Yield Maintenance Fee means, with respect to any prepayment of principal of a Fixed Rate Loan, the greater of (a) (x) 2% of the principal balance being prepaid, if such prepayment occurs within two (2) years after the Effective Date and (y) 1% of the principal balance being prepaid thereafter, or (b) the Yield Maintenance Amount.
Yield Maintenance Fee means any yield maintenance fee payable pursuant to Section 2.06(b).
Yield Maintenance Fee shall have the meaning specified in the Pricing Letter.
Examples of Yield Maintenance Fee in a sentence
If the result is zero or a negative number, there shall be no Yield Maintenance Fee.
For avoidance of doubt, except as set forth in Section 4.1(a), no Yield Maintenance Fee shall be payable with respect to any payments or distributions made by or on behalf of the Borrower pursuant to Section 5.2(b).
If the result is zero or a negative number, there shall be no Yield Maintenance Fee due and payable.
The Yield Maintenance Fee shall also be payable with respect to any prepayments or distributions made by the Borrower pursuant to Section 5.2(c).
Notwithstanding anything herein to the contrary, the Yield Maintenance Fee shall be payable notwithstanding acceleration of the Obligations or the Maturity Date for any reason, including, without limitation, acceleration in accordance with Section 10.2 (including, without limitation, as a result of the occurrence of an Event of Bankruptcy).
More Definitions of Yield Maintenance Fee
Yield Maintenance Fee means an amount computed as follows: The current rate for United States Treasury securities (bills on a discounted basis shall be converted to a bond equivalent) with a maturity date closest to the LIBOR Period chosen for the LIBOR Loan as to which the prepayment is made, shall be subtracted from the LIBOR Rate plus the Applicable Margin in effect for such LIBOR Loan at the time of prepayment. If the result is zero or a negative number, there shall be no yield maintenance fee. If the result is a positive number, then the resulting percentage shall be multiplied by the amount of the principal balance being prepaid. The resulting amount shall be divided by 360 and multiplied by the number of days remaining in the LIBOR Period chosen for the LIBOR Loan as to which the prepayment is made. Said amount shall be reduced to present value calculated by using the above referenced United States Treasury securities rate and the number of days remaining in the LIBOR Period chosen for the LIBOR Loan as to which prepayment is made. The resulting amount shall be the yield maintenance fee due to Bank upon the prepayment of a LIBOR Loan. All other undefined terms contained in any of the Loan Documents shall, unless the context indicates otherwise, have the meanings provided for by the Code as in effect in the State of New Hampshire to the extent the same are used or defined therein. Unless otherwise specified, references in the Agreement or any of the Appendices to a Section, subsection or clause refer to such Section, subsection or clause as contained in the Agreement. The words "herein," "hereof" and "hereunder" and other words of similar import refer to the Agreement as a whole, including all Annexes, Exhibits and Schedules, as the same may from time to time be amended, restated, modified or supplemented, and not to any particular section, subsection or clause contained in the Agreement or any such Annex, Exhibit or Schedule.
Yield Maintenance Fee means, with respect to the prepayment or repayment of an Advance or the occurrence of a Reduction Action in respect of an Advance, an amount equal to the sum of (i) if such prepayment or repayment is made within thirty-six (36) months after the related Advance Date or such Reduction Action occurs within thirty-six (36) months after the related Advance Date, as applicable, the related Interest Yield Maintenance Fee and (ii) regardless of whether more than thirty-six (36) months have elapsed since such Advance Date, the related Contingent Interest Yield Maintenance Fee.
Yield Maintenance Fee means the resulting sum computed by subtracting the Federal Home Loan Bank Rate with a Maturity Date closest to the remaining term of the Note being prepaid from the applicable interest rate in effect at the time of prepayment, including, without limitation, the Default Rate. If the result is zero or a negative number, there shall be no Yield Maintenance Fee due and payable. If the result is a positive number, than the resulting percentage shall be multiplied by the amount of the principal balance being prepaid. The resulting amount shall be divided by 360 and multiplied by the number of days remaining in the term of the Note being prepaid. Said amount shall be reduced to present value, calculated by using the above-stated interest rate and the number of days remaining in the term of the applicable Note. The resulting amount shall be the Yield Maintenance Fee due to the Lender upon prepayment of a Note requiring the payment of a Yield Maintenance Fee.
Yield Maintenance Fee means, with respect to the prepayment or repayment of an Advance that is made within thirty-six (36) months after the Fifth A&R Closing Date or a Reduction Action in respect of the Advances that occurs within thirty-six (36) months after the Fifth A&R Closing Date, an amount equal to the Applicable Margin on the amount of such prepayment or repayment or the amount of the reduction of the Fifth A&R Advance as a result of such Reduction Action, as applicable, that would have accrued from the date of such repayment, prepayment or Reduction Action, as applicable, through the thirty-six (36) month anniversary of the Fifth A&R Closing Date, discounted at the equivalent weighted-average life U.S. Treasury yield as of the date of such repayment, prepayment on Reduction Action, as applicable.
Yield Maintenance Fee means the greater of (a) three (3) months interest at the interest rate then payable on the loan and (b) the amount, if any, as of the date of prepayment, by which the present value of the future instalments until maturity of the loan with respect to the Prepayment Amount discounted at the lowest of (i) the Government of Canada Yield and (ii) the coupon rate of the Applicable Mortgage Backed Security, if any, calculated semi-annually not in advance and (iii) the coupon rate of the Applicable Canada Mortgage Bond, if any, calculated semi-annually not in advance, exceeds the Prepayment Amount. For the purposes of this section, “Government of Canada Yield” shall mean the yield-to-maturity, compounded semi-annually not in advance, as determined by RBC Dominion Securities Inc. or such other person qualified to make such determination as the Lender may appoint, which a non-callable Government of Canada bond would carry if issued on or about the fifth (5th) business day prior to the date on which the prepayment will be made, in Canadian dollars in Canada, at 100% of its principal amount with a term to maturity equal to the remaining term of the loan.
Yield Maintenance Fee means, with respect to the prepayment or repayment of an Advance that is made within one hundred twenty (120) months after the Amended and Restated Closing Date or a Reduction Action in respect of an Advance that occurs within one hundred twenty (120) months after the Amended and Restated Closing Date, an amount equal to the Applicable Margin on the amount of such prepayment or repayment or the amount of the reduction of such Advance as a result of such Reduction Action, as applicable, that would have accrued from the date of such prepayment, repayment or Reduction Action, as applicable, through the one hundred twenty (120) month anniversary of the Amended and Restated Closing Date, discounted at the equivalent weighted-average life U.S. Treasury yield as of the date of such prepayment, repayment or Reduction Action, as applicable, and, if applicable, assuming the earliest Advance made is repaid first.
Yield Maintenance Fee with respect to each repayment or prepayment of principal under any Loan which is then a LIBOR Loan (whether such repayment or prepayment is made pursuant to Section 2.13, as a result of acceleration following an Event of Default, or for any other reason), an amount computed as follows: the current rate for United States Treasury securities (bills on a discounted basis shall be converted to a bond equivalent) with a maturity date closest to the maturity date of the Interest Period in effect for such LIBOR Loan at the time of such repayment or prepayment shall be subtracted from the LIBOR Rate component of the interest rate in effect under such LIBOR Loan at the time of such repayment. If the result is zero or a negative number, the Yield Maintenance Fee shall be zero. If the result is a positive number, then the resulting percentage shall be multiplied by the amount of the principal balance being prepaid. The resulting amount shall be divided by 360 and multiplied by the number of days remaining in such Interest Period. Said amount shall be reduced to present value calculated by using the above referenced United States Treasury securities rate and the number of days remaining in such Interest Period.