Required Yield Reserve Deposit Amount definition

Required Yield Reserve Deposit Amount means, in respect of a Determination Day, an amount equal to the lesser of: (a) the Ownership Income Source less Ownership Income Share (without taking into account the references to the Required Yield Reserve Deposit Amount and the Series 2020-1 Liquidation Yield Draw Amount in the definition thereof), each for such Determination Day, and (b) the Aggregate Required Yield Reserve Deposit Amount less all amounts deposited into the Series 2020-1 Liquidation Yield Reserve Account prior to or on such day;
Sample 1
Required Yield Reserve Deposit Amount means, in respect of a Series and a Determination Day, an amount equal to the lesser of (a) the Ownership Income Source less Ownership Income Share (without taking into account the references to the Required Yield Reserve Deposit Amount and the related Series Liquidation Yield Draw Amount in the definition thereof), each for such Determination Day and (b) the Aggregate Required Yield Reserve Deposit Amount less all amounts deposited into the related Series Liquidation Yield Reserve Account prior to or on such day;
Sample 1

Examples of Required Yield Reserve Deposit Amount in a sentence

  • In respect of a Series, the Custodian, upon the direction of the Servicer, shall withdraw from the Collection Account and deposit to the related Series Liquidation Yield Reserve Account the applicable Series Liquidation Yield Reserve Account Available Collections during the related Pre-Liquidation Reserve Period until the amount deposited into such Series Liquidation Yield Reserve Account is equal to the related Aggregate Required Yield Reserve Deposit Amount.

  • An amount equal to the Aggregate Required Yield Reserve Deposit Amount in respect of a Series will be held (subject to investment in Eligible Investments as contemplated by “– Eligible Investments”) in such Series Liquidation Yield Reserve Account, unless withdrawn for deposit to the related Series Accumulations Account, until the related Yield Reserve Termination Date, at which time such amounts shall be released to the Seller in respect of the Retained Interest.

Related to Required Yield Reserve Deposit Amount

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • 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.

  • Deposit Amount is the amount GLAIC credits to the Accumulation Fund on the Deposit Date as set forth in the Accumulation Fund Schedule.

  • Accumulation Reserve Funding Period shall not apply if the Calculation Agent on behalf of the Issuer notifies the Indenture Trustee that it expects the Accumulation Period Length to be adjusted to one (1) month, and otherwise shall mean a period commencing on the first Distribution Date on which a condition in the right column of the following table was in effect on the immediately preceding Distribution Date, if the Distribution Date is a Distribution Date described in the corresponding left column of the following table, and ending on the Distribution Date immediately preceding the earlier to occur of:

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 28.00% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.