Yield Maintenance Charges Sample Clauses

Yield Maintenance Charges. On each Distribution Date, the Trustee shall withdraw any amounts on deposit in the Upper-Tier Trust Account that represent Yield Maintenance Charges actually collected in respect of the Mortgage Loans and any REO Loans during the calendar month preceding the month in which such Distribution Date occurs, and shall distribute each payment made in respect of such Yield Maintenance Charges received in the following order of priority: (i) as additional interest to the Holders of the Class A-1 and the Class A-2 Certificates, until the Class Balance of each such Class is reduced to zero, in an amount equal to the product of (1) a fraction (not greater than one), the numerator of which is the Class A-1 Pass-Through Rate or Class A-2 Pass-Through Rate, as applicable, less the discount rate used in calculating such Yield Maintenance Charge, and the denominator of which is the Mortgage Rate of the applicable Mortgage Loan, less such discount rate, multiplied by (2) the appropriate Class Prepayment Percentage for such Class, multiplied by (3) the amount of such Yield Maintenance Charge received; provided, however, that, if the discount rate used to calculate the Yield Maintenance Charge exceeds the Class A-1 Pass-Through Rate or Class A-2 Pass- Through Rate, as applicable, such Class shall not be entitled to receive distributions of such Yield Maintenance Charges on such Distribution Date; (ii) to the Holders of the Class IO-2 Certificates until the Class Notional Amount of such Class has been reduced to zero, in an amount equal to the excess, if any, of the Yield Maintenance Charge over the amount distributable under clause (A) above; and (iii) pro rata to the Holders of the Class R Certificates. Notwithstanding any other provision of this Trust Agreement, the Holders of Senior Certificates and the Holders of the Class R Certificates entitled to receive Yield Maintenance Charges will receive them only to the extent actually received by the Trustee.
Sample 1
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Yield Maintenance Charges. On each Distribution Date, the Paying Agent shall be deemed to distribute to the Trustee, as holder of the REMIC I Regular Interests, any Yield Maintenance Charges collected on or with respect to the Mortgage Loans. On each Distribution Date, the Paying Agent shall be deemed to distribute to the Trustee, as holder of the REMIC II Regular Interests, any Yield Maintenance Charges deemed distributed to the REMIC I Regular Interests, to be deemed distributed to the REMIC II Regular Interest then entitled to distributions of principal from the Principal Distribution Amount (or, if more than one Class of such REMIC II Regular Interests is entitled to distributions of principal from the Principal Distribution Amount, such Yield Maintenance Charges shall be deemed to be allocated among such Classes in accordance with the distributions thereof made to the corresponding REMIC Regular Interests). Any Yield Maintenance Charges collected with respect to a Mortgage Loan during any particular Collection Period will be distributed to the REMIC Regular Certificates on the following Distribution Date 107 as follows: The Holders of the respective Classes of Principal Balance Certificates, other than the Class G, Class H, Class I, Class J, Class K, Class L and Class M Certificates, then entitled to distributions of principal from the Principal Distribution Amount for such Distribution Date, will be entitled to an amount equal to the product of (a) a fraction the numerator of which is the amount distributed as principal to such Class on such Distribution Date and the denominator of which is the total amount distributed as principal to all Classes of Certificates on such Distribution Date, (b) the Base Interest Fraction for the related principal prepayment and such Class of Certificates and (c) the aggregate amount of Yield Maintenance Charges collected on such principal prepayment during the related Collection Period. Any Yield Maintenance Charges received during the related Collection Period with respect to such Mortgage Loans remaining after such distributions shall be distributed on the Class X Certificates. No Yield Maintenance Charges will be distributed to holders of the Class G, H, I, J, K, L, M or Residual Certificates. The Trustee shall not be responsible for the Paying Agent's failure to comply with any related withholding requirements.
Sample 1

Related to Yield Maintenance Charges

  • Maintenance Charges 6.1 The maintenance services for the Said Plot / Said Complex/Said Building, as set out in Annexure T-IV to this Lease Deed, shall be provided by THE LESSOR or its nominees/ assigns, the estimated Maintenance Charges for which shall be calculated prorata of the super built up area of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid to THE LESSOR or its nominees/ assigns, in advance for each month, as per the xxxx(s)/ invoice(s) raised by THE LESSOR or its nominees/ assigns. 6.3 The Maintenance Charges shall be subject to deduction of Income Tax at source as applicable, from time to time. 6.4 Any other taxes/ duties/ charges/ cesses / levy(ies) etc. as applicable from time to time on Maintenance Charges including service tax shall be payable by THE LESSEE in addition to the Maintenance Charges mentioned hereinabove as and when demanded by THE LESSOR. 6.5 The Maintenance Charges shall be payable by the Due Date, in advance for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified in this Lease Deed are subject to increase of prices of diesel, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. during the Lease Term and the Lease Renewal Term (if any). 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March of the next calendar year), THE LESSOR or its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor certificate of expenditure/ expenses towards maintenance charges incurred during such financial year. Any under-recovery by THE LESSOR or its nominees/assigns shall become payable by THE LESSEE to THE LESSOR or its nominees/assigns and any over-recovery by THE LESSOR or its nominees/assigns shall become refundable by THE LESSOR/ or its nominees/assigns to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment shall be payable by either party within thirty (30) days of providing such third party auditor certificate and issuance of credit/ debit note (as applicable).

  • Finance Charges A finance charge is the cost you pay for credit. We will charge Interest Charges and Fees to your account as described to you in your statements and other Truth in Lending Disclosures. The following describes how the finance charge will be calculated on the Account. You have a 25-day grace (no finance charge) period on your purchase balance and for new purchases if you paid the entire New Balance on your last statement by the end of the grace period. You also have a 25-day grace period for new purchases if you did not have a balance on your last statement. The grace period starts on the billing cycle closing date. If you do not pay the entire New Balance by the end of the grace period, a finance charge will be imposed on the unpaid balance from the first day of the next billing cycle and on new purchases from the date they are posted to your Account. There is no grace period for cash advances. A finance charge will be imposed on cash advances from the date the cash advance is posted to your Account. Balance transfers as permitted by Credit Union from time to time in Credit Union’s sole discretion will be treated as cash advances for the purpose of all finance charges and finance charge calculations. Finance charges on your Account are calculated by applying the applicable Monthly Periodic Rate to the average daily balances for purchases and cash advances. Separate average daily balances are calculated for purchases and cash advances. To get each average daily balance, the daily balances for purchases and cash advances for the billing cycle are added and the totals are divided by the number of days in the cycle. To get the daily balance for cash advances, new cash advances are added to the day’s beginning balance and payments and credits are subtracted. To get the daily balance for purchases, new purchases are added to the day’s beginning balance and payments and credits are subtracted; however, new purchases are not added if you paid the entire New Balance on your last statement by the end of the grace period or if you did not have a balance on your last statement. Fees and unpaid finance charges are not included in the calculation of the average daily balance. Finance charges will continue to accrue on your Account until what you owe under this Agreement is paid in full. Credit Union may offer balance transfer, introductory rate, or other special rate promotions for your Account from time to time in Credit Union’s sole discretion. The applicable Monthly Periodic Rate and ANNUAL PERCENTAGE RATE for any promotion and any promotion terms and conditions will be disclosed to before or at the time you make use of such promotion.

  • Yield Maintenance Agreement The Trustee is hereby authorized and directed to, and agrees that it shall, enter into the Yield Maintenance Agreement on behalf of the Trust Fund.

  • Breakage Costs The Borrower shall pay all Breakage Costs required to be paid by it pursuant to this Agreement and incurred from time to time by any Lender upon demand within fifteen (15) days from receipt of written notice from the Agent, or such earlier date as may be required by this Agreement.

  • Maintenance Fees In case the Current account balance is less than a specific amount determined by the Bank management (subject to amendment from time to time), then the Bank may impose charges against the account’s maintenance which will be advertised at the Bank’s website and branches.

  • Unscheduled Maintenance Unscheduled maintenance may be required to resolve issues that are critical for Customer and/or performance of the Cloud Services. Druva will use its commercially reasonable efforts to notify Customer at least six (6) hours prior to the unscheduled maintenance.

  • Prepayment Premiums As of the applicable date of origination of each such Mortgage Loan, any prepayment premiums and yield maintenance charges payable under the terms of the Mortgage Loans, in respect of voluntary prepayments, constituted customary prepayment premiums and yield maintenance charges for commercial mortgage loans.

  • Utility Charges Tenant shall pay or cause to be paid all charges for electricity, power, gas, oil, water and other utilities used in connection with the Leased Property.

  • Loan Charges If any applicable law limiting the amount of interest or other charges permitted to be collected from Borrower is interpreted so that any charge provided for in any Loan Document, whether considered separately or together with other charges levied in connection with any other Loan Document, violates that law, and Borrower is entitled to the benefit of that law, that charge is hereby reduced to the extent necessary to eliminate that violation. The amounts, if any, previously paid to Lender in excess of the permitted amounts shall be applied by Lender to reduce the principal of the Indebtedness. For the purpose of determining whether any applicable law limiting the amount of interest or other charges permitted to be collected from Borrower has been violated, all Indebtedness which constitutes interest, as well as all other charges levied in connection with the Indebtedness which constitute interest, shall be deemed to be allocated and spread over the stated term of the Note. Unless otherwise required by applicable law, such allocation and spreading shall be effected in such a manner that the rate of interest so computed is uniform throughout the stated term of the Note.

  • Finance Charge Each Receivable provides for the payment of a finance charge or shall yield interest calculated on the basis of an APR ranging from 0.50% to 22.24%.

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