Yield Maintenance Reserve Account definition

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. 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 Asxxx Xxxxxixxxxxion 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 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

  • The beneficial owner of the Yield Maintenance Reserve Account is the Class X Certificateholder.

  • The Trust Administrator shall deposit in the Yield Maintenance Reserve Account on the date received by it, any Yield Maintenance Agreement Payment received from the Yield Maintenance Agreement Provider for the related Distribution Date.

  • For all federal tax purposes, amounts transferred or reimbursed by either Trust REMIC to the Yield Maintenance Reserve Account shall be treated as distributions by the Trust Administrator to the Class X Certificateholder.

  • On each Payment Date, Accrued Note Interest (other than Post-ARD Additional Interest) then due on all Classes of Notes will be paid from amounts on deposit in the Collection Account and each Yield Maintenance Reserve Account in accordance with Section 5.01(a)(iv) and Section 5.01(b), respectively.

  • 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.

  • 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.

  • Second, since KORUS is a new agreement, its provisions are still being phased-in, and the full effects have not had time to emerge.

  • Ava seemed frustrated and had this to say: "We lost a lot of residents, and all it took was one person to come in knowing that they had COVID, to prettymuch just spread it throughout the whole building." However, despite the significant amount of loss, Cassie explained that there was no chance to process it, which was difficult as she stated how some of them, she really loved, so when they did pass, she stated that it was a massive shock.

  • Yield Maintenance Reserve Account; Excess Reserve Fund Account........................

  • On each Distribution Date, the Trust Administrator shall withdraw from the Yield Maintenance Reserve Account any Yield Maintenance Agreement Payment and distribute to the Class 1-A-1, Class 1-A-2, Class 2-A-1 and Class 2-A-3A Certificates, as applicable, an amount equal to any unreimbursed Basis Risk Carry Forward Amounts (after giving effect to distributions made on that Distribution Date pursuant to Section 4.02(a)(iii)(K)) and shall distribute any remaining amount to the Class X Certificates.


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. 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.”
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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.
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Related to Yield Maintenance Reserve Account

  • 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.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

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

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • 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.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • 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.

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • 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).

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

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

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

  • 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

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2005-3". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

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

  • 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

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • Initial Reserve Account Deposit means $3,250,000.