YSOC Amount means, (i) as of the Closing Date, $[ ], and (ii) thereafter, with respect to any Collection Period and the related Distribution Date, the aggregate amount by which the Principal Balance as of the last day of such Collection Period of each Receivable (other than a Receivable that is a non-collectible Receivable, a Defaulted Receivable or a Repurchased Receivable), exceeds the present value of each scheduled payment of each such Receivable assuming the discount rate of such Receivable is the greater of the Required Rate or the Receivable’s contract rate and that such scheduled payments (assumed to be equal monthly payments that amortize the Principal Balance of the Receivable to zero, using its contract rate, over the remaining term of the contract) are made on the last day of each month and each month has 30 days.]
YSOC Amount means, with respect to any Collection Period and the related Distribution Date, the aggregate amount by which the principal balance as of the last day of such Collection Period of each Receivable (other than a Receivable that is a non-collectible or a Defaulted Receivable, an Administrative Receivable or a Warranty Receivable), exceeds the present value of each scheduled payment of each such Receivable assuming the discount rate of such Receivable is the greater of the Required Rate or the Receivable’s contract rate and that such scheduled payments (assumed to be equal monthly payments that amortize the principal balance of the Receivable to zero, using its contract rate, over the remaining term of the contract) are made on the last day of each month and each month has 30 days.
YSOC Amount means, with respect to each Payment Date, an amount equal to the dollar amount set forth next to such Payment Date on Exhibit D to the 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.
Examples of YSOC Amount in a sentence
Overcollateralization Overcollateralization represents the amount by which the aggregate principal balance of the receivables held by the issuing entity less the YSOC Amount exceeds the aggregate outstanding amount of the notes.
For purposes of the YSOC Amount Schedule set forth below, the Required Rate is assumed to be 3.50%.YSOC Amount Schedule The actual characteristics and performance of the Receivables will differ from the assumptions used in constructing the ABS Table.
Overcollateralization as of the closing date is expected to be approximately 2.25% of the aggregate starting principal balance of the receivables less the YSOC Amount as of the cutoff date.
Pool Information Beginning of Period* End of PeriodWeighted average APR4.64%4.63%Weighted average Remaining Term41 Months40 MonthsNumber of Receivables Outstanding44,63043,566Pool Balance$ 650,550,921.75$ 622,083,755.41Adjusted Pool Balance (Pool Balance ‐ YSOC Amount)$ 636,300,090.75$ 608,515,514.41Pool Factor0.81478460.7791308 VII.
By comparing space use prior to the project and space use as a result of the project, the college and District will be able to align physical resource planning with institutional and financial planning and ensure that capital projects support institutional improvement goals and the effective utilization of physical resources.
More Definitions of YSOC Amount
YSOC Amount means, with respect to each Payment Date, the product of 4.50% and the Pool Balance as of the last day of the related Collection Period. 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.
YSOC Amount means, with respect to any calendar month 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 calendar month or the cutoff date of each of the related receivables with an annual percentage rate as stated in the related contract of less than the Required Rate, other than a Defaulted Receivable, exceeds the present value, calculated using a discount rate of the Required Rate, of each scheduled payment of each such receivable assuming such scheduled payment is made on the last day of each month and each month has 30 days.
YSOC Amount means, with respect to each Payment Date, an amount equal to the sum of the amount for each Receivable equal to the excess, if any, of (x) the scheduled payments due on the Receivable for each future Collection Period discounted to present value as of the end of the preceding Collection Period at the APR of that Receivable over (y) the scheduled payments due on the Receivable for each future Collection Period discounted to present value as of the end of the preceding Collection Period at a discount rate equal to the greater of the APR of that Receivable and [ ]%.] 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.
YSOC Amount means, (i) as of the Closing Date, $25,439,844.30, and (ii) thereafter, with respect to any Collection Period and the related Distribution Date, the aggregate amount by which the Principal Balance as of the last day of such Collection Period of each Receivable (other than a Receivable that is a non-collectible or a Defaulted Receivable, an Administrative Receivable or a Warranty Receivable), exceeds the present value of each scheduled payment of each such Receivable assuming the discount rate of such Receivable is the greater of the Required Rate or the Receivable’s contract rate and that such scheduled payments (assumed to be equal monthly payments that amortize the Principal Balance of the Receivable to zero, using its contract rate, over the remaining term of the contract) are made on the last day of each month and each month has 30 days. 22 (Nissan 2013-C Sale and Servicing Agreement)
YSOC Amount means (other than with respect to the initial YSOC Amount, which was calculated based on the statistical pool), with respect to any Collection Period and the related Distribution Date, the aggregate amount by which the principal balance as of the last day of such Collection Period of each Receivable (other than a Receivable that is a non-collectible or Defaulted Receivable or a Receivable that has been purchased by the Servicer or repurchased by the Depositor due to certain breaches), exceeds the present value of each scheduled payment of each such Receivable assuming the discount rate of such Receivable is the greater of the Required Rate or the Receivable’s contract rate and that such scheduled payments (assumed to be equal monthly payments that amortize the principal balance of the Receivable to zero, using its contract rate, over the remaining term of the contract) are made on the last day of each month and each month has 30 days.
YSOC Amount means, with respect to any Collection Period and the related Payment Date, the aggregate amount by which the Amount Financed as of the last day of such Collection Period of each Discount Receivable (other than a Discount Receivable that is a Defaulted Receivable or a Repurchased Receivable), exceeds the present value (calculated at the Required Rate) of each scheduled payment of each such Discount Receivable assuming such scheduled payment is made on the last day of each month and each month has 30 days. 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. Definitions (2006-G1)
YSOC Amount means, with respect to each Payment Date, the product of 1.25% and the Pool Balance as of the last day of the related Collection Period.