Maximum Yield Supplement Amount definition

Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of: 0.25%) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.
Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of 2.5%) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.
Maximum Yield Supplement Amount for each Receivable means an amount equal to the difference (if positive) between (a) the present value of the scheduled and unpaid payments on the Receivable discounted monthly at an annual rate equal to the Initial Cutoff Date APR or the Subsequent Cutoff Date APR, as applicable, minus (b) the present value of the scheduled and unpaid payments on the Receivable discounted monthly at an annual rate equal to its individual APR.

Examples of Maximum Yield Supplement Amount in a sentence

  • On each Payment Date for any Receivable that has either defaulted or prepaid, the Servicer will instruct the Indenture Trustee to withdraw from the Yield Supplement Account and deposit into the Collection Account an amount equal to the Maximum Yield Supplement Amount for such Receivable, as calculated immediately prior to such default or prepayment.

  • The "Maximum Yield Supplement Amount" for each Receivable is equal to the difference (if positive) between (A) the present value of the scheduled and unpaid payments on the Receivable discounted monthly at an annual rate equal to the Initial Cutoff Date APR or the Subsequent Cutoff Date APR, as applicable, minus (B) the present value of the scheduled and unpaid payments on the Receivable discounted monthly at an annual rate equal to its individual APR.

  • The amount initially deposited in the Yield Supplement Account by the Seller together with the aggregate amount transferred from the Pre-Funding Account to the Yield Supplement Account on each Subsequent Transfer Date is referred to as the "Yield Supplement Account Initial Deposit." The "Required Yield Supplement Amount" for a Receivable shall be equal to 8.0% of the Maximum Yield Supplement Amount for such Receivable.

  • If the amount on deposit in the Yield Supplement Account on any Payment Date (after giving effect to any deposit thereto and the withdrawal therefrom of the Maximum Yield Supplement Amount for such Payment Date) is greater than the Required Yield Supplement Account Balance, the excess will be released to the Seller.

  • On each Subsequent Transfer Date, cash or eligible investments having a value equal to the Maximum Yield Supplement Amount of the Subsequent Receivables conveyed to the trust on such Subsequent Transfer Date will be withdrawn from the Pre-Funding Account and deposited in the Yield Supplement Account.

  • On the related Distribution Date, the Indenture Trustee, after making the withdrawal referred to in paragraph (b) above, shall withdraw from the Yield Supplement Account the excess, if any, of the amount then on deposit in the Yield Supplement Account (after giving effect to the withdrawal of the Yield Supplement Deposit Amount for such Distribution Date) over the Maximum Yield Supplement Amount as notified to the Indenture Trustee by the Servicer and shall pay the amount of such excess to the Seller.


More Definitions of Maximum Yield Supplement Amount

Maximum Yield Supplement Amount for any Distribution Date will equal the net present value (discounted at the Discount Rate) of the aggregate amount, as of the last day of the related Collection Period, by which interest on the Principal Balance of each Discount Receivable (other than any such Receivable that is a Defaulted Receivable) for the remaining term of such Receivable (assuming no prepayments or delinquencies) at the Required Rate exceeds interest on such Principal Balance at the APR of each such Receivable; provided that, each Yield Supplement Deposit Amount that would result from such aggregate amount and such assumptions shall be discounted from the Distribution Date on which such amount would be required to be withdrawn to the current Distribution Date.
Maximum Yield Supplement Amount means the aggregate for all Contracts of the maximum Yield Supplement Amount that may become owing with respect to each Contract assuming that payments on such Contract are made as scheduled and no prepayments are made.
Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of: 1.25% with respect to all Collection Periods through and including January 2004, and 2.50% with respect to all Collection Periods thereafter) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.
Maximum Yield Supplement Amount for any Distribution Date is an amount equal to the net present value (discounted monthly at a rate of 2.50% per annum) of the aggregate amount, as of the last day of the related Collection Period, by which interest on the Principal Balance of each Discount Receivable (other than any such Receivable that is a Defaulted Receivable) for the remaining term of such Receivable (assuming no prepayments or delinquencies) at the Required Rate exceeds interest on such Principal Balance at the APR for each such Receivable.
Maximum Yield Supplement Amount for any Distribution Date will equal the aggregate amount, as of the last day of the related Collection Period, by which interest on the Principal Balance of each Discount Receivable (other than any such Receivable that is a Defaulted Receivable) for the remaining term of such Receivable (assuming no prepayments or delinquencies) at the Required Rate exceeds interest on such Principal Balance at the APR of each such Receivable; provided that such amount may be discounted at a rate to be specified in the Agreement.
Maximum Yield Supplement Amount has the meaning assigned thereto in SECTION 5.06.

Related to Maximum Yield Supplement Amount

  • Yield Supplement Amount means, with respect to any Collection Period and the related Deposit Date, the aggregate amount by which one month’s interest on the Principal Balance as of the first day of such Collection Period of each Discount Receivable (other than a Discount Receivable that is a Defaulted Receivable) at a rate equal to the Required Rate, exceeds one month’s interest on such Principal Balance at the APR of each such Receivable.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Invested Amount means, as of any date of determination, an amount equal to the sum of (a) the Class A Invested Amount as of such date, (b) the Class B Invested Amount as of such date and (c) the Collateral Invested Amount as of such date.

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Loan Assets included in the Aggregate Adjusted Borrowing Value, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Loan Asset by (ii) such Eligible Loan Asset's contribution to the Aggregate Adjusted Borrowing Value and dividing (b) such sum by the Aggregate Adjusted Borrowing Value.

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Liquidity Amount means, on any date of determination, the sum of (i) unrestricted cash and unrestricted Cash Equivalents owned by Regional Management on a consolidated basis, (ii) the Available Borrowing Capacity and (iii) if the conditions set forth in Section 4.02 to a Lender Advance on such date would be satisfied if a Funding Request for such date were delivered, the excess, if any, of the Borrowing Base over the Loans Outstanding.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Required Amount means, with respect to any Monthly Period, the sum of the Class A Required Amount, the Class B Required Amount and the Collateral Senior Required Amount.

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cut-off Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.