Calculation of Yield. On the third (3rd) Business Day immediately preceding each Yield Payment Date, each Managing Agent shall calculate its Purchaser Group’s aggregate amount of Yield in respect of the Capital associated with all Purchaser Interests of each related Conduit for the applicable Accrual Period and shall notify the Seller of such amount.
Appears in 3 contracts
Samples: Securitization Property Servicing Agreement (Consumers Energy Co), Securitization Property Servicing Agreement (Consumers Energy Co), Receivables Purchase Agreement (CMS Energy Corp)
Calculation of Yield. On the third (3rd) Business Day immediately preceding each Yield Payment Settlement Date, each Managing Agent shall calculate its Purchaser Group’s aggregate amount of Yield (for all Capital funded by any Conduit or Financial Institution in respect of the Capital associated with all such Managing Agent’s Purchaser Interests of each related Conduit Group) for the applicable Accrual Settlement Period and shall notify the Seller of such aggregate amount.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (LKQ Corp), Receivables Purchase Agreement (LKQ Corp)
