Common use of Yield Payments Clause in Contracts

Yield Payments. On each Yield Payment Date for each Purchaser Interest of the Financial Institutions, the Seller shall pay to each Managing Agent for the benefit of the Financial Institutions in its Purchaser Group an aggregate amount equal to the accrued and unpaid Yield for the entire Tranche Period of such Purchaser Interest in accordance with Article II.

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)

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Yield Payments. On each Yield Payment Date for each Purchaser Interest of the Financial Institutions, the Seller shall pay to each Managing the Administrative Agent (for the benefit of the Financial Institutions in its Purchaser Group Institutions) an aggregate amount equal to the accrued and unpaid Yield for the entire Tranche Period of such Purchaser Interest in accordance with Article II.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (CMS Energy Corp), Receivables Purchase Agreement (CMS Energy Corp)

Yield Payments. (a) On each Yield Payment the Settlement Date for each Purchaser Interest of the Financial InstitutionsInstitutions (other than the Financial Institutions in the Fifth Third Purchaser Group), the Seller shall pay to each the related Managing Agent for the benefit of the Financial Institutions Purchasers in its Purchaser Group an aggregate amount equal to the accrued and unpaid Yield for the entire Tranche Period of each such Purchaser Interest in accordance with Article II.

Appears in 1 contract

Samples: Assignment Agreement (Timken Co)

Yield Payments. (a) On each Yield Payment the Settlement Date for each Purchaser Interest of the Financial InstitutionsInstitutions (other than the Financial Institutions in the SunTrust Purchaser Group), the Seller shall pay to each the related Managing Agent for the benefit of the Financial Institutions Purchasers in its Purchaser Group an aggregate amount equal to the accrued and unpaid Yield for the entire Tranche Period of each such Purchaser Interest in accordance with Article II.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Timken Co)

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Yield Payments. On each Yield Payment the Settlement Date for each Purchaser Interest of the Financial Institutions, the Seller shall pay to each the related Managing Agent for the benefit of the Financial Institutions Purchasers in its Purchaser Group an aggregate amount equal to the accrued and unpaid Yield for the entire Tranche Period of each such Purchaser Interest in accordance with Article II.”

Appears in 1 contract

Samples: Receivables Purchase Agreement (Timken Co)

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