Yield Maintenance Agreement definition

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-A-2 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.

Yield Maintenance Agreement. The interest rate yield maintenance agreement consisting of the ISDA Master Agreement and the Schedule dated as of the Closing Date and the 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.

Yield Maintenance Agreement. Either of the Class A-2 Yield Maintenance Agreement or the Class M Yield Maintenance Agreement.

Examples of Yield Maintenance Agreement in a sentence

• There are no shortfalls on amounts that were previously required to be paid under the Yield Maintenance Agreement.

• The Certificates (other than the Class R and Class PPP Certificates) shall together be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Regular Interests and the Yield Maintenance Agreement pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

• The “Scheduled Notional Amount” for any applicable Distribution Date is the applicable scheduled amount set forth with respect to each Distribution Date in “Annex II Yield Maintenance Agreement Schedules; Scheduled Notional Amount” relating to the applicable Yield Maintenance Agreement.

• The respective obligations of the Cap Counterparty and the Trust to pay specified amounts due under each Yield Maintenance Agreement will be subject to the following conditions precedent: (1) no Cap Default or event that with the giving of notice or lapse of time or both would become a Cap Default shall have occurred and be continuing with respect to such Yield Maintenance Agreement; and (2) no Termination Event has occurred or been effectively designated with respect to such Yield Maintenance Agreement.

• The Pooling Agreement will contain provisions permitting the Trustee to enter into any amendment to a Yield Maintenance Agreement requested by the Cap Counterparty to cure any ambiguity in, or correct or supplement any provision of, a Yield Maintenance Agreement, so long as the Trustee determines that the amendment will not adversely affect the interests of the related certificateholders.

More Definitions of Yield Maintenance Agreement

Yield Maintenance Agreement. The interest rate cap agreement between the Trustee, on behalf of the Trust, and the Yield Maintenance Agreement Provider substantially in the form attached hereto as Exhibit N. The Yield Maintenance Agreement shall not be an asset of any REMIC formed under this Agreement.

Yield Maintenance Agreement. The Subgroup 1 Yield Maintenance Agreement, Subgroup 2 Yield Maintenance Agreement and the Subordinate Yield Maintenance Agreement, as applicable.

Yield Maintenance Agreement. Each of the two transactions evidenced by the confirmations dated October 29, 2004 together with any other related documents thereto, between the Yield Maintenance Provider and the Securities Administrator. One Yield Maintenance Agreement will be for the benefit of the Class 2-A3, Class 2-A4A and Class 2-A4B Certificates, and one each for the benefit of the Class 3-A2 Certificates.

Yield Maintenance Agreement. The interest rate cap agreement for the benefit of the LIBOR Certificates by and between the Yield Maintenance Provider and the Administrator, on behalf of the Yield Maintenance Trust, including the ISDA Master Agreement between the Yield Maintenance Provider and the Administrator, the schedule thereto and the related confirmation (Ref. No. FXNEC9863), dated as of July 31, 2007 attached as Exhibit Y hereto. The Yield Maintenance Agreement shall be an asset of the Yield Maintenance Trust and not of the Trust Fund or any REMIC.

Yield Maintenance Agreement. The interest rate cap agreement by and between the Yield Maintenance Provider and the Securities Administrator, on behalf of the Trust Fund, including the ISDA Master Agreement between the Yield Maintenance Provider and the Securities Administrator, the schedule thereto and the related confirmation (Ref. No. FXHMLT613A), dated as of December 13, 2006, a copy of which is attached as Exhibit X hereto.

Yield Maintenance Agreement. The yield maintenance agreement, effective as of December 28, 2005, between the Yield Maintenance Agreement Provider and the Trustee, on behalf of the Trust, which agreement provides for Yield Maintenance Payments and Yield Maintenance Termination Payments to be paid, as provided therein, together with any schedules, confirmations or other agreements relating thereto, attached hereto as Exhibit U.

Yield Maintenance Agreement. The agreement, dated as of the Closing Date, between the Trustee and the Yield Maintenance Agreement Provider, relating to the Class A-4 Certificates, or any replacement, substitute, collateral or other arrangement in lieu thereto.