Certificate Yield Sample Clauses

Certificate Yield. Based on the issue price, the Yield on the Certificates is %, as computed by Special Tax Counsel and as shown on Exhibit A attached hereto. The City has not entered into an interest rate swap agreement with respect to any portion of the Certificate proceeds.
Sample 1
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Certificate Yield. 4 SECTION 3.3 Scheduled Return of Holder Fundings.............5 SECTION 3.4 Early Return of Holder Fundings.................5 SECTION 3.5 Payments from Trust Estate Only.................5 SECTION 3.6
Sample 1
Certificate Yield. During all times that any portion of the Invested Amount is outstanding under the Face-Amount Certificate, the Issuer shall pay, with respect to each Settlement Period (or portion thereof), an amount equal to the sum of (a) and (b) (the "CERTIFICATE YIELD"), where (a) is equal to the applicable Earned Yield (as defined below) with respect to such Settlement Period (or portion thereof), and where (b) is equal to the product of (x) the applicable Program Fee payable by the Issuer pursuant to the Program Fee Letter with respect to such Settlement Period (or portion thereof) MULTIPLIED BY (y) $500,000,000 until the Invested Amount equals $500,000,000 and thereafter the Invested Amount.
Sample 1
Certificate Yield. Based on the issue price, the Yield on the Certificates is %, as computed by Special Counsel as shown on Exhibit A. The Issuer has not entered into an interest rate swap agreement with respect to any portion of the proceeds of the Certificates. The Bond Insurer has issued the Bond Insurance Policy, which guarantees the scheduled payment of the Principal Component or Interest Component of the Rental Payments when due. In the Underwriter Receipt for Bonds and Closing Certificate, the Underwriter has represented that the premium for the Bond Insurance Policy does not exceed a reasonable, arm’s-length charge for the transfer of credit risk and that the present value of the Bond Insurance Policy premium is less than the present value of the interest expected to be saved as a result of the Bond Insurance Policy. In the certificate of Bond Insurer, the Bond Insurer has represented that the Bond Insurance Policy premium does not include any payment for any direct or indirect services other than the transfer of credit risk. The premium for the Bond Insurance Policy is treated as a payment for a qualified guarantee under Regulations § 1.148-4(f).
Sample 1
Certificate Yield. The Owner Trustee shall pay to each Holder, from the Trust Estate, its pro rata portion of Holder Yield on Holder Fundings made hereunder. Payment of Holder Yield on each Holder Funding shall be made in arrears on each Payment Date. If the date on which such payment of Holder Yield shall be due shall not be a Business Day, such payment shall be made on the next succeeding Business Day.
Sample 1
Certificate Yield. The Owner Trustee shall pay to each Holder, from the Trust Estate, its pro rata portion of Holder Yield on Holder Fundings made hereunder. Payment of Holder Yield on each Holder Funding shall be made in arrears on each Payment Date. If the date on which such payment of Holder
Sample 1
Certificate Yield. During all times that any or all of the principal amount of the Certificate is outstanding (the "Invested Amount"), the Issuer shall pay with respect to each Settlement Period (or portion thereof) an amount equal to the sum of (a) + (b) + (c), where: (a) is equal to the applicable Earned Yield (as defined below) with respect to such Settlement Period (or portion thereof), (b) is equal to the applicable Liquidity Fee (as defined below) payable by the Issuer pursuant to the Liquidity Fee Letter with respect to such Settlement Period (or portion thereof), and (c) is equal to the applicable Letter of Credit Fee (as defined below) payable by the Issuer to the Agent pursuant to the FNBC Fee Letter for the benefit of the Letter of Credit Banks (in each case, as defined below) with respect to such Settlement Period (or portion thereof) (collectively, the sum (a) + (b) + (c) for any calculation period shall be referred to as the "Certificate Yield"). For purposes of making the above-referenced calculation and payment, the foregoing capitalized terms shall have the following meanings:
Sample 1
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Related to Certificate Yield

  • Senior Certificates Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-8, Class 1-A-9, Class 1-A-10, Class 1-A-11, Class 1-A-12, Class 1-A-13, Class 1-A-14, Class 1-A-15, Class 1-A-16, Class 1-A-17, Class 1-A-18, Class 1-A-19, Class 1-A-20, Class 1-A-21, Class 1-A-22, Class 1-A-R, Class 1-A-MR and Class 1-A-LR Certificates.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,006,549.92.

  • Certificate No 1-A-1-[_] Cut-off Date: October 1, 2004 First Distribution Date: November 25, 2004 Last Scheduled Distribution Date: October 25, 2034 Pass-Through Rate: Variable in accordance with the Agreement Initial Certificate Principal Balance of this Certificate $[ ] ("Denomination"): Initial Certificate Principal Balances of all Certificates $70,640,000 of this Class: CUSIP: 576434 WV 2 ISIN: US576434WV28 MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. MASTR ALTERNATIVE LOAN TRUST 2004-11 Mortgage Pass-Through Certificates, Series 2004-11 Class 1-A-1 evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class with respect to a Trust Fund consisting primarily of conventional mortgage loans (the "Mortgage Loans") secured by first liens on one- to four-family residential properties Mortgage Asset Securitization Transactions, Inc., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance at any time may be less than the Certificate Principal Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, the Trust Administrator, the Trustee or the Custodians referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that [_______] is the registered owner of the Percentage Interest evidenced by this Certificate in certain monthly distributions with respect to a Trust Fund consisting primarily of the Mortgage Loans deposited by Mortgage Asset Securitization Transactions, Inc. (the "Depositor"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among the Depositor, UBS Real Estate Securities Inc., as transferor (the "Transferor"), Wells Fargo Bank, National Association, as master servicer (in such capxxxxx, the "Servicer"), trust administrator (in such capacity, the "Trust Administrator") and a custodian, U.S. Bank National Association, as a custodian and as trustee (the "Trustee"). Distributions on this Certificate will be made primarily from collections on the applicable Mortgage Loans pursuant to the terms of the Agreement. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trust Administrator.

  • Class PO Certificates Private Certificates..................................... Class P, Class B-4, Class B-5 and Class B-6 Certificates. Rating Agencies.......................................... Fitch and S&P. Regular Certificates..................................... All Classes of Certificates other than the Class A-R Certificates. Residual Certificate..................................... Class A-R Certificates.

  • REMIC Certificate Maturity Date Solely for purposes of satisfying Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the "latest possible maturity date" of the regular interests in the Upper-Tier REMIC, Middle-Tier REMIC and Lower-Tier REMIC is October 25, 2035.

  • LIBOR Certificates Notional Amount Certificates........... None. Notional Amount Components............. None. Offered Certificates................... All Classes of Certificates other than the Private Certificates. Physical Certificates.................. Class A-R Certificates and the Private Certificates. Planned Principal Classes.............. None.

  • Trust Administrator Not Liable for Certificates or Mortgage Loans The recitals contained herein shall be taken as the statements of the Depositor or the Master Servicer or a Servicer, as the case may be, and the Trust Administrator assumes no responsibility for their correctness. The Trust Administrator makes no representations as to the validity or sufficiency of this Agreement, the Certificates or of any Mortgage Loan or related document. The Trust Administrator shall not be accountable for the use or application by the Depositor, the Sellers, the Master Servicer or the Servicers of any funds paid to the Depositor or the Master Servicer or any Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Certificate Account by the Depositor, the Sellers or the Master Servicer or the Servicers. The Trust Administrator shall not be responsible for the legality or validity of this Agreement or the validity, priority, perfection or sufficiency of the security for the Certificates issued or intended to be issued hereunder. The Trust Administrator shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection for any security interest or lien granted to it hereunder or to record this Agreement.

  • Principal Balance Each Receivable had a remaining Principal Balance as of the Cutoff Date of not less than $500.

  • Additional Certificates The Company shall have furnished to the Agents such certificate or certificates, in addition to those specifically mentioned herein, as the Agents may have reasonably requested as to the accuracy and completeness at each Representation Date of any statement in the Registration Statement or the Prospectuses or any documents filed under the Exchange Act and Canadian Securities Laws and deemed to be incorporated by reference into the Prospectuses, as to the accuracy at such Representation Date of the representations and warranties of the Company herein, as to the performance by the Company of its obligations hereunder, or as to the fulfillment of the conditions concurrent and precedent to the obligations hereunder of the Agents.

  • Certificates from Lenders A certificate of a Lender or the Issuing Bank setting forth the amount or amounts, in Dollars, necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section shall be promptly delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof.

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