Yield Maintenance Payment definition

Yield Maintenance Payment. The payment remitted to the Securities Administrator by the Yield Maintenance Provider under the related Yield Maintenance Agreement.

Yield Maintenance Payment. With respect to each Distribution Date, any payment received by the Trustee, on behalf of the Trust Fund, from the Yield Maintenance Agreement Provider pursuant to the terms of the Yield Maintenance Agreement, with respect to such Distribution Date, provided that such payment shall not include any payment received by the Trustee, on behalf of the Trust Fund, that is a Yield Maintenance Agreement Termination Payment, except as set forth in Section 4.09(e).

Yield Maintenance Payment. For any Distribution Date, the payment, if any, due under the Yield Maintenance Agreement in respect of such Distribution Date.

Examples of Yield Maintenance Payment in a sentence

• The Trustee shall withdraw from the Yield Maintenance Account and pay to itself any amounts remaining in the Yield Maintenance Account after the Final Yield Maintenance Payment Date.

• Any Yield Maintenance Agreement Termination Payment having a termination value which is not sufficient to comply with clauses (i) and (ii) of this Section 4.09(e) shall be included in the definition of Yield Maintenance Payment herein and may be distributed as Excess Cash Flow pursuant to Section 4.02(c) herein.

• No Yield Maintenance Payment shall be required in connection with prepayments made on or after the last day of the Defeasance Period.

• On each Distribution Date, the Trustee shall withdraw from the Yield Maintenance Account to the extent funds are available therein and in accordance with the statement received from the Servicer pursuant to Section 4.02(b), the Yield Maintenance Payment Amounts for the Class A Certificates for such Distribution Date, and deposit such amounts in the Certificate Account for payment to the related Class A Certificates pursuant to Section 4.04(a).

• On the same Distribution Date as to which a shortfall exists with respect to a Yield Maintenance Payment Amount owed by the Yield Maintenance Provider as a result of its failure to make payments pursuant to the Yield Maintenance Agreement, amounts necessary to cover such shortfall shall be removed from the Collateral Account, remitted to the Yield Maintenance Account and distributed as all or a portion of such Yield Maintenance Payment Amount pursuant to Section 5.01(h).

More Definitions of Yield Maintenance Payment

Yield Maintenance Payment. With respect to any Yield Maintenance Agreement and any Distribution Date, the amount, if any, distributed to the Trustee by the Yield Maintenance Provider pursuant to each such Yield Maintenance Agreement for the related Class or Classes of Adjustable Rate Certificates and such Distribution Date. Yield Maintenance Provider: Bear Stearns Financial Products Inc. or any successor in interest.

Yield Maintenance Payment. For any Class of Class A Certificates and 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 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 Class A Certificates pro rata according to Carryover Shortfall Amount).

Yield Maintenance Payment means an amount equal to the positive difference between (a) the present value, computed at the Reinvestment Rate, of the stream of monthly principal and interest payments in effect under the applicable Note(s) as of the Effective Date from the date of prepayment through the Maturity Date, and (b) the outstanding principal balance of such Note(s) as of the date of prepayment; provided, however, if such difference is a negative number, the Yield Maintenance Payment shall be zero.

Yield Maintenance Payment. For any Distribution Date, the payment, if any, to be paid under the Yield Maintenance Agreement in respect of such Distribution Date. With respect to any Distribution Date and the Class A-11 Certificates, the Yield Maintenance Payment shall be the amount equal to the product of (I) the positive excess, if any, of (a) the lesser of (x) LIBOR and (y) 8.90% per annum, over (b) 5.40% per annum, and (II) the amount set forth for that Distribution Date in Schedule I of the Yield Maintenance Agreement, and (III) a fraction, the numerator of which is 30 and the denominator of which is 360.

Yield Maintenance Payment has the meaning set forth in the Loan Agreement.

Yield Maintenance Payment. An amount equal to the result of multiplying (A) the actual number of days in the applicable Interest Accrual Period divided by 360 by (B) the product of (i) the per annum rate equal to the excess of (x) the lesser of then-current One-Month LIBOR and 10.50% over (y) the applicable Strike Price and (ii) an amount equal to the lesser of the principal balance of the applicable Class of Certificates and the Projected Principal Balance for such Class of Certificates for such Distribution Date. Yield Maintenance Provider: Wells Fargo Bank, Xxxxonal Association.

Yield Maintenance Payment. For any Class of Class A Certificates and for any Distribution Date from and including February 2005 to and including July 2015, the lesser of (i) the Carryover Shortfall Amount for such Class for such Distribution Date and (ii) 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 X IO Component for any Distribution Date from and including February 2005 to and including July 2015, the sum of the excess, if any, of (i) the (a) Yield Maintenance Available Payment Amount for such Distribution Date over (b) aggregate of the Yield Maintenance Payments for the Class A Certificates for such Distribution Date and (ii) the (a) 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) over (b) Yield Maintenance Available Payment Amount for such Distribution Date.