Yield Maintenance Payment. For any Distribution Date and the Class II-A-1 Yield Maintenance Agreement, the payment, if any, to the holders of the Class II-A-1 Certificates from amounts paid under the Class II-A-1 Yield Maintenance Agreement. With respect to any Distribution Date and the Class II-A-1 Certificates, the Yield Maintenance Payment shall be the amount equal to (a) the product of (i) the positive excess, if any, of (A) the lesser of (x) LIBOR and (y) 8.80% per annum, over (B) 5.55% per annum, and (ii) the lesser of (x) the Certificate Principal Balance of the Class II-A-1 Certificates immediately prior to the related Distribution Date, and (y) the amount set forth for that Distribution Date in the Additional Terms table in the Class II-A-1 Yield Maintenance Agreement.
Appears in 2 contracts
Sources: Trust Agreement (RALI Series 2008-QR1Trust), Pooling and Servicing Agreement (RALI Series 2006-Qs12 Trust)