Maximum Yield Supplement Amount definition

Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of: 0.25%) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.
View Source
Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of 2.5%) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.
View Source
Maximum Yield Supplement Amount for each Receivable means an amount equal to the difference (if positive) between (a) the present value of the scheduled and unpaid payments on the Receivable discounted monthly at an annual rate equal to the Initial Cutoff Date APR or the Subsequent Cutoff Date APR, as applicable, minus (b) the present value of the scheduled and unpaid payments on the Receivable discounted monthly at an annual rate equal to its individual APR.
View Source

Examples of Maximum Yield Supplement Amount in a sentence

  • 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.

  • If the amount on deposit in the Yield Supplement Account on any Payment Date (after giving effect to any deposit thereto and the withdrawal therefrom of the Maximum Yield Supplement Amount for such Payment Date) is greater than the Required Yield Supplement Account Balance, the excess will be released to the Seller.

  • On each Payment Date for any Receivable that has either defaulted or prepaid, 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 Maximum Yield Supplement Amount for such Receivable, as calculated immediately prior to such default or prepayment.


More Definitions of Maximum Yield Supplement Amount

Maximum Yield Supplement Amount for any Distribution Date will equal the net present value (discounted at the Discount Rate) of the aggregate amount, as of the last day of the related Collection Period, by which interest on the Principal Balance of each Discount Receivable (other than any such Receivable that is a Defaulted Receivable) for the remaining term of such Receivable (assuming no prepayments or delinquencies) at the Required Rate exceeds interest on such Principal Balance at the APR of each 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 current Distribution Date.
View Source
Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of: 1.25% with respect to all Collection Periods through and including January 2004, and 2.50% with respect to all Collection Periods thereafter) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.
View Source
Maximum Yield Supplement Amount for any Distribution Date is an amount equal to the net present value (discounted monthly at a rate of 2.50% per annum) of the aggregate amount, as of the last day of the related Collection Period, by which interest on the Principal Balance of each Discount Receivable (other than any such Receivable that is a Defaulted Receivable) for the remaining term of such Receivable (assuming no prepayments or delinquencies) at the Required Rate exceeds interest on such Principal Balance at the APR for each such Receivable.
View Source
Maximum Yield Supplement Amount means the aggregate for all Contracts of the maximum Yield Supplement Amount that may become owing with respect to each Contract assuming that payments on such Contract are made as scheduled and no prepayments are made.
View Source
Maximum Yield Supplement Amount for any Distribution Date will equal the aggregate amount, as of the last day of the related Collection Period, by which interest on the Principal Balance of each Discount Receivable (other than any such Receivable that is a Defaulted Receivable) for the remaining term of such Receivable (assuming no prepayments or delinquencies) at the Required Rate exceeds interest on such Principal Balance at the APR of each such Receivable; provided that such amount may be discounted at a rate to be specified in the Agreement.
View Source
Maximum Yield Supplement Amount has the meaning assigned thereto in SECTION 5.06.
View Source

Related to Maximum Yield Supplement Amount

  • 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.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Advance Amount means, with respect to any Asset for which any Liquidation Proceeds are received, the product of (i) the Maximum Advance Rate and (ii) the Collateral Balance of such Asset immediately prior to the sale or payment that gave rise to such Liquidation Proceeds.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Yield Supplement Withdrawal Amount means, with respect to any Collection Period and the related Deposit Date, the lesser of (a) the amount on deposit in the Yield Supplement Account and (b) the sum of (i) the Yield Supplement Amount and (ii) after giving effect to the withdrawal of the Yield Supplement Amount, the amount by which the amount on deposit in the Yield Supplement Account exceeds the Maximum Yield Supplement Amount.