Yield and Servicing Reserve means, at any time, an amount equal to 2.0% multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.
Yield and Servicing Reserve means, on any date, an amount equal to (x) 1.50% multiplied by (y) the Net Receivables Balance as of the close of business of Servicer on such date. All accounting terms not specifically defined herein shall be construed in accordance with GAAP. All terms used in Article 9 of the UCC in the State of New York, and not specifically defined herein, are used herein as defined in such Article 9. [Date] The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, as Administrative Agent 1251 Avenue of the Xxxxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: [ ] Ladies and Gentlemen: Reference is hereby made to the Receivables Purchase Agreement dated as of December 18, 2013, by and among MPC Trade Receivables Company LLC, a Delaware limited liability company (“Seller”), Marathon Petroleum Company LP, a Delaware limited partnership, as Servicer, the entities from time to time party thereto as Conduit Purchasers, the entities from time to time party thereto as Committed Purchasers, the entities from time to time party thereto as Managing Agents and The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, as Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Receivables Purchase Agreement”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Receivables Purchase Agreement. The Administrative Agent and each Managing Agent is hereby notified of the following Incremental Purchase: Purchase Price: $ 1 Date of Purchase: $ Requested Interest Rate: [Adjusted LIBO Rate] [Alternate Base Rate] [Pooled Commercial Paper rate] [Tranche Funded Commercial Paper rate] Requested Tranche Period (if applicable): Each Managing Agent should wire-transfer its related Purchase Group Share of the Purchase Price in immediately available funds on the above-specified date of purchase to: 1 Must be at least $5,000,000 MPC Trade Receivables Company LLC [PNC Bank, National Association] [500 First Avenue] [Pittsburgh, PA 15219] [Reference: ] Please advise [Name] at telephone no ( ) if the Conduit Purchaser(s) in your Purchase Group will not be making this purchase. In connection with the Incremental Purchase to be made on the above listed “Date of Purchase” (the “Purchase Date”), Seller hereby certifies that the following statements are true on the date hereof:
Yield and Servicing Reserve means, on any date, an amount equal to (x) 1.50% multiplied by (y) the Net Receivables Balance as of the close of business of Servicer on such date. All accounting terms not specifically defined herein shall be construed in accordance with GAAP. All terms used in Article 9 of the UCC in the State of New York, and not specifically defined herein, are used herein as defined in such Article 9. [Date] JPMorgan Chase Bank, N.A., as Administrative Agent 00 X. Xxxxxxxx Chicago, Illinois 60603-0596 Attention: Asset Backed Securities Conduit Group Ladies and Gentlemen: Reference is hereby made to the Receivables Purchase Agreement, dated as of July 1, 2011, by and among MPC Trade Receivables Company LLC, a Delaware limited liability company (“Seller”), Marathon Petroleum Company LP, a Delaware limited partnership, as Servicer, the entities from time to time party thereto as Conduit Purchasers, the entities from time to time party thereto as Committed Purchasers, the entities from time to time party thereto as Managing Agents and JPMorgan Chase Bank, N.A., as Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Receivables Purchase Agreement”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Receivables Purchase Agreement. The Administrative Agent and each Managing Agent is hereby notified of the following Incremental Purchase: Purchase Price: $ 1 Date of Purchase:
More Definitions of Yield and Servicing Reserve
Yield and Servicing Reserve means, on any date, an amount equal to (x) 1.50% multiplied by (y) the Net Receivables Balance as of the close of business of Servicer on such date. All accounting terms not specifically defined herein shall be construed in accordance with GAAP. All terms used in Article 9 of the UCC in the State of New York, and not specifically defined herein, are used herein as defined in such Article 9. Exh.-C-1 This Performance Undertaking (as further amended, restated, supplemented or otherwise modified from time to time, this “Undertaking”), dated as of December 18, 2013, is executed by Marathon Petroleum Corporation, a Delaware corporation (the “Performance Guarantor”) in favor of MPC Trade Receivables Company LLC (together with its successors and assigns, “Recipient”).
Yield and Servicing Reserve means, on any date, an amount equal to (x) 1.50% multiplied by (y) the Net Receivables Balance as of the close of business of Servicer on such date. All accounting terms not specifically defined herein shall be construed in accordance with GAAP. All terms used in Article 9 of the UCC in the State of New York, and not specifically defined herein, are used herein as defined in such Article 9. [Date] JPMorgan Chase Bank, N.A., as Administrative Agent 10 X. Xxxxxxxx Xxxxxxx, Xxxxxxxx 00000-0000 Xxtention: Asset Backed Securities Conduit Group Ladies and Gentlemen: Reference is hereby made to the Amended and Restated Receivables Purchase Agreement dated as of October 1, 2011, by and among MPC Trade Receivables Company LLC, a Delaware limited liability company (“Seller”), Marathon Petroleum Company LP, a Delaware limited partnership, as Servicer, the entities from time to time party thereto as Conduit Purchasers, the entities from time to time party thereto as Committed Purchasers, the entities from time to time party thereto as Managing Agents and JPMorgan Chase Bank, N.A., as Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Receivables Purchase Agreement”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Receivables Purchase Agreement. The Administrative Agent and each Managing Agent is hereby notified of the following Incremental Purchase: Purchase Price: $ 1 Date of Purchase:
Yield and Servicing Reserve means, on any date, an amount equal to the Effective Yield and Servicing Reserve Percentage multiplied by Aggregate Capital as of the close of business of the Servicer on such date.