Examples of Excess Yield in a sentence
The Trustee shall cause to be maintained at one of its offices or at its designated agent, a Certificate Register in which there shall be recorded the name and address of each Certificateholder and of the Excess Yield Interest Holder.
Promptly after the execution of any such amendment, the Trustee shall furnish written notification of the substance of such amendment to the Delaware Trustee, the Excess Yield Interest Holder and each Certificateholder.
Excess Yield Securities are securities backed by the excess servicing income relating to mortgages underlying previously issued Ginnie Mae mortgage-backed securities.
Washington Mutual Bank, FA shall be recorded in the Certificate Register as the initial Excess Yield Interest Holder.
Amounts distributed pursuant to clause (i) above shall be distributed by wire transfer in immediately available funds for the account of the Excess Yield Interest Holder or by any other means of payment specified by the Excess Yield Interest Holder to the Trustee.