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.
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.
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).
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.
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.