Yield Enhancement Payment definition

Yield Enhancement Payment means % per annum of the Stated Amount, accruing from , 1999, computed on the basis of a 360-day year of twelve 30-day months and, for any period less than a full calendar month, the number of days elapsed in such month, together with, in the case of any Defaulted Yield Enhancement Payment, interest thereon in accordance with Section 308. SECTION 102 Compliance Certificates and Opinions. Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee an Officers' Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of any such documents is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. Every certificate or opinion with respect to compliance with a covenant or condition provided for in this Indenture (other than pursuant to Section 907) shall include:
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Yield Enhancement Payment means a cumulative preferred return in an amount equal to 0.075% per annum of the principal balance of the loans in the CLO, computed on the same basis that is utilized for payment of the collateral management fee by the CLO.
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Yield Enhancement Payment means an amount equal to one-half percent (0.5%) of the original principal amount of the Notes.
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Examples of Yield Enhancement Payment in a sentence

  • At least 5 Business Days prior to the applicable Record Date, the Company shall notify the Trustee in writing of the aggregate amount of the Yield Enhancement Payment, if any, to be paid on each Payment Date.

  • A pro rata portion (based on the beneficial interest in the Forward Contract represented by each of the Securities) of the Yield Enhancement Payment, if any, shall be remitted (a) by the Company to the Paying Agent prior to 10:00 am on each Payment Date and (b) thereafter by the Paying Agent on each Payment Date to the Persons in whose name such Securities are registered at the close of business on the Record Date therefor.

  • The Yield Enhancement Payment will be payable at the office of the Agent in The City of New York maintained for that purpose or, at the option of the Company, by check mailed to the address of the Person entitled thereto at such address as it appears on the Security Register.

  • The Purchase Contracts and the obligations and rights of the Company and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Yield Enhancement Payment, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Agent or the Company, if, on or prior to the Final Settlement Date, a Termination Event shall have occurred.

  • For each series, a pro rata portion (based on the beneficial interest in the Forward Contract for that series represented by each of the Securities of that series) of the Yield Enhancement Payment, if any, shall be remitted (a) by the Company to the Paying Agent prior to 10:00 am on each Payment Date and (b) thereafter by the Paying Agent on each Payment Date to the Persons in whose name such Securities are registered at the close of business on the Record Date therefor.

  • Borrower agrees to pay Purchasers on the Funding Date, the Yield Enhancement Payment, and Purchasers shall deduct from the purchase price of the Notes an amount equal to the Yield Enhancement Payment, which shall be deemed to be fully earned by and paid to Purchasers on the Funding Date.

  • The Purchase Contracts and the obligations and rights of the Company and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Yield Enhancement Payment or any Deferred Yield Enhancement Payments, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Agent or the Company, if, on or prior to the Final Settlement Date, a Termination Event shall have occurred.

  • Such Yield Enhancement Payment shall be payable to the Person in whose name this Security Certificate (or a Predecessor Security Certificate) is registered at the close of business on the Record Date next preceding such Payment Date.

  • The Borrower agrees to pay to the Administrative Agent for the account of each Lender a yield enhancement payment, which shall accrue at the applicable Yield Enhancement Payment Rate on the average daily unused amount of the Commitment of such Lender during the period from and including the date of this Agreement to but excluding the Termination Date.

  • A pro rata portion (based on the beneficial interest in the Forward Contract represented by each of the Securities) of the Yield Enhancement Payment shall be remitted (a) by the Company to the Paying Agent prior to 10:00 am on each Payment Date and (b) thereafter by the Paying Agent on each Payment Date to the Persons in whose name such Securities are registered at the close of business on the Record Date therefor.


More Definitions of Yield Enhancement Payment

Yield Enhancement Payment means the fee payable by the Company on each Payment Date in respect of each Purchase Contract, equal to ____% per annum of the Stated Amount, computed on the basis of the actual number of days elapsed in a year of 365 or 366 days, as the case may be, plus any Deferred Yield Enhancement Payments accrued pursuant to Section 5.3, except that the Yield Enhancement Payment payable on the first Payment Date will be adjusted so that the Yield Enhancement Payment payable on such date will be the equivalent of ____% of the Stated Amount per annum accruing from the date of issuance of the Securities to ____________, 1998.
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Yield Enhancement Payment means an amount equal to three percent (3%) of the outstanding principal amount of the Notes payable by the issuance to the Lenders of duly authorized shares of Common Stock of the Borrower valued at the Yield Enhancement Price.
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Yield Enhancement Payment means the fee payable by the Company in respect of each Purchase Contract, equal to ____% per annum of the Stated Amount, accruing from __________, 1997, computed on the basis of the actual number of days elapsed in a year of 365 or 366 days, as the case may be, plus any Deferred Yield Enhancement Payments accrued pursuant to Section 5.3, except that on the initial Payment Date the Yield Enhancement Payment shall be reduced by an amount equal to accrued interest to __________, 1997, on the Treasury Note constituting a part of a Security.
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Yield Enhancement Payment means _____% per annum of the Stated Amount, accruing from ____________, 1998 [insert date of original issue of TARGETS], computed on the basis of a 360-day year of twelve 30-day months and, for any period less than a full calendar month, the number of days elapsed in such month.
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Related to Yield Enhancement Payment

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.