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 1-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 1-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 8.550%, over (y) 5.050%, (ii) the lesser of (a) the Class 1-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 2-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 2-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 9.000%, over (y) 5.000%, (ii) the lesser of (a) the Class 2-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.
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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, 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, 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 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 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 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 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 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).

  • Furthermore, on each Distribution Date from and including the Distribution Date in November 2006 to and including the applicable Final Yield Maintenance Payment Date for each Class of the Class A-1B and Class A-2 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 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.


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 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 8.600%, over (y) 4.850%, (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-CB-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 4-CB-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 9.900%, over (y) 5.150%, (ii) the lesser of (a) the Class 4-CB-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.
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Yield Maintenance Payment Amount. Not applicable.
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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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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, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • 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 as defined in Section 3.5.

  • 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 means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.

  • 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 Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount for such Distribution Date exceed the aggregate amount distributed on such Distribution Date pursuant to paragraphs (a) through (c) under Section 4.02(d) hereof, plus interest on the Overcollateralization Amount accrued during the Interest Accrual Period related to that Distribution Date.

  • 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 any Distribution Date, the excess of (i) the product of (1) (x) the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period less the Premium Percentage, divided by (y) 12 and (2) the applicable Aggregate Collateral Balance for the immediately preceding Distribution Date, over (ii) any expenses that reduce the Interest Remittance Amount that do not arise as a result of a default or delinquency of the Mortgage Loans.

  • 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 For any Distribution Date and Loan Group, an amount equal to the sum of (1) all interest collected (other than related Payaheads, if applicable) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Loan Group during the related Collection Period, the interest portion of Payaheads previously received and intended for application in the related Collection Period and the interest portion of all Payoffs and Curtailments received on the Mortgage Loans in such Loan Group during the related Prepayment Period (other than interest on Principal Prepayments that occur during the portion of the Prepayment Period that is in the same calendar month as the related Distribution Date), less (x) the Servicing Fees (other than any Excess Servicing Fee) and any lender paid Primary Insurance Policy premiums with respect to such Mortgage Loans and (y) unreimbursed Advances and other amounts due to a Servicer, the Back-Up Servicer or the Trustee with respect to such Mortgage Loans, to the extent allocable to interest, (2) all Compensating Interest Payments paid by a Servicer with respect to the related Mortgage Loans with respect to such Distribution Date, (3) the portion of any Substitution Adjustment Amount and Repurchase Price paid with respect to such Mortgage Loans during the calendar month immediately preceding the Distribution Date, in each case allocable to interest and the proceeds of any purchase of the Mortgage Loans by the Terminating Entity pursuant to Section 9.01 in an amount not exceeding the interest portion of the Par Value, (4) all Net Liquidation Proceeds, and any Insurance Proceeds and other recoveries (net of unreimbursed Advances, Servicing Advances and expenses, to the extent allocable to interest, and unpaid Servicing Fees) collected with respect to such Mortgage Loans during the prior calendar month, to the extent allocable to interest, (5) any amounts withdrawn from the Capitalized Interest Amount to pay interest on the related Certificates with respect to such Distribution Date and (6) the aggregate Excess Servicing Fee to be distributed to the Class A-IO-S Certificates.

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