Yield Supplement Overcollateralization Amount definition

Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

Yield Supplement Overcollateralization Amount means, for the Closing Date and each Payment Date, the amount stated on the Yield Supplement Overcollateralization Schedule for that date, calculated as the sum for each Receivable of the amount (not less than zero) equal to:

Yield Supplement Overcollateralization Amount means with respect to any calendar month and the related Distribution Date, or with respect to the Cutoff Date, the aggregate amount by which the Principal Balance as of the last day of such calendar month or the Cutoff Date, as applicable, of each of the related Receivables with an Annual Percentage Rate as stated in the related Contract is less than the Required Rate, other than a Liquidated Receivable, exceeds the present value, calculated using a discount rate equal to the Required Rate, of each Scheduled Receivables Payment of each such Receivable assuming such Scheduled Receivables Payment is made on the last day of each month and each month has thirty (30) days.

Examples of Yield Supplement Overcollateralization Amount in a sentence

• YSOA = For each payment date, the amount set forth in the table under "Yield Supplement Overcollateralization Amount".

• The "Yield Supplement Overcollateralization Amount" for each Receivable for each Collection Period is the excess, if any, of the present value of the scheduled payments due on such Receivable for each future Collection Period discounted at the APR of the Receivable over the present value of such scheduled payments discounted at 10.00%, assuming that future scheduled payments on the Receivables are made on their scheduled due dates without any delays, defaults or prepayments.

• A portion of the Initial Pool Balance, equal to approximately $150,574,428 (the "Yield Supplement Overcollateralization Amount" or "YSOA") is intended to compensate for receivables having below-market interest rate and to provide cash flow from which the Class D Certificates will be paid.1 To the extent that the YSOA is needed to pay interest on the Notes, the overcollateralization that it represents will not be available to cover losses and other shortfalls in the amounts available to pay the Notes.

• A portion of the Initial Pool Balance, equal to approximately $158,273,000 (the "Yield Supplement Overcollateralization Amount" or "YSOA") is intended to compensate for receivables having below-market interest rate and to provide cash flow from which the Class D Certificates will be paid.1 To the extent that the YSOA is needed to pay interest on the Notes, the overcollateralization that it represents will not be available to cover losses and other shortfalls in the amounts available to pay the Notes.

• A portion of the Initial Pool Balance, equal to $67,790,160.93 (the "Yield Supplement Overcollateralization Amount" or "YSOA") is intended to compensate for receivables having below-market interest rate.1 This mechanism, of course, reduces the overcollateralization available to cover losses and other shortfalls in the amounts available to pay the Notes.

More Definitions of Yield Supplement Overcollateralization Amount

Yield Supplement Overcollateralization Amount means with respect to any Payment Date, the dollar amount set forth next to such Payment Date on Schedule B hereto.

Yield Supplement Overcollateralization Amount means with respect to any Payment Date, the dollar amount set forth next to such Payment Date on Schedule B to the Sale and Servicing Agreement. The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms. Unless otherwise inconsistent with the terms of this Agreement, all accounting terms used herein shall be interpreted, and all accounting determinations hereunder shall be made, in accordance with GAAP. Amounts to be calculated hereunder shall be continuously recalculated at the time any information relevant to such calculation changes.

Yield Supplement Overcollateralization Amount means, with respect to any Payment Date and the related Collection Period (or any day in such Collection Period), the aggregate amount by which the Principal Balance of each Receivable (other than a Defaulted Receivable or a Purchased Receivable) as of the last day of such Collection Period, exceeds the present value of all remaining Monthly Payments, calculated using the Discount Rate and assuming that all such Monthly Payments are made on the last day of each Collection Period and that each Collection Period has 30 days. The Yield Supplement Overcollateralization Amount for each Payment Date shall equal the amount set forth below:

Yield Supplement Overcollateralization Amount means, with respect to any Collection Period and the related Payment Date, or with respect to the Cutoff Date, the aggregate amount by which the Principal Balance as of the last day of such Collection Period or the Cutoff Date of each of the related Receivables with a Contract Rate of less than the Required Rate, other than a Defaulted Receivable, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

Yield Supplement Overcollateralization Amount means, (a) with respect to the Closing Date, the aggregate amount by which (1) the Principal Balance, as of the Cutoff Date, of each Receivable (other than any Liquidated Receivables and, if applicable, any FDIC Receivables) with an APR of less than the Required Rate exceeds (2) the present value (calculated using a discount rate equal to the Required Rate) of the sum of the Scheduled Payments due on each such Receivable, assuming that (x) all such Scheduled Payments are made on the last day of each month and (y) each month has 30 days, or (b) with respect to each Payment Date, the aggregate amount by which (i) the Principal Balance, as of the last day of the related Collection Period, of each Receivable (other than any Liquidated Receivables and, if applicable, any FDIC Receivables) with an APR of less than the Required Rate exceeds (ii) the present value (calculated using a discount rate equal to the Required Rate) of the sum of the Scheduled Payments due on each such Receivable, assuming that (x) all such Scheduled Payments are made on the last day of each month and (y) each month has 30 days.

Yield Supplement Overcollateralization Amount means, with respect to any Distribution Date, the amount specified on the Yield Supplement Overcollateralization Schedule with respect to such Distribution Date.

Yield Supplement Overcollateralization Amount means with respect to any Payment Date, the dollar amount set forth next to such Payment Date on Schedule B to the Sale and Servicing Agreement. The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms. Unless otherwise inconsistent with the terms of this Agreement, all accounting terms used herein shall be interpreted, and all accounting determinations hereunder shall be made, in accordance with GAAP. Amounts to be calculated hereunder shall be continuously recalculated at the time any information relevant to such calculation changes. Appendix A-25 (2017-A Sale and Servicing Agreement)