Yield Supplement Withdrawal Amount definition
Yield Supplement Withdrawal Amount means, with respect to any Collection Period and the related Deposit Date, the lesser of (a) the amount on deposit in the Yield Supplement Account and (b) the sum of (i) the Yield Supplement Amount and (ii) after giving effect to the withdrawal of the Yield Supplement Amount, the amount by which the amount on deposit in the Yield Supplement Account exceeds the Maximum Yield Supplement Amount.
Yield Supplement Withdrawal Amount means, for any Payment Date, an amount equal to the lesser of (i) the amount of cash or other immediately available funds on deposit in the Yield Supplement Account on such Payment Date and (ii) the aggregate amount by which one month's interest (assuming a thirty-day month) on the Principal Balance of each Yield Supplemented Receivable as of the close of business on the last day of the second Collection Period preceding such Payment Date at the Required Rate exceeds one month's interest (assuming a thirty-day month) on such Principal Balance at the Contract Rate of such Yield Supplemental Receivable.
Yield Supplement Withdrawal Amount means, with respect to any Collection Period and the related Deposit Date, the sum of (i) the Yield Supplement Amount and (ii) after giving effect to the withdrawal of the Yield Supplement Amount, the amount by which the amount on deposit in the Yield Supplement Account exceeds the Maximum Yield Supplement Amount.
Examples of Yield Supplement Withdrawal Amount in a sentence
If the Yield Supplement Withdrawal Amount for any Payment Date is greater than zero, the Indenture Trustee will withdraw, or cause to be withdrawn, from the Yield Supplement Account, an amount equal to the lesser of the amount on deposit in the Yield Supplement Account and the Yield Supplement Account Withdrawal Amount, and transfer the amount withdrawn to the Collection Account on the Deposit Date.
More Definitions of Yield Supplement Withdrawal Amount
Yield Supplement Withdrawal Amount means, with respect to any Collection Period and the related Deposit Date, the lesser of (a) the amount on deposit in the Yield Supplement Account and (b) the sum of (i) the Yield Supplement Amount and (ii) after giving effect to the withdrawal of the Yield Supplement Amount, the amount by which the amount on deposit in the Yield Supplement Account exceeds the Maximum Yield Supplement Amount.] 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.