Applied Realized Loss Amounts definition

Applied Realized Loss Amounts. As to any Distribution Date, an amount equal to the excess, if any, of (i) the aggregate of the Certificate Principal Balances of the Offered Certificates, after giving effect to all distributions on such Distribution Date over (ii) the Pool Balance as of the last day of the related Remittance Period.

Applied Realized Loss Amounts. As to any Distribution Date, an amount equal to the excess, if any, of (i) the aggregate of the Class Principal Balances of the Offered Certificates, after giving effect to all distributions on such Distribution Date over (ii) the Pool Balance as of the last day of the related Due Period.

Applied Realized Loss Amounts. As to any Payment Date, an amount equal to the excess, if any, of (i) the aggregate Class Note Balance of the Offered Notes, after giving effect to all payments on such Payment Date over (ii) the Pool Balance as of the last day of the related Due Period.

Examples of Applied Realized Loss Amounts in a sentence

• Any Applied Realized Loss Amounts will be allocated to the most junior Class of Subordinated Certificates then outstanding in reduction of the Class Certificate Balance thereof.

• Notwithstanding the foregoing, the Class Certificate Balance of each Class of Subordinated Certificates that has been previously reduced by Applied Realized Loss Amounts will be increased, in order of seniority, by the amount of the Subsequent Recoveries (but not in excess of the Applied Realized Loss Amount allocated to the applicable Class of Subordinated Certificates).

• Any Applied Realized Loss Amounts shall be allocated by the Trustee to the most junior Class of Subordinated Certificates then Outstanding in reduction of the Class Certificate Balance thereof.

• In the event that the Class Certificate Balance of any Class of Certificates is reduced because of Applied Realized Loss Amounts, the applicable Certificateholders will not be entitled to receive Basis Risk Carry Forward Amounts on the written down amounts on such Distribution Date or any future Distribution Dates (except to the extent such Class Certificate Balance is increased as a result of any Subsequent Recoveries), even if funds are otherwise available for distribution.

• Any Applied Realized Loss Amounts will be allocated to the most junior Class of Subordinate Certificates then outstanding in reduction of the Class Certificate Balance thereof.

More Definitions of Applied Realized Loss Amounts

Applied Realized Loss Amounts. As to any Distribution Date and Certificate Group, an amount equal to the excess, if any, of (i) the aggregate of the Class Principal Balances of the Offered Certificates in such Certificate Group, after giving effect to all distributions on such Distribution Date over (ii) the related Loan Group Balance as of the last day of the related Due Period.

Applied Realized Loss Amounts for the purpose of determining and paying any amounts of principal or interest owed by the Credit Enhancer under the Policy with respect to any Class of Principal Amount Notes means zero, and otherwise for a Loan Group on any Payment Date means the excess of o the aggregate Note Principal Balance of Principal Amount Notes related to the Loan Group (after any amount paid by the Note Insurer pursuant to the Policy for the Payment Date) over o the sum of the Adjusted Loan Group Balance of the related Loan Group, and the amount on deposit in the related Additional Loan Account.

Applied Realized Loss Amounts for the purpose of determining and paying any amounts of principal or interest owed by the Credit Enhancer under the Policy with respect to

Applied Realized Loss Amounts. As to each Group and any Distribution Date, an amount equal to the excess, if any, of (i) the aggregate of the Certificate Principal Balances of the Class A and Class B Component Certificates related to such Group, after giving effect to all distributions on such Distribution Date over (ii) the aggregate Loan Balance of the Home Equity Loans in such Group as of the last day of the related Due Period. If the Certificate Principal Balances of the Class B Component Certificates has been reduced to zero, there shall be no additional Applied Realized Loss Amounts.

Applied Realized Loss Amounts. As to any Distribution, an amount equal to the excess, if any, of (i) the aggregate of the Class Principal Balances of the Offered Certificates, after giving effect to all distributions on such Distribution Date over (ii) the Pool Balance as of the last day of the relate Due Period.

Applied Realized Loss Amounts. Pool I Applied Realized Loss Amounts or Pool II Applied Realized Loss Amounts, as applicable.

Applied Realized Loss Amounts. As to any Distribution Date and each Loan Group, an amount equal to the excess, if any, of (i) the aggregate of the Class Principal Balances of the Group I Certificates or Group II Certificates, as applicable, after giving effect to all distributions on such Distribution Date over (ii) the Group I Pool Balance or the Group II Pool Balance, as applicable, as of the last day of the related Due Period.