Examples of Realised Losses in a sentence
The Issuer will report the Mortgage Receivables in arrears and the Realised Losses in respect thereof in the Notes and Cash Report on an aggregate basis.
Investors should be aware that the Realised Losses reported may not reflect all losses that already have occurred or are expected to occur, because a Realised Loss is recorded, inter alia, only after the Servicer has determined that foreclosure of the Mortgage and other collateral securing the Mortgage Receivable has been completed which process may take a considerable amount of time and may not necessarily be in line with the policies of other originators in the Dutch market.
Any Realised Losses (as calculated by the Servicer and included in the Servicer Report) and Principal Addition Amounts (as calculated by the Cash Administrator) will be allocated to the Notes and recorded as a debit to the relevant Principal Deficiency Ledger.
Principal deficiency ledgers will be established on behalf of the Issuer by the Administrator in respect of the Class A Notes (Class A Principal Deficiency Ledger), and the Class B Notes (Class B Principal Deficiency Ledger, and together with the Class A Principal Deficiency Ledger, the Principal Deficiency Ledgers) in order to record any Realised Losses incurred on the SME Receivables.