Bankruptcy Amount. As of any date of determination prior to the first anniversary of the Cut-off Date, an amount equal to the excess, if any, of (A) $100,000 over (B) the aggregate amount of Bankruptcy Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05
Bankruptcy Amount. As of any date of determination, $100,000 minus all Bankruptcy Losses on the Mortgage Loans, if any, previously allocated to the Certificates in accordance with Section 6.04. BANKRUPTCY CODE: Title 11 of the United States Code, as the same may be amended from time to time.
Bankruptcy Amount. As of any date of determination, an amount, equal to the excess, if any, of (A) $_______, over (B) the aggregate amount of Bankruptcy Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.04. The Bankruptcy Amount may be further reduced by the Master Servicer (including accelerating the manner in which such coverage is reduced) provided that prior to any such reduction, the Master Servicer shall (i) obtain written confirmation from each Rating Agency that such reduction shall not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency and (ii) provide a copy of such written confirmation to the Trustee.
Examples of Bankruptcy Amount in a sentence
Group I Bankruptcy Amount: As of any date of determination, an amount equal to $100,000, less the sum of any amounts allocated through Section 4.05 for Bankruptcy Losses on the Group I Loans up to such date of determination.
Group I Excess Bankruptcy Loss: With respect to the Group I Loans, any Bankruptcy Loss on the Group I Loans, or portion thereof, which exceeds the then-applicable Group I Bankruptcy Amount.
Group II Excess Bankruptcy Loss: With respect to the Group II Loans, any Bankruptcy Loss on the Group II Loans, or portion thereof, which exceeds the then-applicable Group II Bankruptcy Amount.
Group II Bankruptcy Amount: As of any date of determination, an amount equal to $374,033, less the sum of any amounts allocated through Section 4.05 for Bankruptcy Losses on the Group II Loans up to such date of determination.
Undetermined Nature of claim: Creditor - Bankruptcy Amount requested: $0 74.
More Definitions of Bankruptcy Amount
Bankruptcy Amount. As of any date of determination prior to the first anniversary of the Cut-off Date, an amount equal to the excess, if any, of (A) $50,000 over (B) the aggregate amount of Bankruptcy Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.02. As of any date of determination on or after the first anniversary of the Cut-off Date, an amount equal to the excess, if any, of (1) the lesser of (a) the Bankruptcy Amount calculated as of the close of business on the Business Day immediately preceding the most recent anniversary of the Cut-off Date coinciding with or preceding such date of determination (or, if such date of determination is an anniversary of the Cut-off Date, the Business Day immediately preceding such date of determination) (for purposes of this definition, the “Relevant Anniversary”) and (b) the greater of:
Bankruptcy Amount. As of any date of determination, an amount equal to the excess, if any, of (A) $100,000 over (B) the aggregate amount of Bankruptcy Losses allocated solely to the Subordinate Certificates in accordance with Section 4.04.
Bankruptcy Amount. As of any date of determination, $50,000 minus all Bankruptcy Losses on the Mortgage Loans, if any, previously allocated to the Certificates in accordance with Section 6.04.
Bankruptcy Amount. As of any date of determination prior to the first Anniversary, an amount equal to the excess, if any, of (A) $151,879.00 over (B) the aggregate amount of Bankruptcy Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.04. As of any date of determination on or after the first Anniversary, an amount equal to the excess, if any, of the lesser of (a) the Bankruptcy Amount calculated as of the close of business on the Business Day immediately preceding the most recent Anniversary coinciding with or preceding such date of determination (or, if such date of determination is an Anniversary, the Business Day immediately preceding such date of determination) (for purposes of this definition, the "Relevant Anniversary") and (b) the greater of (i) $75,000 and (ii) 0.0006 times the aggregate principal balance of all the Mortgage Loans in the Mortgage Pool as of the Relevant Anniversary having a Loan-to-Value Ratio at origination which exceeds 75%. The Bankruptcy Amount may be further reduced by the Master Servicer (including accelerating the manner in which such coverage is reduced) provided that prior to any such reduction, the Master Servicer shall (i) obtain written confirmation from each Rating Agency that such reduction shall not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency and (ii) provide a copy of such written confirmation to the Trustee.
Bankruptcy Amount. As of any date of determination, $100,000 minus the aggregate amount of Bankruptcy Losses on the Mortgage Loans, if any, previously allocated to the Mezzanine Certificates and the Class CE Certificates in accordance with Section 4.04.
Bankruptcy Amount. As of any date of determination, an amount, equal to the excess, if any, of (A) $______, over (B) the aggregate amount of draws made under the Letter of Credit with respect to Bankruptcy Losses since the Cut-off Date up to such date of determination in accordance with Section 4.04. The Bankruptcy Amount may be further reduced by the Master Servicer (including accelerating the manner in which such coverage is reduced) provided that prior to any such reduction, the Master Servicer shall (i) obtain written confirmation from each Rating Agency that such reduction shall not reduce the rating assigned to the Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency and (ii) provide a copy of such written confirmation to the Trustee.
Bankruptcy Amount. As of any date of determination prior to the first anniversary of the Cut-off Date, an amount equal to the excess, if any, of (A) $290,556 over (B) the aggregate amount of Bankruptcy Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 of this Series Supplement. As of any date of determination on or after the first anniversary of the Cut-off Date, an amount equal to the excess, if any, of