Yield Supplement Account Initial Deposit definition

Yield Supplement Account Initial Deposit means an amount equal to $7,623,711.05.
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Yield Supplement Account Initial Deposit means $6,472,439.
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Yield Supplement Account Initial Deposit means $______________.
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Examples of Yield Supplement Account Initial Deposit in a sentence

  • Pursuant to Section 2.5 of the Trust Agreement, on the Closing Date, the Owner Trustee shall deposit the Yield Supplement Account Initial Deposit into the Yield Supplement Account.

  • The Reserve Account Initial Deposit shall be deposited in the Reserve Account pursuant to Section 5.7(a) of the Sale and Servicing Agreement and the Yield Supplement Account Initial Deposit shall be deposited in the Yield Supplement Account pursuant to Section 5.6(a) of the Sale and Servicing Agreement.

  • The Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the Reserve Account Initial Deposit and the Yield Supplement Account Initial Deposit.

  • On the Closing Date, the Depositor shall deposit the Yield Supplement Account Initial Deposit into the Yield Supplement Account.

  • On the Closing Date, the Depositor shall deposit the Yield Supplement Account Initial Deposit into the Yield Supplement Account from the net proceeds of the sale of the Notes.

  • On the Closing Date, the Transferor will deposit the Yield Supplement Account Initial Deposit into the Yield Supplement Account from the net proceeds of the sale of the Initial Receivables.

  • On the Closing Date and on each Subsequent Transfer Date, the Seller shall deposit the applicable Yield Supplement Account Initial Deposit into the Yield Supplement Account.

  • The Reserve Account Initial Deposit shall be deposited in the Reserve Account pursuant to Section 5.7(a) of the Sale and Servicing Agreement [and the Yield Supplement Account Initial Deposit shall be deposited in the Yield Supplement Account pursuant to Section 5.6(a) of the Sale and Servicing Agreement].

  • The Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner Trustee, as of the date hereof, the Reserve Account Initial Deposit [and the Yield Supplement Account Initial Deposit].

  • The amount initially deposited in the Yield Supplement Account by the Seller together with the aggregate amount transferred from the Pre-Funding Account to the Yield Supplement Account on each Subsequent Transfer Date is referred to as the "Yield Supplement Account Initial Deposit." The "Required Yield Supplement Amount" for a Receivable shall be equal to 8.0% of the Maximum Yield Supplement Amount for such Receivable.


More Definitions of Yield Supplement Account Initial Deposit

Yield Supplement Account Initial Deposit means the amount equal to the Yield Supplement Amount.
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Yield Supplement Account Initial Deposit means $[___________].
Sample 1
Yield Supplement Account Initial Deposit has the meaning specified in the Sale and Servicing Agreement.
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Yield Supplement Account Initial Deposit means, initially, $2,048,380, and, with respect to each Subsequent Transfer Date, an amount equal to the sum of the Maximum Yield Supplement Amounts for each Subsequent Receivable transferred to the Issuer on such Subsequent Transfer Date.
Sample 1

Related to Yield Supplement Account Initial Deposit

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • 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.

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

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

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Capitalized Interest Account Initial Deposit means $1,733,333.78 deposited on the Closing Date.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Initial Reserve Account Deposit means $3,250,000.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class C( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

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

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • 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.

  • Liquidity Account Initial Date means, with respect to any Series, the date designated as the Liquidity Account Initial Date in the Appendix for such Series.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.