Loss Allocation Limitation definition
Loss Allocation Limitation. As defined in Section 4.4(g).
Loss Allocation Limitation. The meaning specified in Section 5.05(b) hereof.
Loss Allocation Limitation. The meaning specified in Section 6.02(c) hereof.
Examples of Loss Allocation Limitation in a sentence
As of any Distribution Date from the first anniversary of the Cut-off Date and prior to the fifth anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will equal $6,268,858 minus the aggregate amount of Fraud Losses that would have been allocated to the Subordinated Certificates in the absence of the Loss Allocation Limitation since the Cut-off Date.
The limitation described in clauses (i) and (ii) above is referred to herein as the "Loss Allocation Limitation".
More Definitions of Loss Allocation Limitation
Loss Allocation Limitation. The Group I Loss Allocation Limitation or Group II Loss Allocation Limitation, as applicable.
Loss Allocation Limitation. As defined in Section 3.24(c) of the Indenture.
Loss Allocation Limitation. As defined in Section 5.03(b).
Loss Allocation Limitation. The limitation on reduction of the Certificate Principal Balance of any Class of Group I-II Senior Certificates and Subordinate Certificates on any Distribution Date on account of any Realized Loss incurred on a Group I-II Mortgage Loan to the extent that the reduction would have the effect of reducing the aggregate Certificate Principal Balance of all of the Group I-II Senior Certificates and Subordinate Certificates as of that Distribution Date to an amount less than the aggregate principal balance of the Group I-II Mortgage Loans as of the following Distribution Date, less any Deficient Valuations occurring before the Bankruptcy Loss Coverage Amount has been reduced to zero.
Loss Allocation Limitation. The meaning specified in Section 5.05(b) hereof. LPMI Fee: The fee payable to the insurer for each Mortgage Loan subject to an LPMI Policy as set forth in such LPMI Policy.
Loss Allocation Limitation. With respect to the Group II Certificates, the limitation on reductions of the Class Certificate Balance of any Class on any Distribution Date on account of any Realized Loss to the extent that the reduction would have the effect of reducing the aggregate Class Certificate Balance of all of the certificates (other than the Interest Only Certificates and Class PO Certificates) as of that Distribution Date to an amount less than the Pool Balance for all of the Subgroups in Group II as of the following Distribution Date, less (i) any Deficient Valuations applicable to each such Subgroup in Group II occurring before the Bankruptcy Loss Coverage Amount has been reduced to zero and less (ii) the PO Percentage of the Scheduled Principal Balance of any Discount Loans.
Loss Allocation Limitation. As defined in the Series Supplement.