Examples of Fraud Loss Coverage Amount in a sentence
The Fraud Loss Coverage Amount will be reduced, from time to time, by the amount of Fraud Losses allocated to the Group I Certificates and Group II Certificates.
The Class M Certificates and Class B Certificates will provide limited protection to the Classes of Certificates of higher relative priority against (i) Special Hazard Losses in an initial amount equal to the Special Hazard Loss Coverage Amount, (ii) Bankruptcy Losses in an initial amount equal to the Bankruptcy Loss Coverage Amount and (iii) Fraud Losses in an initial amount equal to the Fraud Loss Coverage Amount.
The date on which the Fraud Loss Coverage Amount is reduced to zero.
The Fraud Loss Coverage Amount will be reduced, from time to time, by the amount of Fraud Losses allocated to the Certificates.
As of any Distribution Date on or after the earlier of the Cross-over Date or the fifth anniversary of the Cut-off Date, the Fraud Loss Coverage Amount shall be zero.