Fixed Retained Yield definition

Fixed Retained Yield. The fixed percentage of interest on each Mortgage Loan with a Mortgage Interest Rate greater than the sum of (a) 6.250%, (b) the Servicing Fee Rate and (c) the Master Servicing Fee Rate, which will be determined on a loan by loan basis and will equal the Mortgage Interest Rate on each Mortgage Loan minus the sum of (a), (b) and (c), which is not assigned to and not part of the Trust Estate.

Fixed Retained Yield. [Yes][No]. Trustee:

Fixed Retained Yield. The fixed percentage of interest on each Mortgage Loan with a Mortgage Interest Rate greater than the sum of (a) 6.500%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate, which will be determined on a loan by loan basis and will equal the Mortgage Interest Rate on each Mortgage Loan minus the sum of (a), (b) and (c), which is not assigned to and not part of the Trust Estate.

Examples of Fixed Retained Yield in a sentence

• The Seller agrees to sell, and the Company agrees to purchase, the mortgage loans (the "Mortgage Loans"), other than the Fixed Retained Yield with respect to the Mortgage Loans, listed on the Mortgage Loan Schedule and all of the Seller's interest with respect to the Mortgage Loans as the owner in, to and under each Servicing Agreement.

• The purchase price for any such Mortgage Loan shall be 100% of the unpaid principal balance of such Mortgage Loan plus accrued interest thereon at the Mortgage Interest Rate, less any Fixed Retained Yield for such Mortgage Loan, through the last day of the month in which such repurchase occurs.

• Xhe Seller agrees to sell, and the Company agrees to purchase, the mortgage loans (the "Mortgage Loans"), other than the Fixed Retained Yield with respect to the Mortgage Loans, listed on the Mortgage Loan Schedule and all of the Seller's interest with respect to the Mortgage Loans as the owner in, to and under each Servicing Agreement.

• The Seller agrees to sell, and the Company agrees to purchase, the mortgage loans (the "Mortgage Loans"), other than the Fixed Retained Yield (as defined in the Agreement) with respect to the Mortgage Loans, listed on the Mortgage Loan Schedule and all of the Seller's interest with respect to the Mortgage Loans as the owner in, to and under each Servicing Agreement (as defined in the Pooling and Servicing Agreement).

• The Selxxx xxxees to sell, and the Company agrees to purchase, the mortgage loans (the "Mortgage Loans"), other than the Fixed Retained Yield with respect to the Mortgage Loans, listed on the Mortgage Loan Schedule and all of the Seller's interest with respect to the Mortgage Loans as the owner in, to and under each Servicing Agreement.

More Definitions of Fixed Retained Yield

Fixed Retained Yield. No. Trustee: U.S. Bank National Association. Independent Accountants: Deloitte & Touche LLP

Fixed Retained Yield. The fixed percentage of interest on each Mortgage Loan with a Mortgage Interest Rate greater than (i) for the Group I Mortgage Loans, the sum of (a) 5.000%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate and (ii) for the Group II Mortgage Loans, the sum of (a) 4.750%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate, which will be determined on a loan by loan basis and will equal the Mortgage Interest Rate on each Mortgage Loan minus the rate described in clause (i) or (ii), as applicable, which is not assigned to and not part of the Trust Estate.

Fixed Retained Yield. [Yes][No]. Trustee: [Trust Administrator: [______________] Independent Accountants:

Fixed Retained Yield. [Yes][No]. Trustee: [Securities Administrator:] [_________________] Independent Accounts:

Fixed Retained Yield. (i) With respect to the Crossed Mortgage Loans, the fixed percentage of interest on each Crossed Group Mortgage Loan with a Mortgage Interest Rate greater than the sum of (a) 6.000%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate, which will be determined on a loan by loan basis and will equal the Mortgage Interest Rate on each Crossed Group Mortgage Loan minus the sum of the rates described in clauses (a), (b) and (c), which is not assigned to and not part of the Trust Estate and (ii) with respect to the Group III Mortgage Loans, the fixed percentage of interest on each Group III Mortgage Loan with a Mortgage Interest Rate greater than the sum of (a) 5.250%, (b) the applicable Servicing Fee Rate and (c) the Master Servicing Fee Rate, which will be determined on a loan by loan basis and will equal the Mortgage Interest Rate on each Group III Mortgage Loan minus the sum of the rates described in clauses (a), (b) and (c), which is not assigned to and not part of the Trust Estate.

Fixed Retained Yield. [Yes][No].

Fixed Retained Yield. No. Trustee: U.S. Bank National Association. Independent Accountants: Deloitte & Touche LLP Book-Entry Registration: Settlement in "same-day" funds, to the extent practicable. REMIC residual certificates will not be issued in book-entry form, unless authorized by the Depositor.