Credit Event Net Gain definition

Credit Event Net Gain. With respect to any Credit Event Reference Obligation, an amount equal to the excess, if any, of (a) the related Net Liquidation Proceeds; over (b) the sum of (i) the related Credit Event UPB; (ii) the total amount of prior principal forgiveness modifications, if any, on the related Credit Event Reference Obligation; and (iii) delinquent accrued interest thereon, calculated at the related Current Accrual Rate from the related last paid interest date through the date Freddie Mac determines such Reference Obligation has been reported as a Credit Event Reference Obligation.
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Credit Event Net Gain means, with respect to any Credit Event Reference Obligation, an amount equal to the excess, if any, of:
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Credit Event Net Gain means, with respect to any Credit Event Reference Obligation, an amount equal to the excess, if any, of: (x) the related Net Liquidation Proceeds over (y) the sum of:
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Examples of Credit Event Net Gain in a sentence

  • Notice of Claim - means the Current Period Credit Event Net Gain or Loss and the Current Period Modification Loss Amount as specified in Exhibit B of this Policy.

  • Notice of Claim – means the Current Period Credit Event Net Gain or Loss and the Current Period Modification Loss Amount as specified in Exhibit A of this Policy.

  • Notice of Claim - means the Current Period Credit Event Net Gain or Loss as specified in Exhibit A of this Policy.

  • Notice of Claim - means the Current Period Credit Event Net Gain or Loss as specified in Exhibit A of this Policy.Optional Policy Cancellation - means the basis for cancellation of this Policy as specified on the Declarations Page.

  • Notice of Claim - means the Current Period Credit Event Net Gain or Loss and the Current Period Modification Loss Amount as specified in Exhibit A of this Policy.

  • Notice of Claim - means the Current Period Credit Event Net Gain or Loss as specified in Exhibit B of this Policy.

Related to Credit Event Net Gain

  • Credit Event Net Loss With respect to any Credit Event Reference Obligation, an amount equal to the excess, if any, of (a) the sum of: (i) the related Credit Event UPB; (ii) the total amount of prior principal forgiveness modifications, if any, on the related Credit Event Reference Obligation; and (iii) delinquent accrued interest thereon, calculated at the related Current Accrual Rate from the related last paid interest date through the date Freddie Mac determines such Reference Obligation has been reported as a Credit Event Reference Obligation, over (b) the related Net Liquidation Proceeds.

  • Credit Event UPB means, with respect to any Credit Event Reference Obligation, the unpaid principal balance thereof as of the end of the Reporting Period related to the Payment Date that it became a Credit Event Reference Obligation.

  • Credit Event Amount means, with respect to any Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.

  • Credit Event shall have the meaning assigned to such term in Section 4.01.

  • Credit Event Reference Obligation means, with respect to any Payment Date, any Reference Obligation with respect to which a Credit Event has occurred.

  • Contributed Property means each property or other asset, in such form as may be permitted by the Delaware Act, but excluding cash, contributed to the Partnership. Once the Carrying Value of a Contributed Property is adjusted pursuant to Section 5.5(d), such property shall no longer constitute a Contributed Property, but shall be deemed an Adjusted Property.

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders: