The YSOA has been calculated for each Payment Date as the sum of the amount for each Receivable equal to the excess, if any, of o the scheduled payments due on such Receivable for each future Collection Period discounted to present value as of the end of the preceding Collection Period at the APR of such Receivable, over o the scheduled payments due on the Receivable for each future Collection Period discounted to present value as of the end of the preceding Collection Period at [____]%. For purposes of such calculation, future scheduled payments on the Receivables are assumed to be made on their scheduled due dates without any delays, defaults or prepayments. Sched-C-2 EXHIBIT A Form of Distribution Statement to Noteholders --------------------------------------------- DaimlerChrysler Services North America LLC DaimlerChrysler Auto Trust 200__-__ Payment Date Statement to Noteholders ------------------------------------------------------------------------------ Amount of Principal Paid to:
The YSOA has been calculated for each Payment Date as the sum of the amount for each Receivable equal to the excess, if any, of o the scheduled payments due on such Receivable for each future Collection Period discounted to present value as of the end of the preceding Collection Period at the APR of such Receivable, over o the scheduled payments due on the Receivable for each future Collection Period discounted to present value as of the end of the preceding Collection Period at [____]%. For purposes of such calculation, future scheduled payments on the Receivables are assumed to be made on their scheduled due dates without any delays, defaults or prepayments. Sched-C-2 EXHIBIT A Form of Distribution Statement to Noteholders --------------------------------------------- DaimlerChrysler Financial Services Americas LLC DaimlerChrysler Auto Trust 200__-__ Payment Date Statement to Noteholders ________________________________________________________________________________ Amount of Principal Paid to: Class A-1 Notes: ($ per $1,000 original principal amount) Class A-2 Notes: ($ per $1,000 original principal amount) Class A-3 Notes: ($ per $1,000 original principal amount) Class A-4 Notes: ($ per $1,000 original principal amount) [Class B Notes: ($ per $1,000 original principal amount)] Amount of Interest Paid to:
Examples of The YSOA in a sentence
The YSOA itself, however, as discussed above also provides a "cushion" to support the Notes.
The YSOA, to the extent not needed to pay the coupon on the Notes, also provides "Spread," but to simplify this opinion while avoiding double counting, the YSOA is treated only as providing principal overcollateralization equal to its principal amount.
The YSOA itself, however, as discussed above also provides a “cushion” to support the Notes.