Common use of Yield Maintenance Account and Yield Maintenance Agreements Clause in Contracts

Yield Maintenance Account and Yield Maintenance Agreements. The Trustee is hereby directed to execute each Yield Maintenance Agreement on behalf of the Trust Fund. Amounts payable by the Trust Fund on the Closing Date pursuant to each Yield Maintenance Agreement shall be paid by the Seller. The Trustee in its individual capacity shall have no responsibility for any of the undertakings, agreements or representations with respect to any Yield Maintenance Agreement, including, without limitation, for making any payments thereunder. The Paying Agent shall establish and maintain in the name of the Paying Agent, for the benefit of the Adjustable Rate Certificateholders, the Yield Maintenance Account as a segregated trust account. The Yield Maintenance Account shall not constitute an asset of any REMIC hereunder. For federal income tax purposes, the Class B-IO Certificateholders shall be treated as the owners of the Yield Maintenance Account. Any Yield Maintenance Payments received by the Paying Agent shall be deposited by the Paying Agent into the Yield Maintenance Account. On the Distribution Date immediately succeeding its receipt thereof, the Paying Agent shall distribute from each such Yield Maintenance Payment, to the related Class or Classes of Adjustable Rate Certificates, the Yield Maintenance Agreement Amount owed to such Class or Classes for such Distribution Date. 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.

Yield Maintenance Account and Yield Maintenance Agreements. The Trustee is hereby directed to execute each Yield Maintenance Agreement on behalf of the Trust Fund. Amounts payable by the Trust Fund on the Closing Date pursuant to each Yield Maintenance Agreement shall be paid by the Seller. The Trustee in its individual capacity shall have no responsibility for any of the undertakings, agreements or representations with respect to any Yield Maintenance Agreement, including, without limitation, for making any payments thereunder. The Paying Agent Trustee shall establish and maintain in the name of the Paying AgentTrustee, for the benefit of the Adjustable Rate Class A, Class M-1 and Class M-2 Certificateholders, the Yield Maintenance Account as a segregated trust account. The Yield Maintenance Account shall not constitute an asset of any REMIC hereunder. For federal income tax purposes, the Class B-IO Certificateholders shall be treated as the owners of the Yield Maintenance Account. Any Yield Maintenance Payments received by the Paying Agent Trustee shall be deposited by the Paying Agent Trustee into the Yield Maintenance Account. On the Distribution Date immediately succeeding its receipt thereof, the Paying Agent Trustee shall distribute from each such Yield Maintenance Payment, to the related Class or Classes of Adjustable Rate Class A Certificates or to the Class M-1 and Class M-2 Certificates, the portions of the Yield Maintenance Agreement Amount owed to such Class or respective Classes for such Distribution Date. : 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 Trustee on such Distribution Date in the manner set forth in Section 5.04(a5.04(a)(iii) in accordance with the Remittance Report for such Distribution Date.

Yield Maintenance Account and Yield Maintenance Agreements. The Trustee is hereby directed to execute each Yield Maintenance Agreement on behalf of the Trust Fund. Amounts payable by the Trust Fund on the Closing Date pursuant to each Yield Maintenance Agreement shall be paid by the Seller. The Trustee in its individual capacity shall have no responsibility for any of the undertakings, agreements or representations with respect to any Yield Maintenance Agreement, including, without limitation, for making any payments thereunder. The Paying Agent Trustee shall establish and maintain in the name of the Paying AgentTrustee, for the benefit of the Adjustable Rate Certificateholders, the Yield Maintenance Account as a segregated trust account. The Yield Maintenance Account shall not constitute an asset of any REMIC hereunder. For federal income tax purposes, the Class B-IO Certificateholders shall be treated as the owners of the Yield Maintenance Account. Any Yield Maintenance Payments received by the Paying Agent Trustee shall be deposited by the Paying Agent Trustee into the Yield Maintenance Account. On the Distribution Date immediately succeeding its receipt thereof, the Paying Agent Trustee shall distribute from each such Yield Maintenance Payment, to the related Class or Classes of Adjustable Rate Certificates, the Yield Maintenance Agreement Amount owed to such Class or Classes for such Distribution Date. 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 Trustee on such Distribution Date in the manner set forth in Section 5.04(a) in accordance with the Remittance Report for such Distribution Date.

Yield Maintenance Account and Yield Maintenance Agreements. The Trustee is hereby directed to execute each Yield Maintenance Agreement on behalf of the Trust Fund. Amounts payable by the Trust Fund on the Closing Date pursuant to each Yield Maintenance Agreement shall be paid by the Seller. The Trustee in its individual capacity shall have no responsibility for any of the undertakings, agreements or representations with respect to any Yield Maintenance Agreement, including, without limitation, for making any payments thereunder. The Paying Agent Trustee shall establish and maintain in the name of the Paying AgentTrustee, for the benefit of the Adjustable Rate Class X-0, Xxxxx X-0, Class M-1, Class M-2 and Class B Certificateholders, the Yield Maintenance Account as a segregated trust account. The Yield Maintenance Account shall not constitute an asset of any REMIC hereunder. For federal income tax purposes, the Class B-IO Certificateholders shall be treated as the owners of the Yield Maintenance Account. Any Yield Maintenance Payments received by the Paying Agent Trustee shall be deposited by the Paying Agent Trustee into the Yield Maintenance Account. On the Distribution Date immediately succeeding its receipt thereof, the Paying Agent Trustee shall distribute from each such Yield Maintenance Payment, to the related Class or Classes of Adjustable Rate Certificates, the Yield Maintenance Agreement Amount owed to such Class or Classes for such Distribution Date. : 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 Trustee on such Distribution Date in the manner set forth in Section 5.04(a5.04(a)(iii) in accordance with the Remittance Report for such Distribution Date.