{"component": "definition", "props": {"groups": [{"snippet": "The reduction described in Section 5.03(c).", "snippet_links": [], "samples": [{"hash": "dIiVdUMeqPe", "uri": "/contracts/dIiVdUMeqPe#writedown-amount", "label": "Pooling and Servicing Agreement", "score": 29.340862423, "published": true}, {"hash": "kklv2BO2sb9", "uri": "/contracts/kklv2BO2sb9#writedown-amount", "label": "Sale and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-2)", "score": 21.0, "published": true}, {"hash": "jM2bDF428wU", "uri": "/contracts/jM2bDF428wU#writedown-amount", "label": "Sale and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-1)", "score": 21.0, "published": true}], "size": 106, "hash": "125ff9fff013a55a772396a9a268dc11", "id": 1}, {"snippet": "With respect to each Distribution Date, the amount, if any, by which (i) the aggregate Certificate Principal Balance of all the Certificates, after all distributions have been made on the Certificates on such Distribution Date pursuant to Section 5(b) hereof, exceeds (ii) the Pool Scheduled Principal Balance of the Assets for the next Distribution Date.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "distribution-date", "type": "definition", "offset": [21, 38]}, {"key": "aggregate-certificate-principal-balance", "type": "definition", "offset": [77, 116]}, {"key": "the-certificates", "type": "definition", "offset": [124, 140]}, {"key": "pursuant-to-section", "type": "clause", "offset": [227, 246]}, {"key": "the-assets", "type": "clause", "offset": [313, 323]}], "samples": [{"hash": "lpj3HXJhljC", "uri": "/contracts/lpj3HXJhljC#writedown-amount", "label": "Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc)", "score": 18.0, "published": true}, {"hash": "lFJQJznqHke", "uri": "/contracts/lFJQJznqHke#writedown-amount", "label": "Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc)", "score": 18.0, "published": true}, {"hash": "kzAaH0E2hrQ", "uri": "/contracts/kzAaH0E2hrQ#writedown-amount", "label": "Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc)", "score": 18.0, "published": true}], "size": 52, "hash": "3f80615851ecfe1503b140796d96c80a", "id": 2}, {"snippet": "means, with respect to any day, the product of (i) the amount of any Writedown on such day, (ii) the Applicable Percentage and (iii) the Reference Price.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "the-product", "type": "clause", "offset": [32, 43]}, {"key": "applicable-percentage", "type": "definition", "offset": [101, 122]}, {"key": "reference-price", "type": "definition", "offset": [137, 152]}], "samples": [{"hash": "7WPfwJvscsr", "uri": "https://www.isda.org/a/JvKDE/ISDA-CDS-on-ABS-settlement-Dealerform.doc", "label": "www.isda.org", "score": 10.2936344969, "published": false}, {"hash": "6gkOv3vt70C", "uri": "https://www.ise.ie/debt_documents/ixion_9746.pdf", "label": "Secured Note", "score": 9.0, "published": false}, {"hash": "hg9I21Totme", "uri": "https://www.ise.ie/debt_documents/Static_30.12.05_2101.pdf", "label": "Variable Funding Note", "score": 9.0, "published": false}], "size": 13, "hash": "0efe2992c9b83cd7647fefff3f7c06c2", "id": 3}, {"snippet": "Not applicable.", "snippet_links": [{"key": "not-applicable", "type": "definition", "offset": [0, 14]}], "samples": [{"hash": "a09QZR02PNK", "uri": "/contracts/a09QZR02PNK#writedown-amount", "label": "Trust Agreement (Structured Asset Securities CORP Mortgage Pass-Through Certificates, Series 2004-13)", "score": 21.0, "published": true}, {"hash": "kjwxALD2XQC", "uri": "/contracts/kjwxALD2XQC#writedown-amount", "label": "Trust Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-10)", "score": 19.0, "published": true}, {"hash": "2t80NJElL8C", "uri": "/contracts/2t80NJElL8C#writedown-amount", "label": "Trust Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-7)", "score": 19.0, "published": true}], "size": 5, "hash": "1727ed989c7f4287136d81d78aeb960e", "id": 4}, {"snippet": "means, with respect to a Reference Obligation on any day, the product of (i) the amount of any Writedown with respect to such Reference Obligation on such day and (ii) the Applicable Percentage.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "reference-obligation", "type": "definition", "offset": [25, 45]}, {"key": "the-product", "type": "clause", "offset": [58, 69]}, {"key": "applicable-percentage", "type": "definition", "offset": [172, 193]}], "samples": [{"hash": "kiCiXpEtr1x", "uri": "https://www.ise.ie/debt_documents/ixser26_5755.pdf", "label": "Secured Note", "score": 9.0, "published": false}, {"hash": "crglmuQ63cr", "uri": "https://www.ise.ie/debt_documents/ix31_10002.pdf", "label": "Secured Note", "score": 9.0, "published": false}, {"hash": "bpcIQDoVpH5", "uri": "https://www.ise.ie/debt_documents/ix25_5766.pdf", "label": "Secured Note", "score": 9.0, "published": false}], "size": 4, "hash": "e8810c11d3d9e570202a8ff755deab56", "id": 5}, {"snippet": "means, with respect to a Reference Obligation on any day, the product of", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "reference-obligation", "type": "definition", "offset": [25, 45]}, {"key": "the-product", "type": "clause", "offset": [58, 69]}], "samples": [{"hash": "4DQbQWOoJ1X", "uri": "https://www.markit.com/news/ABX%20Standard%20Terms%201-19-06.pdf", "label": "www.markit.com", "score": 5.0, "published": false}, {"hash": "dcJDke31dP8", "uri": "https://www.markit.com/news/ABX%20Confirmation.pdf", "label": "www.markit.com", "score": 5.0, "published": false}, {"hash": "1XofbIvGhF7", "uri": "https://www.markit.com/Company/Files/DownloadFiles?CMSID=ac9060435ae74d73a1b53a2e260c9efa", "label": "www.markit.com", "score": 5.0, "published": false}], "size": 4, "hash": "a04ee4414270573e836cb7d07c365aef", "id": 6}, {"snippet": "means, for any Mortgage Investment or other Company investment, the amount by which, at the time that a Writedown is determined for the Investment, the amount actually paid or allocated to the purchase of the investment exceeds its fair market value.", "snippet_links": [{"key": "mortgage-investment", "type": "definition", "offset": [15, 34]}, {"key": "company-investment", "type": "clause", "offset": [44, 62]}, {"key": "at-the-time", "type": "clause", "offset": [85, 96]}, {"key": "for-the-investment", "type": "definition", "offset": [128, 146]}, {"key": "actually-paid", "type": "definition", "offset": [159, 172]}, {"key": "allocated-to", "type": "definition", "offset": [176, 188]}, {"key": "purchase-of-the", "type": "clause", "offset": [193, 208]}, {"key": "fair-market-value", "type": "clause", "offset": [232, 249]}], "samples": [{"hash": "9Et9cTa5fM3", "uri": "/contracts/9Et9cTa5fM3#writedown-amount", "label": "Limited Liability Company Operating Agreement (Yosemite Mortgage Fund Ii LLC)", "score": 18.0, "published": true}, {"hash": "3Yo5JXZq5Ac", "uri": "/contracts/3Yo5JXZq5Ac#writedown-amount", "label": "Limited Liability Company Operating Agreement (Yosemite Mortgage Fund Ii LLC)", "score": 18.0, "published": true}], "size": 3, "hash": "fd9b3c5077305db864625c9230025c87", "id": 7}, {"snippet": "means the amount by which, at the time that a Writedown is determined, the carrying amount of an asset exceeds its net realizable value.", "snippet_links": [{"key": "at-the-time", "type": "clause", "offset": [27, 38]}, {"key": "carrying-amount", "type": "definition", "offset": [75, 90]}, {"key": "net-realizable-value", "type": "definition", "offset": [115, 135]}], "samples": [{"hash": "ivuQpCs4wzF", "uri": "/contracts/ivuQpCs4wzF#writedown-amount", "label": "Operating Agreement (IMH Financial Corp)", "score": 21.0492813142, "published": true}, {"hash": "49LRhySwd9G", "uri": "/contracts/49LRhySwd9G#writedown-amount", "label": "Limited Liability Company Operating Agreement (IMH Secured Loan Fund, LLC)", "score": 21.0, "published": true}], "size": 2, "hash": "5f4f7bf70c69af03318e47e1867c929a", "id": 8}, {"snippet": "The reduction described in Section 4.03(c).", "snippet_links": [], "samples": [{"hash": "fy7qABU8TlS", "uri": "/contracts/fy7qABU8TlS#writedown-amount", "label": "Pooling and Servicing Agreement (Thornburg Mortgage Sec Tr 2001-1 MRT Ln Ps THR CRT Sr 2001-1)", "score": 18.0, "published": true}, {"hash": "4RMatCc5uYG", "uri": "/contracts/4RMatCc5uYG#writedown-amount", "label": "Pooling and Servicing Agreement (Greenwich Capital Acc Inc Mort Loan Pas THR Certs Ser 01 2)", "score": 18.0, "published": true}], "size": 2, "hash": "272b832fe10d033d048f489f3ca00ec6", "id": 9}, {"snippet": "means, with respect to any Reference Obligation Payment Date, the product of (a) the amount of any Writedown on such date, (b) the Applicable Percentage and (c) the Reference Price.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "reference-obligation-payment-date", "type": "definition", "offset": [27, 60]}, {"key": "the-product", "type": "clause", "offset": [62, 73]}, {"key": "applicable-percentage", "type": "definition", "offset": [131, 152]}, {"key": "reference-price", "type": "definition", "offset": [165, 180]}], "samples": [{"hash": "20pElUsKNo3", "uri": "https://www.ise.ie/debt_documents/Diogenes%2016%20March%2006_1461.pdf", "label": "Floating Rate Note", "score": 9.0, "published": false}], "size": 2, "hash": "1a8072f7d27436952b10471e84b08755", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIZd3JpdGVkb3duLWFtb3VudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"snippet": "The reduction described in Section 5.03(c).", "size": 201, "title": "Writedown Amount", "id": "writedown-amount", "examples": ["Any such Subordinated Certificate <strong>Writedown Amount</strong> shall effect, without duplication of any other provision in this Section 4.4 that provides for a reduction in the Class Certificate Balance of the Subordinated Certificates, a corresponding reduction in the Class Certificate Balance of the Subordinated Certificates, which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date.", "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.", "On such Payment Date, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac shall pay an amount equal to the outstanding Class Principal Balance, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date, of each Class of Original Notes (without regard to any exchanges of Exchangeable Notes for MAC Notes), plus accrued and unpaid interest.", "If any RCR Notes are held by Holders, any Tranche Write-down Amount that is allocable to the related Exchangeable Notes will be allocated to decrease the Class Principal Balance or Class Notional Amount, as applicable, of the RCR Notes.", "On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount.", "For the avoidance of doubt, no Tranche Write-down Amount will be applied twice on the same Payment Date.", "On such Payment Date, Freddie Mac shall pay an amount equal to the outstanding Class Principal Balance, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date, of each Class of Original Notes (without regard to any exchanges of Exchangeable Notes for MAC Notes), plus accrued and unpaid interest.", "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 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac, by deposit into an account designated by \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac, the applicable Return Amount on such Payment Date.", "Any such Subordinate Certificate <strong>Writedown Amount</strong> shall effect a corresponding reduction in the Current Principal Amount of (i) if prior to the Cross-Over Date, the Current Principal Amounts of the Subordinate Certificates, in the reverse order of their numerical Class designations and (ii) from and after the Cross-Over Date, the Senior Certificates which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date."], "related": [["step-down-amount", "Step-Down Amount", "Step-Down Amount"], ["subordinate-certificate-writedown-amount", "Subordinate Certificate Writedown Amount", "Subordinate Certificate <strong>Writedown Amount</strong>"], ["broken-amount", "Broken Amount", "Broken Amount"], ["write-down-amount", "Write-Down Amount", "Write-Down Amount"], ["mo-amount", "M&O Amount", "M&amp;O Amount"]], "related_snippets": [], "updated": "2025-07-06T21:56:50+00:00"}, "json": true, "cursor": ""}}