Certificate Yield definition

Certificate Yield. The sum of (a) the amount accrued during the related Interest Period at the Certificate Rate on the sum of (i) the Certificate Balance immediately prior to such Payment Date and (ii) any previously accrued and unpaid amount at the Certificate Rate for prior Payment Dates, and (b) any previously accrued and unpaid amount at the Certificate Rate for prior Payment Dates.
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Certificate Yield means Distributions and Commitment Fees payable in respect of the Certificates.
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Certificate Yield has the meaning specified in Section 4 of the Face-Amount Certificate Agreement
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Examples of Certificate Yield in a sentence

  • Subject to the terms and conditions in this Agreement, each Note Holder hereby agrees, severally and not jointly and severally, to make an advance (each, an "Advance"), from time to time but not more frequently 6 than twice per month, on each Funding Date prior to the Commitment Termination Date, in the manner provided in Section 1.03, in amounts equal to its Percentage of Acquisition Costs (exclusive of Certificate Yield) specified in any Requisition issued for such Funding Date.

  • The Seller shall deposit into the Payment Account on the Business Day prior to the Payment Date on which such purchase is to occur, an amount equal to the principal balance of the Series 1997-1 Participation Interest and the amount of interest and Certificate Yield to be distributed to the Security holders pursuant to Section 3.05(a) as of such Payment Date.

  • The Seller shall deposit into the Payment Account on the Business Day prior to the Payment Date on which such purchase is to occur, an amount equal to the principal balance of the Series 1997-1 Participation Interest and the amount of interest and Certificate Yield to be distributed to the Security holders pursuant to Section 3.05(a) of the Indenture as of such Payment Date.

  • Under the Trust Agreement, and subject as provided in the following paragraph, there will be distributed on the Final Distribution Date to the person in whose name this Certificate is registered at the close of business on the 15th day immediately preceding the Final Distribution Date (the ARecord Date@), an amount representing Certificate Yield and Certificate Principal Base Amount.

  • The obligations of the Issuer to pay the Certificate Yield, and to repay the Invested Amount and such other amounts payable hereunder shall be secured by a security interest in the Portfolio assets pursuant to the Pledge Agreement.

  • Subject to the terms and conditions in this Agreement, each Certificate Holder hereby agrees, severally and not jointly and severally, to make an investment (each, an "Investment"), from time to time but not more frequently than twice per month, on each Funding Date prior to the Commitment Termination Date, in the manner provided in Section 1.03, in amounts equal to its Percentage of Acquisition Costs (exclusive of Certificate Yield) specified in any Requisition issued for such Funding Date.

  • No Note Holder shall have any obligation to make any Advance for any amount in excess of the lesser of (A) its aggregate Note Commitment and (B) its Percentage of the aggregate amount of Acquisition Costs (exclusive of Certificate Yield), less the aggregate amount of all prior Advances made by such Note Holder.

  • No Certificate Holder shall have any obligation to make any Investment for any amount in excess of the lesser of (A) its aggregate Certificate Commitment and (B) its Percentage of the aggregate amount of Acquisition Costs (exclusive of Certificate Yield), less the aggregate amount of all prior Investments made by such Certificate Holder.

  • The Lenders (until all amounts of principal, interest and all other amounts due under the Facility Agreement with respect to the Tranche have been paid in full) and the holder of the Series Certificate (for so long as the Trust is the holder of the Class B Member Interest and there are any amounts outstanding of Certificate Base Amount or Certificate Yield (as those terms are defined in the Trust Agreement)) are intended third party beneficiaries of this Agreement.

  • As discussed in more detail in the next subsection, PTP Obligations are financial instruments purchased in the day-ahead market.


More Definitions of Certificate Yield

Certificate Yield is defined in Section 4.1(a) of the Participation Agreement.
Sample 1
Certificate Yield is defined in Section 3.9(a) of the Participation Agreement.
Sample 1

Related to Certificate Yield

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • Certificate Principal Balance With respect to each Certificate (other than any Interest Only Certificate), on any date of determination, an amount equal to:

  • Class A-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Class B-4 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.

  • Group 2 Certificate Any Class A-2 Certificate.

  • Class B-3 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-3 and Exhibit C hereto. Class B-3 Certificateholder: The registered holder of a Class B-3 Certificate.

  • Principal Balance Certificates Each of the Class A-1, Class A-2, Class A-3, Class X-0, Xxxxx X-0, Class A-SB, Class A-S, Class B, Class C, Class D, Class E, Class F and Class NR Certificates.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Class B-3 Certificates All Certificates bearing the class designation of "Class B-3".

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Class M-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class M-1 Certificates.

  • Initial Certificate Principal Balance With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class M-2 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class M-2 Certificates.

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Certificate Principal Amount With respect to any Certificate, at the time of determination, the maximum specified dollar amount of principal to which the Holder thereof is then entitled hereunder, such amount being equal to the initial principal amount set forth on the face of such Certificate, less (i) the amount of all principal distributions previously made with respect to such Certificate; (ii) all Realized Losses allocated to such Certificate; and (iii) in the case of a Subordinate Certificate, any Subordinate Certificate Writedown Amount allocated to such Certificates. Notwithstanding the foregoing, on any Distribution Date relating to a Due Period in which a Subsequent Recovery has been received by the Servicer, the Certificate Principal Amount of any Class of Certificates then outstanding for which any Realized Loss or any Subordinate Certificate Writedown Amount has been applied will be increased, in order of seniority, by an amount equal to the lesser of (i) the amount such Class of Certificates has been written down in respect of Realized Losses or Subordinate Certificate Writedown Amounts, to the extent not previously offset by increases in Certificate Principal Amount pursuant to this sentence and (ii) the total of any Subsequent Recovery distributed on such date to the Certificateholders (reduced (x) by the amount of the increase in the Certificate Principal Amount of any more senior Class of Certificates pursuant to this sentence on such Distribution Date and (y) to reflect a proportionate amount of the increase in the Certificate Principal Amount of any pari passu Class of Certificates on such Distribution Date pursuant to this sentence). For purposes of Article V hereof, unless specifically provided to the contrary, Certificate Principal Amounts shall be determined as of the close of business of the immediately preceding Distribution Date, after giving effect to all distributions made on such date.

  • Super Senior Certificates As specified in the Preliminary Statement.

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Class B-3 Principal Balance As to the first Determination Date, the Original Class B-3 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-3 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-3 Certificates on prior Distribution Dates (A) pursuant to Paragraph thirteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-3 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance and the Class B-2 Principal Balance as of such Determination Date.