Excess Yield Maintenance Amount definition

Excess Yield Maintenance Amount. With respect to any Distribution Date, the excess, if any, of (a) the sum of the Yield Maintenance Payments for such Distribution Date over (b) the sum of the Yield Maintenance Agreement Amounts for the Adjustable Rate Certificates for such Distribution Date.
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Excess Yield Maintenance Amount. With respect to any Distribution Date, the excess, if any, of (a) the sum of the amounts received under the Yield Maintenance Agreements for such Distribution Date, over (b) the amount required to pay Current Interest on such Distribution Date on the Class A, Class M-1 and Class M-2 Certificates at the applicable Pass-Through Rate, calculated at the lesser of (1) One-Month LIBOR plus the Applicable Margin for the related Interest Accrual Period or (2) 11.500% per annum, to the extent not otherwise paid from Interest Funds.
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Excess Yield Maintenance Amount. With respect to any Distribution Date, the excess, if any, of (a) the amount received under the Yield Maintenance Agreement for such Distribution Date, over (b) the Interest Distribution Amount that the Class A, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Certificates would have been entitled to receive on such Distribution Date had the applicable Pass-Through Rate on such Class of Certificates been calculated at One-Month LIBOR on such Distribution Date plus the applicable Certificate Margin for the related Accrual Period, to the extent that such Interest Distribution Amount was not otherwise paid from Interest Funds on such Distribution Date to such Class of Certificates.
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Examples of Excess Yield Maintenance Amount in a sentence

  • In the event that the amount received by the Trustee with respect to the Yield Maintenance Agreement for any Distribution Date exceeds the amounts required under subclause (2) of clauses (a) through (h) above on such Distribution Date, such aggregate amount will constitute the Excess Yield Maintenance Amount and will be distributed by the Trustee on such Distribution Date in the manner set forth in Section 5.04(a)(iii) in accordance with the Remittance Report for such Distribution Date.

  • On each Distribution Date, the Trustee will, to the extent of any remaining Net Monthly Excess Cashflow and any remaining Excess Yield Maintenance Amount following the distribution of any remaining Net Monthly Excess Cashflow and any remaining Excess Yield Maintenance Amount on such Distribution Date as set forth in Section 5.04(a)(iii) clauses first through third, deposit any remaining Net Monthly Excess Cashflow and any remaining Excess Yield Maintenance Amount in the Basis Risk Reserve Fund.

  • On each Distribution Date following application of any Yield Maintenance Payments as described in the immediately preceding paragraph, any Excess Yield Maintenance Amount will be distributed by the Paying Agent on such Distribution Date in the manner set forth in Section 5.04(a) in accordance with the Remittance Report for such Distribution Date.

  • In the event that the amount received by the Trustee with respect to the Yield Maintenance Agreement for any Distribution Date, exceeds the amounts required under subclause (2) of clauses (a) through (d) above on such Distribution Date, such aggregate amount will constitute the Excess Yield Maintenance Amount and will be distributed on such Distribution Date in the manner set forth in Section 5.04(a)(iii).

  • In the event that the amount received by the Trustee with respect to the Yield Maintenance Agreements for any Distribution Date, exceeds the amounts required under subclause (2) of clauses (a) through (c) above on such Distribution Date, such excess amount will constitute the Excess Yield Maintenance Amount and will be distributed by the Trustee on such Distribution Date in the manner set forth in Section 6.01.

  • In the event that the amount received by the Trustee with respect to the Yield Maintenance Agreement for any Distribution Date exceeds the amounts required under subclause (2) of clauses (a) through (e) above on such Distribution Date, such aggregate amount will constitute the Excess Yield Maintenance Amount and will be distributed by the Trustee on such Distribution Date in the manner set forth in Section 5.04(a)(iii) in accordance with the Remittance Report for such Distribution Date.

  • For purposes of calculating if there is any Excess Yield Maintenance Amount remaining for purposes of clause (iii) seventh above, remaining Excess Cashflow, to the extent thereof, shall be applied first in the preceding clauses including to pay the Class B-IO Distribution Amount and then any Excess Yield Maintenance Amount shall be applied.

  • On each Distribution Date following application of any Yield Maintenance Payments as described in the immediately preceding paragraph, any Excess Yield Maintenance Amount will be distributed by the Trustee on such Distribution Date in the manner set forth in Section 5.04(a) in accordance with the Remittance Report for such Distribution Date.

  • On each Distribution Date, the Trustee will, to the extent of any remaining Net Monthly Excess Cashflow and any remaining Excess Yield Maintenance Amount following the distribution of any remaining Net Monthly Excess Cashflow and any remaining Excess Yield Maintenance Amount on such Distribution Date as set forth in Section 5.04(a)(iii) clauses first through second, deposit any remaining Net Monthly Excess Cashflow and any remaining Excess Yield Maintenance Amount in the Basis Risk Reserve Fund.

  • In the event that amounts received by the Trustee with respect to a Yield Maintenance Agreement relating to subclause (1) of clauses (a) through (d) above, as applicable, exceed the amount required under subclause (2) of clauses (a) through (d) above, respectively, such aggregate amount will constitute the Excess Yield Maintenance Amount and will be distributed on such Distribution Date in the manner set forth in Section 5.04(a)(III) through (VIII).


More Definitions of Excess Yield Maintenance Amount

Excess Yield Maintenance Amount. With respect to any Distribution Date, the excess, if any, of (a) the sum of the amount received under the Yield Maintenance Agreement, over (b) the amount required to pay Current Interest on the Class A-1, Class A-2, Class M-1, Class M-2 and Class B Certificatex xx xxx xxxxxcable pass-through rate, calculated at the lesser of (1) One-Month LIBOR plus the applicable margin for the related accrual period or (2) 11% per annum, to the extent not otherwise paid from Interest Funds.
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Excess Yield Maintenance Amount. As defined in Section 5.05.
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Excess Yield Maintenance Amount. With respect to any Distribution Date, the excess, if any, of (a) the sum of the Yield Maintenance Payment for such Distribution Date over (b) the sum of the Yield Maintenance Agreement Amounts for such Distribution Date.
Sample 1
Excess Yield Maintenance Amount. With respect to any Distribution Date, is the excess, if any, of (a) the sum of the amount received under the Yield Maintenance Agreement for such Distribution Date, over (b) the Basis Risk Shortfall for such Distribution Date.
Sample 1
Excess Yield Maintenance Amount. With respect to any Distribution Date, the sum of (A) the excess, if any, of (a) the Yield Maintenance Payment for such Distribution Date under the Class A Yield Maintenance Agreement over (b) the sum of the Yield Maintenance Agreement Amount for the Class A Certificates for such Distribution Date and (B) the excess, if any, of (a) the Yield Maintenance Payment for such Distribution Date under the M-1 and M-2 Yield Maintenance Agreement over (b) the Yield Maintenance Agreement Amount for the Class M-1 and Class M-2 Certificates for such Distribution Date.
Sample 1
Excess Yield Maintenance Amount. With respect to any Distribution Date, the excess, if any, of (a) the sum of the amounts received under the Yield Maintenance Agreements, over (b) the sum of the Yield Maintenance Agreement Amounts for the Class A-1, Class X-0, Xxxxx X-0, Class M-1, Class M-2 and Class B Certificates for such Distribution Date.
Sample 1

Related to Excess Yield Maintenance Amount

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Yield Maintenance Period means the period from and including the date of this Note until but not including the Scheduled Initial Maturity Date.

  • Yield Maintenance Account The separate trust account maintained and held by the Trustee pursuant to Section 3.16, which account shall bear a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Trust on behalf of the Class A Certificateholders, and which account provides that the Trustee may make, or cause to be made, withdrawals therefrom in accordance with Section 3.16.

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Interest Remittance Amount For any Distribution Date and Loan Group, an amount equal to the sum of (1) all interest collected (other than related Payaheads, if applicable) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Loan Group during the related Collection Period, the interest portion of Payaheads previously received and intended for application in the related Collection Period and the interest portion of all Payoffs and Curtailments received on the Mortgage Loans in such Loan Group during the related Prepayment Period (other than interest on Principal Prepayments that occur during the portion of the Prepayment Period that is in the same calendar month as the related Distribution Date), less (x) the Servicing Fees (other than any Excess Servicing Fee) and any lender paid Primary Insurance Policy premiums with respect to such Mortgage Loans and (y) unreimbursed Advances and other amounts due to a Servicer, the Back-Up Servicer or the Trustee with respect to such Mortgage Loans, to the extent allocable to interest, (2) all Compensating Interest Payments paid by a Servicer with respect to the related Mortgage Loans with respect to such Distribution Date, (3) the portion of any Substitution Adjustment Amount and Repurchase Price paid with respect to such Mortgage Loans during the calendar month immediately preceding the Distribution Date, in each case allocable to interest and the proceeds of any purchase of the Mortgage Loans by the Terminating Entity pursuant to Section 9.01 in an amount not exceeding the interest portion of the Par Value, (4) all Net Liquidation Proceeds, and any Insurance Proceeds and other recoveries (net of unreimbursed Advances, Servicing Advances and expenses, to the extent allocable to interest, and unpaid Servicing Fees) collected with respect to such Mortgage Loans during the prior calendar month, to the extent allocable to interest, (5) any amounts withdrawn from the Capitalized Interest Amount to pay interest on the related Certificates with respect to such Distribution Date and (6) the aggregate Excess Servicing Fee to be distributed to the Class A-IO-S Certificates.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Principal Remittance Amount With respect to any Distribution Date, the sum of the Group I Principal Remittance Amount and the Group II Principal Remittance Amount.

  • Yield Maintenance Agreement The yield maintenance agreement between the Trustee, on behalf of the Trust, and the Counterparty, which will be primarily for the benefit of the Class 1-CB-1 Certificates, substantially in the form attached hereto as Exhibit Q. The Yield Maintenance Agreement shall not be an asset of any REMIC formed under this Agreement.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Remittance Amount means the funds denominated in Singapore Dollars or United Stated Dollars which is to be debited from the Customer's Account(s) and converted into the specified Foreign Amount.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Applied Loss Amount With respect to any Distribution Date, the amount, if any, by which (x) the aggregate Certificate Principal Amount of the Certificates after giving effect to all Realized Losses incurred with respect to the Mortgage Loans during the related Collection Period and distributions of principal on such Distribution Date, but before giving effect to any application of the Applied Loss Amount with respect to such date, exceeds (y) the Pool Balance for such Distribution Date.

  • Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of: 0.25%) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Delinquency Amount means, as of any Distribution Date, the Principal Balance of all Contracts that were delinquent 60 days or more as of the end of the related Due Period (including Contracts in respect of which the related Motorcycles have been repossessed and are still in inventory).

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).