Principal Loss Amount definition

Principal Loss Amount. With respect to each Payment Date, the sum of: (a) the aggregate amount of Credit Event Net Losses for all Credit Event Reference Obligations for the related Reporting Period; (b) the aggregate amount of court-approved principal reductions (“cramdowns”) on the Reference Obligations in the related Reporting Period; (c) subsequent losses on any Reference Obligation that became a Credit Event Reference Obligation on a prior Payment Date; and (d) amounts included in the second, fourth, seventh, eighth and tenth priorities set forth in Section 3.03(f) hereof.
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Principal Loss Amount means, with respect to any Payment Date, the sum of:
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Principal Loss Amount shall have the meaning given to such term in the Reference Financial Guarantee.
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Examples of Principal Loss Amount in a sentence

  • With respect to each Payment Date, a percentage equal to (i) the Principal Loss Amount for such Payment Date and all prior Payment Dates less the Principal Recovery Amount for such Payment Date and all prior Payment Dates; divided by (ii) the aggregate unpaid principal balance of the Reference Obligations in the Reference Pool as of the Cut-off 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.

  • 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.


More Definitions of Principal Loss Amount

Principal Loss Amount. The Class A-1 Principal Loss Amount, Class A-2 Principal Loss Amount, Class A-3 Principal Loss Amount or Class M Principal Loss Amount, as applicable.
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Principal Loss Amount means, with respect to any Payment Date and each Reference Pool, the sum of:
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Principal Loss Amount means, with respect to any Payment Date and each Reference Pool, the sum of:
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Related to Principal Loss Amount

  • 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.