Bankruptcy Coverage Termination Date definition

Bankruptcy Coverage Termination Date. The point in time at which the Bankruptcy Loss Coverage Amount is reduced to zero.
Bankruptcy Coverage Termination Date. As to any Mortgage Pool, the Distribution Date on which the Bankruptcy Loss Limit has been reduced to zero (or less than zero).
Bankruptcy Coverage Termination Date. The date on which the Bankruptcy Loss Coverage Amount is reduced to zero.

Examples of Bankruptcy Coverage Termination Date in a sentence

Bankruptcy Coverage Termination Date: The Distribution Date upon which the Bankruptcy Loss Amount has been reduced to zero or a negative number (or the Cross-Over Date, if earlier).

Any Deficient Valuation or Debt Service Reduction, or portion thereof, (i) occurring after the Bankruptcy Coverage Termination Date or (ii) if on such date, in excess of the then-applicable Bankruptcy Loss Amount.

Th is was at least in par t because of the unh appy experien ce with Volkswagen and Veba dis cussed previously.

Excess Bankruptcy Loss: Any Deficient Valuation or Debt Service Reduction, or portion thereof, (i) occurring after the Bankruptcy Coverage Termination Date or (ii) if on such date, in excess of the then-applicable Bankruptcy Loss Amount.


More Definitions of Bankruptcy Coverage Termination Date

Bankruptcy Coverage Termination Date. With respect to any Loan Group, the point in time at which the Bankruptcy Loss Coverage Amount is reduced to zero.
Bankruptcy Coverage Termination Date. The Distribution 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. The Distribution Date on which the Bankruptcy Loss Limit has been reduced to zero (or less than zero).
Bankruptcy Coverage Termination Date. Not applicable.
Bankruptcy Coverage Termination Date. As to each Mortgage Pool, the Distribution Date upon which the Bankruptcy Loss Amount for such Mortgage Pool has been reduced to zero or a negative number (or the related CrossOver Date, if earlier).
Bankruptcy Coverage Termination Date. The point in time at which the related Bankruptcy Loss Coverage Amount has been reduced to zero.
Bankruptcy Coverage Termination Date. As to either Certificate Group, the point in time at which the related Bankruptcy Loss Coverage Amount is reduced to zero.