Subordinate Yield Maintenance Agreement definition

Subordinate Yield Maintenance Agreement. The interest rate yield maintenance agreement relating to the Mezzanine Certificates consisting of an ISDA Master Agreement and a Schedule dated as of the Closing Date and the related Confirmation thereto, between the Trustee on behalf of the Trust and the Counterparty, as such agreement may be amended and supplemented in accordance with its terms and any replacement interest yield maintenance agreement acceptable to the Depositor and the Trustee.
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Examples of Subordinate Yield Maintenance Agreement in a sentence

  • Subordinate Yield Maintenance Agreement: On the Closing Date, the Trustee will enter into a yield maintenance agreement with a counterparty (the "COUNTERPARTY") for the benefit of the Subordinate Certificates (other than the Class M-1 and Class M-2 Certificates) (the "SUBORDINATE YIELD MAINTENANCE AGREEMENT").

  • Subordinate Yield Maintenance Agreement: On the Closing Date, the Trustee will enter into a yield maintenance agreement with a counterparty (the "COUNTERPARTY") for the benefit of the Subordinate Certificates (the "SUBORDINATE YIELD MAINTENANCE AGREEMENT").

  • Any payments received from the Subordinate Yield Maintenance Agreement will be deposited in the Reserve Fund and distributed pro-rata (based on class certificate balance) to the Subordinate Certificates (other than the Class M-1 and Class M-2 Certificates) to pay any related unpaid Net WAC Cap Carryover Amounts.

  • The notional balance of the Subordinate Yield Maintenance Agreement on each Distribution Date will be equal to the lesser of (i) the aggregate principal balance of the Subordinate Certificates (other than the Class M-1 and Class M-2 Certificates) immediately prior to such Distribution Date and (ii) the amount set forth in the table below.

  • The Subordinate Yield Maintenance Agreement will terminate after the Distribution Date in November 2013.

  • Any payments received from the Subordinate Yield Maintenance Agreement will be deposited in the Reserve Fund and distributed pro-rata (based on class certificate balance) to the Subordinate Certificates to pay any related unpaid Net WAC Cap Carryover Amounts.

  • The notional amount for the Subordinate Yield Maintenance Agreement on each Distribution Date will be equal to the lesser of (i) the aggregate balance of the Subordinate Certificates immediately prior to such Distribution Date and (ii) the amount set forth in the table below.

  • The notional balance of the Subordinate Yield Maintenance Agreement on each Distribution Date will be equal to the amount set forth in the table below.

  • Subordinate Yield On the Closing Date, the Trustee will enter into a yield maintenance agreement with a counterparty (the Maintenance "Counterparty") for the benefit of the Subordinate Certificates (the "Subordinate Yield Maintenance Agreement: Agreement").

  • The Senior Yield Maintenance Agreement and the Subordinate Yield Maintenance Agreement, collectively.

Related to Subordinate Yield Maintenance Agreement

  • 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.

  • Maintenance agreement means a contract of limited duration

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

  • 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 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.

  • 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.

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • 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.

  • Subordinated Loan Agreement means any loan agreement made or to be made between (i) any Borrower and (ii) a Subordinated Creditor.

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • Subordinate Companion Loan A Companion Loan that, to the extent provided in the related Loan Documents and/or the related Co-Lender Agreement, is generally subordinate in right of payment to the related Split Mortgage Loan. The only Subordinate Companion Loans related to the Trust as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Subordinate Companion Loan(s),” each of which Notes evidences a separate Subordinate Companion Loan.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of June 17, 2022, between the Mortgage Loan Borrower, as borrower, and Xxxxx Fargo Bank, National Association, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Loan Agreement shall have the meaning assigned to such term in the recitals.

  • 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

  • Original Subordinate Principal Balance The sum of the aggregate Current Principal Amounts of each Class of Subordinate Certificates as of the Closing Date.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

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