The Warranty Period Letter of Credit shall be maintained, without reduction or step-down, by Project Co until the Warranty Period Security Return Date.
Priority Return means a 6% cumulative, non-compounded, pre-tax annual return (based on a 365-day year).
Nil Return has the meaning given to it in paragraph 3.3 of Framework Schedule 9 (Management Information);
Investment Return means the investment return payable in respect of the Bond in accordance with Clause 5 Returns.
Preferred Return has the meaning specified in the Company LLC Agreement.
Liquidation Profits As to any Distribution Date and any Mortgage Loan that became a Liquidated Loan during the Applicable Unscheduled Principal Receipt Period with respect to Full Unscheduled Principal Receipts for such Distribution Date, the excess, if any, of (i) Net Liquidation Proceeds in respect of such Liquidated Loan over (ii) the unpaid principal balance of such Liquidated Loan plus accrued interest thereon in accordance with the amortization schedule at the time applicable thereto at the applicable Net Mortgage Interest Rate from the Due Date to which interest was last paid with respect thereto through the last day of the month preceding the month in which such Distribution Date occurs.