Yield Supplement Overcollateralization Amount definition
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.