Examples of Yield Reserve in a sentence
The Administrative Agent shall calculate the Purchasers’ Investment with respect to a Purchased Interest as an amount which, when added to the related Yield Reserve, is as close as reasonably practicable to (but not in excess of) the aggregate outstanding principal balances of the related Eligible Receivables set forth in the related Purchase Notice.
The rights of the Issuer with respect to the Loans, Related Securities, Approved Mortgages, the Collection Account, the Yield Reserve, the Loss Reserve, under any Lender’s Mortgage Insurance Contracts that relate to those Loans and the rights of the Issuer under the Transaction Documents constitute the primary Series Assets.
If the Manager determines on any Determination Date that the Yield Reserve Draw and the Principal Draw are less than the Payment Shortfall for the relevant Collection Period, the Trustee must (at the direction of the Manager) on that date request, to the extent available, a Liquidity Draw under the Liquidity Facility Agreement equal to the difference between the Payment Shortfall and the sum of the Yield Reserve Draw and the Principal Draw.
Yield Reserve Notwithstanding any references to the Yield Reserve in this Information Memorandum, it is not intended that the Yield Reserve will be funded for the Series and therefore no liquidity support will be offered by the Yield Reserve.
Yield Reserve: Notwithstanding any references to the Yield Reserve in this Information Memorandum, it is not intended that the Yield Reserve will be funded for the Series and therefore no liquidity support will be offered by the Yield Reserve.