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 Amount means the present value, as of the Repayment Date, of the remaining scheduled payments of principal and interest from the Repayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid on the Repayment Date.
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.
Examples of Yield Maintenance Amount in a sentence
Any Yield Maintenance Amount or Partial Yield Maintenance Amount made on a Class shall be determined as set forth in the related Terms Supplement and shall be payable to related Holders as provided in Section 1.05.
During such time as Facility #2 is drawn down by way of fixed-rate loans, Facility #2 may be prepaid in whole or in part (subject to the notice periods provided hereunder) if the Borrower is not in default hereunder or under the Security Documents, and only upon payment of an amount (which the Lender and Borrower agree is a genuine pre-estimate of damages and not a penalty) equal to the greater of three (3) months' interest calculated on the amount prepaid, and the Yield Maintenance Amount.
Payments of principal, Yield Maintenance Amount, if any, and interest are to be made at the main office of JPMorgan Chase Bank, National Association in New York City or at such other place as the holder hereof shall designate to the Company in writing, in lawful money of the United States of America.
More Definitions of 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 Remaining Scheduled Payments with respect to the Called Principal of such Note over the amount of such Called Principal, provided that the Yield-Maintenance Amount may in no event be less than zero. For the purposes of determining the Yield-Maintenance Amount, the following terms have the following meanings:
Yield Maintenance Amount. For the Class 2-A-1, Class 2-A-4 and Class 4-A-3 Certificates and any Distribution Date prior to and including the Yield Maintenance Agreement Termination Date for which the one-month LIBOR, as determined in the related Yield Maintenance Agreement, exceeds the Cap Strike Rate, an amount equal to the product of (a) the Class Principal Balance of such Class of Certificates immediately prior to such Distribution Date, (b) the excess of (i) the lesser of (x) one-month LIBOR, as determined in the Yield Maintenance Agreement, and (y) the Maximum Cap Rate over (ii) the Cap Strike Rate and (c) one-twelfth.
Yield Maintenance Amount. For any Distribution Date (other than the Distribution Date in October 2005) prior to and including the Distribution Date in May 2008, an amount equal to the product of (a) the Class Certificate Balance of the Class 1-A-2 Certificates immediately prior to such Distribution Date, (b) the excess of (i) the lesser of 8.800% and LIBOR over (ii) 4.800% and (c) one-twelfth.
Yield Maintenance Amount means the positive difference, if any, between (i) the present value on the date of prepayment (by acceleration or otherwise) of all future installments of principal and interest which the Borrowers would otherwise be required to pay under the Note from the date of such prepayment until the Maturity Date absent such prepayment, including the unpaid principal amount which might otherwise be due upon the Maturity Date absent such prepayment, with such present value being determined by the use of a discount rate equal to the yield to maturity (adjusted to a "Mortgage Equivalent Basis" pursuant to the standards and practices of the Securities Industry Association), on the date of such prepayment of the United States Treasury Security having the term to maturity closest to what otherwise would have been the remaining term hereof absent such prepayment and (ii) the principal balance of the Loan on the date of such prepayment.
Yield Maintenance Amount means the amount which will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and
Yield Maintenance Amount means the “Yield-Maintenance Amount” as defined in either Note Purchase Agreement.
Yield Maintenance Amount means the present value, as of such prepayment date, of the remaining scheduled payments of principal and interest from the prepayment date through the Open Prepayment Date (and including the balloon payment due on the Maturity Date as if such balloon payment was due on the Open Prepayment Date) determined by discounting such payments at the Discount Rate (as defined in the Loan Agreement), less the amount of principal being prepaid on the prepayment date. Part B. Description of Notes Note Initial Note Principal Balance Initial Percentage Interest (approx.) Note Interest Rate (per annum) Initial Holder Lead Securitization Note (Yes/No) Note A-1-1 $114,900,000 9.2% 2.6921% BANA Yes Note A-1-2 $75,000,000 6.0% 2.6921% BANA No Note A-1-3 $75,000,000 6.0% 2.6921% BANA No Note A-2-1 $114,900,000 9.2% 2.6921% JPMCB Yes Note A-2-2 $30,000,000 2.4% 2.6921% JPMCB No Note A-2-3 $30,000,000 2.4% 2.6921% JPMCB No Note A-2-4 $30,000,000 2.4% 2.6921% JPMCB No Note A-2-5 $20,000,000 1.6% 2.6921% JPMCB No Note A-2-6 $20,000,000 1.6% 2.6921% JPMCB No Note A-2-7 $20,000,000 1.6% 2.6921% JPMCB No Note A-3-1 $76,600,000 6.1% 2.6921% Column Yes Note A-3-2 $30,000,000 2.4% 2.6921% Column No Note A-3-3 $30,000,000 2.4% 2.6921% Column No Note A-3-4 $20,000,000 1.6% 2.6921% Column No Note A-3-5 $20,000,000 1.6% 2.6921% Column No Note A-4-1 $76,600,000 6.1% 2.6921% DBRI Yes Note A-4-2 $40,000,000 3.2% 2.6921% DBRI No Note A-4-3 $30,000,000 2.4% 2.6921% DBRI No Note A-4-4 $20,000,000 1.6% 2.6921% DBRI No Note A-4-5 $10,000,000 0.8% 2.6921% DBRI No Note B-1 $110,100,000 8.8% 2.6921% BANA Yes Note B-2 $110,100,000 8.8% 2.6921% JPMCB Yes Note B-3 $73,400,000 5.9% 2.6921% Column Yes Note B-4 $73,400,000 5.9% 2.6921% DBRI Yes