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.
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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.
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Existing Lien Loss means with respect to a Mortgage Loan, an actual and direct loss caused by an Existing Lien.
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Related to Existing Lien Loss

  • Existing Lien shall have the meaning assigned to such term in Section 6.02(c).

  • Existing Liens means Liens on the property or assets of the Company and/or any of its Subsidiaries existing on the date of this Indenture securing Indebtedness of the Company or any of its Subsidiaries (other than Liens incurred pursuant to clause (1) of Section 4.07 hereof).

  • Modification Loss A decrease in the total payments due from a Borrower as a result of a modification of such Mortgage Loans following a default or reasonably expected default thereon. If a Modification Loss results in a decrease in the Note Rate of a Mortgage Loan, such Modification Loss shall be treated as occurring on each Due Date to the extent of such decrease.

  • DIP Financing Liens has the meaning assigned to such term in Section 2.05(b).

  • Priority Debt means, as of any date, the sum (without duplication) of (i) Indebtedness of the Company and its Subsidiaries secured by Liens not otherwise permitted by Sections 10.4(a) through (h), and (ii) outstanding unsecured Indebtedness of Subsidiaries not otherwise permitted by Sections 10.3(a) through (d).