Shared-Loss Month definition
Shared-Loss Month means each calendar month between the Commencement Date and the last day of the month in which the tenth anniversary of the Commencement Date occurs, provided that, the first Shared-Loss Month shall begin on the Commencement Date and end on the last day of that month.
Shared-Loss Month. [input month] Loan no.: [input loan no.)
Shared-Loss Month means each calendar month commencing on the first day of each month following the Commencement Date and ending on the Termination Date, except that the first Shared-Loss Month shall begin on the Commencement Date and end on the last day of that month. Module 1 — Whole Bank w/ Optional Shared Loss Agreements Coastal Bank Version 3.01 — Single family Shared-Loss Agreement Cocoa Beach, FL December 8, 2010
Examples of Shared-Loss Month in a sentence
A “Related Loan” means any loan or extension of credit held by the Assuming Bank at any time on or prior to the end of the Final Shared-Loss Month that is made to an Obligor of a Single Family Shared-Loss Loan.
A “Related Loan” means any loan or extension of credit to an Obligor of a Shared-Loss Loan held by the Assuming Institution at any time on or prior to the end of the Final Shared-Loss Month.
More Definitions of Shared-Loss Month
Shared-Loss Month means each calendar month commencing on the first day of each Module 1 – Whole Bank w/ Optional Shared Loss Agreements Version 3.01– SINGLE FAMILY SHARED-LOSS AGREEMENT December 8, 2010 ▇▇-▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ month following the Commencement Date and ending on the Termination Date, except that the first Shared-Loss Month shall begin on the Commencement Date and end on the last day of that month.
Shared-Loss Month. Loan no.: [input month] [input loan no.) EXAMPLE CALCULATION Recovery due to FDIC $ 26,400 F Net loss share paid to purchaser (C — F) $ 1,600 Loss share payment to purchaser $ 1,600