Existing Lien Loss definition
Existing Lien Loss means with respect to a Mortgage Loan, an actual and direct loss incurred during the Indemnification Period that is due to an Existing Lien.
Existing Lien Loss means with respect to a Mortgage Loan, an actual and direct loss incurred during the first thirty-six (36) months after the Closing Date that is due to an Existing Lien.
Existing Lien Loss means with respect to a Mortgage Loan, an actual and direct loss caused by an Existing Lien.