Preliminary Principal Loss Amount means, for a Payment Date, an amount equal to the Principal Loss Amount computed without giving effect to clause (d) of the definition of Principal Loss Amount.
Preliminary Principal Loss Amount. The amount which is equal to the Principal Loss Amount computed without giving effect to clause (d) of the definition of Principal Loss Amount. Preliminary Tranche Write-down Amount: The amount which is equal to the Tranche Write-down Amount computed using the Preliminary Principal Loss Amount instead of the Principal Loss Amount.
Preliminary Principal Loss Amount means an amount equal to the Principal Loss Amount computed without giving effect to clause (d) of the definition of “Principal Loss Amount.” The Preliminary Principal Loss Amount for each Payment Date will be computed prior to the allocation of the Modification Loss Amount and the Modification Gain Amount pursuant to the Modification Loss Priority and Modification Gain Priority, respectively, for such Payment Date.
Examples of Preliminary Principal Loss Amount 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.
More Definitions of Preliminary Principal Loss Amount
Preliminary Principal Loss Amount means, for a Payment Date and Loan Group, an amount equal to the Principal Loss Amount for such Loan Group computed without giving effect to clause (d) of the definition of Principal Loss Amount.
Preliminary Principal Loss Amount means, for a Payment Date and a Loan Group, an amount equal to the Principal Loss Amount for such Loan Group computed without giving effect to clause (d) of the definition of Principal Loss Amount.