Common use of Liquidation Amount Clause in Contracts

Liquidation Amount. For any Distribution Date, the excess, if any, of the sum of (A) the aggregate Liquidation Principal for all Group 4 Loans which became Liquidated Mortgage Loans during the Prior Period and (B) any Subsequent Recoveries for such Distribution Date for Loan Group 4, over the Group 4 Senior Liquidation Amount for such Distribution Date.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2007-Hy7), Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2007-Hy3)

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Liquidation Amount. For any Distribution Date, the excess, if any, of the sum of (A) the aggregate Liquidation Principal for all Group 4 2 Loans which became Liquidated Mortgage Loans during the Prior Period and (B) any Subsequent Recoveries for such Distribution Date for Loan Group 42, over the Group 4 2 Senior Liquidation Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar14)

Liquidation Amount. For any Distribution Date, the excess, if any, of the sum of (A) the aggregate Liquidation Principal for all Group 4 1 Loans which became Liquidated Mortgage Loans during the Prior Period and (B) any Subsequent Recoveries for such Distribution Date for Loan Group 41, over the Group 4 1 Senior Liquidation Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar14)

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Liquidation Amount. For any Distribution Date, the excess, if any, of the sum of (A) the aggregate of Liquidation Principal for all Group 4 Loans which became Liquidated Mortgage Loans during the Prior Period and (B) any Subsequent Recoveries for such Distribution Date for Loan Group 4, over the Group 4 Senior Liquidation Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2006-6)

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