Retained Yield. As to each Mortgage Loan and any Distribution Date, an amount payable to First Horizon Home Loan Corporation out of each full payment of interest received on such Mortgage Loan and equal to one-twelfth of the Retained Yield Rate multiplied by the Stated Principal Balance of such Mortgage Loan as of the Due Date in the month of such Distribution Date (prior to giving effect to any Scheduled Payments due on such Mortgage Loan on such Due Date).

Retained Yield means the amount, if any, stripped off from the interest portion of Monthly P&I by the Servicer and paid to the Seller on a monthly basis. Such monthly payment shall be equal to (i) with respect to each Rule of 78's Contract, an amount equal to the product of the Retained Yield Percent and the Scheduled Balance of such Contract (as specified in the Schedule of Contracts) for such month, but only to the extent that the Monthly P&I for such Contract for such month has been collected and (ii) with respect to each Simple Interest Contract, out of each payment of Monthly P&I collected on such Contract, an amount equal to interest at the Retained Yield Percent of the Scheduled Balance of such Contract on which, and for the period for which, the interest portion of such payment of Monthly P&I was calculated.

Retained Yield. As to each Mortgage Loan and any Distribution Date, (i) an amount payable to First Horizon Home Loan Corporation out of each full payment of interest received on such Mortgage Loan and equal to one-twelfth of the Retained Yield Rate multiplied by the Stated Principal Balance of such Mortgage Loan as of the Due Date in the month of such Distribution Date (prior to giving effect to any Scheduled Payments due on such Mortgage Loan on such Due Date) and (ii) each prepayment penalty received, if any.

Examples of Retained Yield in a sentence

The Seller agrees to sell, and the Company agrees to purchase, the mortgage loans (the "Mortgage Loans"), other than the Fixed Retained Yield with respect to the Mortgage Loans, listed on the Mortgage Loan Schedule and all of the Seller's interest with respect to the Mortgage Loans as the owner in, to and under each Servicing Agreement.
As provided in the Agreement, deductions and withdrawals from the Certificate Account may be made by the Master Servicer from time to time for purposes other than distributions to the Certificateholders, such purposes including payment of the Retained Yield and Administrative Fee to the Depositor and reimbursement to the Master Servicer of Monthly Advances and of certain expenses incurred by it.
The purchase price for any such Mortgage Loan shall be 100% of the unpaid principal balance of such Mortgage Loan plus accrued interest thereon at the Mortgage Interest Rate, less any Fixed Retained Yield for such Mortgage Loan, through the last day of the month in which such repurchase occurs.
The segregated pool of assets consisting of the Trust Fund but excluding the Retained Yield, the Middle REMIC Interests, the Lower REMIC Interests, the RL Interest, the RM Interest, the RU Interest and the Separate Interest Trust.
The segregated pool of assets consisting of the Trust Fund but excluding the Retained Yield and the Lower REMIC Interests.

More Definitions of Retained Yield

Retained Yield. As to each Mortgage Loan and any Distribution Date, an amount payable to (i) First Horizon Home Loans, in its individual capacity as Seller, or (ii) the subsequent owner of such amount though Seller’s sale, assignment, or certification of its rights to such amount, out of each full payment of interest received on such Mortgage Loan and equal to one-twelfth of the Retained Yield Rate multiplied by the Stated Principal Balance of such Mortgage Loan as of the Due Date in the month of such Distribution Date (prior to giving effect to any Scheduled Payments due on such Mortgage Loan on such Due Date).

Retained Yield. The percentage rate per annum of the principal balance from time to time of each Contract that is retained by the Depositor and payable out of each interest payment on a Contract, which percentage is set forth in Article XI and in the Contract Schedule.

Retained Yield. As set forth in the Reference Agreement, the portion of all interest accrued at the applicable Mortgage Rate (which may differ among Mortgage Loans, as specified in such Reference Agreement) of the outstanding principal balance of each Mortgage Loan from time to time outstanding that is retained by the Depositor hereunder, which is payable to the Depositor out of the interest portion of all payments or collections received on or with respect to the Mortgage Loan and, as the context requires, any similar amounts payable to a Servicer under the terms of the related Warranty and Servicing Agreement. Series: A separate series of Certificates issued pursuant to this Agreement, which Certificates may, as provided in the related Reference Agreement, be divided into one or more Classes or Subclasses with the characteristics specified in such Reference Agreement.

Retained Yield means the portion of the interest accruing on each Receivable for each Due Period for such Receivable, equal to interest at the Spread Rate for such Receivable.

Retained Yield. As to each Mortgage Loan in Pool I or Pool II and any Distribution Date, an amount payable to First Horizon Home Loan Corporation out of each full payment of interest received on such Mortgage Loan and equal to one-twelfth of the Retained Yield Rate multiplied by the Stated Principal Balance of such Mortgage Loan as of the Due Date in the month of such Distribution Date (prior to giving effect to any Scheduled Payments due on such Mortgage Loan on such Due Date).

Retained Yield. As set forth in the Reference Agreement, the portion of all interest accrued at the applicable APR (which may differ among Contracts, as specified in such Reference Agreement) or the outstanding principal balance of each Contract from time to time outstanding that is retained by the Depositor hereunder, which is payable to the Depositor out of the interest portion of all payments or collections received on or with respect to the Contract and, as the context requires, any similar amounts payable to a Servicer. Series: A separate series of Certificates issued pursuant to this Agreement, which Certificates may, as provided in the related Reference Agreement, be divided into one or more Classes or Subclasses with the characteristics specified in such Reference Agreement.

Retained Yield. The meaning assigned to such term in the Seller's Warranties and Servicing Agreement.