Common use of Yield Maintenance Payment Clause in Contracts

Yield Maintenance Payment. For any Class of Class I-A Certificates and for any Distribution Date from and including March 2005 to and including August 2013, the lesser of (a) the Carryover Shortfall Amount for such Class for such Distribution Date and (b) such Class’ pro rata share of the related Yield Maintenance Available Payment Amount for such Distribution Date (such pro rata share calculated based on an allocation of the related Yield Maintenance Available Payment Amount among the related Classes of Class I-A Certificates pro rata according to Carryover Shortfall Amount, as applicable). For any Class of Class II-A Certificates (other than the Class 2-A-3 Certificates) and for any Distribution Date from and including March 2005 to and including August 2013, the lesser of (a) the Carryover Shortfall Amount for such Class for such Distribution Date and (b) such Class’ pro rata share of the related Yield Maintenance Available Payment Amount for such Distribution Date (such pro rata share calculated based on an allocation of the related Yield Maintenance Available Payment Amount among the related Classes of Class II-A Certificates (other than the Class 2-A-3 Certificates) pro rata according to Carryover Shortfall Amount, as applicable). For the Class Y Certificates for any Distribution Date from and including March 2005 to and including August 2013, the sum of (A) the excess, if any, of (i) the Yield Maintenance Available Payment Amounts for the Class I-A Certificates and the Class II-A Certificates for such Distribution Date over (ii) the aggregate of the Yield Maintenance Payments for the Class A Certificates for such Distribution Date and (B) the excess, if any, of (i) the amounts received by the Trustee pursuant to the Yield Maintenance Agreements for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.16 over (ii) the Yield Maintenance Available Payment Amount for the Class I-A Certificates and the Class II-A Certificates for such Distribution Date.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2005-Ar2), Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2005-Ar2), Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2005-Ar2)

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Yield Maintenance Payment. For any Class of Class I-A A-1 or Class I-A-2 Certificates and for any Distribution Date from and including March 2005 to and including August March 2013, the lesser of (ai) the Carryover Shortfall Amount for such Class for such Distribution Date and (bii) such Class’ pro rata share of the related Yield Maintenance Available Payment Amount for such Distribution Date (such pro rata share calculated based on an allocation of the such related Yield Maintenance Available Payment Amount among the related Classes of Class I-A A-1 or Class I-A-2 Certificates pro rata according to Carryover Shortfall Amount). For the Class I-A-X IO Component for any Distribution Date from and including March 2005 to and including March 2013, as applicable)the sum of the excess, if any, of (i) the (a) related Yield Maintenance Available Payment Amount for such Distribution Date over (b) aggregate of the related Yield Maintenance Payments for the Class I-A-1 or Class I-A-2 Certificates for such Distribution Date and (ii) the (a) amounts received by the Trustee pursuant to the related Yield Maintenance Agreement for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.05(e) over (b) related Yield Maintenance Available Payment Amount for such Distribution Date. For any Class of Class II-A Subordinated Certificates (other than the Class 2-A-3 Certificates) and for any Distribution Date from and including March 2005 to and including August 2013December 2009, the lesser of (ai) the Carryover Shortfall Amount for such Class for such Distribution Date and (bii) such Class’ pro rata share of the related Yield Maintenance Available Payment Amount for such Distribution Date (such pro rata share calculated based on an allocation of the such related Yield Maintenance Available Payment Amount among the related Classes of Class II-A Subordinated Certificates (other than the Class 2-A-3 Certificates) pro rata according to Carryover Shortfall Amount, as applicable). For the Class Y Certificates B-X IO Component for any Distribution Date from and including March 2005 to and including August 2013December 2009, the sum of (A) the excess, if any, of (i) the (a) related Yield Maintenance Available Payment Amounts for the Class I-A Certificates and the Class II-A Certificates Amount for such Distribution Date over (iib) the aggregate of the related Yield Maintenance Payments for the Class A Subordinated Certificates for such Distribution Date and (Bii) the excess, if any, of (ia) the amounts received by the Trustee pursuant to the related Yield Maintenance Agreements Agreement for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.16 3.05(e) over (iib) the related Yield Maintenance Available Payment Amount for the Class I-A Certificates and the Class II-A Certificates for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (BellaVista Mortgage Trust 2005-1)

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