Bankruptcy Coverage Termination Date. The point in time at which the Bankruptcy Loss Coverage Amount is reduced to zero.
Bankruptcy Coverage Termination Date. Not applicable.
Bankruptcy Coverage Termination Date. As to each Mortgage Pool, the Distribution Date on which the related Bankruptcy Loss Limit has been reduced to zero (or less than zero).
Examples of Bankruptcy Coverage Termination Date in a sentence
Bankruptcy Coverage Termination Date: With respect to any Group, the point in time at which the Bankruptcy Loss Coverage Amount is reduced to zero.
The Bankruptcy Loss Limit for each Mortgage Pool will be reduced, from time to time, by the amount of Bankruptcy Losses allocated to the Certificates until the Bankruptcy Coverage Termination Date.
More Definitions of Bankruptcy Coverage Termination Date
Bankruptcy Coverage Termination Date. As to each Certificate Group, the point in time at which the applicable Bankruptcy Loss Coverage Amount for such Certificate Group is reduced to zero.
Bankruptcy Coverage Termination Date. The Group I Bankruptcy Coverage Termination Date or the Group II Bankruptcy Coverage Termination Date.
Bankruptcy Coverage Termination Date. With respect to any relevant Series of Bonds, the earlier of (a) the Payment Date on which the amount of Bankruptcy Losses incurred on the mortgage loans underlying the Conventional Certificates securing such Series of Bonds and not previously deducted from the Bankruptcy Loss Amount relative to such Series of Bonds equals or exceeds such Bankruptcy Loss Amount on such Payment Date, and (b) the Cross-over Date relative to such Series of Bonds.
Bankruptcy Coverage Termination Date. As to any Aggregate Pool, the point in time at which the related Bankruptcy Loss Coverage Amount is reduced to zero.
Bankruptcy Coverage Termination Date. For each Mortgage Loan Group, the Distribution Date upon which the applicable Bankruptcy Loss Amount for such Group has been reduced to zero or a negative number (or the applicable Group 1-2 Cross-Over Date in the case of Mortgage Loan Group 1 and Mortgage Loan Group 2, the Group 3 Cross-Over Date in the case of Mortgage Loan Group 3 and the Group 4 Cross-Over Date in the case of Mortgage Loan Group 4, in each case if earlier).
Bankruptcy Coverage Termination Date. The Distrixxxxxn Date upon which the Bankruptcy Loss Amount has been reduced to zero or a negative number (or the Cross-Over Date, if earlier).
Bankruptcy Coverage Termination Date. With respect to Asset Group 2 or Asset Group 3, the point in time at which the Bankruptcy Loss Coverage Amount is reduced to zero.