Definition of Yield Supplement Overcollateralization Amount


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 specified on the Yield Supplement Overcollateralization Schedule for such date. The Yield Supplement Overcollateralization Amount has been calculated for the Closing Date and each Payment Date as the sum for each Receivable of the amount (not less than zero) equal to:

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.

Examples of Yield Supplement Overcollateralization Amount in a sentence

Based on the Prepayment Assumption and the Cumulative Loss Assumption, the Pool Balance minus the outstanding amount of all of the issued securities minus the Yield Supplement Overcollateralization Amount plus the amount on deposit in the Reserve Account will increase to 1% of the Pool Balance as of the twelfth month after issuance.
Under the Prepayment Assumption and a loss assumption equal to three times the Cumulative Loss Assumption, the Yield Supplement Overcollateralization Amount is reasonably expected to be required to be used to pay interest only up to approximately US $70,725,467.68 and is not reasonably be expected to be used to pay any principal on the Class A Notes, the Class B Notes and the Class C Notes.
A component of the targeted overcollateralization, the Yield Supplement Overcollateralization Amount (the “Yield Supplement Overcollateralization Amount” or “YSOA”), is designed to achieve a desired level of excess spread, taking into account Receivables having below-market interest rates.2 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.
Adjusted Pool Balance" as of any date is equal to the Pool Balance less the Yield Supplement Overcollateralization Amount as of such date.
Yield Supplement Overcollateralization Amount" for each Receivable for each Collection Period is the excess, if any, of the present value of the payments on such Receivable for each future Collection Period discounted at the APR of the Receivable over the present value of such payments discounted at a fixed rate, assuming that future payments on the Receivables are made without any delays, defaults or prepayments.



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 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 each Payment Date, the aggregate amount by which (i) the Principal Balance, as of the last day of the related Collection Period (or, in the case of the first Payment Date, the Cutoff Date) of each Receivable (other than a Liquidated Receivable) 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 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, for any Payment Date, the amount specified on Schedule C for such Payment Date.

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

Yield Supplement Overcollateralization Amount means, for the Closing Date and each Acquisition Date, an amount calculated as the sum of the Yield Amounts for all Receivables with an APR as stated in the related device payment plan agreement of less than 9.10%.

Yield Supplement Overcollateralization Amount means, with respect to any Distribution Date and the related Collection Period (or any day in such Collection Period), the