Excess Yield Maintenance Amount definition

Excess Yield Maintenance Amount. With respect to any Distribution Date, the excess, if any, of (a) the sum of the amounts received under the Yield Maintenance Agreements for such Distribution Date, over (b) the amount required to pay Current Interest on such Distribution Date on the Class A, Class M-1 and Class M-2 Certificates at the applicable Pass-Through Rate, calculated at the lesser of (1) One-Month LIBOR plus the Applicable Margin for the related Interest Accrual Period or (2) 11.500% per annum, to the extent not otherwise paid from Interest Funds.
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Excess Yield Maintenance Amount. With respect to any Distribution Date, the excess, if any, of (a) the amount received under the Yield Maintenance Agreement for such Distribution Date, over (b) the Interest Distribution Amount that the Class A, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Certificates would have been entitled to receive on such Distribution Date had the applicable Pass-Through Rate on such Class of Certificates been calculated at One-Month LIBOR on such Distribution Date plus the applicable Certificate Margin for the related Accrual Period, to the extent that such Interest Distribution Amount was not otherwise paid from Interest Funds on such Distribution Date to such Class of Certificates.
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Excess Yield Maintenance Amount. With respect to any Distribution Date, the excess, if any, of (a) the sum of the Yield Maintenance Payments for such Distribution Date over (b) the sum of the Yield Maintenance Agreement Amounts for the Adjustable Rate Certificates for such Distribution Date.
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Examples of Excess Yield Maintenance Amount in a sentence

  • On each Distribution Date, the Trustee will, to the extent of any remaining Net Monthly Excess Cashflow and any remaining Excess Yield Maintenance Amount following the distribution of any remaining Net Monthly Excess Cashflow and any remaining Excess Yield Maintenance Amount on such Distribution Date as set forth in Section 5.04(a)(iii) clauses first through third, deposit any remaining Net Monthly Excess Cashflow and any remaining Excess Yield Maintenance Amount in the Basis Risk Reserve Fund.

  • 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.

  • On each Distribution Date, the Trustee will, to the extent of any remaining Net Monthly Excess Cashflow and any remaining Excess Yield Maintenance Amount following the distribution of any remaining Net Monthly Excess Cashflow and any remaining Excess Yield Maintenance Amount on such Distribution Date as set forth in Section 5.04(a)(iii) clauses first through second, deposit any remaining Net Monthly Excess Cashflow and any remaining Excess Yield Maintenance Amount in the Basis Risk Reserve Fund.

  • 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 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.


More Definitions of Excess Yield Maintenance Amount

Excess Yield Maintenance Amount. With respect to each Group and the first Distribution Date, $0. With respect to a Group and any subsequent Distribution Date, the excess, if any, of (a) the sum of the Yield Maintenance Payments for the Adjustable Rate Certificates of the related Group for such Distribution Date over (b) the sum of the Yield Maintenance Agreement Amounts for the Adjustable Rate Certificates of the related Group for such Distribution Date.
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Excess Yield Maintenance Amount. With respect to any Distribution Date, the excess, if any, of (a) the sum of the amount received under the Yield Maintenance Agreement, over (b) the amount required to pay Current Interest on the Class A-1, Class A-2, Class M-1, Class M-2 and Class B Certificatex xx xxx xxxxxcable pass-through rate, calculated at the lesser of (1) One-Month LIBOR plus the applicable margin for the related accrual period or (2) 11% per annum, to the extent not otherwise paid from Interest Funds.
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Excess Yield Maintenance Amount. As defined in Section 5.05.
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Excess Yield Maintenance Amount. With respect to any Distribution Date, is the excess, if any, of (a) the sum of the amount received under the Yield Maintenance Agreement for such Distribution Date, over (b) the Basis Risk Shortfall for such Distribution Date.
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Excess Yield Maintenance Amount. With respect to any Distribution Date, the sum of (A) the excess, if any, of (a) the Yield Maintenance Payment for such Distribution Date under the Class A Yield Maintenance Agreement over (b) the sum of the Yield Maintenance Agreement Amount for the Class A Certificates for such Distribution Date and (B) the excess, if any, of (a) the Yield Maintenance Payment for such Distribution Date under the M-1 and M-2 Yield Maintenance Agreement over (b) the Yield Maintenance Agreement Amount for the Class M-1 and Class M-2 Certificates for such Distribution Date.
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Excess Yield Maintenance Amount. With respect to any Distribution Date, the excess, if any, of (a) the sum of the amounts received under the Yield Maintenance Agreements, over (b) the sum of the Yield Maintenance Agreement Amounts for the Class A-1, Class X-0, Xxxxx X-0, Class M-1, Class M-2 and Class B Certificates for such Distribution Date.
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Related to Excess Yield Maintenance Amount

  • 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.

  • 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.

  • 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

  • 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

  • Yield Maintenance Period means the period from and including the date of this Note until but not including the Scheduled Initial Maturity Date.

  • 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.

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Interest Remittance Amount With respect to any Mortgage Pool and Distribution Date, (a) the sum of (1) all interest collected (other than in connection with Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments in such Mortgage Pool during the related Collection Period by the Servicers, the Master Servicer, or the Trustee (solely acting in its capacity as successor Master Servicer), minus (x) the Servicing Fee with respect to the Mortgage Loans and (y) previously unreimbursed Advances and other amounts due to the Servicers, the Master Servicer or the Trustee (solely acting in its capacity as successor Master Servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans, (2) any Compensating Interest Payments with respect to the Mortgage Loans in such Mortgage Pool with respect to the related Prepayment Period (or in the case of Mortgage Loans serviced by Aurora, the relevant Collection Period), (3) the portion of any Purchase Price, as applicable, or Substitution Amount paid with respect the Mortgage Loans in such Mortgage Pool during the related Prepayment Period (or in the case of Mortgage Loans serviced by Aurora, the relevant Collection Period) allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans during the related Prepayment Period (or in the case of Mortgage Loans serviced by Aurora, the relevant Collection Period), to the extent allocable to interest, as reduced by (b) other costs, expenses or liabilities reimbursable to the Trustee, the Master Servicer or each Servicer to the extent provided in this Agreement and each Servicing Agreement, and the Custodian pursuant to the Custodial Agreement; provided, however, that in the case of the Trustee, such reimbursable amounts may not exceed $500,000 during any Anniversary Year up to and including the Anniversary Year in which the Stepdown Date occurs and $200,000 during any Anniversary Year thereafter (the “Applicable Maximum Reimbursement Amount”). In the event that the Trustee incurs reimbursable amounts in excess of the Applicable Maximum Reimbursement Amount in any Anniversary Year, it may obtain reimbursement for such amounts in subsequent Anniversary Years, but in no event shall more than the Applicable Maximum Reimbursement Amount in aggregate be reimbursed to the Trustee per Anniversary Year. Notwithstanding the foregoing, costs and expenses incurred by the Trustee pursuant to Section 6.14(a) in connection with any transfer of servicing shall be excluded in determining the Applicable Maximum Reimbursement Amount limitation on reimbursable amounts per Anniversary Year. For the avoidance of doubt, (i) the Interest Remittance Amount available on each Swap Payment Date for distributions to the Supplemental Interest Trust Account shall be equal to the Interest Remittance Amount on the related Distribution Date and (ii) the Interest Remittance Amount for each Distribution Date shall be calculated without regard to any distributions to the Supplemental Interest Trust Account on the related Swap Payment Date.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Principal Remittance Amount With respect to any Distribution Date, the sum of the Group I Principal Remittance Amount and the Group II Principal Remittance Amount.

  • Yield Maintenance Agreement The yield maintenance agreement between the Trustee, on behalf of the Trust, and the Counterparty, which will be primarily for the benefit of the Class 1-CB-1 Certificates, substantially in the form attached hereto as Exhibit Q. The Yield Maintenance Agreement shall not be an asset of any REMIC formed under this Agreement.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Remittance Amount means the funds denominated in Singapore Dollars or United Stated Dollars which is to be debited from the Customer's Account(s) and converted into the specified Foreign Amount.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Applied Loss Amount With respect to any Distribution Date, the amount, if any, by which (x) the aggregate Certificate Principal Amount of the Certificates after giving effect to all Realized Losses incurred with respect to the Mortgage Loans during the related Collection Period and distributions of principal on such Distribution Date, but before giving effect to any application of the Applied Loss Amount with respect to such date, exceeds (y) the Pool Balance for such Distribution Date.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Delinquency Amount means, as of any Distribution Date, the Principal Balance of all Contracts that were delinquent 60 days or more as of the end of the related Due Period (including Contracts in respect of which the related Motorcycles have been repossessed and are still in inventory).

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).