Required Yield Supplement Amount definition

Required Yield Supplement Amount means, with respect to every Distribution Date, an amount equal to the lesser of (i) the aggregate amount of Yield Supplement Deposits that would become due for all future Distribution Dates under the Yield Supplement Agreement, assuming (1) that payments on the Receivables are made on their scheduled due dates, (2) that no Receivable becomes a prepaid Receivable, and (3) a discount rate of 1.00%, and (ii) the Initial Yield Supplement Amount.
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Required Yield Supplement Amount means, with respect to any Distribution Date, an amount equal to the lesser of (i) the maximum aggregate Yield Supplement Deposit that will become due under the Yield Supplement Agreement, assuming that payments on the Receivables are made on their scheduled due dates and no Receivable becomes a prepaid Receivable, or (ii) the Initial Yield Supplement Amount.
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Required Yield Supplement Amount means, (a) on the Closing Date, $2,830,793.45; and (b) for any Distribution Date thereafter, the sum, with respect to each Yield Shortfall Lease, of the excess of (i) the Yield Shortfall Lease Break Even Amount with respect to such Yield Shortfall Lease for such Distribution Date over (ii) the product of (A) the Management Fee payable in respect of such Yield Shortfall Lease and (B) the Yield Shortfall Lease Remaining Term with respect to such Yield Shortfall Lease for such Distribution Date.
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Examples of Required Yield Supplement Amount in a sentence

  • The Required Yield Supplement Amount may decline as a result of prepayments or repayments in full of the Receivables.

  • On each Distribution Date, if the amount on deposit in the Yield Supplement Account (after giving effect to all deposits thereto or withdrawals therefrom on such Distribution Date) is greater than the Required Yield Supplement Amount, the Relevant Trustee will deposit such excess into the Collection Account for distribution by the Relevant Trustee in accordance with the terms of Section 5.06(c).

  • The Relevant Trustee shall have no duty or liability to determine the Required Yield Supplement Amount and may fully rely on the determination thereof by the Servicer.

  • If, on any Distribution Date, the funds in the Yield Supplement Account are in excess of the Required Yield Supplement Amount for such Distribution Date after giving effect to all distributions to be made on such Distribution Date, the Relevant Trustee shall deposit the amount of such excess into the Collection Account for distribution by the Relevant Trustee in accordance with the terms of Sections 5.06(c), (d) and (e) of the Sale and Servicing Agreement.

  • If, on any Distribution Date, the funds in the Yield Supplement Account are in excess of the Required Yield Supplement Amount for such Distribution Date after giving effect to all distributions to be made on such Distribution Date, the Relevant Trustee shall deposit the amount of such excess into the Collection Account for distribution by the Relevant Trustee in accordance with the terms of Sections 5.06(c), (d), (e) and (h) of the Sale and Servicing Agreement.

  • The [Relevant] Trustee shall have no duty or liability to determine the Required Yield Supplement Amount and may fully rely on the determination thereof by the Servicer.

  • On each Distribution Date, if the amount on deposit in the Yield Supplement Account (after giving effect to all deposits thereto or withdrawals therefrom on such Distribution Date) is greater than the Required Yield Supplement Amount, the Relevant Trustee will distribute such excess to the Seller.

  • If, on any Distribution Date, the funds in the Yield Supplement Account are in excess of the Required Yield Supplement Amount for such Distribution Date after giving effect to all distributions to be made on such Distribution Date, the [Relevant] Trustee shall deposit the amount of such excess into the [Collection Account] [Certificate Account] for distribution by the [Relevant] Trustee in accordance with the terms of [Sale] [Pool] and Servicing Agreement.

  • If, on any Distribution Date, the funds in the Yield Supplement Account are in excess of the Required Yield Supplement Amount for such Distribution Date after giving effect to all distributions to be made on such Distribution Date, the Relevant Trustee shall pay the Company the amount of such excess.

  • On each Distribution Date, if the amount on deposit in the Yield Supplement Account (after giving effect to all deposits thereto or withdrawals therefrom on such Distribution Date) is greater than the (Nissan 2004-C Sale and Servicing Agreement) Required Yield Supplement Amount, the Relevant Trustee will deposit such excess into the Collection Account for distribution by the Relevant Trustee in accordance with the terms of Section 5.06(c).