Interest Loss definition

Interest Loss. With respect to any Realized Loss, the excess of accrued and unpaid interest due on the related Mortgage Loan over the amount allocated to interest thereon in accordance with Section 3.08(d), and (ii) with respect to any Debt Service Reduction and any calendar month, the reduction in the amount of interest due on the related Mortgage Loan during such month as a result of the relevant bankruptcy proceeding. The amount of any Interest Loss described in clause (i) of the preceding paragraph will be allocated among the Base Servicing Fee, the Supplemental Servicing Fee and the Certificates in accordance with Section 3.08(d). The amount of any Interest Loss described in clause (ii) of the preceding paragraph will be allocated among the Base Servicing Fee, the Supplemental Servicing Fee and the Certificates in proportion to the amount of interest that would have been allocated to the Base Servicing Fee at the Base Servicing Fee Rate, the Supplemental Servicing Fee at the Supplemental Servicing Fee Rate and interest at the Remittance Rate, respectively, in the absence of the Debt Service Reduction.
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Examples of Interest Loss in a sentence

  • The resulting Interest Loss shall be allocated among each such category in the same proportion as described in the preceding sentence.

  • The portion so allocated to interest at the Remittance Rate shall be allocated to the Certificates for purposes of making the allocation specified in the definition of Certificate Interest Loss.

  • Subject to clauses iii and iv, below, any amounts due Buyer from Seller as the result of a Deficient Interest Loss shall be paid to Buyer by Seller within thirty (30) days after receipt of notice of such Loss and Buyer shall have no further liability or obligation with respect to such Loss.

  • The portion so allocated to interest at the Remittance Rate shall be allocated to the Certificates of the related Certificate Group for purposes of making the allocation specified in the definition of Certificate Interest Loss.

  • London under- writers are masters at this part of the Gross written premiums, direct insurance 1998: USD 228.1m Market share for CEFOR members USD 149.4m/65.5 % *Hull, Machinery, Hull Interest, Loss of Hire etc., Norwegian and International business USDm % 1.

  • So long as Seller continues in a diligent manner to contest and defend against any such Loss, payment of the Deficient Interest Loss shall not be due, and the amount of the Deficient Interest Loss shall be adjusted to the extent Seller is successful in its contest and defense.