NET LIQUIDATION definition

NET LIQUIDATION. PROCEEDS: Liquidation Proceeds net of (i) any reimbursements to the Servicer made therefrom pursuant to Section 5.04(b) and (ii) amounts required to be released to the related Mortgagor pursuant to applicable law.
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NET LIQUIDATION. PROCEEDS: Liquidation Proceeds net of any reimbursements to the Servicer made therefrom for any unreimbursed Servicing Advances made and any other fees and expenses paid in connection with the foreclosure, conservation and liquidation of the related Mortgage Loan or REO Property pursuant to SECTIONS 5.02 AND 5.07 hereof.
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NET LIQUIDATION. PROCEEDS: With respect to any Liquidated Mortgage Loan, Liquidation Proceeds net of Liquidation Expenses. NET MONTHLY EXCESS CASHFLOW: For any Payment Date, the amount of Available Funds and any Insured Payment remaining after distributions pursuant to clauses (i) through (iii) of Section 3.05 of the Indenture (minus any Insured Payment and any Subordination Reduction Amount).
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Examples of NET LIQUIDATION in a sentence

  • AFFILIATE'S ESTIMATE OF NET LIQUIDATION VALUE An affiliate of your general partner which is now an affiliate of ours, prepared an estimate of your partnership's net liquidation value per unit in connection with a tender offer to purchase units for $275 each which closed in September 1997.


More Definitions of NET LIQUIDATION

NET LIQUIDATION. PROCEEDS: As to any Liquidated Mortgage Loan, Liquidation Proceeds less Liquidation Expenses.
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NET LIQUIDATION. Proceeds With respect to any Liquidated Home Loan, Liquidation Proceeds (including Insurance Proceeds but excluding amounts drawn on the Credit Enhancement Instrument or paid in connection with the Limited Reimbursement Agreement) net of Liquidation Expenses. Note Balance With respect to any Payment Date and any Class of Notes, other than the Class AIO Notes, the Initial Note Balance thereof reduced by all payments of principal thereon prior to and as of such Payment Date. Note Owner The Beneficial Owner of a Note. Note Rate With respect to the Class A1 Notes, will be the lesser of (a) LIBOR plus 0.19% per annum and (b) 9.50% per annum. With respect to the Class A2 Notes, 4.33% per annum. With respect to the Class A3 Notes, 5.03% per annum. With respect to the Class A4 Notes, 5.54% per annum. With respect to the Class A5 Notes, 5.92% per annum. With respect to the Class A6 Notes, 6.46% per annum. With respect to the Class A7 Notes, 6.90% per annum; provided, that on the StepUp Date, the Note Rate on the Class A7 Notes shall increase by 0.50% per annum. With respect to the Class AIO Notes, 11.00% per annum for the February 2002 through January 2003 payment dates, 10.00% per annum for the February 2003 through January 2004 payment dates and 7.00% per annum for the February 2004 through July 2004 Payment Dates. Notional Amount With respect to the first 30 Payment Dates of the Class AIO Notes, $45,000,000; thereafter, zero.
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Related to NET LIQUIDATION

  • Cash Liquidation As to any defaulted Mortgage Loan other than a Mortgage Loan as to which an REO Acquisition occurred, a determination by the Master Servicer that it has received all Insurance Proceeds, Liquidation Proceeds and other payments or cash recoveries which the Master Servicer reasonably and in good faith expects to be finally recoverable with respect to such Mortgage Loan.

  • Net Liquidation Proceeds With respect to any Liquidated Mortgage Loan or any other disposition of related Mortgaged Property (including REO Property) the related Liquidation Proceeds net of Advances, Servicing Advances, Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.

  • Pro-rata Liquidation means an amount equal to the liquidation of the relevant Collateral Assets held in the Margin Account for a Series of ETP Securities, pro rata to the amount of ETP Securities being redeemed divided by the total number of ETP Securities for such Series, after the pro rata deduction of all costs and expenses incurred by the Issuer in connection with the liquidation of such Collateral Assets, the pro rata deduction of the Arranger Fee and any Funding and Brokerage Fees.

  • Net Liquidation Percentage means the percentage of the book value of Borrowers’ Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory net of all associated costs and expenses of such liquidation, such percentage to be as determined from time to time by an appraisal company selected by Agent.

  • Loss-to-Liquidation Ratio means the ratio (expressed as a percentage) computed as of the last day of each calendar month by dividing (i) the aggregate Outstanding Balance of all Receivables which became Defaulted Receivables during such month, by (ii) the aggregate amount of Collections received by the Collection Agent during such period.