Allocated Realized Loss Amount definition

Allocated Realized Loss Amount. With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

Allocated Realized Loss Amount. With respect to any Distribution Date and any Class of Mezzanine Certificates, the amount by which (A) any Realized Losses allocated to such Class of Certificates on any Distribution Date pursuant to Section 4.04 exceeds the sum of (B) (i) any additions to the Class Principal Amount pursuant to Section 4.04(d) on such Distribution Date or any previous Distribution Date and (ii) the aggregate of the amounts paid in respect of reimbursement of Allocated Realized Loss Amounts pursuant to Section 4.01(a)(3) on previous Distribution Dates.

Allocated Realized Loss Amount. With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) the Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount remaining from the previous Distribution Date, reduced by the amount of the increase in the Certificate Principal Balance of such Class of Certificates due to the receipt of Subsequent Recoveries as provided in Section 4.01.

Examples of Allocated Realized Loss Amount in a sentence

• Any Realized Losses with respect to the Mortgage Loans shall be applied on each Distribution Date after the distributions provided for in Section 5.04 in reduction of the Certificate Principal Balance of the Class or Classes of Certificates as provided in the definition of Allocated Realized Loss Amount.

• Any amounts distributed to a Class of Certificates (other than the Class B-IO Certificates and the Residual Certificates) in respect of any Unpaid Allocated Realized Loss Amount will not be applied to reduce the Certificate Principal Balance of such Class.

• Additionally, the Certificate Principal Balance of each Class of Certificates (other than the Class B-IO Certificates and the Residual Certificates) that had been reduced by the allocation of a Realized Loss will be increased, in order of seniority, by the amount of such Subsequent Recovery, but not in excess of the Unpaid Allocated Realized Loss Amount for such Class immediately prior to that Distribution Date.

• The amount of any remaining Subsequent Recoveries will be applied to sequentially increase the Note Principal Balance of the Class of Notes, beginning with the Class of Notes with the related next highest payment priority, up to the amount of such Realized Losses previously allocated (but only to the extent not previously reimbursed through the payment of an Allocated Realized Loss Amount pursuant to Section 3.05(d)(iii)) to such Class of Notes pursuant to this Section 3.27.

• The "Allocated Realized Loss Amount," with respect to the Class M-1, Class M-2, Class B-1 and Class B-2 Certificates (together, the "Subordinated Certificates") and as to any Payment Date, means the Realized Loss Amount which has been applied in reduction of the Class Principal Balances of such Class.

More Definitions of Allocated Realized Loss Amount

Allocated Realized Loss Amount. With respect to any Class of Certificates (other than the Class P Certificates) and any Distribution Date, an amount equal to the sum of any Realized Loss allocated to that Class of Certificates on all prior Distribution Dates minus the sum of all payments in respect of Allocated Realized Loss Amounts distributed to that Class in connection with any Net Monthly Excess Cashflow on all previous Distribution Dates.

Allocated Realized Loss Amount. With respect to any Class of Offered Certificates and any Distribution Date, an amount equal to the sum of any Realized Loss allocated to that Class of Certificates on that Distribution Date and any Allocated Realized Loss Amount for that Class remaining unpaid from any previous Distribution Date, minus any Subsequent Recoveries applied to such Allocated Realized Loss Amount.

Allocated Realized Loss Amount. With respect to the Class B Bonds and any Payment Date, an amount equal to the sum of any Realized Loss allocated to the Class B Bonds on that Payment Date and any Allocated Realized Loss Amount for that Class remaining unpaid from the previous Payment Date.

Allocated Realized Loss Amount. With respect to any Distribution Date and any Class of Offered Certificates, an amount equal the sum of any Realized Losses allocated to that Class of Certificates on such Distribution Date and any Allocated Realized Loss Amounts previously allocated to such Class pursuant to Section 5.03 minus any amounts distributed to such Class pursuant to Section 5.01(a) in respect of Allocated Realized Loss Amounts.

Allocated Realized Loss Amount. With respect to any Class of Notes and any Payment Date, an amount equal to the sum of any Realized Loss allocated to that Class of Notes on that Payment Date and any Allocated Realized Loss Amount for that Class remaining unpaid from the previous Payment Date, in each case, with interest thereon at the applicable Note Interest Rate for such Payment Date for such Class for the related Accrual Period.

Allocated Realized Loss Amount. With respect to any Distribution Date and any Class of Offered Certificates, an amount equal to the sum of any Allocated Realized Loss Amount allocated to that Class of Certificates on that Distribution Date (other than, with respect to the Class A-1W Certificates, an Allocated Realized Loss Amount which was covered by the Certificate Guaranty Insurance Policy) and any Allocated Realized Loss Amount for that Class remaining unpaid from any previous Distribution Date.

Allocated Realized Loss Amount. With respect to any Class of Mezzanine Certificates and any Distribution Date, is an amount equal to the sum of (i) any Realized Loss allocated to that class of certificates on that Distribution Date and (ii) any Allocated Realized Loss Amount for that Class of Certificates from the previous Distribution Date that has not been reimbursed less any increases to the Certificate Principal Balance of that Class as a result of Recoveries.