Yield Supplement Account. On each Subsequent Transfer Date the Servicer shall calculate the amount, if any, of the Yield Supplement Account Deposit applicable to such Subsequent Transfer Date, and, if such amount is positive, the Seller shall deposit such amount into the Yield Supplement Account. On each Payment Date for any Receivable that became a Liquidated Receivable during the related Collection Period, the Servicer will instruct the Indenture Trustee to withdraw from the Yield Supplement Account and deposit into the Collection Account an amount equal to the Available Yield Supplement Amount for such Receivable, as calculated immediately prior to such default or prepayment. Funds on deposit in the Yield Supplement Account may be withdrawn and paid to the Seller on any day if each Rating Agency has confirmed that such action will not result in a withdrawal or downgrade of its rating of any Class of Notes.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Case Receivables Ii Inc), Sale and Servicing Agreement (Case Receivables Ii Inc)