Yield Maintenance Charges definition

Yield Maintenance Charges means, with respect to any Distribution Date, the aggregate of all yield maintenance charges, if any, received during the related Collection Period in connection with Principal Prepayments.
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Yield Maintenance Charges. As defined in Section 4.1(c).
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Yield Maintenance Charges means an amount payable upon the prepayment of a Mortgage Loan generally equal to the greater of (1) a specified prepayment premium or (2) the present value, as of the date of such prepayment, of certain payments under the Mortgage Note, determined by discounting such payments at a specific rate set forth in the Mortgage Note.
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Examples of Yield Maintenance Charges in a sentence

  • Holders of this Certificate may be entitled to a share of Yield Maintenance Charges, as provided in the Pooling and Servicing Agreement.

  • Any Prepayment Premiums and Yield Maintenance Charges applicable to the Mortgage Loan constitute “customary prepayment penalties” within the meaning of Treasury Regulations Section 1.860G-1(b)(2).

  • Holders of this Certificate may be entitled to Yield Maintenance Charges as provided in the Pooling and Servicing Agreement.

  • Holders of this Certificate may be entitled to Yield Maintenance Charges, as provided in the Pooling and Servicing Agreement.

  • Any Prepayment Premium and Yield Maintenance Charges applicable to the Mortgage Loan constitute “customary prepayment penalties” within the meaning of Treasury Regulations Section 1.860G-1(b)(2).

  • Holders of this Certificate may be entitled to a share of the Non-Vertically Retained Percentage of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

  • Neither the Master Servicer nor the Trustee shall be required or permitted to make an advance for Balloon Payments, Default Interest, Excess Interest or Yield Maintenance Charges, or delinquent Monthly Payments on the Companion Loans.

  • Holders of this Loan-Specific Certificate may be entitled to a share of the Yield Maintenance Charges collected in respect of the Trust Subordinate Companion Loan, as provided in the Pooling and Servicing Agreement.

  • Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement.

  • Holders of this Certificate may be entitled to Yield Maintenance Charges, as provided in the Pooling Agreement.


More Definitions of Yield Maintenance Charges

Yield Maintenance Charges. With respect to any Mortgage Loan with a Yield Maintenance Period, the payments based on a yield maintenance formula generally equal to the greater of (a) a specific prepayment premium and (b) the present value, as of the date of such prepayment, of the remaining scheduled payments of principal and interest on the portion of the Mortgage Loan being prepaid (including any Balloon Payment or, with respect to any ARD Loans, the remaining principal balance due on the related Anticipated Repayment Date) determined by discounting such payments at a yield rate based on U.S. Treasury securities, less the amount prepaid.
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Yield Maintenance Charges. On any distribution date, yield maintenance charges collected during the related due period will be required to be distributed by the paying agent to the holders of the Class X certificates. No yield maintenance charges will be distributed to holders of any other class of certificate. Representations In each Purchase Agreement, the applicable Mortgage Loan Seller makes certain and Warranties: representations and warranties with respect to each mortgage loan sold by the Mortgage Loan Seller. CHASE SECURITIES INC. ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Book Running Manager THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR SALES REPRESENTATIVE. [CHASE LOGO] ------------------------------------------------------------------------------- THE RIGHT RELATIONSHIP IS EVERYTHING.(Registered) Collateral Characteristics Aggregate principal balance(1) $782,653,601 Number of mortgage loans 92 Number of mortgaged properties 118 Number of "balloon" mortgage loans(2) 87 Range of mortgage loan principal balances $1,198,753 to $47,945,886 Average mortgage loan principal balance.. $8,507,104 Range of mortgage rates 6.49% to 8.83% Weighted average mortgage rate 8.13% Weighted average original term to maturity date(3) 123 months Range of remaining terms to maturity date(3) 58 months to 285 months Weighted average remaining term to maturity date(3) 121 months Weighted average original amortization term 349 months Weighted average remaining amortization term 348 months Weighted average loan to value ratio 71.98% Weighted average loan to value ratio as of the maturity date(3) 62.58% Weighted average occupancy rate(4) 94.17% Weighted average debt service coverage ratio(2) 1.29x
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Related to Yield Maintenance Charges

  • 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 Charges means the proportionate amount of Common Expenses payable monthly by the Allottee to the Maintenance Agency;

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

  • 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.

  • 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.