Servicer.

• Upon receipt of a request for a draw by the Indenture Trustee under the Yield Supplement Letter of Credit, the Letter of Credit Bank is to promptly make a payment to the Indenture Trustee in an amount equal to the Yield Supplement Amount (minus payments made on the Yield Supplement Agreement), and the Indenture Trustee shall deposit into the Collection Account pursuant to Section 4.5(a) the amount received from the Letter of Credit Bank in respect of such drawing.

More Definitions of Yield Supplement Amount

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.

Yield Supplement Amount. For any Distribution Date and Class of Covered Certificates, on or prior to the applicable Corridor Contract Termination Date, on which LIBOR exceeds the applicable Strike Rate, the related Yield Supplement Amount will equal an amount equal to interest for the related Interest Accrual Period on the Class Certificate Balance of the applicable Class of Covered Certificates immediately prior to such Distribution Date at a rate equal to the excess of (i) the lesser of LIBOR and the applicable Ceiling Rate over (ii) the applicable Strike Rate.

Yield Supplement Amount. For any Distribution Date and Class of Covered Certificates on or prior to the applicable Corridor Contract Termination Date, interest for the related Interest Accrual Period on the Class Certificate Balance of such Class of Covered Certificates immediately prior to such Distribution Date at a rate equal to the excess, if any, of (i) the lesser of LIBOR and the applicable Ceiling Rate over (ii) the applicable Strike Rate.

Yield Supplement Amount. Not applicable.

Yield Supplement Amount. The Class I-A-1 Yield Supplement Amount or the Class I-A-3 Yield Supplement Amount, as the context may require.

Yield Supplement Amount. Wi▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ ▇-▇-▇ and Class 2-A-8 Certificates and any Distribution Date on or prior to the applicable Corridor Contract Termination Date, on which LIBOR exceeds 5.35%, an amount equal to interest for the related Interest Accrual Period on the aggregate Class Certificate Balance of the Class 2-A-1 and Class 2-A-8 Certificates immediately prior to such Distribution Date at a rate equal to the excess of (i) the lesser of LIBOR and 9.10% over (ii) 5.35%.

Yield Supplement Amount. For any Distribution Date on or prior to the Corridor Contract Termination Date on which the LIBOR exceeds 5.50%, the lesser of (a) the Class Certificate Balance of the Class I-A-1 Certificates immediately prior to such Distribution Date and (b) the Corridor Contract Notional Amount for such Distribution Date, multiplied by a rate equal to one twelfth of the excess of (i) the lesser of LIBOR and 9.00% over (ii) 5.50%.