Haircut Amount definition

Haircut Amount means, with respect to any Item of Eligible Collateral, the product of (x) the Market Value thereof multiplied by (y) the Haircut Percentage applicable thereto.

Haircut Amount means the excess of the outstanding principal balance of the Purchased Mortgage Loan being purchased on the Purchase Date over the Purchase Price for such Purchased Mortgage Loan.

Haircut Amount means, with respect to an Eligible Mortgage Loan proposed for a Transaction hereunder, the difference, if any, between (a) the amount required by the related warehouse lender to release its security interest therein less (b) the related Purchase Price.

Examples of Haircut Amount in a sentence

• Subject to Buyer’s verification of necessary cleared funds in the Haircut Account, Buyer shall remit to the Settlement Agent the full amount of the outstanding principal balance of such Purchased Mortgage Loan and shall withdraw and retain from the Haircut Account, the Haircut Amount.

• Calculate the Haircut Amount only.See paragraphs 47 & 48 and Annex 1 in the LCR Standard.LA.2Adjusted Level 2A HQLA.

• Seller and Guarantor shall cause the Disbursement Agent to establish and maintain the Wire-out Account as a segregated time or demand deposit account for the benefit of Guarantor and shall at all times (including after the withdrawal of the related Haircut Amount) maintain a balance in the Wire-out Account of not less than $0.00.

• Purchased Discount Obligation will be the outstanding principal amount of such Purchased Discount Obligation minus the Purchased Discount Obligation Haircut Amount; provided further that the Investment Criteria Adjusted Balance for any Collateral Obligation that satisfies more than one of the definitions of Deferring Security, Purchased Discount Obligation or Discount Obligation or is included in the CCC Excess will be the lowest amount determined pursuant to clauses (a), (b), (c) or (d) above.

• Calculate the Haircut Amount only.See paragraphs 47 & 48 and Annex 1 in the LCR Standard.LA.4Adjustment for Level 2B cap.

More Definitions of Haircut Amount

Haircut Amount has the meaning specified in the Custodial and Disbursement Agreement.

Haircut Amount means the excess of the amount the relevant Seller is required to deliver to the Settlement Agent with respect to the Purchased Mortgage Loan being purchased on the Purchase Date over the Purchase Price to be paid by Buyer to the relevant Seller for such Purchased Mortgage Loan.

Haircut Amount means, with respect to an Eligible Mortgage Loan proposed for a Transaction hereunder, the difference, if any, between (a) with respect to (i) a Wet-Ink Mortgage Loan, the amount required to be sent to the Closing Agent and

Haircut Amount means, with respect to an Eligible Mortgage Loan proposed for a Transaction hereunder, the difference, if any, between (a) with respect to (i) a Wet-Ink Mortgage Loan, the amount required to be sent to the Closing Agent and (ii) a Mortgage Loan other than a Wet-Ink Mortgage Loan, the amount required by the related warehouse lender to release its security interest therein less (b) the related Purchase Price. “Hash Value” shall mean, with respect to an eNote, the unique, tamper-evident digital signature of such eNote that is stored with MERS. “High Cost Mortgage Loan” shall mean a mortgage loan classified as (a) a “high cost” loan under the Home Ownership and Equity Protection Act of 1994; or (b) a “high cost,” “high risk,” “high rate,” “threshold,” “covered,” or “predatory” loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law, regulation or ordinance imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees). “Xxxxx Investors” shall mean each of the JLSSAA Trust, established September 4, 2014, JLSA, LLC, Trilogy Mortgage Holdings, Inc., Trilogy Management Investors Six, LLC, Trilogy Management Investors Seven, LLC and Trilogy Management Investors Eight, LLC and each of their respective affiliates. “HUD” shall mean the United States Department of Housing and Urban Development. “Income” shall mean, with respect to any Purchased Mortgage Loan, without duplication, all principal and interest or dividends or distributions or other amounts received with respect to such Purchased Mortgage Loan, including any insurance proceeds or interest payable thereon or any fees or payments of any kind, or other amounts received. “Indebtedness” shall mean: (a) all indebtedness for borrowed money or for the deferred purchase price of property or services and all obligations under leases which are or should be under GAAP, recorded as capital leases, in respect of which a person is directly or contingently liable as borrower, guarantor, endorser or otherwise, or in respect of which a person otherwise 14

Haircut Amount shall have the meaning set forth in Section 10(d) hereof.

Haircut Amount has the definition set forth in Exhibit D (Investment Guidelines).

Haircut Amount means, solely for purposes of calculating the Net Outstanding Portfolio Collateral Balance in connection with a determination of the AAA/Aaa Coverage Ratio, if a Moody’s Rating, Standard & Poor’s Rating or Fitch Rating (provided that, for the avoidance of doubt, such haircuts referencing Fitch are not the requirements of Fitch) set forth in the table below is applicable to a Collateral Debt Security, then the Principal Balance of such Collateral Debt Security (without giving effect to any other discount to par by operation of the definition of “Principal Balance”) shall be discounted by multiplying the outstanding principal amount of such Collateral Debt Security by the “Discount Percentage” opposite the lower of the Moody’s Rating, Standard & Poor’s Rating and Fitch Rating applicable to such Collateral Debt Security as set forth in the table below: Moody’s Rating Discount PercentageStandard & Poor’s Rating or Fitch Rating Discount PercentageBa1, Ba2, Ba3 90% BB+, BB, BB- 90% B1, B2, B3 80% B+, B, B- 70%Below B3 50% Below B- 50%