Liquidation Loss Amount. With respect to any Payment Date and any Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period, the unrecovered portion of the Principal Balance of such Mortgage Loan and any unpaid accrued interest thereon at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of such Principal Balance.
Liquidation Loss Amount means, with respect to any Payment Date and any Mortgage Loan that becomes a Liquidated Mortgage Loan during the related Collection Period, its unrecovered Asset Balance at the end of the Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of the Asset Balance. A Liquidation Loss Amount cannot be less than $0.
Liquidation Loss Amount. With respect to any Payment Date and any Home Loan that became a Liquidated Home Loan during the related Collection Period, the unrecovered portion of the related Loan Balance thereof at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied to reduce the related Loan Balance. In addition, as to any Home Loan for which the principal balance has been reduced in connection with bankruptcy proceedings, the amount of the reduction will be treated as a Liquidation Loss Amount.
Examples of Liquidation Loss Amount in a sentence
Following the final determination of the Liquidation Loss Amount (as defined in the Credit Default Swap) for the Neumarkt Credit Default Swap 1 approximately €126.4m had been transferred to the Transaction Account of the Issuer.
Legal disputes The Issuer, the Cash Manager and the Servicer have incurred significant fees and expenses in relation to an ongoing dispute in relation to, among other things, the calculation of the Liquidation Loss Amount under certain of the Credit Default Swaps.
The Calculation Agent has determined the Liquidation Loss Amount in respect of the Neumarkt Reference Obligation to be EUR7,220,928.
More Definitions of Liquidation Loss Amount
Liquidation Loss Amount for any Payment Date and any Mortgage Loan that becomes a Liquidated Mortgage Loan during the related Collection Period is the unrecovered Asset Balance of the Mortgage Loan at the end of the Collection Period after reducing the Asset Balance for the Net Liquidation Proceeds.
Liquidation Loss Amount means, with respect to any Payment Date and any Liquidated Mortgage Loan, the unrecovered Principal Balance thereof at the end of the related Collection Period in which such Mortgage Loan became a Liquidated Mortgage Loan, after giving effect to the Liquidation Proceeds in connection therewith.
Liquidation Loss Amount. With respect to any Payment Date and any Home Loan that became a Liquidated Home Loan during the related Collection Period, the unrecovered portion of the related Loan Balance thereof at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of the Loan Balance.
Liquidation Loss Amount. With respect to any Payment Date and any Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period, the unrecovered portion of the Principal Balance of such Mortgage Loan and any unpaid accrued interest thereon at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of such Principal Balance. Liquidation Proceeds: Proceeds (including Insurance Proceeds but not including amounts drawn under the Policy) if any received in connection with the liquidation of any Mortgage Loan or related REO Property, whether through trustee's sale, foreclosure sale or otherwise.
Liquidation Loss Amount. ’ means with respect to any Liquidated Mortgage Loan, the unrecovered principal balance thereof at the end of the Collection Period in which such mortgage loan became a Liquidated Mortgage Loan, after giving effect to the Net Liquidation Proceeds in connection therewith.
Liquidation Loss Amount means with respect to any Liquidated Asset, the unrecovered Principal Balance thereof at the end of the Due Period in which such Asset became a Liquidated Asset after giving effect to the Net Liquidation Proceeds in connection therewith.
Liquidation Loss Amount. ’ means with respect to any Liquidated Mortgage Loan, the unrecovered principal balance thereof at the end of the Collection Period in which such mortgage loan became a Liquidated Mortgage Loan, after giving effect to the Net Liquidation Proceeds in connection therewith. The “Investor Loss Amount’’ for a loan group shall be the product of the Investor Floating Allocation Percentage for that loan group and the Liquidation Loss Amount for that loan group for such distribution date.