Yield Supplement Account Deposit definition

Yield Supplement Account Deposit means the initial deposit of cash in the amount of $[_________] made by or on behalf of the Seller into the Yield Supplement Account on the Closing Date.
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Yield Supplement Account Deposit means $_____________.
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Yield Supplement Account Deposit means the initial deposit of cash in the amount of $[__________] made by the Seller into the Yield Supplement Account on the Closing Date.
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Examples of Yield Supplement Account Deposit in a sentence

  • On the Closing Date, the Seller will deposit the Yield Supplement Account Deposit to the Yield Supplement Account from the net proceeds of the sale of the Notes.


More Definitions of Yield Supplement Account Deposit

Yield Supplement Account Deposit means, with respect to each Subsequent Transfer Date, an amount equal to the Required Yield Supplement Account Balance applicable to such Subsequent Transfer Date minus any amount then on deposit in the Yield Supplement Account.
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Yield Supplement Account Deposit shall have the meaning specified in the Agreement, which is, as of the Closing Date, the net present value (discounted at the Discount Rate) of the aggregate amount as of the Cut-off Date by which interest on the Principal Balance of each Discount Receivable for the remaining term of such Receivable (assuming no prepayments or delinquencies) at a rate equal to the Required Rate exceeds interest at the APR of such Receivable; provided that, each Yield Supplement Deposit Amount that would result from such aggregate amount and such assumptions shall be discounted from the Distribution Date on which such amount would be required to be withdrawn to the Closing Date.
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Yield Supplement Account Deposit means the initial deposit by the Seller into the Yield Supplement Account on the Closing Date of $2,339,486 (which amount is equal to the Specified Yield Supplement Account Balance as of the Cut-off Date).
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Yield Supplement Account Deposit means the aggregate amount as of the Cut-off Date by which interest on the Principal Balance of each Discount Receivable for the remaining term of such Receivable (assuming no prepayments or delinquencies) at a rate equal to the Required Rate exceeds interest on such Receivable; provided that such aggregate amount may be discounted at a rate to be specified in the Agreement.
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Yield Supplement Account Deposit means $[__________].
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Related to Yield Supplement Account Deposit

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Yield Supplement Amount means, with respect to any Collection Period and the related Deposit Date, the aggregate amount by which one month’s interest on the Principal Balance as of the first day of such Collection Period of each Discount Receivable (other than a Discount Receivable that is a Defaulted Receivable) at a rate equal to the Required Rate, exceeds one month’s interest on such Principal Balance at the APR of each such Receivable.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Reserve Account Funding Date means the Payment Date selected by the Servicer on behalf of the Issuer which occurs not later than the earliest of the Payment Date with respect to the Monthly Period which commences three months prior to the commencement of the Controlled Accumulation Period (which commencement shall be subject to postponement pursuant to Section 4.13); provided, however, that if the Rating Agency Condition is satisfied, the Issuer may postpone the Reserve Account Funding Date.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.