Yield Payments Sample Clauses

Yield Payments. On each Monthly Settlement Date, Seller shall pay to each Managing Agent (for the benefit of the applicable Purchasers), an aggregate amount equal to (i) the accrued and unpaid Yield with respect to each Purchaser Interest for the immediately preceding Accrual Period, if Yield for such Purchaser Interest is calculated on the basis of the CP Rate, and (ii) the accrued and unpaid Yield with respect to each Purchaser Interest for the most recently ended Tranche Period for such Purchaser Interest, if Yield for such Purchaser Interest is calculated on the basis of any Discount Rate other than the CP Rate, in each case, in accordance with Article III.
Yield Payments. On each Monthly Settlement Date, Seller shall pay to the Managing Agent (for the benefit of each Investor in its Investor Group which is not Conduit Investors and the Conduit Investor in its Investor Group, if the Yield on its Investor Interest is to be determined pursuant to this Article IV) an aggregate amount equal to all accrued and unpaid Yield in respect of the Capital of the Investor Interest of such Investors for the immediately preceding Accrual Period in accordance with Article II.
Yield Payments. On the Settlement Date for each Purchaser Interest of each Financial Institution, Seller shall pay to each Financial Institution an aggregate amount equal to all accrued and unpaid Yield for the entire Tranche Period of each Purchaser Interest funded by such Financial Institution. On or before the third Business Day immediately preceding the Settlement Date for each Purchaser Interest of the Financial Institutions, the Agent shall calculate the aggregate amount of accrued and unpaid Yield due and payable on the applicable Settlement Date and shall notify Seller of the aggregate amount of accrued and unpaid Yield due and payable to each Financial Institution on the applicable Settlement Date.
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