CALCULATION OF LOSS FOR UNRELATED 2ND LIEN Sample Clauses

CALCULATION OF LOSS FOR UNRELATED 2ND LIEN. CHARGE-OFF 1 Shared-Loss Month: 20090531 2 Loan # 58776 3 Interest paid-to-date 20081201 4 Charge-Off Date 20090531 5 Note Interest rate 0.03500 6 Occupancy Owner If owner occupied: 7 Household current annual income 0 8 Valuation Date 20090402 9 Valuation Amount 230000 Valuation Type (Interior/exterior appraisal, 10 BPO, AVM, etc) BPO 11 Balance of superior liens 210000 Charge-Off Loss calculation 12 Loan Principal balance 55000 13 Charge-off amount (principal only) 55000 Plus: 14 Accrued interest, limited to 90 days 481 15 Attorney's fees 0 Foreclosure costs, including title search, 16 filing fees, advertising, etc. 250 Property protection costs, maint., repairs and any costs or expenses relating to 17 environmental conditions 0 18 Tax and insurance advances 0 Other Advances 19 Appraisal/Broker’s Price Opinion fees 75 20 Inspections 0 21 Other 0 Gross bal ance recoverable by Purchaser 55806 22 Foreclosure sale proceeds 0 23 Hazard Insurance proceeds 0 24 Mortgage Insurance proceeds 0 25 Tax overage 0 26 Short sale payoff 1500 27 Other credits, if any (itemize) 0 Total Cash Recovery 1500 28 Loss Amount 54306 1 Costs with respect to environmental remediation activities are limited to $200,000 unless prior consent of the FDIC Line item definitions located in SF Data Submission Handbook Exhibit 2d(2) Shared-Loss Month: [input month] Loan no.: [input loan no.)
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CALCULATION OF LOSS FOR UNRELATED 2ND LIEN. CHARGE-OFF 1 Shared-Loss Month: 20090531 3 Interest paid-to-date 20081201 4 Charge-Off Date 20090531 5 Note Interest rate 0.03500 6 Occupancy Owner If owner occupied: 7 Household current annual income 0 8 Valuation Date 20090402 9 Valuation Amount 230000 10 Valuation Type (Interior/exterior appraisal, BPO, AVM, etc) BPO 11 Balance of superior liens 210000 Charge-Off Loss calculation 12 Loan Principal balance 55000 13 Charge-off amount (principal only) 55000 Plus:
Sample 1

Related to CALCULATION OF LOSS FOR UNRELATED 2ND LIEN

  • Delivery of Opinion of Counsel in Connection with Substitutions and Repurchases (a) Notwithstanding any contrary provision of this Agreement, with respect to any Mortgage Loan that is not in default or as to which default is not reasonably foreseeable, no repurchase or substitution pursuant to Sections 2.02 or 2.03 shall be made unless the Seller delivers to the Trustee an Opinion of Counsel, addressed to the Trustee, to the effect that such repurchase or substitution would not (i) result in the imposition of the tax on “prohibited transactions” of REMIC I, REMIC II, REMIC III, REMIC IV or REMIC V or contributions after the Closing Date, as defined in Sections 860F(a)(2) and 860G(d) of the Code, respectively, or (ii) cause any of REMIC I, REMIC II, REMIC III, REMIC IV or REMIC V to fail to qualify as a REMIC at any time that any Certificates are outstanding. Any Mortgage Loan as to which repurchase or substitution was delayed pursuant to this paragraph shall be repurchased or the substitution therefor shall occur (subject to compliance with Sections 2.02 or 2.03) upon the earlier of (a) the occurrence of a default or a default becoming reasonably foreseeable with respect to such Mortgage Loan and (b) receipt by the Trustee of an Opinion of Counsel addressed to the Trustee to the effect that such repurchase or substitution, as applicable, will not result in the events described in clause (i) or clause (ii) of the preceding sentence.

  • Limitation on Required Maintenance of D&O Insurance Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain D&O Insurance at all, or of any type, terms, or amount, if the Company determines in good faith that: such insurance is not reasonably available; the premium costs for such insurance are disproportionate to the amount of coverage provided; the coverage provided by such insurance is limited so as to provide an insufficient or unreasonable benefit; the Indemnitee is covered by similar insurance maintained by a subsidiary of the Company; the Company is to be acquired and a tail policy of reasonable terms and duration can be purchased for pre-closing acts or omissions by the Indemnitee; or the Company is to be acquired and D&O Insurance can be maintained by the acquirer that covers pre-closing acts and omissions by the Indemnitee.

  • Financial Officer’s Certificate Regarding Collateral Concurrently with any delivery of financial statements under Section 5.01(a), a certificate of a Financial Officer setting forth the information required pursuant to the Perfection Certificate Supplement or confirming that there has been no change in such information since the date of the Perfection Certificate or latest Perfection Certificate Supplement;

  • Delivery of Opinion of Counsel in Connection with Substitutions (a) Notwithstanding any contrary provision of this Agreement, no substitution pursuant to Section 2.02 or 2.03 shall be made more than 90 days after the Closing Date unless the Seller delivers to the Trustee an Opinion of Counsel, which Opinion of Counsel shall not be at the expense of either the Trustee or the Trust Fund, addressed to the Trustee, to the effect that such substitution will not (i) result in the imposition of the tax on "prohibited transactions" on the Trust Fund or contributions after the Startup Date, as defined in sections 860F(a)(2) and 860G(d) of the Code, respectively or (ii) cause any REMIC created under this Agreement to fail to qualify as a REMIC at any time that any Certificates are outstanding.

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