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 is defined in Section 3.9(a) of the Participation Agreement.
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Examples of Certificate Yield in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • On or before the Effective Date, the Trust sold 100% of the Class B limited liability company membership interest in Danno II, L.L.C. to Hawaii 125-0 Trust In accordance with Section 5.01 of the Trust Agreement, the Trust used the proceeds received from such sale to discharge in full the Trust’s obligations under the Note and the Facility Agreement (pursuant to Section 9.1 of the Facility Agreement) and to pay the Certificate Yield and Certificate Base Amount to CIBC Inc., as the sole Certificate Holder.

  • The Owner Trustee, for the benefit of the Subordinated Interest Holders and the Holder of the Residual Certificate, shall, upon the written request of the Servicer, establish and maintain in the name of the Trust an Eligible Securities Account (the "Certificate Yield Supplement Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Subordinated Interest Holders.

  • Prior to the Base Date, Certificate Yield shall accrue for the benefit of the Certificate Trustee in accordance with Section 4.1(d) of this Participation Agreement but shall not be paid to the Certificate Trustee during the Interim Term.

  • Funds on deposit in the Certificate Yield Supplement Account shall be invested in Eligible Investments that will mature so that such funds will be available at the close of business on the Transfer Date preceding the immediately following Distribution Date; PROVIDED, HOWEVER, that funds on deposit in the Certificate Yield Supplement Account may be invested in Eligible Investments of The Chase Manhattan Bank which may mature so that such funds will be available on the Distribution Date.


More Definitions of Certificate Yield

Certificate Yield has the meaning specified in Section 4 of the Face-Amount Certificate Agreement
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Certificate Yield is defined in Section 4.1(a) of the Participation Agreement.
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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 Class of Sequential Pay Certificates or Class PEZ Regular Interest, (a) as of any date of determination on or prior to the first Distribution Date, an amount (adjusted in the case of any Class of Class A-S, Class B and Class C Certificates to take into account any Certificate exchanges pursuant to Section 5.12 of this Agreement from and including the Closing Date up to and including such date of determination) equal to the aggregate initial Certificate Principal Amount of such Class of Sequential Pay Certificates or such Class PEZ Regular Interest, as specified in the Preliminary Statement hereto, and (b) as of any date of determination after the first Distribution Date, an amount (adjusted in the case of any Class of Class A-S, Class B and Class C Certificates to take into account any Certificate exchanges pursuant to Section 5.12 of this Agreement after the Distribution Date immediately prior to such date of determination up to and including such date of determination) equal to the Certificate Principal Amount of such Class of Sequential Pay Certificates or such Class PEZ Regular Interest on the Distribution Date immediately prior to such date of determination, after any actual distributions of principal thereon and allocations of Realized Losses thereto on such prior Distribution Date, and after any increases to such Certificate Principal Amount on such prior Distribution Date (as and to the extent provided in the penultimate sentence of the first paragraph of Section 4.01(f) of this Agreement) in connection with recoveries of Nonrecoverable Advances previously reimbursed out of collections of principal on the Mortgage Loans. The Certificate Principal Amount of the Class PEZ Component A-S shall at all times equal the Class A-S-PEZ Percentage Interest of the Certificate Principal Amount of the Class A-S Regular Interest. The Certificate Principal Amount of the Class PEZ Component B shall at all times equal the Class B-PEZ Percentage Interest of the Certificate Principal Amount of the Class B Regular Interest. The Certificate Principal Amount of the Class PEZ Component C shall at all times equal the Class C-PEZ Percentage Interest of the Certificate Principal Amount of the Class C Regular Interest. The Certificate Principal Amount of the Class PEZ Certificates shall at all times equal the aggregate Certificate Principal Amount of the Class PEZ Components.

  • 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.