Loan Loss definition

Loan Loss means, for each calendar month (or partial calendar month), the product of the Gross Amount for that calendar month (or partial calendar month) multiplied by the Loan Loss Ratio for that calendar month (or partial calendar month).

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Loan Loss has the meaning assigned to such term in Section 6.01.

Loan Loss means, in respect of a Defaulted Loan Receivable, following the termination of the workout (such workout performed in accordance with the procedures set out in the Servicing Agreement) upon determination by the Servicer that all amounts expected to be recovered by it from the Borrower have been received, an amount equal to the outstanding principal amount of such Loan Receivable on the Purchase Date thereof less the sum of all Principal Collections allocated to such Defaulted Loan Receivable.

Examples of Loan Loss in a sentence

Exhibit D-3 (Form of Loan Loss Report) is hereby added to the SWSA.
When new Pools or Purchased Loans are pledged to the Collateral Agent, the related Funding Notice shall provide (A) the aggregate Outstanding Balance of the Contracts to be pledged to the Collateral Agent on the related Funding Date; (B) the Aggregate Outstanding Eligible Loan Balance; and (C) the Aggregate Outstanding Eligible Loan Net Balance; each as of the applicable Cut-off Date and as reported in the Loan Servicing System or as a product of the Loan Loss Reserve analysis.
Thereafter, on the date of each Incremental Funding in the Revolving Period, the consideration for the Loans and other Conveyed Property conveyed on the date of such Incremental Funding will equal the Outstanding Balance of the Loans conveyed less the Loan Loss Reserve in each case as in effect as of the date of such Incremental Funding.
For purposes of this Section 3.8, Program Income that is returned and made available to the Recipient due to CMF Award funds becoming unrestricted from Loan Loss Reserves or Loan Guarantees shall be deemed to be Program Income earned in the form of principal and equity repayments of the CMF Award.
With respect to the Consolidated Bank Subsidiaries, maintain as at the end of each Fiscal Quarter a ratio of Loan Loss Reserves to Non-Performing Loans of not less than 100%.
Funds set aside and reserved for a Loan Loss Reserve or a Loan Guarantee, provided that the loans supported by the reserve or guarantee finance other Eligible Project Costs.
On any date of determination the Aggregate Outstanding Eligible Loan Balance less the related Loan Loss Reserves at the end of the most recent Collection Period.
The Seller shall provide, or cause to be provided, to the Buyer on a monthly basis, or at more frequent intervals as requested by the Buyer, a report of all cash and other collections activity with respect to each Purchased Loan and the amount of the Loan Loss Reserves maintained by the Seller.
Upon the written request of the Buyer, the Seller shall provide, or cause to be provided, to the Buyer, a report of all cash and other collections activity with respect to each Purchased Loan and the amount of the Loan Loss Reserves maintained by the Seller.
The Loan Loss Allowance has been established in accordance with GAAP, and applicable regulatory requirements and guidelines.

More Definitions of Loan Loss

Loan Loss. Provision Charge Ratio means the ratio of the annualized loan loss provision charge as at the latest Income Statement of the Borrower divided by the average Gross Loan Portfolio

Loan Loss. With respect to a Mortgage Loan that has been Foreclosed (the --------- date of such occurrence being the "Foreclosure Date") and with respect to which the Mortgaged Property no longer remains in the applicable Trust Fund, the aggregate outstanding principal balance of such Mortgage Loan, determined by the Administrator as of the Liquidation Date for such Mortgage Loan, following the application of all amounts transferred to the Certificate Account with respect to Insurance Proceeds, Net Liquidation Proceeds, Released Mortgaged Property Proceeds and other payments with respect to such Mortgage Loan through the Liquidation Date.

Loan Loss means indemnification payments made to and repurchases from ▇▇▇▇▇▇ Mae, ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD and private investors. For the avoidance of doubt, “Loan Loss” shall not include early payoff penalties or early payment defaults.

Loan Loss as set forth in Section 2.6.2 shall mean (i) a writedown of an existing loan or the establishment of a specific reserve for an existing loan required by either the CDFI or the FDIC, (ii) a writedown of an existing loan or the establishment of a specific reserve for an existing loan required by outside third party loan review, (iii) the net loss from the sale, which sale must be conducted in a reasonable manner and with 15 days prior notice to the GLOBAL Shareholder Committee, of an existing loan at a price less than book value, (iv) the net loss from the conversion of an existing loan, that is or becomes a nonperforming loan, to other real estate owned which requires a writedown of the value of the property below the carrying value of such loan, or (v) the net loss from the sale of other real estate owned which was a loan of CAPITOL as of the Effective Time. For the purposes of this definition the outside third party loan review shall be performed no more than once per year by such outside party reasonably acceptable to the parties.

Loan Loss shall have the meaning given to it in Exhibit A.