Certificate Yield definition
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.
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.
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.
If all or any portion of the Certificate Amounts, any Certificate Yield payable thereon or any other amount payable hereunder shall not be paid when due (whether at stated maturity, acceleration thereof or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to the Overdue Rate.
For the avoidance of doubt, the indemnity in this Section 5.02(d) shall not extend to any amounts in respect of Certificate Base Amount or Certificate Yield not paid to the Beneficial Owners under Section 5.01 hereof.
Except as the parties may otherwise agree in writing, Advances shall be made solely to provide the Construction Agent with funds with which to pay or reimburse itself for Property Improvements Costs, except that the Participants shall make Certificate Yield Payment Advances, and Interest Payment Loans, in accordance with the provisions of Section 4.1 hereof and Section 2.2 of the Construction Loan Agreement, up to the maximum amounts set forth in such provisions.
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.
The Funding Date with respect to any such Certificate Yield Payment Advance shall be the relevant Scheduled Payment Date (provided that the making of a Certificate Amount pursuant to such payment shall be subject to satisfaction of the applicable conditions precedent set forth in Section 6.2) and the proceeds of such payment shall be applied to such accrued Certificate Yield but shall not be paid to the Certificate Trustee during the Interim Term, and instead shall be added to the Certificate Amount.
Under the Trust Agreement, there will be distributed on the Final Distribution Date to the person in whose name this Beneficial Interest 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 on the Final Distribution Date, such Beneficial Owner=s fractional undivided interest in the Certificate Base Amount to be distributed to Beneficial Owners on the Final Distribution Date.