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. [input month] Loan No.: [input loan no.)

Examples of Shared-Loss Month in a sentence

• For each Shared-Loss Month, pursuant to the applicable Monthly Certificate, one of the payments described at (a) or (b) below shall be made, as appropriate, with respect to Shared-Loss Loans.

• The following dates have tentatively been reserved for calendar year 2017 Authority meetings.

• OFFICER SIGNATURE OFFICER NAME: TITLE Exhibit 2a Calculation of Foreclosure Loss Shared-Loss Month: [input month] Loan no.: [input loan no.) Interest paid-to date Foreclosure date Liquidation date Note Interest rate Foreclosure Loss calculation Loan Principal balance after last paid installment xx Accrued interest, limited to 90 days xx (1) Attorney's fees xx (2) Foreclosure costs, including title search, filing fees, advertising, etc.

• Any gain or loss on Portfolio Sale shall be shared 80% to the Receiver and 20% to the Assuming Bank (or 95% to the Receiver and 5% to the Assuming Bank if applicable) in the next Monthly Certificate, provided that, if the sale occurs in the Final Shared-Loss Month, an additional Monthly Certificate shall be submitted by the Assuming Bank within one month of the Portfolio Sale.

• For each of the Shared-Loss Loans for which a Loss is claimed for a Shared-Loss Month, a schedule showing the calculation of the Loss Amount in the form and in accordance with the methodology set forth in Exhibits 2a(1)-(3),Exhibits 2b(1)-(3), Exhibits 2c(1)-(3) or Exhibit 2d(1) as applicable.

More Definitions of Shared-Loss Month

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

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 Module 1 — Whole Bank w/ Loss Share — P&A Peninsula Bank Version 2.06 Englewood, Florida May 24, 2010 62 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.) NOTE The calculation of recovery on a loan for which a Restructuring Loss has been paid will only apply if the loan is sold. EXAMPLE CALCULATION Restructuring Loss Information Loan principal balance before restructuring $ 200,000 A NPV, restructured loan 165,000 B Loss on restructured loan $ 35,000 A — B Times FDIC applicable loss share % (80% or 95%) 80 % Loss share payment to purchaser $ 28,000 C Calculation — Recovery amount due to Receiver Loan sales price $ 190,000 NPV of restructured loan at mod date 165,000 Gain — step 1 25,000 D PLUS Loan UPB after restructuring (1) 200,000 Loan UPB at liquidation date 192,000 Gain — step 2 (principal collections after restructuring) 8,000 E Recovery amount 33,000 D + E Times FDIC loss share % 80 % Recovery due to FDIC $ 26,400 F Net loss share paid to purchaser (C — F) $ 1,600 Proof Calculation (2) Loan principal balance $ 200,000 G Principal collections on loan 8,000 Sales price for loan 190,000 Total collections on loan 198,000 H Net loss on loan $ 2,000 G — H Times FDIC applicable loss share % (80% or 95%) 80 % Loss share payment to purchaser $ 1,600

Shared-Loss Month means each calendar month commencing on the first day of each THE BANK OF ASHEVILLE ASHEVILLE, NORTH CAROLINA 29 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. [input month] Loan no.: [input loan no.) Interest paid-to date Short Payoff Date Note Interest rate Short-Sale Loss calculation Loan Principal balance xx Accrued interest, limited to 90 days xx (1) Attorney's fees xx (2) Tax and insurance advances xx 3rd party fees due xx Gross balance recoverable by Assuming Bank XX XX (A) Amount accepted in Short-Sale XX XX (B) Loss Amount XX (A) - (B) Times 80% (Receiver Loss Share percentage) x 80% Amount due Assuming Bank for Receiver Loss Share Amount XX

Shared-Loss Month. [input month] Loan no.: [input loan no. )

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 April 29, 0000 XX-00 Xxxxx Xxxxxx Xxxxxxxxx Xxxx Xxxxxx, XX 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.