Yield Maintenance Payments definition

Yield Maintenance Payments shall have the meaning set forth in Section 2.3.3 hereof.
Sample 1
Yield Maintenance Payments means an amount equal to the greater of (i) one percent (1%) of the outstanding principal balance of the Note, and (ii) the excess, if any, of (a) the sum of (1) the aggregate respective present values of all scheduled interest payments payable on each Monthly Payment Date in respect of this Note (or the portion of all such interest payments corresponding to the portion of the principal of this Note to be prepaid upon acceleration) for the period from the date of such prepayment upon acceleration to the Monthly Payment Date which is one (1) month immediately preceding the Maturity Date, discounted monthly at a rate equal to the Treasury Constant Maturity Yield Index and based on a 360-day year of twelve 30-day months and (2) the aggregate respective present values of all scheduled principal payments payable on each Monthly Payment Date in respect of this Note (or the then unpaid portion thereof to be prepaid upon acceleration) assuming the then outstanding principal balance of this Note is paid in full on the Monthly Payment Date which is one (1) month immediately preceding the Maturity Date, discounted monthly at a rate equal to the Treasury Constant Maturity Yield Index and based on a 360-day year of twelve 30-day months minus (b) the then current outstanding principal amount of this Note (or the then unpaid portion thereof to be prepaid upon acceleration). The Yield Maintenance Payments to be paid in connection with any prepayment under this Section 7 shall be determined in good faith by Payee and shall be conclusive and binding on Maker (absent mani-fest error). For purposes of this Section 7, the amount of this Note (or the portion of the principal of this Note to be prepaid upon acceleration) on the date of prepayment shall be determined after giving effect to any payment of scheduled amortization made on such date. For purposes hereof, "Treasury Constant Maturity Yield Index" shall mean the average yield for "This Week" as reported by the Federal Reserve Board in Federal Reserve Statistical Release H.15(519) ("FRB Release") published during the second full week preceding the prepayment date (caused by acceleration of the Loan following the occurrence of an Event of Default) for instruments having a maturity coterminous with the remaining term of this Note. In the event the FRB Release is no longer published, Payee shall select a comparable publication to determine the Treasury Constant Maturity Yield Index. If there is no Treasury Constant Maturity ...
Sample 1
Yield Maintenance Payments. An amount equal to the product of (a)(i) the number of basis points by which the one-month LIBOR (determined in accordance with the terms of the Yield Maintenance Agreement) exceeds (ii) 5.75%, (b) a notional amount equal to the lesser of (A) the amount set forth as the yield maintenance notional amount on the schedule attached to the Yield Maintenance Agreement and (B) the aggregate Class Certificate Balance of the LIBOR Certificates, and (c) the actual number of days in the applicable Interest Accrual Period divided by 360; Yield Maintenance Provider: Gxxxxxx Sxxxx Mitsui Marine Derivative Products, L.P., a Delaware limited partnership, and its successors in interest.
Sample 1

Examples of Yield Maintenance Payments in a sentence

  • The Yield Maintenance Payments to be paid in connection with any prepayment under this Section 2.05(e) shall be determined by Lender and shall be conclusive and binding on Borrower (absent manifest error).

  • Any Yield Maintenance Payments received by the Trustee shall be deposited by the Trustee into the Yield Maintenance Account.

  • The Yield Maintenance Payments to be paid in connection with any prepayment under this Section 8 shall be determined in good faith by Payee and shall be conclusive and binding on Maker (absent manifest error).

  • Any Yield Maintenance Payments received by the Paying Agent shall be deposited by the Paying Agent into the Yield Maintenance Account.

  • On each Distribution Date following application of any Yield Maintenance Payments as described in the immediately preceding paragraph, any Excess Yield Maintenance Amount will be distributed by the Paying Agent on such Distribution Date in the manner set forth in Section 5.04(a) in accordance with the Remittance Report for such Distribution Date.

  • Borrower shall duly pay or cause to be paid, when due, the principal of, interest on, Yield Maintenance Payments, if any, and other amounts payable under or in connection with this Agreement, the Mortgage Note and each other Loan Document in accordance with the terms hereof and thereof, at the times and places and in the manner provided herein or therein.

  • For each Swap Agreement and any Payment Date, any termination payments (excluding any Net Yield Maintenance Payments) then payable by the Issuer to the Yield Maintenance Counterparty as a result of an early termination of the related Swap Agreement.

  • On or prior to the Closing Date, the Trustee shall cause to be established and maintained the Yield Maintenance Account, into which Yield Maintenance Payments received by the Trustee pursuant to the Yield Maintenance Agreements shall be deposited for the benefit of the Class 1-A-1A, Class 1-A-1B, Class 2-A-1A, Class 2-A-1B, Class 2-A-1C and Class X-2 Certificates.

  • The determination of the Yield Maintenance Payments by Lender shall be conclusive and binding on Borrower in the absence of manifest error.

  • If the Yield Maintenance Payments as calculated pursuant to this Section 2.3.4 would not be a positive number, the Yield Maintenance Payments are zero.


More Definitions of Yield Maintenance Payments

Yield Maintenance Payments. An amount equal to the product of (a) the number of basis points by which (i) one-month LIBOR (determined in accordance with the terms of the Yield Maintenance Agreement) exceeds (ii) 5.50%, (b) a notional amount equal to the lesser of (A) the amount set forth as the yield maintenance notional amount on the schedule attached to the Yield Maintenance Agreement and (B) the aggregate Class Certificate Balance of the LIBOR Certificates minus the amount set forth as the swap agreement notional amount on the schedule attached to the Interest Rate Swap Agreement, and (c) the actual number of days in the applicable Interest Accrual Period divided by 360. Yield Maintenance Provider: Goldman Sachs Mitsui Marine Derivative Products, L.P., a Delaware limitxx xxxxnxxxxxp, and its successors in interest.
Sample 1
Yield Maintenance Payments shall have the meaning set forth in Section 2.3.4.
Sample 1
Yield Maintenance Payments. The payment remitted to the Securities Administrator by the Yield Maintenance Provider under any Yield Maintenance Agreement.
Sample 1

Related to Yield Maintenance 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • 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

  • Maintenance Fees means the non-refundable fees payable annually by Licensee to OT for Support Services;

  • Operation and Maintenance Costs means the costs of:

  • Maintenance Fee The Maintenance Fee (see Contract Schedule I) will be deducted during the Accumulation Period from the Current Value on each anniversary of the date the Account is established and upon surrender of the entire Account.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Cumulative Insurance Payments As defined in the Series Supplement.

  • Breakage Costs shall have the meaning set forth in Section 2.2.3(h) hereof.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • 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.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • 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.