Common use of Yield Supplement Agreement Clause in Contracts

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").

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 AMOUNTYield Supplement Amount").