Shared-Loss Month definition

Shared-Loss Month means each calendar month between the Commencement Date and the last day of the month in which the tenth anniversary of the Commencement Date occurs, provided that, the first Shared-Loss Month shall begin on the Commencement Date and end on the last day of that month.
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Shared-Loss Month. [input month] Loan no.: [input loan no.)
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Shared-Loss Month means each calendar month commencing on the first day of each Module 1 – Whole Bank w/ Optional Shared Loss Agreements Version 3.01– SINGLE FAMILY SHARED-LOSS AGREEMENT April 29, 0000 XX-00 Xxxxx Xxxxxx Xxxxxxxxx Xxxx Xxxxxx, XX month following the Commencement Date and ending on the Termination Date, except that the first Shared-Loss Month shall begin on the Commencement Date and end on the last day of that month.
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Examples of Shared-Loss Month in a sentence

  • OFFICER SIGNATURE OFFICER NAME: TITLE Exhibit 2a Calculation of Foreclosure Loss Shared-Loss Month: [input month] Loan no.: [input loan no.) Interest paid-to date Foreclosure date Liquidation date Note Interest rate Foreclosure Loss calculation Loan Principal balance after last paid installment xx Accrued interest, limited to 90 days xx (1) Attorney's fees xx (2) Foreclosure costs, including title search, filing fees, advertising, etc.

  • Any gain or loss on Portfolio Sale shall be shared 80% to the Receiver and 20% to the Assuming Bank (or 95% to the Receiver and 5% to the Assuming Bank if applicable) in the next Monthly Certificate, provided that, if the sale occurs in the Final Shared-Loss Month, an additional Monthly Certificate shall be submitted by the Assuming Bank within one month of the Portfolio Sale.

  • Any gain or loss on Portfolio Sales shall be shared 80% to the Receiver and 20%to the Assuming Bank in the next Monthly Certificate, provided that, if the sale occurs in the Final Shared-Loss Month, an additional Monthly Certificate shall be submitted by the Assuming Bank within one month of the Portfolio Sale.

  • For each Shared-Loss Month, pursuant to the applicable Monthly Certificate, one of the payments described at (a) or (b) below shall be made, as appropriate, with respect to Shared-Loss Loans.

  • For each of the Shared-Loss Loans for which a Loss is claimed for a Shared-Loss Month, a schedule showing the calculation of the Loss Amount in the form and in accordance with the methodology set forth in Exhibits 2a(1)-(3), Exhibits 2b(1)-(3), Exhibits 2c(1)-(3) or Exhibit 2d(1) as applicable.

  • OFFICER NAME: TITLE Exhibit 2a Calculation of Foreclosure Loss Shared-Loss Month: [input month] Loan no.: [input loan no.) Interest paid-to date Foreclosure date Liquidation date Note Interest rate Foreclosure Loss calculation Loan Principal balance after last paid installment xx Accrued interest, limited to 90 days xx (1) Attorney's fees xx (2) Foreclosure costs, including title search, filing fees, advertising, etc.

  • Exhibit 2a(1) CALCULATION OF FORECLOSURE LOSS Foreclosure Occurred Prior to Loss Share Agreement 1 Shared-Loss Month May-09 2 Loan no: 364574 3 REO # 621 4 Foreclosure date 12/18/08 5 Liquidation date 4/12/09 6 Note Interest rate 8.100% 7 Most recent BPO 228,000 8 Most recent BPO date 1/21/09 Foreclosure Loss calculation 10 to sale, whichever is less 3,306 11 Costs incurred after Loss Share agreement in place: 12 Attorney's fees 0 Foreclosure costs, including title search, filing fees, 13 advertising, etc.

  • OFFICER NAME: TITLE Exhibit 2a Calculation of Foreclosure Loss Shared-Loss Month: [input month] Loan no.: [input loan no.) Interest paid-to date Foreclosure date Liquidation date Note Interest rate Foreclosure Loss calculation Loan Principal balance after last paid installment xx Accrued interest, limited to 90 days xx (1) Attorney’s fees xx (2) Foreclosure costs, including title search, filing fees, advertising, etc.


More Definitions of Shared-Loss Month

Shared-Loss Month means each calendar month commencing on the first day of each month following the Commencement Date and ending on the Termination Date, except that the Module 1 — Whole Bank w/ Optional Shared Loss Agreements Version 3.01 — Single Family Shared-Loss Agreement XXXXXX COMMUNITY BANK BROOKSVILLE, FLORIDA December 8, 2010 SF-30 first Shared-Loss Month shall begin on the Commencement Date and end on the last day of that month.
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Shared-Loss Month. Loan no.: [input month] [input loan no.) NOTE The calculation of recovery on a loan for which a Restructuring Loss has been paid will only apply if the loan is sold. EXAMPLE CALCULATION Restructuring Loss Information Loan principal balance before restructuring $ 200,000 A NPV, restructured loan 165,000 B Loss on restructured loan $ 35,000 A — B Times FDIC applicable loss share % (80% or 95%) 80 % Loss share payment to purchaser $ 28,000 C Calculation — Recovery amount due to Receiver Loan sales price $ 190,000 NPV of restructured loan at mod date 165,000 Gain — step 1 25,000 D PLUS Loan UPB after restructuring (1) 200,000 Loan UPB at liquidation date 192,000 Gain — step 2 (principal collections after restructuring) 8,000 E Recovery amount 33,000 D + E Times FDIC loss share % 80 % Recovery due to FDIC $ 26,400 F Net loss share paid to purchaser (C — F) $ 1,600 Proof Calculation (2) Loan principal balance $ 200,000 G Principal collections on loan 8,000 Sales price for loan 190,000 Total collections on loan 198,000 H Net loss on loan $ 2,000 G — H Times FDIC applicable loss share % (80% or 95%) 80 % Loss share payment to purchaser $ 1,600
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Shared-Loss Month means each calendar month commencing on the first day of each THE BANK OF ASHEVILLE ASHEVILLE, NORTH CAROLINA 29 month following the Commencement Date and ending on the Termination Date, except that the first Shared-Loss Month shall begin on the Commencement Date and end on the last day of that month.
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Shared-Loss Month. [input month] Loan no.: [input loan no.) Interest paid-to date Short Payoff Date Note Interest rate Short-Sale Loss calculation Loan Principal balance xx Accrued interest, limited to 90 days xx (1) Attorney's fees xx (2) Tax and insurance advances xx 3rd party fees due xx Gross balance recoverable by Assuming Bank XX XX (A) Amount accepted in Short-Sale XX XX (B) Loss Amount XX (A) - (B) Times 80% (Receiver Loss Share percentage) x 80% Amount due Assuming Bank for Receiver Loss Share Amount XX
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Related to Shared-Loss Month

  • Shared-Loss Quarter has the meaning provided in Section 2.1(a)(i) of this Commercial Shared-Loss Agreement.

  • Final Shared-Loss Month means the calendar month in which the tenth anniversary of the Commencement Date occurs.

  • Final Shared-Loss Recovery Month means the calendar month in which the tenth anniversary of the Commencement Date occurs.

  • Shared-Loss Amount has the meaning provided in Section 2.1(b)(i) of this Commercial Shared-Loss Agreement.

  • Shared Loss Loan means a Single Family Shared-Loss Loan, Investor-Owned Residential Loan, Restructured Loan or Home Equity Loan, and any Commitment with respect to those loans.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Shared Loss Payment Trigger means when the sum of the Cumulative Loss Amount under this Single Family Shared-Loss Agreement and the Shared-Loss Amount under the Commercial and Other Assets Shared-Loss Agreement, exceeds the First Loss Tranche. If the First Loss Tranche is zero or a negative number, the Shared Loss Payment Trigger shall be deemed to have been reached upon Bank Closing.

  • Covered Loss or “Covered Losses” means an accidental death, dismemberment, or other Injury covered under the Policy.

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Shared-Loss Assets means Shared-Loss Loans, Other Real Estate purchased by the Assuming Institution, Additional ORE, Shared-Loss Subsidiaries, and Capitalized Expenditures, but does not include Shared-Loss Securities.

  • Cumulative Shared-Loss Amount means the excess, if any, of the Cumulative Loss Amount over the First Loss Tranche.

  • Applied Loss Amount With respect to any Distribution Date, the amount, if any, by which (x) the aggregate Certificate Principal Amount of the Certificates after giving effect to all Realized Losses incurred with respect to the Mortgage Loans during the related Collection Period and distributions of principal on such Distribution Date, but before giving effect to any application of the Applied Loss Amount with respect to such date, exceeds (y) the Pool Balance for such Distribution Date.

  • New Shared-Loss Loans means loans that would otherwise be subject to loss sharing under this Commercial Shared-Loss Agreement that were originated after the Bid Valuation Date and before Bank Closing.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Covered Losses means any and all losses, assessments, fines, penalties, administrative orders, obligations, judgments, amounts paid in settlement, costs, expenses, liabilities and damages (whether actual, consequential or punitive), including interest, penalties, reasonable court costs and attorney’s fees, disbursements and costs of investigations, deficiencies, levies, duties and imposts.

  • Commercial Shared-Loss Agreement means the Commercial Shared-Loss Agreement attached to the Purchase and Assumption Agreement as Exhibit 4.15B.

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Cumulative Shared-Loss Payments means (i) the aggregate of all of the payments made or payable to the Assuming Institution under the Shared-Loss Agreements minus

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Post-Deconsolidation Period means any taxable period beginning after the date of a Deconsolidation Event.

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Contractor under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.