Yield Supplement Deposit definition

Yield Supplement Deposit means, with respect to any Distribution Date, the amount by which (a) the aggregate amount of interest that would have been due during the related Collection Period on all Yield Supplemented Receivables if such Yield Supplemented Receivables bore interest at the Required Rate exceeds (b) the amount of interest accrued on such Yield Supplemented Receivables at their respective APRs and due during such Collection Period.

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Yield Supplement Deposit means, with respect to any Distribution Date, the amount by which (i) the aggregate amount of interest that would have been due during the related Collection Period on all Yield Supplemented Receivables (as defined below) if such Yield Supplemented Receivables bore interest at the Required Rate (as defined below) exceeds (ii) the amount of interest accrued on such Yield Supplemented Receivables at their respective APRs and due during such Collection Period. “Required Rate” means, with respect to each Collection Period, 5.90%. “Yield Supplemented Receivable” means any Receivable that has an APR less than the Required Rate.

Yield Supplement Deposit means, with respect to any Distribution Date, the amount by which (i) the aggregate amount of interest that would have been due during the related Collection Period on all Yield Supplemented Receivables (as defined below) if such Yield Supplemented Receivables bore interest at the Required Rate (as defined below) exceeds (ii) the amount of interest accrued on such Yield Supplemented Receivables at their respective APRs and due during such Collection Period. "Required Rate" means, with respect to each Collection Period, the sum of (i) the Servicing Rate plus (ii) the Class A-4 Interest Rate. "Yield Supplemented Receivable" means any Receivable that has an APR less than the Required Rate.

Examples of Yield Supplement Deposit in a sentence

On each Distribution Date, to the extent amounts then on deposit in the Yield Supplement Account are sufficient therefor, the Relevant Trustee will withdraw amounts then on deposit in the Yield Supplement Account in an amount equal to the Yield Supplement Deposit with respect to such Distribution Date and deposit such amounts into the Collection Account for application pursuant to Section 5.06.
On the related Distribution Date, the Indenture Trustee, after making the withdrawal referred to in paragraph (b) above, shall withdraw from the Yield Supplement Account the excess, if any, of the amount then on deposit in the Yield Supplement Account (after giving effect to the withdrawal of the Yield Supplement Deposit Amount for such Distribution Date) over the Maximum Yield Supplement Amount as notified to the Indenture Trustee by the Servicer and shall pay the amount of such excess to the Seller.
On each Distribution Date, to the extent amounts on deposit in the Yield Supplement Account are sufficient therefor, the Relevant Trustee will withdraw amounts then on deposit in the Yield Supplement Account in an amount equal to the Yield Supplement Deposit with respect to such Distribution Date and deposit such amounts into the Collection Account for application pursuant to Section 5.06.
On each 45 (Nissan 2004-B Sale and Servicing Agreement) Distribution Date, to the extent amounts then on deposit in the Yield Supplement Account are sufficient therefor, the Relevant Trustee will withdraw amounts then on deposit in the Yield Supplement Account in an amount equal to the Yield Supplement Deposit with respect to such Distribution Date and deposit such amounts into the Collection Account for application pursuant to Section 5.06.
In addition, on the Closing Date, the Seller shall cause the Reserve Account Initial Deposit to be deposited into the Reserve Account and the Yield Supplement Deposit Amount to be deposited into the Yield Supplement Account.
On Each Distribution Date, to the extent amounts then on deposit in the Yield Supplement Account are sufficient therefor, the Relevant Trustee will withdraw amounts then on deposit in the Yield Supplement Account in an amount equal to the Yield Supplement Deposit with respect to such Distribution Date and deposit such amounts into the Collection Account for application pursuant to Section 5.06.

More Definitions of Yield Supplement Deposit

Yield Supplement Deposit means, with respect to any Distribution Date, the amount by

Yield Supplement Deposit means, with respect to any Distribution Date, ________________.

Yield Supplement Deposit means an amount equal to $[●].]

Yield Supplement Deposit means, with respect to any Distribution Date, the amount by which (i) the aggregate amount of interest that would have been due during the related Collection Period on all Yield Supplemented Receivables (as defined below) if such Yield Supplemented Receivables bore interest at the Required Rate (as defined below) exceeds (ii) the amount of interest accrued on such Yield Supplemented Receivables at their respective APRs and due during such Collection Period. "Required Rate" means, with respect to each Collection Period, the sum of (i) the [Class B Interest Rate][weighted average interest rate of the Notes and the Class C Pass-Through Rate][specify rate] and (2) the Servicing Rate. "Yield Supplemented Receivable" means any Receivable that has an APR less than the Required Rate.

Yield Supplement Deposit means, with respect to any Distribution Date, the amount by which (i) the aggregate amount of interest that would have been due during the related Collection Period on all Yield Supplemented Receivables (as defined below) if such Yield Supplemented Receivables bore interest at the Required Rate (as defined below) exceeds (ii) the amount of interest accrued on such Yield Supplemented Receivables at their respective APRs and due during such Collection Period. "Required Rate" means, with respect to each Collection Period, the sum of (i) the Servicing Rate plus (ii) the Class A-3 Interest Rate plus (iii) 0.50%. "Yield Supplemented Receivable" means any Receivable that has an APR less than the Required Rate.

Yield Supplement Deposit means, with respect to any Payment Date, the amount by which (i) the aggregate amount of one month's interest on the principal balance as of the first day of that Collection Period of each Yield Supplemented Receivable (other than any Yield Supplemented Receivable which has become a Liquidated Receivable, after the Collection Period in which such Yield Supplemented Receivable became a Liquidated Receivable) at a rate equal to the Required Rate exceeds (ii) the aggregate amount of one month's interest on that principal balance of each Yield Supplemented receivable, each calculated at such Yield Supplemented Receivable's APR.