Class M Yield Maintenance Agreement definition

Class M Yield Maintenance Agreement. The interest rate cap agreement between the Trustee, on behalf of the Trust, and the Class M Yield Maintenance Agreement Provider substantially in the form attached hereto as Exhibit N. The Class M Yield Maintenance Agreement shall not be an asset of any REMIC formed under this Agreement.
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Examples of Class M Yield Maintenance Agreement in a sentence

  • The Trustee shall deposit in the Class M Reserve Account on the date received by it, any Class M Yield Maintenance Agreement Payment received from the Class M Yield Maintenance Agreement Provider for the related Distribution Date.

  • The Trustee is hereby directed to execute and deliver, on behalf of the Trust, the Class A-1 Yield Maintenance Agreement, Group 2-A Yield Maintenance Agreement and Class M Yield Maintenance Agreement.

  • The Trustee is hereby directed to execute and deliver, on behalf of the Trust, the Class A-2 Yield Maintenance Agreement and Class M Yield Maintenance Agreement.

  • The Depositor hereby directs the Trustee to enter into and execute the Class A-2 Yield Maintenance Agreement and the Class M Yield Maintenance Agreement on the Closing Date on behalf of the Trust for the benefit of the Holders of the Class A-2 Certificates and Class M Certificates, respectively.

  • The Depositor, the Servicer and the Holders of the Class A-2 and Class M Certificates (by their acceptance of such Certificates) acknowledge that JPMorgan Chase Bank is entering into the Class A-2 Yield Maintenance Agreement and the Class M Yield Maintenance Agreement solely in its capacity as Trustee of the Trust Fund and not in its individual capacity.

  • The Securities Administrator is hereby directed to execute and deliver, on behalf of the Trust, the Class A Yield Maintenance Agreement and Class M Yield Maintenance Agreement.

  • The Trustee is hereby directed to execute, deliver and perform its obligations under each Yield Maintenance Agreement on the Closing Date and thereafter on behalf of the Holders of the Class AV-1, Class AV-2 and Class AV-3 Certificates, in the case of the Group I Yield Maintenance Agreement, the Holders of the Class AF-1 Certificates, in the case of the Class AF-1 Yield Maintenance Agreement and the Holders of the Class M Certificates, in the case of the Class M Yield Maintenance Agreement.

  • The Trustee is hereby directed to execute, deliver and perform its obligations under each Yield Maintenance Agreement on the Closing Date and thereafter on behalf of the Holders of the Class AV-1 and Class AV-2 Certificates, in the case of the Group I Yield Maintenance Agreement, and the Holders of the Class M Certificates, in the case of the Class M Yield Maintenance Agreement.

  • The Securities Administrator shall deposit in the Class M Reserve Account on the date received by it, any Class M Yield Maintenance Agreement Payment received from the Class M Yield Maintenance Agreement Provider for the related Distribution Date.

Related to Class M Yield Maintenance Agreement

  • Class M-1 Margin For any Distribution Date (i) on or prior to the Optional Termination Date, 0.700% per annum and (ii) thereafter, 1.050% per annum.

  • Class M-2 Margin For any Distribution Date on or prior to the Optional Termination Date, 0.900% per annum and, for any Distribution Date after the Optional Termination Date, 1.350% per annum.

  • Class M-2 Pass-Through Rate For the first Distribution Date, _____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-2 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class M-1 Pass-Through Rate For the first Distribution Date, ____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-1 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class M-3 Pass-Through Rate For the first Distribution Date, _____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-3 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class M-4 Pass-Through Rate For the first Distribution Date, 4.790% per annum, and for any Distribution Date thereafter, the lesser of (i) One-Month LIBOR for the related Accrual Period plus the Class M-4 Margin for such Distribution Date and (ii) the Interest Rate Cap for such Distribution Date.

  • Class M-5 Pass-Through Rate For the first Distribution Date, 5.7700% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class M-5 Margin, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.

  • Class M-4 Margin With respect to any Distribution Date prior to the second Distribution Date after the first possible Optional Termination Date, 0.520% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.780% per annum.

  • Class M-2 Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class M-2 Certificates.

  • Class M-6 Certificate Any one of the Class M-6 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class M-6 Certificates All Certificates bearing the class designation of "Class M-6".

  • Class M-3 Margin As of any Distribution Date up to and including the Initial Optional Termination Date, 0.3300% per annum and, as of any Distribution Date after the Initial Optional Termination Date, 0.4950% per annum.

  • Class M-1 Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class M-1 Certificates.

  • Class M-5 Certificate Any one of the Class M-5 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class M-1 Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class M-1 Pass-Through Rate on the Class M-1 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or Class M-1 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class M-1 Certificates.

  • Class M-2 Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class M-2 Pass-Through Rate on the Class M-2 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or Class M-2 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class M-2 Certificates.

  • Class M-1 Certificate Any one of the Class M-1 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class M-5 Certificates All Certificates bearing the class designation of "Class M-5".

  • Class M-2 Certificate Any one of the Class M-2 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

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

  • Class M-7 Certificate Any one of the Class M-7 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class M-9 Certificate Any one of the Class M-9 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class M-3 Certificate Any one of the Class M-3 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

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

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

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