Yield Supplement Amount definition

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 Amount means, with respect to any Distribution Date, the aggregate amount on deposit in the Yield Supplement Account after giving effect to the withdrawal therefrom of the related Yield Supplement Deposit and without regard to any amounts on deposit therein in respect of interest or investment earnings earned on the investment of amounts on deposit therein in Eligible Investments for any period.

Yield Supplement Amount means, with respect to any Payment Date, the sum of all Receivable Yield Supplement Amounts for the related Collection Period.

Examples of Yield Supplement Amount in a sentence

• Yield Supplement Amount to Collection Account (if not paid by MMCA) 0.00 2.

• The Required Yield Supplement Amount may decline as a result of prepayments or repayments in full of the Receivables.

• On the Closing Date, the Seller shall deposit an amount equal to the Initial Yield Supplement Amount into the Yield Supplement Account from the net proceeds of the sale of the Notes.

• The Relevant Trustee shall have no duty or liability to determine the Required Yield Supplement Amount and may fully rely on the determination thereof by the Servicer.

• Supplement Agreement and the Securities Account Control Agreement, the Trust will grant to the Indenture Trustee, for the benefit of the Noteholders, a security interest in all funds (including Eligible Investments) in the Yield Supplement Account (including the Initial Yield Supplement Amount) and the proceeds thereof to secure the payment of interest on the Notes, and the Indenture Trustee shall have all of the rights of a secured party under the UCC with respect thereto.

More Definitions of Yield Supplement Amount

Yield Supplement Amount. For any Distribution Date and Class of Covered Certificates, on or prior to the applicable Corridor Contract Termination Date, on which LIBOR exceeds the applicable Strike Rate, the related Yield Supplement Amount will equal an amount equal to interest for the related Interest Accrual Period on the Class Certificate Balance of the applicable Class of Covered Certificates immediately prior to such Distribution Date at a rate equal to the excess of (i) the lesser of LIBOR and the applicable Ceiling Rate over (ii) the applicable Strike Rate.

Yield Supplement Amount. With respect to the Class A-2 Certificates and any Distribution Date on or prior to the Corridor Contract Termination Date, on which LIBOR exceeds 5.00%, an amount equal to interest for the related Interest Accrual Period on the aggregate Class Certificate Balance of the Class A-2 Certificates immediately prior to such Distribution Date at a rate equal to the excess of (i) the lesser of LIBOR and 9.00% over (ii) 5.00%.

Yield Supplement Amount. For any Distribution Date and the Covered Certificates on or prior to the Corridor Contract Termination Date, interest for the related Interest Accrual Period on the Class Certificate Balance of the Covered Certificates immediately prior to such Distribution Date at a rate equal to the excess, if any, of (i) the lesser of LIBOR and the Ceiling Rate over (ii) the Strike Rate.

Yield Supplement Amount. Not applicable.

Yield Supplement Amount. The Class I-A-1 Yield Supplement Amount or the Class I-A-3 Yield Supplement Amount, as the context may require.

Yield Supplement Amount. For any Distribution Date, the product of (i) the excess, if any, of (A) the lesser of (x) one-month LIBOR (as determined by the Cap Counterparty) and (y) 8.85% over (B) 5.35%, (ii) the Class Certificate Balance of the Class 2-A-1 Certificates immediately prior to that Distribution Date, and (iii) a fraction, the numerator of which is 30, and the denominator of which is 360.

Yield Supplement Amount shall have the meaning specified in Section 5.l.