Yield Maintenance Agreement Amount definition

Yield Maintenance Agreement Amount. In the case of a Class of Group I Certificates, with respect to any Distribution Date through the Distribution Date in February 2013, if One-Month LIBOR is greater than the applicable Strike Price, an amount equal to the result of multiplying (A) the actual number of days in the applicable Accrual Period divided by 360 by (B) the product of (a) the rate equal to the excess of (x) the lesser of One-Month LIBOR and the applicable Ceiling Rate over (y) the applicable Strike Price and (b) an amount equal to the lesser of the aggregate Certificate Principal Balance of such Class and the Projected Principal Balance for such Class for that Distribution Date. In the case of a Class of Group II Certificates, with respect to any Distribution Date through the Distribution Date in March 2010, if One-Month LIBOR is greater than the applicable Strike Price, an amount equal to the result of multiplying (A) the actual number of days in the applicable Accrual Period divided by 360 by (B) the product of (a) the rate equal to the excess of (x) One-Month LIBOR over (y) the applicable Strike Price and (b) an amount equal to the lesser of the aggregate Certificate Principal Balance of such Class and the Projected Principal Balance for such Class for that Distribution Date.
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Yield Maintenance Agreement Amount. For any Distribution Date and each Class of Adjustable Rate Certificates, the amount of Current Interest that such Class would have been entitled to receive on such Distribution Date had the applicable Pass-Through Rate been calculated at the lesser of (A) One-Month LIBOR plus the applicable Certificate Margin for the related Accrual Period and (B) 11% per annum, to the extent not otherwise paid from Interest Funds.
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Yield Maintenance Agreement Amount. For any Distribution Date and (A) the Class A Yield Maintenance Agreement, the sum for all Classes of Class A Certificates, of the amount of Current Interest that each such Class would have been entitled to receive on such Distribution Date had the applicable Pass-Through Rate been calculated at the lesser of (i) One-Month LIBOR plus the applicable Certificate Margin for the related Accrual Period and (ii) 11% per annum, and (B) the M-1 and M-2 Yield Maintenance Agreement, the sum for the Class M-1 and M-2 Certificates of the amount of Current Interest that each such Class would have been entitled to receive on such Distribution Date had the applicable Pass-Through Rate been calculated at the lesser of (i) One-Month LIBOR plus the applicable Certificate Margin and (ii) 10% per annum, to the extent not otherwise paid from Interest Funds.
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Examples of Yield Maintenance Agreement Amount in a sentence

  • On the Distribution Date immediately succeeding its receipt thereof, the Paying Agent shall distribute from each such Yield Maintenance Payment, to the related Class or Classes of Adjustable Rate Certificates, the Yield Maintenance Agreement Amount owed to such Class or Classes for such Distribution Date.

  • The Reserve Fund shall be entitled “Reserve Fund, U.S. Bank, as Trustee for the benefit of the holders of the JPMMT 2007-S3 Certificates.” On each Distribution Date, the Securities Administrator is hereby directed to, and shall therefore, deposit into the Reserve Fund all amounts received under the Yield Maintenance Agreement; provided however that the amount deposited from the Yield Maintenance Agreement on any Distribution Date shall not exceed the Maximum Yield Maintenance Agreement Amount.

  • On each Distribution Date, the Securities Administrator will withdraw from amounts in the Reserve Fund from payments in respect of the Yield Maintenance Agreement to pay the Class 1-A-5 Certificates any Basis Risk Shortfall Carryover Amounts owed to such class, to the extent of amounts remaining in the Reserve Fund from amounts deposited with respect to the Yield Maintenance Agreement, up to the Maximum Yield Maintenance Agreement Amount.

  • On each Distribution Date, the Securities Administrator will withdraw from amounts in the Reserve Fund from payments in respect of a Yield Maintenance Agreement to pay the Class 2-A-1 and Class 2-A-3 Certificates any Basis Risk Shortfall Carryover Amounts owed to each such class, in each case to the extent of amounts remaining in the Reserve Fund from amounts deposited with respect to the related Yield Maintenance Agreement, in each case, up to the related Maximum Yield Maintenance Agreement Amount.

  • The Reserve Fund shall be entitled “Reserve Fund, U.S. Bank, as Trustee for the benefit of the holders of the JPMMT 2007-S1 Certificates.” On each Distribution Date, the Securities Administrator is hereby directed to, and shall therefore, deposit into the Reserve Fund all amounts received under the Yield Maintenance Agreements; provided however that the amount deposited from any Yield Maintenance Agreement on any Distribution Date shall not exceed the related Maximum Yield Maintenance Agreement Amount.

  • The Reserve Fund shall be entitled “Reserve Fund, U.S. Bank, as Trustee for the benefit of the holders of the JPMMT 2007-S2 Certificates.” On each Distribution Date, the Securities Administrator is hereby directed to, and shall therefore, deposit into the Reserve Fund all amounts received under the Yield Maintenance Agreement; provided however that the amount deposited from the Yield Maintenance Agreement on any Distribution Date shall not exceed the Maximum Yield Maintenance Agreement Amount.

  • On each Distribution Date, the Securities Administrator will withdraw from amounts in the Reserve Fund from payments in respect of the Yield Maintenance Agreement to pay the Class 1-A-4 Certificates any Basis Risk Shortfall Carryover Amounts owed to such class, to the extent of amounts remaining in the Reserve Fund from amounts deposited with respect to the Yield Maintenance Agreement, up to the Maximum Yield Maintenance Agreement Amount.

  • In the event of a future reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation, rights offering, share exchange, reclassification, distribution, spin-off, or other change affecting the corporate structure, capitalization or Common Stock, the number of Restricted Stock Units you hold will be adjusted appropriately and equitably to prevent dilution or enlargement of your rights.

  • On the Distribution Date immediately succeeding its receipt thereof, the Trustee shall distribute from each such Yield Maintenance Payment, to the related Class of Adjustable Rate Certificates, the Yield Maintenance Agreement Amount owed to such Class for such Distribution Date.


More Definitions of Yield Maintenance Agreement Amount

Yield Maintenance Agreement Amount. For any Distribution Date and each of the Class A-1, Class X-0, Xxxxx X-0, Class M-1, Class M-2 and Class B Certificates, the amount of Current Interest that such Class would have been entitled to receive on such Distribution Date had the applicable Pass-Through Rate been calculated at the lesser of (A) One-Month LIBOR plus the applicable Certificate Margin for the related Accrual Period and (B) 11% per annum, to the extent not otherwise paid from Interest Funds. Yield Maintenance Provider: Bear Xxxxxxx Financial Products, Inc. or any successor in interest.
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Related to Yield Maintenance Agreement 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.

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

  • 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.

  • Maintenance agreement means a document recorded in the land records that acts as a property deed restriction, and which provides for long-term maintenance of stormwater management practices.

  • 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 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.

  • 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

  • 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.

  • 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.

  • 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.

  • 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.

  • Yield Supplement Amount means, with respect to any Collection Period and the related Deposit Date, the aggregate amount by which one month’s interest on the Principal Balance as of the first day of such Collection Period of each Discount Receivable (other than a Discount Receivable that is a Defaulted Receivable) at a rate equal to the Required Rate, exceeds one month’s interest on such Principal Balance at the APR of each such Receivable.

  • 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.

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Period Servicing Amount means, for any twelve month period with respect to each of the Shared-Loss Agreements during which the loss-sharing provisions of the applicable Shared-Loss Agreement are in effect, the product of (i) the simple average of the principal amount of Shared-Loss Loans and Shared-Loss Assets (other than the Shared-Loss Securities) (in each case as defined in the Shared-Loss Agreements), as the case may be, at the beginning of such period and at the end of such period times (ii) one percent (1%).

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Repayment Agreement means an agreement