Yield Maintenance Payment Amount definition

Yield Maintenance Payment Amount. With respect to each Distribution Date, an amount equal to the sum of the amounts described in Sections 5.01(h)(i) through (vii).
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Yield Maintenance Payment Amount. For the Class 2-A-3 Certificates and for any Distribution Date on or before the related Final Yield Maintenance Payment Date, the lesser of (a) the amounts received by the Trustee pursuant to the Yield Maintenance Agreement with respect to the Class 2-A-3 Certificates for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.16 and (b) the product of (i) the excess, if any, of (x) LIBOR (as determined on the LIBOR Determination Date by the Cap Counterparty), subject to a maximum of 8.350%, over (y) 4.350%, (ii) the lesser of (a) the Class 2-A-3 Principal Balance immediately prior to such Distribution Date and (b) the related Yield Maintenance Notional Balance for such Distribution Date and (iii) one-twelfth. For the Class 4-A-2 Certificates and for any Distribution Date on or before the related Final Yield Maintenance Payment Date, the lesser of (a) the amounts received by the Trustee pursuant to the Yield Maintenance Agreement with respect to the Class 4-A-2 Certificates for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.16 and (b) the product of (i) the excess, if any, of (x) LIBOR (as determined on the LIBOR Determination Date by the Cap Counterparty), subject to a maximum of 9.880%, over (y) 5.380%, (ii) the lesser of (a) the Class 4-A-2 Principal Balance immediately prior to such Distribution Date and (b) the related Yield Maintenance Notional Balance for such Distribution Date and (iii) one-twelfth. For the Class 5-A-6 Certificates and for any Distribution Date on or before the related Final Yield Maintenance Payment Date, the lesser of (a) the amounts received by the Trustee pursuant to the Yield Maintenance Agreement with respect to the Class 5-A-6 Certificates for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.16 and (b) the product of (i) the excess, if any, of (x) LIBOR (as determined on the LIBOR Determination Date by the Cap Counterparty), subject to a maximum of 8.950%, over (y) 4.950%, (ii) the lesser of (a) the Class 5-A-6 Principal Balance immediately prior to such Distribution Date and (b) the related Yield Maintenance Notional Balance for such Distribution Date and (iii) one-twelfth.
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Yield Maintenance Payment Amount. With respect to each Distribution Date, an amount equal to the sum of (i) the amount necessary to maintain or restore the Overcollateralization Target Amount, (ii) any Allocated Realized Loss Amounts remaining unpaid, (iii) any Monthly Interest Distributable Amount and Unpaid Interest Shortfall Amount not paid out of Available Funds and (iv) any Basis Risk Shortfalls for such date.
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Examples of Yield Maintenance Payment Amount in a sentence

  • 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).

  • On each Distribution Date, the Administrator shall remit the Yield Maintenance Payment Amount to the Securities Administrator for deposit into the Yield Maintenance Account for distribution by the Securities Administrator pursuant to the priorities set forth in Section 5.01(h).

  • On each Distribution Date, after remitting the Yield Maintenance Payment Amount to the Trustee, any amounts remaining on deposit in the Yield Maintenance Trust Account shall be distributed in accordance with Section 3(a)(ii) of the Yield Maintenance Allocation Agreement.

  • On each Distribution Date, after remitting the Yield Maintenance Payment Amount to the Securities Administrator, any amounts remaining on deposit in the Yield Maintenance Trust Account shall be distributed in accordance with Section 3(a)(ii) of the Yield Maintenance Allocation Agreement.

  • On each Distribution Date, the Administrator shall remit the Yield Maintenance Payment Amount to the Trustee for deposit into the Yield Maintenance Account for distribution by the Trustee pursuant to the priorities set forth in Section 5.01(h).

  • Furthermore, on each Distribution Date from and including the first Distribution Date to and including the Final Yield Maintenance Payment Date, the Trustee shall withdraw from the Certificate Account and distribute to the Holders of Class 1-A-2 Certificates the Yield Maintenance Payment Amount.

  • On each Distribution Date, the Yield Maintenance Administrator shall remit the Yield Maintenance Payment Amount to the Trustee for deposit into the Yield Maintenance Account for distribution by the Trustee pursuant to the priorities set forth in Section 5.01(h).

  • 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 Amount for the Class 1-A-2 Certificates for such Distribution Date and deposit such amount in the Certificate Account for payment to the Class 1-A-2 Certificates pursuant to Section 4.05(a).

  • Furthermore, on each Distribution Date from and including the Distribution Date in February 2006 to and including the Final Yield Maintenance Payment Date for the Class 3-A-4 Certificates, the Trustee shall on behalf of the Trust withdraw from the Certificate Account and distribute to the Holders of such Class the Yield Maintenance Payment Amount for such Class.

  • Furthermore, on each Distribution Date from and including the Distribution Date in May 2007 to and including the Final Yield Maintenance Payment Date, the Trustee shall on behalf of the Trust withdraw from the Certificate Account and distribute to the Holders of the Class A-1 Certificates the Yield Maintenance Payment Amount for such Class.


More Definitions of Yield Maintenance Payment Amount

Yield Maintenance Payment Amount. For the Class A-1 Certificates and for any Distribution Date on or before the Final Yield Maintenance Payment Date, the lesser of (a) the amounts received by the Trustee pursuant to the Yield Maintenance Agreement with respect to the Class A-1 Certificates for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.16 and (b) the product of (i) the excess, if any, of (x) LIBOR (as determined on the LIBOR Determination Date by the Cap Counterparty), subject to a maximum of 8.900%, over (y) 5.400%, (ii) the lesser of (a) the Class A-1 Principal Balance immediately prior to such Distribution Date and (b) the related Yield Maintenance Notional Balance for such Distribution Date and (iii) one-twelfth.
Sample 1
Yield Maintenance Payment Amount. For the Class A-1 Certificates and for any Distribution Date on or before the related Final Yield Maintenance Payment Date, the lesser of (a) the amounts received by the Trustee pursuant to the Yield Maintenance Agreement with respect to the Class A-1 Certificates for such Distribution Date and deposited by the Trustee into the Yield Maintenance Account in accordance with Section 3.16 and (b) the product of (i) the excess, if any, of (x) LIBOR (as determined on the LIBOR Determination Date by the Cap Counterparty), subject to a maximum of 10.880%, over (y) the related Cap Strike Rate, (ii) the lesser of (a) the Class A-1 Principal Balance immediately prior to such Distribution Date and (b) the related Yield Maintenance Notional Balance for such Distribution Date and (iii) a fraction, the numerator of which is the actual number of days in the related No-Delay Accrual Period and the denominator of which is 360.
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Yield Maintenance Payment Amount. Not applicable.
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Related to Yield Maintenance 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.

  • 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 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.

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

  • 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.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • Payment Amount has the meaning specified in Section 6.1.

  • 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

  • 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.

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

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Monthly Excess Interest Amount With respect to each Distribution Date, the amount, if any, by which the Interest Funds for such Distribution Date exceeds the aggregate amount distributed on such Distribution Date pursuant to Section 4.04(b) (other than the last clause thereof).

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

  • 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.

  • 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.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

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

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Optimal Interest Remittance Amount For each Distribution Date, the product of (A) (x) the weighted average of the Net Mortgage Rates for the Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (B) the Aggregate Loan Balance as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • 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.

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