Common use of Yield Maintenance Agreements Clause in Contracts

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.

Yield Maintenance Agreements. (Aa) 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.