Writedown definition

Writedown means the occurrence at any time on or after the Effective Date of:

Writedown means, with respect to a Reference Obligation, the occurrence at any time on or after the Effective Date of:

Writedown means the amount by which the Purchase Price is reduced below the Fair Reuse Value based on public purpose considerations.

Examples of Writedown in a sentence

• On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, the Preliminary Tranche Write-down Amount, the Preliminary Tranche Write-up Amount, and the Preliminary Class Notional Amount will be computed prior to allocating the Modification Loss Amount, as set forth below.

• Subject to Sections 4 and 6, on each Payment Date on which a Tranche Write-down Amount shall be allocated to any Class of Reference Tranche corresponding to a Class of Notes and which reduces the Class Principal Balance of such Corresponding Class of Notes, the Trust shall pay to Freddie Mac, by deposit into an account designated by Freddie Mac, the applicable Return Amount on such Payment Date.

• For the avoidance of doubt, it is understood that, a Viability Event may occur irrespective of whether or not a Trigger Event has occurred or whether any of the conditions to the issuance of a Trigger Event Write-down Notice have been met.

• If on the Maturity Date or any Payment Date a Class of MAC Notes is outstanding, all Tranche Write-down Amounts that are allocable to Class M Notes that were exchanged for such MAC Notes will be allocated to reduce the Class Principal Balances or Notional Principal Amounts, as applicable, of such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

• On the Maturity Date, Xxxxxxx Mac shall pay 100% of the outstanding Class Principal Balance as of such date to the Holders of each Class of Original Notes (without regard to any exchanges of Exchangeable Notes for MAC Notes), after taking into account any allocations of any Tranche Write-down Amounts and Tranche Write-up Amounts applicable to such Classes for such Payment Date.

More Definitions of Writedown

Writedown means, in relation to a Reference Obligation, the occurrence at any time on or after the Effective Date of:

Writedown. , which means the occurrence at any time on or after the Effective Date of: (i) (A) a writedown or applied loss (however described in the Underlying Instruments) resulting in a reduction in the Outstanding Principal Amount (other than as a result of a scheduled or unscheduled payment of principal); or (B) the attribution of a principal deficiency or realized loss (howsoever described in the Underlying Instruments) to the Reference Obligation resulting in a reduction of the current interest payable on the Reference Obligation; (ii) the forgiveness of any amount of principal by the holders of the Reference Obligation pursuant to an amendment to the Underlying Instruments resulting in a reduction in the Outstanding Principal Amount; or (iii) if the Underlying Instruments do not provide for writedowns, applied losses, principal deficiencies or realized losses as described in (i) above to occur in respect of the Reference Obligation, an Implied Writedown Amount being determined in respect of the Reference Obligation by the Calculation Agent;

Writedown means a determination by the Manager for a particular Company asset that under generally accepted accounting principles the asset on the Company’s books is impaired and the carrying value of the asset exceeds the net realizable value of the asset at the time the determination is made.

Writedown means the occurrence at any time in respect of any Reference Obligation on or after the Effective Date of:

Writedown has the meaning ascribed thereto in Section 6.1(a). 2.

Writedown means a determination by the Manager for a particular Mortgage Investment or other Company investment (which determination has been verified by the Company's accountants as being in conformity with generally accepted accounting principles) that the fair market value of the investment at the time the determination is made is less than the amount actually paid or allocated to the purchase of the investment, which determination shall be made by the Company and its accountants within thirty (30) days of the end of each Fiscal Year and any Writedown shall be effective on the last day of the preceding Fiscal Year during the term of this Agreement.

Writedown means, the occurrence at any time after the Trade Date of (a) a writedown or applied loss (howsoever described in the underlying instruments of the Reference Obligation) resulting in a reduction in the Outstanding Principal Amount of the Reference Obligation (other than as a result of a scheduled or unscheduled payment of principal) or(b) the forgiveness of any amount of principal by the holders of the Reference Obligation pursuant to an amendment to the underlying instruments of the Reference Obligation resulting in a reduction in the Outstanding Principal Amount. For the avoidance of doubt, any applied loss shall not represent the application of an appraisal reduction or other similar reduction in principal balance as a result of an event that has occurred withrespect to an underlying mortgage loan and it is intended to reflect realized losses with respect to such underlying mortgage loan.