Yield Supplement Agreement Sample Clauses

Yield Supplement Agreement. Simultaneously with the execution of this Agreement, the Seller conveyed the Yield Supplement Agreement to the Trust as part of the Trust Property and has deposited the Yield Supplement Initial Deposit into the Yield Supplement Account. The Yield Supplement Agreement, with respect to each Receivable (other than Purchased Receivables and Defaulted Receivables), provides for the payment by the Seller on or prior to each Deposit Date of an amount (if positive) calculated by the Servicer equal to one-twelfth of the difference between (i) the sum of interest on the Class A Percentage of such Receivable's Principal Balance as of the first day of the related Collection Period at a rate equal to the sum of the Class A Pass-Through Rate and the Basic Servicing Fee Rate and interest on the Class B Percentage of such Receivable's Principal Balance as of the first day of the related Collection Period at a rate equal to the sum of the Class B Pass-Through Rate and the Basic Servicing Fee Rate and (ii) interest on such Receivable's Principal Balance as of the first day of the related Collection Period at a rate equal to the Contract Rate (in the aggregate for all Receivables with respect to any Distribution Date, the "YIELD SUPPLEMENT AMOUNT").
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Yield Supplement Agreement. Simultaneously with the execution of this Agreement, the Depositor shall convey the Yield Supplement Agreement to the Trust as part of the Trust Property. The Yield Supplement Agreement, with respect to each Receivable (other than Repurchased Receivables and Defaulted Receivables), provides for the payment by the Depositor, to the extent of the funds available in the Yield Supplement Account, on or prior to each Deposit Date of an amount (if positive) calculated by the Servicer equal to one-twelfth of the difference between (i) interest on such Receivable's Principal Balance as of the first day of the preceding Collection Period calculated at a rate equal to the sum of the weighted average of the Class A Pass-Through Rate and the Class B Pass-Through Rate and the Servicing Fee Rate over (ii) interest accrued on such Receivable's Principal Balance as of the first day of the preceding Collection Period at its Contract Rate (in the aggregate for all Receivables with respect to any Payment Date, the "Yield Supplement Amount").
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Yield Supplement Agreement. 37 Section 8.2 Yield Supplement Account....................................37
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Yield Supplement Agreement. Simultaneously with the execution of this Agreement, the Seller conveyed the Yield Supplement Agreement to the Trust as part of the Trust Property and has deposited the Yield Supplement Initial Deposit into the Yield Supplement Account. The Yield Supplement Agreement, with respect to each Receivable (other than Purchased Receivables and Liquidating Receivables), provides for the payment by the Seller on or prior to each Deposit Date of an amount (if positive) calculated by the Servicer equal to [INSERT CALCULATION OF YIELD SUPPLEMENT AMOUNT] (the "YIELD SUPPLEMENT AMOUNT").
Sample 1
Yield Supplement Agreement. (a) On or prior to the Closing Date, the Trustee shall enter into the Yield Supplement Agreement with the Yield Supplement Counterparty for the benefit of the Certificateholders. The Trustee shall notify the Yield Supplement Counterparty in writing not later than two Business Days prior to each related Payment Date, by sending a notice in the form of Exhibit X attached hereto specifying (i) LIBOR for such Accrual Period, as determined by the Trustee (ii) the Class A-1F Principal Balance as of the close of business on the first such day of such Accrual Period and (iii) the number of days in such Accrual Period. (b) In the event that any payments are received by the Trustee pursuant to the Yield Supplement Agreement, the Trustee shall deposit such amounts, immediately upon receipt, into the Yield Supplement Sub-Account. (c) Subject to the terms of this Agreement (including without limitation the protections and benefits of Article XII hereof), the Trustee shall enforce and comply with its obligations under the Yield Supplement Agreement, including without limitation enforcement of the Trustee's rights and remedies upon any Yield Supplement Agreement Event of Default or Yield Supplement Agreement Termination Event. (d) Upon the occurrence of a Yield Supplement Agreement Event of Default or Yield Supplement Agreement Termination Event, if the Servicer in the exercise of its reasonable judgment determines that such action would be in the best interest of Certificateholders, the Servicer shall direct the Trustee in writing to terminate the Yield Supplement Agreement, and the Trustee shall thereupon proceed promptly to terminate the Yield Supplement Agreement in accordance with its terms and shall hold all termination payments received by it from the Yield Supplement Counterparty (collectively, the "Termination Amount") in a segregated account in trust for the benefit of Certificateholders. In connection with a termination of the Yield Supplement Agreement, the Servicer shall use reasonable efforts to identify a suitable successor yield supplement counterparty and to negotiate a new yield supplement agreement on behalf of the Trust having substantially similar terms as those set forth in the terminated Yield Supplement Agreement; provided that the fee payable to the new yield supplement counterparty shall in no event exceed the Termination Amount. In such event, the Servicer shall direct the Trustee to enter into the new yield supplement agreement with the new yi...
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Related to Yield Supplement Agreement

  • Note Purchase Agreement The conditions precedent to the obligations of the Applicable Pass Through Trustees and the other requirements relating to the Aircraft and the Equipment Notes set forth in the Note Purchase Agreement shall have been satisfied.

  • AMENDMENT AGREEMENT The Global Custody Agreement of January 3, 1994, (the “Custody Agreement”), as amended from time to time, by and between each of the Entities listed in Schedule A, as amended thereto, severally and not jointly (each such entity referred to hereinafter as the “Customer”) and JPMorgan Chase Bank, whose contracts have been assumed by JPMORGAN CHASE BANK (the “Bank”) is hereby further amended, as of December 14, 2005 (the “Amendment Agreement”). Terms defined in the Custody Agreement are used herein as therein defined.

  • Amendments of Sale and Servicing Agreement and Trust Agreement The Issuer shall not agree to any amendment to Section 9.01 of the Sale and Servicing Agreement or Section 11.01 of the Trust Agreement to eliminate the requirements thereunder that the Indenture Trustee or the Noteholders consent to amendments thereto as provided therein.

  • Amendments to Note Purchase Agreement Subject to the satisfaction of the conditions precedent set forth herein and in reliance on the representations, warranties and covenants of the Companies set forth herein and in the Note Purchase Agreement, each party hereto hereby agrees that the Note Purchase Agreement be and hereby is, amended as follows:

  • Financing Agreement This Amendment shall constitute a Financing Agreement.

  • Servicing Agreement General Summary The Sellers and the Purchasers intend this Agreement to amend and restate that certain “Servicing Agreement,” dated March 23, 2021, for purposes of the Purchase Agreement and wish to set forth herein the terms upon which each Purchaser will, to the fullest extent permitted by applicable Law and the applicable Corporate Trust Contract, and subject to the applicable provisions of this Agreement, assume the responsibility (as agent of the applicable Seller) to supervise, manage, administer and otherwise discharge the duties of the applicable Seller in a Corporate Trust Capacity under (a) any Restricted Appointment and (b) any Excluded Appointment (collectively, the “Serviced Appointments”), and the Purchasers will discharge and perform when due, and indemnify the Sellers for, the Assumed Servicing Liabilities.

  • Receivables Purchase Agreement The Transferor, in its capacity as purchaser of Receivables from the RPA Seller under the Receivables Purchase Agreement, shall enforce the covenants and agreements of the RPA Seller as set forth in the Receivables Purchase Agreement, including its agreement to designate Additional Accounts as and when required in order for the Transferor to fulfill its undertakings in Section 2.06. The Transferor shall not amend, waive or otherwise modify the Receivables Purchase Agreement except in accordance with its terms.

  • Reimbursement Agreement The Sponsor entered into an Expense Reimbursement Agreement (“Reimbursement Agreement”) substantially in the form annexed as an exhibit to the Registration Statement pursuant to which the Sponsor has committed to fund the Company up to $1,750,000 for the Company’s expenses relating to investigating and selecting a target business and other working capital requirements prior to an initial Business Combination.

  • Term of Agreement; Amendment; Assignment A. This Agreement shall become effective with respect to each Fund listed on Exhibit A hereof as of the date hereof and, with respect to each Fund not in existence on that date, on the date an amendment to Exhibit A to this Agreement relating to that Fund is executed. Unless sooner terminated as provided herein, this Agreement shall continue in effect for two years from the date hereof. Thereafter, if not terminated, this Agreement shall continue in effect automatically as to each Fund for successive one-year periods, provided such continuance is specifically approved at least annually by: (i) the Trust’s Board, or (ii) the vote of a “majority of the outstanding voting securities” of a Fund, and provided that in either event, the continuance is also approved by a majority of the Trust’s Board who are not “interested persons” of any party to this Agreement, by a vote cast in person at a meeting called for the purpose of voting on such approval. B. Notwithstanding the foregoing, this Agreement may be terminated, without the payment of any penalty, with respect to a particular Fund: (i) through a failure to renew this Agreement at the end of a term, (ii) upon mutual consent of the parties, or (iii) upon not less than 60 days’ written notice, by either the Trust upon the vote of a majority of the members of its Board who are not “interested persons” of the Trust and have no direct or indirect financial interest in the operation of this Agreement, or by vote of a “majority of the outstanding voting securities” of a Fund, or by the Distributor. The terms of this Agreement shall not be waived, altered, modified, amended or supplemented in any manner whatsoever except by a written instrument signed by the Distributor and the Trust. If required under the 1940 Act, any such amendment must be approved by the Trust’s Board, including a majority of the Trust’s Board who are not “interested persons” of any party to this Agreement, by a vote cast in person at a meeting for the purpose of voting on such amendment. In the event that such amendment affects the Advisor, the written instrument shall also be signed by the Advisor. This Agreement will automatically terminate in the event of its “assignment.” C. As used in this Section, the terms “majority of the outstanding voting securities,” “interested person,” and “assignment” shall have the same meaning as such terms have in the 1940 Act. D. Sections 7 and 8 shall survive termination of this Agreement.

  • Amending Agreement The Trustees are directed to amend the Trust Agreement or the Pension Plan to be consistent with the provisions of this Agreement. The Trustees shall have discretion in acting on claims for benefits under the plan subject to review only in accordance with the arbitrary and capricious standard.

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