Loan Losses means the Unpaid Balance of any Pool Loans that have been, or should have been, written-off as uncollectible by Servicer in accordance with the Credit and Collection Policy.
Loan Losses. The aggregate of the Liquidation Loan Losses for all Liquidated Mortgage Loans.
Loan Losses. The aggregate sum of the amount, if any, by which (i) the outstanding principal balance of each Loan that became a Liquidated Loan during the calendar month preceding the month of the related Distribution Date (such principal balance determined immediately before such Loan became a Liquidated Loan) exceeds (ii) the Liquidation Proceeds received during the calendar month preceding the month of the related Distribution Date in connection with the liquidation of such Loan which have not theretofore been used to reduce the Stated Principal Balance of such Loan.
Examples of Loan Losses in a sentence
Reserve for Possible Loan Losses for receivables of the Bank’s consolidated subsidiaries is provided at the amount determined as necessary using the past default ratio.
The effect of changing prepayment assumptions is reported in the Combined Statement of Changes in Fiduciary Net Position in the year of the change.Allowance for Loan Losses The allowance for loan losses is available to absorb future loan losses.
Allowance for Loan Losses The allowance for loan losses is available to absorb future loan losses.
Reserve for Possible Loan Losses for problem receivables of the Bank’s consolidated subsidiaries is provided by taking into account their recoverability and an estimate of uncollectible amount.
Includes the Provision for Loan Losses and a provision for lending-related commitments included in Other Expenses.
More Definitions of Loan Losses
Loan Losses means sales of loans for less than the loan amount or sales of REOs for less than the loan amount at the time of foreclosure plus expenses and other advances in maintaining and selling the REO.
Loan Losses. With respect to the Pledged Loans securing a Series, as of the Determination Date, the aggregate amount of losses on such Pledged Loans in connection with defaults, delinquencies, foreclosures and other losses not recovered under any applicable Insurance Policies occurring during the Due Period.
Loan Losses. As defined in the Asset Purchase Agreement. Material Adverse Effect: As defined in the Asset Purchase Agreement. Material Contract: As defined in the Asset Purchase Agreement. Maximum Claim Amount: With respect to each Mortgage Loan, the lesser of the appraised value of the related Mortgaged Property or the maximum loan limit established for a one family residence under Section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (as adjusted where applicable under Section 214 of the National Housing Act). MERS: The Mortgage Electronic Registration System. MERS Mortgage Loan: A Mortgage Loan registered with MERS that either designates MERS as original mortgagee or is assigned to MERS. Mortgage: The mortgage, deed of trust or other instrument securing a Mortgage Note which creates a first lien on an unsubordinated estate in fee simple in real property securing the Mortgage Note, except that with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties is a widely-accepted practice, the mortgage, deed of trust or other instrument securing the Mortgage Note may secure and create a first lien upon a leasehold estate of the Mortgagor. Mortgage File: With respect to each Mortgage Loan, the Collateral File and the Servicing File, including the Mortgage Loan Documents. Mortgage Interest Rate: The annual rate at which interest accrues on any Mortgage Loan in accordance with the provisions of the related Mortgage Note.
Loan Losses means all losses, damages, costs, expenses, Liabilities, Repurchase Price, obligations and claims of any kind, including (a) any identifiable Assignment Losses, DBI Losses, Title Losses or Curtailment Losses that are not yet realized; (b) expenses (including costs of investigation and defense of any claim, Action or proceeding and the reasonable fees and charges of attorneys, accountants and other experts and consultants); (c) fines, penalties, judgments, payments in settlement of a claim, Action or proceeding or made in compliance with any judicial order; (d) payments made and costs incurred under indemnification obligations to other Persons, other out-of-pocket costs and payments (including the expenses of enforcing indemnification rights asserted under this Agreement); and (e) all other Liabilities, Repurchase Price, deficiencies or diminution in value; provided that losses resulting from reduced reimbursements or payments by Xxxxxx Xxx (as defined in the MSR Purchase Agreement) or an Agency (as defined in the MSR Purchase Agreement) to a Party (including those arising from diminution in the interest allowance or value of any MSR Asset or any Mortgage Loan Asset) constitute direct, identifiable losses hereunder; provided further, that “Loan Losses” shall exclude punitive, consequential or exemplary damages except to the extent actually payable to a third party. “Losses” means all actual losses, damages, costs, expenses, Liabilities, obligations and claims of any kind, including (a) any identifiable Assignment Losses, DBI Losses, Title Losses or Curtailment Losses that are not yet realized; (b) out-of-pocket expenses (including costs of investigation and defense of any claim, Action or proceeding and the reasonable fees and charges of attorneys, accountants and other experts and consultants); (c) fines, penalties, judgments, payments in settlement of a claim, Action or proceeding or made in compliance with any judicial order; and (d) payments made and costs reasonably incurred under indemnification obligations to other Persons, other out-of-pocket costs and payments (including the expenses of enforcing indemnification rights asserted under this Agreement); provided that losses resulting from reduced reimbursements or payments by Xxxxxx Xxx (as defined in the MSR Purchase Agreement) or an Agency (as defined in the MSR Purchase Agreement) to a Party (including those arising from
Loan Losses shall exclude punitive, consequential or exemplary damages except to the extent actually payable to a third party. “Losses” means all actual losses, damages, costs, expenses, Liabilities, obligations and claims of any kind, including (a) any identifiable Assignment Losses, DBI Losses, Title Losses or Curtailment Losses that are not yet realized; (b) out-of-pocket expenses (including costs of investigation and defense of any claim, Action or proceeding and the reasonable fees and charges of attorneys, accountants and other experts and consultants); (c) fines, penalties, judgments, payments in settlement of a claim, Action or proceeding or made in compliance with any judicial order; and (d) payments made and costs reasonably incurred under indemnification obligations to other Persons, other out-of-pocket costs and payments (including the expenses of enforcing indemnification rights asserted under this Agreement); provided that losses resulting from reduced reimbursements or payments by Xxxxxx Xxx (as defined in the MSR Purchase Agreement) or an Agency (as defined in the MSR Purchase Agreement) to a Party (including those arising from
Loan Losses has the meaning assigned to it in Section 2(e)(3) hereof.
Loan Losses means: (a) with respect to the Fiscal Quarter ended on March 31, 2009, the provision for Loan Losses set forth in the Consolidated Statements of Income of the Initial Borrower included in the Initial Borrower’s quarterly report timely filed with SEC for such quarterly period; provided, however, that, solely for the purpose of this clause (a) and the calculation of Consolidated EBITDA , in no event shall the amount of such Loan Losses be more than $90,000,000; and (b) with respect to each Fiscal Quarter ended after March 31, 2009, the provision for Loan Losses set forth in the Consolidated Statements of Income in the Initial Borrower’s periodic reports timely filed with SEC for such period; provided, however, that, solely for the purpose of this clause (b) and the calculation of Consolidated EBITDA, in no event shall the amount of such Loan Losses be more than $50,000,000.