Excess Losses definition

Excess Losses. For any Distribution Date, the amount of any (i) Fraud Losses in excess of the Fraud Loss Amount, (ii) Special Hazard Losses in excess of the Special Hazard Loss Amount or (iii) Bankruptcy Losses in excess of the Bankruptcy Loss Amount.

Excess Losses. (i) Special Hazard Losses in excess of the Special Hazard Amount, (ii) Bankruptcy Losses in excess of the Bankruptcy Amount, (iii) Fraud Losses in excess of the Fraud Loss Amount and (iv) Extraordinary Losses.

Excess Losses as defined in the Underlying Agreement.

Examples of Excess Losses in a sentence

• A Retiring Member other than a Defaulter shall be liable in respect of Aggregate Excess Losses relating to any Default which arises prior to the relevant Retirement Effective Date.

• Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date.

• Excess Losses shall be allocated among the Senior Certificates and the Subordinate Certificates by Pro Rata Allocation.

• Coverage for Excess Losses: The Group C-B Certificates will provide limited protection to the classes of certificates of higher relative priority against Special Hazard Losses, Bankruptcy Losses, and Fraud Losses in excess of certain amounts, as described in the Prospectus Supplement.

• This Rule applies to a Defaulter (the " First Defaulter") and, where the First Defaulter is a Sponsored Member, each Agent Member of the First Defaulter where the Contribution of or for the account of the First Defaulter has not been repaid to the First Defaulter or its Agent Members (as applicable) or applied by the Clearing House under Rule 19, and Aggregate Excess Losses arise upon the Defaults of other Clearing Members.

More Definitions of Excess Losses

Excess Losses. The sum of any Excess Bankruptcy Losses, Excess Fraud Losses and Excess Special Hazard Losses.

Excess Losses. For any Distribution Date and Loan Group, the amount of any (i) Fraud Losses on the Mortgage Loans in such Loan Group in excess of the Fraud Loss Amount for such Loan Group, (ii) Special Hazard Losses on the Mortgage Loans in such Loan Group in excess of the Special Hazard Loss Amount for such Loan Group or (iii) Bankruptcy Losses on the Mortgage Loans in such Loan Group in excess of the Bankruptcy Loss Amount for such Loan Group.

Excess Losses. Means, collectively, Excess Bankruptcy Losses, Excess Fraud Losses and Excess Special Hazard Losses.

Excess Losses. Any Special Hazard Losses in excess of the related Special Hazard Loss Coverage Amount, Bankruptcy Losses in excess of the related Bankruptcy Loss Coverage Amount and Fraud Losses in excess of the related Fraud Loss Coverage Amount.

Excess Losses has the meaning given such term in Section 2.4.5.

Excess Losses. With respect to a Series of Bonds and a Payment Date, an amount equal to the sum of Excess Bankruptcy Losses (other than Debt Service Reductions), Excess Fraud Losses and Excess Special Hazard Losses.

Excess Losses. Special Hazard Losses in excess of the Special Hazard Loss Coverage Amount, Bankruptcy Losses in excess of the Bankruptcy Loss Coverage Amount and Fraud Losses in excess of the Fraud Loss Coverage Amount. Exchange Act: Securities and Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. Exemption: Prohibited Transaction Exemption 93-32, as amended from time to time.