Yield

Yield. With effect from May 31, 2013, the definition of "Yield" contained in Section 1.1 (Certain defined terms) of the Receivables Transfer Agreement shall be deemed to have been deleted and replaced in its entirety with the following definition: ""Yield" means, for any Tranche and any Tranche Period, the sum of: (a) for each day during such Tranche Period, the result of the following: plus (b) the Liquidation Fee, if any, for such Tranche for such Tranche Period where: YR = the Yield Rate for such... Tranche for such day; IA = the aggregate Invested Amount of such Tranche on such day; Y = (a) in the case of a Tranche denominated in U.S. Dollars accruing interest at the Base Rate or a Tranche denominated in Canadian Dollars accruing interest at the Eurocurrency Rate by reference to CDOR, 365 or 366, as applicable, and (b) in the case of any other Tranche, 360 (or, in the event the practice of the relevant interbank market differs, in accordance with such market practice); provided that no provision of this Agreement shall require the payment or permit the collection of Yield in excess of the maximum permitted by applicable Law; and provided, further, that Yield for any Tranche shall not be considered paid by any distribution to the extent that at any time all or a portion of such distribution is rescinded or must otherwise be returned for any reason. View More

Yield. Means the sum of the following, payable on each Payment Date: (a) with respect to any previously ended Collection Period, the sum for each day in such Collection Period of amounts determined in accordance with the following formula (but only to the extent that such amounts were not previously paid to the Lenders): YR x L D where: YR = the Yield Rate applicable to such Advance on such day during such Collection Period; L = the Advances Outstanding on such day; and D = 360; plus (b) with respect... to any previously ended Collection Period, the sum for each day in such Collection Period of amounts determined in accordance with the following formula (but only to the extent that such amounts were not previously paid to the Lenders): AM x L D where: AM = the Applicable Margin applicable on such day; L = the greater of (a) the Minimum Utilization minus the Advances Outstanding on such day, and (b) zero; and D = 360; provided that (i) no provision of this Agreement shall require the payment or permit the collection of Yield in excess of the maximum permitted by Applicable Law and (ii) Yield shall not be considered paid by any distribution if at any time such distribution is later required to be rescinded by any Lender to the Borrower or any other Person for any reason including, without limitation, such distribution becoming void or otherwise avoidable under any statutory provision or common law or equitable action, including, without limitation, any provision of the Bankruptcy Code. View More