Minimum Yield definition
Examples of Minimum Yield in a sentence
Forthwith after receipt of such verbal notice on a Purchase Date, the Liquidity Agent shall inform the Securitization Agent of the Overnight Rate or the BA Rate (or, if applicable, the Prime Rate) or the U.S. Note Rate, as the case may be, at the particular time and the Securitization Agent shall arrange for the issue of Notes to yield the Minimum Yield during the term thereof.
Without limiting the foregoing, Company shall have the right to reject any individual Contract Wafer or its entire Lot which do not meet the Minimum Yield.
The payment of any Minimum Yield Fee shall be due no earlier than five (5) Business Days after the Borrower Representative’s receipt of written notice thereof from the Administrative Agent, which written notice shall include a calculation of the Minimum Yield Fee.
Foundry shall neither ship nor ▇▇▇▇ Company for any Contract Wafer that, to Foundry’s knowledge, fails to meet the Minimum Yield and Quality and Reliability Standards unless specifically instructed in writing by Company to do so.
Borrowers’ obligations under this Section 2.12 are in addition to Borrowers’ obligations to pay any Unused Fee, Extension Fee, Minimum Yield Fee and/or any other fee set forth in this Agreement or any Fee Letter applicable to a payment or prepayment of the Loans.