Yield Maintenance Reserve Account definition

Yield Maintenance Reserve Account. The separate Eligible Account or Accounts created and maintained by the Trust Administrator pursuant to Section 3.07 with a depository institution in the name of the Trustee on behalf of Certificateholders and designated "JP Morgan Chase Bank, in trust for the registered holders of Mortgage Axxxx Xxxxrxxxxxtion Transactions, Inc., MASTR Adjustable Rate Mortgages Trust 2004-9, Mortgage Pass-Through Certificates Series 2004-9." The Yield Maintenance Reserve Account shall not be an asset of any REMIC formed under this Agreement. Amounts on deposit in the Yield Maintenance Reserve Account shall not be invested.
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Yield Maintenance Reserve Account means each account established in connection with the issuance of a Series of Term Notes, the purpose of which is to reserve certain amounts with respect to one or more Classes thereof with terms to be set forth in the applicable Series Supplement.
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Yield Maintenance Reserve Account means each Reserve Account, established in connection with the issuance of a Series of Notes, the purpose of which is to reserve an amount to fund the Yield Maintenance Amount, if any, for such Series of Notes.
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Examples of Yield Maintenance Reserve Account in a sentence

  • On any Closing Date for a Series of Notes for which a Prefunding Account is established, the Issuer shall deposit with the Collection Account Bank for credit to the related Yield Maintenance Reserve Account the amount specified in the related Series Supplement.

  • There shall be no Prefunding Period with respect to the Series 2024-1 Notes, and no Prefunding Account or Yield Maintenance Reserve Account shall be established with respect to the Series 2024-1 Notes.

  • On each Payment Date, in accordance with the Manager’s written direction and the related Series Supplement, the Indenture Trustee shall withdraw amounts from each Yield Maintenance Reserve Account for distribution in accordance with the Priority of Payments.


More Definitions of Yield Maintenance Reserve Account

Yield Maintenance Reserve Account means a Reserve Account, the purpose of which is to reserve an amount to fund the Yield Maintenance Amount, if any.
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Yield Maintenance Reserve Account means each Reserve Account established in connection with the issuance of a Series of Term Notes, the purpose of which is to reserve certain amounts with respect to the Term Notes of each applicable Class in a future Series of Notes with terms to be set forth in the applicable Series Indenture Supplement.
Sample 1
Yield Maintenance Reserve Account. The separate Eligible Account or Accounts created and maintained by the Trust Administrator pursuant to Section 3.07 with a depository institution in the name of the Trustee on behalf of Certificateholders and designated “JPMorgan Chase Bank, N.A., in trust for the registered holders of Mortgage Asset Securitization Transactions, Inc., MASTR Alternative Loan Trust 2005-2, Mortgage Pass-Through Certificates, Series 2005-2.”
Sample 1
Yield Maintenance Reserve Account. The separate Eligible Account or Accounts created and maintained by the Trust Administrator pursuant to Section 3.07 with a depository institution in the name of the Trustee on behalf of Certificateholders and designated "Wachovia Bank, National Association, in trust for the registered holders of Mortgage Asset Securitization Transactions, Inc., MASTR Alternative Loan Trust 2004-9, Mortgage Pass-Through Certificates Series 2004-9." The Yield Maintenance Reserve Account shall not be an asset of any REMIC formed under this Agreement. Amounts on deposit in the Yield Maintenance Reserve Account shall not be invested.
Sample 1

Related to Yield Maintenance Reserve Account

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.