Yield Maintenance Agreements Clause Samples

Yield Maintenance Agreements. The Class 1-A Yield Maintenance Agreement and the Class 2-A Yield Maintenance Agreement.

Yield Maintenance Agreements. The Trust shall have the power and authority, and the Trustee (not in its individual capacity, but solely as Trustee hereunder) is hereby authorized and directed, to (i) enter into and perform the obligations of the Trust under each Yield Maintenance Agreement and (ii) exercise and enforce the rights of the Trust as specified therein.

Yield Maintenance Agreements. (A) On the Closing Date, Trustee shall, for the benefit of the RALI Series 2006-QH1 Trust, enter in the Class A/Class M Yield Maintenance Agreement with the Yield Maintenance Agreements Provider. On the Business Day prior to each Distribution Date from and including the Distribution Date in January 2007 to and including the Distribution Date in October 2011, the Trustee shall deposit any amounts received under the Class A/Class M Yield Maintenance Agreements into the Certificate Account. On each Distribution Date from and including the Distribution Date in January 2007 to and including the Distribution Date in October 2011, the Trustee shall withdraw from the Certificate Account any amounts received under the Class A/Class M Yield Maintenance Agreement and distribute such amounts as follows: (i) first, to the Holders of the Offered Certificates in the order of priority set forth in Section 4.02(c)(i), to cover Accrued Certificate Interest (after taking into account the distributions made pursuant to Section 4.02(c)(i) on that Distribution Date); (ii) second, to the Holders of the Offered Certificates in the order of priority set forth in Section 4.02(d), to cover Realized Losses to extent necessary to maintain the Required Overcollateralization Amount; (iii) third, to the Holders of the Offered Certificates in the order of priority set forth in Sections 4.02(c)(vi) and (vii), to cover Interest Carryforward Amounts and Basis Risk Shortfalls (after taking into account the distributions made pursuant to Sections 4.02(c)(vi) and (vii) on that Distribution Date); and (iv) fourth, to the Holders of the Class SB Certificates. (B) On the Closing Date, Trustee shall, for the benefit of the RALI Series 2006-QH1 Trust, enter in the Class A-3 Yield Maintenance Agreement with the Yield Maintenance Agreements Provider. On the Business Day prior to each Distribution Date from and including the Distribution Date in January 2007 to and including the Distribution Date in October 2011, the Trustee shall deposit any amounts received under the Class A-3 Yield Maintenance Agreement into the Certificate Account. On each Distribution Date from and including the Distribution Date in January 2007 to and including the Distribution Date in October 2011, the Trustee shall withdraw from the Certificate Account any amounts received under the Class A-3 Yield Maintenance Agreement and distribute such amounts as follows: (i) first, to the Holders of the Class A-3 Certificates, to cover Acc...

Yield Maintenance Agreements. The Trustee is hereby authorized and directed to cause the Trust to enter into the Yield Maintenance Agreements and to execute and deliver such Yield Maintenance Agreements on its behalf solely in its capacity as trustee of the Trust.

Yield Maintenance Agreements. The Class 1-A1 Yield Maintenance Agreement and the Class 1-A5 Yield Maintenance Agreement, as described in Section 5.29 and set forth in Exhibit U and Exhibit U-1 hereto, respectively. YIELD MAINTENANCE AGREEMENT REMITTANCE DATE: The day that is two New York business days prior to each Distribution Date, provided that if such day is not a New York business day, such Yield Maintenance Agreement Remittance Date shall be the next preceding New York business day.

Yield Maintenance Agreements. The Depositor hereby authorizes and directs the Trustee to (i) enter into and perform the obligations of the Trustee, not in its individual capacity but solely as Trustee of the BellaVista Mortgage Trust 2005-2, under the Yield Maintenance Agreements and (ii) exercise and enforce the rights of the Trustee as specified therein.

Yield Maintenance Agreements. Any of the ▇▇▇▇s 1-A-1 Yield Maintenance Agreement, the Class 1-A-2 Yield Maintenance Ag▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ ▇-A-1 Yield Maintenance Agreement.

Yield Maintenance Agreements. (a) In the event that the Securities Administrator does not receive by the Business Day preceding a Payment Date the amount reported to the Securities Administrator as the amount to be paid with respect to such Payment Date by the Yield Maintenance Provider under each of the Yield Maintenance Agreements, the Securities Administrator shall notify the Indenture Trustee and the Indenture Trustee, at the direction of the Holders of a majority of the aggregate Note Principal Balances of the Notes in accordance with Section 5.11, shall enforce the obligation of the Yield Maintenance Provider under such Yield Maintenance Agreement. The parties hereto acknowledge that the Yield Maintenance Provider shall make all calculations, and determine the amounts to be paid, under each of the Yield Maintenance Agreements. The Securities Administrator may conclusively rely on such calculations and determination and any notice received by it from the Yield Maintenance Provider pursuant to the Yield Maintenance Agreements. The Indenture Trustee may conclusively rely on information provided to it by the Securities Administrator. The Indenture Trustee has no obligation to monitor, and no liability for, the performance of the Securities Administrator under the Yield Maintenance Agreements, and the Indenture Trustee shall be indemnified by the Trust and held harmless against any loss, liability or expense incurred in the administration of the Yield Maintenance Agreements as provided under Section 6.07. (b) The Securities Administrator shall deposit or cause to be deposited any amount received under either Yield Maintenance Agreement into the Payment Account on the date such amount is received from the Yield Maintenance Provider (including termination payments, if any). All payments received under the Yield Maintenance Agreements shall be distributed as part of Available Funds. (c) Payments made under the Yield Maintenance Agreements shall be distributed in the following order of priority: (i) first, to the Holders of the Class A Notes, on a pro rata basis, and then to the Class M-1, Class M-2, Class B-1 and Class B-2 Notes, in that order, any Basis Risk Shortfall Carry-Forward Amount for such Notes on such Payment Date; and (ii) any remaining amounts will be distributed to the Certificate Paying Agent, as designee of the Issuer, for the benefit of the Holders of the Trust Certificates.

Yield Maintenance Agreements. (a) In the event that the Indenture Trustee or the Paying Agent does not receive any required payment from the Yield Maintenance Provider under either the Group I Yield Maintenance Agreement or the Group II Yield Maintenance Agreement, as applicable, the Indenture Trustee, upon the written direction of any of the Enhancer, a majority of the Noteholders or the Servicer shall enforce the obligation of the Yield Maintenance Provider thereunder. The parties hereto acknowledge that the Yield Maintenance Provider shall make all calculations, and determine the amounts to be paid, under the Yield Maintenance Agreements. Absent manifest error, the Indenture Trustee and the Paying Agent, as applicable, may conclusively rely on such calculations and determinations. (b) The Indenture Trustee or the Paying Agent, as applicable, shall deposit or cause to be deposited any amount received under either Yield Maintenance Agreement into the Note Payment Account on the Payment Date for which such amount is received from the Yield Maintenance Provider under such Yield Maintenance Agreement.