Common use of Calculation of Yield Clause in Contracts

Calculation of Yield. On or before the second Business Day immediately preceding each Settlement Date, each Managing Agent shall calculate the aggregate amount of Yield due and payable to each Conduit Purchaser in its Purchase Group for the immediately preceding Accrual Period and shall notify Seller of such aggregate amount.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Hanesbrands Inc.), Receivables Purchase Agreement (Hanesbrands Inc.)