Gain-on-Sale Proceeds. With respect to any Mortgage Loan or Companion Loan, as applicable, the excess of (i) Liquidation Proceeds of the Mortgage Loan or Companion Loan or related REO Property net of any related Liquidation Expenses, Unliquidated Advances, unreimbursed Advances, Liquidation Fees, unreimbursed interest on Advances, unpaid Servicing Fees, and unpaid Special Servicing Fees and additional Trust Fund expenses over (ii) the Purchase Price for such Mortgage Loan or Companion Loan, as applicable, on the date on which such Liquidation Proceeds were received. For the avoidance of doubt, Gain-on-Sale Proceeds allocable to a Companion Loan shall not be assets of the Trust Fund, the Lower-Tier REMIC or the Upper-Tier REMIC.

Examples of Gain-on-Sale Proceeds in a sentence

No. 33 (“Crosby Aff.”) ¶ 9, Ex. G at 5-6.) Certain investors, namely Appaloosa, have argued that these amounts belong to the Trusts as Gain-on-Sale Proceeds.
The swift increase in emerging markets, including military and civilian integration, rural development, utility tunnel, sponge city, greening and environmental protection and pollution control are expected to grow rapidly.
If the Special Servicer pays Penalty Interest or Yield Maintenance Charges out of Liquidation Proceeds and thereby reduces or eliminates the Gain-on-Sale Proceeds that belong to Certificateholders, then the Special Servicer has breached the C30 PSA’s unambiguous terms.
The decrease was primarily attributable to a decrease in the accrual for bonuses of $2.4 million, partially offset by an increase in salaries and benefits expense of $1.0 million primarily as a result of merit-based increases and newly hired staff.
The District Court identified a third perceived ambiguity – whether the definition of REO Loan applies to REO sales that result in Gain-on-Sale Proceeds – that is rendered moot by the resolution of the first two ambiguities in Appaloosa’s favor.

More Definitions of Gain-on-Sale Proceeds

Gain-on-Sale Proceeds. With respect to any Trust Mortgage Loan or Trust REO Loan, the excess, if any, of (i) any and all Liquidation Proceeds collected with respect to such Mortgage Loan or the related REO Property, as the case may be, net of any related liquidation expenses, P&I Advances, Servicing Advances, Principal Recovery Fees, interest on Advances, Master Servicing Fees, Special Servicing Fees and Additional Trust Fund Expenses, and if applicable, further net of any portion of such Liquidation Proceeds payable to the related Non-Trust Noteholder(s) (if any), over (ii) the Purchase Price for such Trust Mortgage Loan or Trust REO Loan, as the case may be, on the date on which such Liquidation Proceeds were received.

Gain-on-Sale Proceeds. With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan) and, in the case of any Trust Whole Loan, the related Trust Companion Loan, the excess of (i) Liquidation Proceeds net of any related Liquidation Expenses (or the portion of such net Liquidation Proceeds payable to the related Mortgage Loan (and, in the case of any Trust Whole Loan, the related Trust Companion Loan) pursuant to the related Intercreditor Agreement) over (ii) the Purchase Price for such Mortgage Loan (and, in the case of any Trust Whole Loan, the related Trust Companion Loan) on the date on which such Liquidation Proceeds were received.

Gain-on-Sale Proceeds. With respect to any Specially Serviced Trust Mortgage Loan or Administered REO Property, the excess, if any, of (i) any Liquidation Proceeds with respect to the subject Trust Mortgage Loan or REO Property, as the case may be (net of any related Liquidation Expenses and, in the case of any SLC Trust Mortgage Loan or the related SLC REO Property, further net of any portion of such Liquidation Proceeds payable to the related Serviced Non-Trust Mortgage Loan Noteholder(s)), over (ii) the Purchase Price for such Trust Mortgage Loan or the related REO Trust Mortgage Loan, as the case may be, on the date on which such Liquidation Proceeds were received.