Yield Shortfall definition

Yield Shortfall means, as of any date of determination within a Settlement Period, the amount, if any, by which the Accrued Monthly Yield exceeds the Retained Monthly Yield, in each case as of such date.
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Yield Shortfall shall have the meaning specified in Section 2.8(c).
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Yield Shortfall means, with respect to any Yield Shortfall Lease for any Distribution Date, the quotient of (i) the excess of (x) the Minimum Yield Rate with respect to such Yield Shortfall Lease for such Distribution Date over (y) the sum of: (A) if the Annual Percentage Rate for such Lease at such time is then based on a floating rate (whether or not it can be converted to a fixed rate on certain terms as stated in the Lease) the Lowest Case Benchmark plus the applicable Lease Margin as of such Distribution Date, and (B) if the Annual Percentage Rate for such Lease at such time is then based on a fixed rate, the Annual Percentage Rate, in either event, divided by (ii) 12.
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Examples of Yield Shortfall in a sentence

  • The Asset Coverage Test, the Amortisation Test, the Interest Rate Shortfall Test, the Yield Shortfall Test and the Pre-Maturity Test have in the aggregate been structured to ensure that the Asset Pool is sufficient to pay amounts due on the Covered Bonds and senior expenses (which will include costs relating to the maintenance, administration and winding-up of the Asset Pool whilst the Covered Bonds are outstanding).

  • It should be noted that the Asset Coverage Test, the Amortisation Test, the Yield Shortfall Test, and the Interest Rate Shortfall Test have been designed to mitigate certain economic and legal stresses in connection with the performance and valuation of the assets held from time to time by the Covered Bond Guarantor, to ensure that the Covered Bond Guarantor is able to meet its on-going requirements at all relevant times.

  • Amounts so released for such fees and expenses will in no event be taken into account for purposes of any determination of the Yield Shortfall.


More Definitions of Yield Shortfall

Yield Shortfall means, with respect to each Escrow Release, that amount by which the Guaranteed Yield exceeds the amount of interest actually earned on such Escrow Release, calculated from the Closing Date to and including the date of such Escrow Release.
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Related to Yield Shortfall

  • Available Funds Shortfall means, for any Payment Date and the related Collection Period, the positive difference, if any, of (i) the amount necessary to make all distributions required to be made pursuant to clauses (i) through (iii) of Section 2.08 over (ii) Collections on deposit in the Collection Account, to the extent received during or in respect of such Collection Period.

  • Class A-P Collection Shortfall With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2).

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Note Interest Shortfall means, for a Class and a Payment Date, an amount equal to the excess, if any, of the Accrued Note Interest for the prior Payment Date for the Class over the amount of interest that was paid to the Noteholders of that Class on the prior Payment Date, together with interest on the excess amount, to the extent lawful, at the Note Interest Rate for the Class for that Interest Period.