Yield Maintenance Available Payment Amount definition

Yield Maintenance Available Payment Amount. For any Distribution Date from and including the Distribution Date in January 2006 to and including the Final Yield Maintenance Payment Date, the lesser of (a) the amounts received by the Trustee pursuant to the Yield Maintenance Agreement for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.16 hereto and (b) a ratio, the numerator of which is the actual number of days in the accrual period and the denominator of which is 360 of the product of (i) the excess, if any, of (x) LIBOR, subject to a maximum of 10.24%, over (y) the related Cap Strike Rate and (ii) the lesser of (a) the aggregate Class Principal Balance of the Class A Certificates immediately prior to such Distribution Date and (b) the related Yield Maintenance Notional Balance for such Distribution Date.
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Yield Maintenance Available Payment Amount. For any Distribution Date and the Group I-A Certificates, from and including March 2005 to and including August 2013, the lesser of (a) the amounts received by the Trustee pursuant to the related Yield Maintenance Agreement for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.16 and (b) a ratio, the numerator of which is the actual number of days in the accrual period and the denominator of which is 360 of the product of (i) the excess, if any, of (x) LIBOR, subject to a maximum of 10.18%, over (y) the related Cap Strike Rate and (ii) the lesser of (a) the aggregate Class Principal Balance of the Group I-A Certificates immediately prior to such Distribution Date and (b) the related Yield Maintenance Notional Balance for such Distribution Date. For any Distribution Date and the Group II-A Certificates (other than the Class 2-A-3 Certificates), from and including March 2005 to and including August 2013, the lesser of (a) the amounts received by the Trustee pursuant to the related Yield Maintenance Agreement for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.16 and (b) a ratio, the numerator of which is the actual number of days in the accrual period and the denominator of which is 360 of the product of (i) the excess, if any, of (x) LIBOR, subject to a maximum of 10.16%, over (y) the related Cap Strike Rate and (ii) the lesser of (a) the aggregate Class Principal Balance of the Group II-A Certificates (other than the Class 2-A-3 Certificates) immediately prior to such Distribution Date and (b) the related Yield Maintenance Notional Balance for such Distribution Date.
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Yield Maintenance Available Payment Amount. For any Distribution Date from and including February 2005 to and including July 2015, the lesser of (i) the amounts received by the Trustee pursuant to the Yield Maintenance Agreement for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.05(e) and (ii) the product of (a) a fraction, the numerator of which is the actual number of days in the Interest Accrual Period and the denominator of which is 360, (b) the excess, if any, of (x) LIBOR, subject to a maximum of 10.50%, over (y) the related Cap Strike Rate and (c) the product of 100 and the related Yield Maintenance Notional Balance for such Distribution Date.
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Examples of Yield Maintenance Available Payment Amount in a sentence

  • For the Class 1-A-1A Certificates and for any Distribution Date from and including September 2005 to and including the Final Yield Maintenance Payment Date, the lesser of (a) the Carryover Shortfall Amount for such Class for such Distribution Date and (b) related Yield Maintenance Available Payment Amount for the Class 1-A-1A Certificates for such Distribution Date.


More Definitions of Yield Maintenance Available Payment Amount

Yield Maintenance Available Payment Amount. For any Distribution Date in or before May 2015, the lesser of (a) the amounts received by the Trustee pursuant to the Yield Maintenance Agreement for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.16 and (b) 1/12th of the product of (i) the excess, if any, of (x) LIBOR, subject to a maximum of 10.50%, over (y) the related Cap Strike Rate and (ii) the aggregate Class Principal Balance of the Class A and Senior Subordinate Certificates immediately prior to such Distribution Date Yield Maintenance Payment: For any Class of Class A Certificates and for any Distribution Date in or before May 2015, the lesser of (a) the Carryover Shortfall Amount for such Class for such Distribution Date and (b) such Class' pro rata share of the Yield Maintenance Available Payment Amount for such Distribution Date (such pro rata share calculated based on an allocation of such Yield Maintenance Available Payment Amount among the Classes of Class A Certificates pro rata according to Carryover Shortfall Amount). For the Class B-1 Certificates and for any Distribution Date in or before May 2015, the lesser of (a) the Carryover Shortfall Amount for such Class for such Distribution Date and (b) the excess, if any, of (i) the Yield Maintenance Available Payment Amount for such Distribution Date over (ii) the aggregate of the Yield Maintenance Payments for the Class A Certificates for such Distribution Date. For the Class B-2 Certificates and for any Distribution Date in or before May 2015, the lesser of (a) the Carryover Shortfall Amount for such Class for such Distribution Date and (b) the excess, if any, of (i) the Yield Maintenance Available Payment Amount for such Distribution Date over (ii) the aggregate of the Yield Maintenance Payments for the Class A and Class B-1 Certificates for such Distribution Date. For the Class B-3 Certificates and for any Distribution Date in or before May 2015, the lesser of (a) the Carryover Shortfall Amount for such Class for such Distribution Date and (b) the excess, if any, of (i) the Yield Maintenance Available Payment Amount for such Distribution Date over (ii) the aggregate of the Yield Maintenance Payments for the Class A, Class B-1 and Class B-2 Certificates for such Distribution Date. For the Class Y Certificates for any Distribution Date in or before May 2015, the sum of (A) the excess, if any, of (i) the Yield Maintenance Available Payment Amount for such Distribution Dat...
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Yield Maintenance Available Payment Amount. For the Class II-A-1 and Class II-A-2 Certificates and any Distribution Date from and including July 2005 to and including November 2015, the lesser of (i) the amounts received by the Trustee pursuant to the related Yield Maintenance Agreement for such Distribution Date and deposited by the Trustee into the Carryover Reserve Account in accordance with Section 3.05(c) and (ii) (A) in the case of the Class II-A-1 Certificates, the product of (a) a fraction, the numerator of which is the actual number of days in the Interest Accrual Period and the denominator of which is 360, (b) the excess, if any, of (x) LIBOR, subject to a maximum of 11.00%, over (y) the related Cap Strike Rate and (c) the lesser of (1) the Class Certificate Balance of the Class II-A-1 Certificates immediately prior to such Distribution Date and (2) the related Yield Maintenance Notional Balance for such Distribution Date and (B) in the case of the Class II-A-2 Certificates, the product of (a) a fraction, the numerator of which is the actual number of days in the Interest Accrual Period and the denominator of which is 360, (b) the excess, if any, of (x) LIBOR, subject to a maximum of 10.50%, over (y) the related Cap Strike Rate and (c) the lesser of (1) the Class Certificate Balance of the Class II-A-2 Certificates immediately prior to such Distribution Date and (2) the related Yield Maintenance Notional Balance for such Distribution Date.
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Yield Maintenance Available Payment Amount. For the Class II-A-1 and Class II-A-2 Certificates and any Distribution Date from and including July 2005 to and including November 2015, the lesser of (i) the amounts received by the Trustee pursuant to the related Yield Maintenance Agreement for such Distribution Date and deposited by the Trustee into the Carryover Reserve Account in accordance with Section 3.05(c) and (ii) (A) in the case of the Class II-A-1 Certificates, the product of (a) a fraction, the numerator of which is the actual number of days in the Interest Accrual Period and the denominator of which is 360, (b) the excess, if any, of (x) LIBOR, subject to a maximum of 11.00%, over (y) the related Cap Strike Rate and (c) the lesser of (1) the Class Certificate Balance of the Class II-A-1 Certificates immediately prior to such Distribution Date and (2) the related Yield Maintenance Notional Balance for such Distribution Date and (B) in the case of the Class II-A-2 Certificates, the product of (a) a fraction, the numerator of which is the actual number of days in the Interest Accrual Period and the denominator of which is 360, (b) the excess, if any, of (x) LIBOR, subject to a maximum of 10.50%, over (y) the related Cap Strike Rate and (c) the lesser of (1) the Class Certificate Balance of the Class II-A-2 Certificates immediately prior to such Distribution Date and (2) the related Yield Maintenance Notional Balance for such Distribution Date.
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Related to Yield Maintenance Available Payment 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.

  • 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.

  • 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.

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

  • Amortization Amount shall have the meaning provided in Section 5.2(c).

  • 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 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.

  • 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.

  • 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.

  • 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.

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • 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

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Interest Remittance Amount With respect to any Mortgage Pool and Distribution Date, (a) the sum of (1) all interest collected (other than in connection with Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments in such Mortgage Pool during the related Collection Period by the Servicers, the Master Servicer, or the Trustee (solely acting in its capacity as successor Master Servicer), minus (x) the Servicing Fee with respect to the Mortgage Loans and (y) previously unreimbursed Advances and other amounts due to the Servicers, the Master Servicer or the Trustee (solely acting in its capacity as successor Master Servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans, (2) any Compensating Interest Payments with respect to the Mortgage Loans in such Mortgage Pool with respect to the related Prepayment Period (or in the case of Mortgage Loans serviced by Aurora, the relevant Collection Period), (3) the portion of any Purchase Price, as applicable, or Substitution Amount paid with respect the Mortgage Loans in such Mortgage Pool during the related Prepayment Period (or in the case of Mortgage Loans serviced by Aurora, the relevant Collection Period) allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans during the related Prepayment Period (or in the case of Mortgage Loans serviced by Aurora, the relevant Collection Period), to the extent allocable to interest, as reduced by (b) other costs, expenses or liabilities reimbursable to the Trustee, the Master Servicer or each Servicer to the extent provided in this Agreement and each Servicing Agreement, and the Custodian pursuant to the Custodial Agreement; provided, however, that in the case of the Trustee, such reimbursable amounts may not exceed $500,000 during any Anniversary Year up to and including the Anniversary Year in which the Stepdown Date occurs and $200,000 during any Anniversary Year thereafter (the “Applicable Maximum Reimbursement Amount”). In the event that the Trustee incurs reimbursable amounts in excess of the Applicable Maximum Reimbursement Amount in any Anniversary Year, it may obtain reimbursement for such amounts in subsequent Anniversary Years, but in no event shall more than the Applicable Maximum Reimbursement Amount in aggregate be reimbursed to the Trustee per Anniversary Year. Notwithstanding the foregoing, costs and expenses incurred by the Trustee pursuant to Section 6.14(a) in connection with any transfer of servicing shall be excluded in determining the Applicable Maximum Reimbursement Amount limitation on reimbursable amounts per Anniversary Year. For the avoidance of doubt, (i) the Interest Remittance Amount available on each Swap Payment Date for distributions to the Supplemental Interest Trust Account shall be equal to the Interest Remittance Amount on the related Distribution Date and (ii) the Interest Remittance Amount for each Distribution Date shall be calculated without regard to any distributions to the Supplemental Interest Trust Account on the related Swap Payment Date.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • 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.

  • Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • REMIC I Available Distribution Amount For each Loan Group for any Distribution Date, the sum of the following amounts with respect to the Mortgage Loans in such Loan Group:

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • REMIC II Available Distribution Amount For any Distribution Date, the amount distributed from REMIC I to REMIC II on such Distribution Date in respect of the REMIC I Regular Interests.