Loan Loss Coverage definition
Loan Loss Coverage means, from and after the date of calculation through the final maturity date of the Bonds, in addition to amounts held in Funds and Accounts under the Indenture that are included in calculating Parity, an amount of Investment Securities and/or Mortgage Certificates and/or Mortgage Loans that do not underlie Mortgage Certificates, held in Funds and Accounts under the Indenture (except the Rebate Fund and the Bond Purchase Account), such that
Loan Loss Coverage means the coverage, if any, of loss from Mortgage Loan defaults provided in an Authorizing Indenture which supplements any primary mortgage insurance.