Yield Amount definition

Yield Amount means, for each Receivable on the Closing Date, on each Payment Date and on each Acquisition Date other than a Payment Date, the amount by which (x) the Principal Balance as of the last day of the related Collection Period or as of the applicable Cutoff Date, as applicable, for such Receivable exceeds (y) the present value of the future scheduled payments on the Receivable as of the last day of the related Collection Period (or as of the applicable Cutoff Date, for the first Payment Date for the Receivables) calculated using the Discount Rate. For purposes of this calculation, the future scheduled payments on each Receivable are the equal monthly payments that would reduce the Receivable’s Principal Balance as of the related Cutoff Date to zero on the Receivable’s final scheduled payment date, at an interest rate equal to the APR of the Receivable, which payments are received at the end of each month without any delays, defaults or prepayments.

Yield Amount means, for each Receivable on the Closing Date and on each Acquisition Date, the amount by which (x) the Principal Balance as of the last day of the related Collection Period or as of the applicable Cutoff Date, as applicable, for such Receivable exceeds (y) the present value of the future scheduled payments on the Receivable as of the last day of the related Collection Period (or as of the applicable Cutoff Date, for the first Payment Date for the Receivables) calculated using the Discount Rate. For purposes of this calculation, the future scheduled payments on each Receivable are the equal monthly payments that would reduce the Receivable’s Principal Balance as of the related Cutoff Date to zero on the Receivable’s final scheduled payment date, at an interest rate equal to the APR of the Receivable, which payments are received at the end of each month without any delays, defaults or prepayments.

Yield Amount means with respect to any calendar year, the amount equal to (i) the gross amount of all finance charges assessed by SBBT in respect of SBBT approved RALs pursuant to the Program in such calendar year, minus (ii) an amount equal to the sum of (x) the aggregate Finance Fee for such calendar year, (y) $3.75 for each RAL included in the Finance Fee calculation, and (z) the aggregate RAL Fee for such year.

Examples of Yield Amount in a sentence

• Any Additional Yield Amount distributed in respect of the Class X-1 Certificates on any Distribution Date shall be deemed to have been distributed in respect of the respective REMIC III Components of the Class X-1 Certificates, on a pro rata basis in accordance with the respective amounts by which the Component Notional Amounts of such REMIC III Components were reduced on such Distribution Date by deemed distributions of principal pursuant to Section 4.01(i).

• Any funds distributed on a Class of Certificates in respect of any Prepayment Premium or Yield Maintenance Charge pursuant to this Section 4.01(b) shall constitute an "Additional Yield Amount" for such Class of Certificates.

• Any funds distributed on a Class of Certificates in respect of any Prepayment Premium or Yield Maintenance Charge pursuant to this Section 4.01(c) shall constitute an "Additional Yield Amount" for such Class.

• Any Additional Yield Amount distributed in respect of the Class X Certificates on any Distribution Date shall be deemed to have been distributed in respect of the respective REMIC III Components of the Class X Certificates, on a pro rata basis in accordance with the respective amounts by which the Component Notional Amounts of such REMIC III Components were reduced on such Distribution Date by deemed distributions of principal pursuant to Section 4.01(i).

• With respect to each calendar year during the term of this Agreement, if the Delinquency Amount exceeds the Yield Amount for a particular calendar year, each measured as of July 1 of such calendar year, then JHI and SBBT shall each fund 50% of the amount equal to the difference between the Delinquency Amount and the Yield Amount for such calendar year within five business days following such date.

More Definitions of Yield Amount

Yield Amount shall be the amount calculated as follows:

Yield Amount means for any Interest Period, an amount equal to the applicable Yield on the aggregate Investor Amount.

Yield Amount means, for any LIBO Calculation Period, an amount equal ------------ to the sum of (A) Yield on the Class A Certificates and (B) Yield on the Class B Certificates.

Yield Amount as determined below, payable in equal monthly installments for a period of two hundred forty (240) months, commencing with the first day of the first month following the Employee's retirement ("Commencement Date"). The additional Yield Amount to be paid shall be determined by applying the amount of yield on a U.S. Treasury Bond with a maturity occurring twenty (20) years after the Commencement Date, to the Accrued Benefit (or any balance of the Accrued Benefit which has not been paid to the Employee) as reported in the Wall Street Journal.

Yield Amount means the product of (i) Daily Yield Amount and ------------ (ii) the product of (a) DSO and (b) 2.

Yield Amount means an amount equal to (i) twenty-five percent (25%) per annum on the principal balance from time to time outstanding from the Grant Date to and including the Credit Line Termination Date; less (ii) all interest which at any time has accrued under the Note from the Grant Date to and including the Credit Line Termination Date. The "Adjustment Amount" shall mean an amount equal to twenty-five percent (25%) per annum on

Yield Amount is defined in Section 4.2(b) of the Participation Agreement.