Short-Sale Loss definition

Short-Sale Loss means the loss resulting from the Assuming Institution’s agreement with the mortgagor to accept a payoff in an amount less than the balance due on the loan (including the costs of any cash incentives to borrower to agree to such sale or to maintain the property pending such sale), further provided, that each Short-Sale Loss shall be calculated in accordance with the form and methodology specified in Exhibits 2b(1)-(3).
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Short-Sale Loss means any loss (calculated in the form and in accordance with the methodology specified in Exhibit G) resulting from any Citigroup Ring-Fence Entity’s agreement with a mortgagor to accept a payoff in an amount less than the balance due on any Covered Loan that is a Residential Covered Asset.
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Short-Sale Loss means the loss resulting from the Assuming Institution’s acceptance from a mortgagor of a payoff in an amount less than the balance due on a Loan (including the First National Bank of Central Florida Winter Park, FL costs of any cash incentives to the borrower to agree to such sale or to maintain the property pending such sale), provided that each Short-Sale Loss shall be calculated in the form and determined in accordance with the methodologies set forth in Exhibits 2b(1)-(3).
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Examples of Short-Sale Loss in a sentence

  • The Receiver shall be relieved of its obligations with respect to a Shared-Loss Loan upon payment to the Assuming Institution of amounts in respect of a Foreclosure Loss or a Short-Sale Loss on that Shared-Loss Loan.

  • The unpaid balance of the loan as of the last payment date is the starting point for this Short-Sale Loss calculation.

  • Exhibit 2a(3) 38 Calculation of Short-Sale Loss Written Down to Book Value..................................................................................................................

  • Short-Sale after Covered Loan Restructuring 1 Shared-Loss Month: 20090531 3 Interest paid-to-date 20080930 4 Short Payoff Date 20090402 5 Note Interest rate 0.07500 9 Valuation Date 20090121 10 Valuation Amount 230000 11 Valuation Type (INT, EXTP, AVM, BPO, DA, DB, FA, PAU and TV) EXT Short-Sale Loss calculation 15 NPV of projected cash flows at first loan mod 311000 16 Less: Post modification principal payments 1000 Plus: 19 Foreclosure costs, including title search, filing fees, advertising, etc.

  • Please provide the BEDS number of the LEAD APPLICANT of the consortium the LEA intends to join.

  • Were such data made available and the scholarly research community made aware of its availability, research would be initiated, even without EPA funding.

  • The Receiver shall be relieved of its obligations with respect to a Shared-Loss Asset upon payment to the Assuming Institution of amounts in respect of a Collateral Sale Loss or a Short-Sale Loss on that Shared- Loss Asset.


More Definitions of Short-Sale Loss

Short-Sale Loss means the loss resulting from the Assuming Institution’s acceptance from a mortgagor of a payoff in an amount less than the balance due on a Shared-Loss Loan (including the costs of any cash incentives to the obligor to agree to such sale or to maintain the property pending such sale), provided that each Short-Sale Loss shall be calculated in the manner, and determined in accordance with the methodologies, set forth in Exhibit 2b(1)-(3), and provided further that a Short-Sale Loss shall exist only if the result of the calculation pursuant to the relevant Exhibit is a positive number.
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Short-Sale Loss means the loss resulting from the Assuming Institution's acceptance from a mortgagor of a payoff in an amount less than the balance due on a Loan (including the costs of any cash incentives to the borrower to agree to such sale or to maintain the property Module 1 -- Whole Bank w/Optional Shared Loss Agreements Version 3.2 -- SINGLE FAMILY SHARED-LOSS AGREEMENT July 15, 2011 SF-29 Sun Security Bank Ellington, Missouri pending such sale), provided that each Short-Sale Loss shall be calculated in the form and determined in accordance with the methodologies set forth in Exhibits 2b(1)-(3).
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Related to Short-Sale Loss

  • Short Sale means the sale of securities that the seller does not own. A Short Sale is “against the box” to the extent that the seller contemporaneously owns or has the right to obtain securities identical to those sold short, at no added cost.

  • Short Sales means all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act (but shall not be deemed to include locating and/or borrowing shares of Common Stock).

  • Related Party Transaction means any transaction directly or indirectly involving any Related Party which is a transfer of resources, services or obligations between a company and a related party, regardless of whether a price is charged.

  • Issuer-Represented General Free Writing Prospectus means any Issuer-Represented Free Writing Prospectus that is intended for general distribution to prospective investors, as evidenced by its being specified in Schedule B hereto.

  • Derivative Transaction means any agreement, arrangement, interest or understanding entered into by, or on behalf or for the benefit of, any Proposing Shareholder or any of its affiliates or associates, whether of record or beneficial: (1) the value of which is derived in whole or in part from the value of any class or series of shares or other securities of the Company, (2) which otherwise provides any direct or indirect opportunity to gain or share in any gain derived from a change in the value of securities of the Company, (3) the effect or intent of which is to mitigate loss, manage risk or benefit of security value or price changes, or (4) which provides the right to vote or increase or decrease the voting power of, such Proposing Shareholder, or any of its affiliates or associates, with respect to any shares or other securities of the Company, which agreement, arrangement, interest or understanding may include, without limitation, any option, warrant, debt position, note, bond, convertible security, swap, stock appreciation right, short position, profit interest, hedge, right to dividends, voting agreement, performance-related fee or arrangement to borrow or lend shares (whether or not subject to payment, settlement, exercise or conversion in any such class or series), and any proportionate interest of such Proposing Shareholder in the securities of the Company held by any general or limited partnership, or any limited liability company, of which such Proposing Shareholder is, directly or indirectly, a general partner or managing member.

  • Portfolio Loss means the loss realized on either (i) a portfolio sale of Single Family Shared-Loss Loans in accordance with the terms of Article IV or (ii) the sale of a loan with the consent of the Receiver as provided in Section 2.7.

  • Permitted Free Writing Prospectus shall have the meaning ascribed to such term in Section 4(g).

  • Restructuring Loss means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and