Common use of Determination of Realized Losses Clause in Contracts

Determination of Realized Losses. Prior to each Determination Date, the Servicer shall determine as to each Mortgage Loan and REO Property, the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Collection Period. Prior to each Determination Date, the Servicer shall also determine as to each Mortgage Loan: (i) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Collection Period; and (ii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Collection Period. Such information shall be evidenced by an Officer's Certificate delivered to the Trust, the Indenture Trustee and the Insurer by the Servicer prior to the Determination Date immediately following the end of the Collection Period during which any such Realized Loss was incurred.

Determination of Realized Losses. (a) Prior to each Determination Date, the Servicer shall determine as to each Mortgage Loan and REO Property, the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Collection Period. Prior to each Determination Date, the Servicer shall also determine as to each Mortgage Loan: (i) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Collection Period; and (ii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Collection Period. Such information shall be evidenced by an Officer's Officers' Certificate delivered to the Trust, the Indenture Trustee and the Certificate Insurer by the Servicer prior to the Determination Date immediately following the end of the Collection Period during which any such Realized Loss was incurred.

Determination of Realized Losses. Prior to each Determination Date, the Servicer shall determine as to each Mortgage Loan and REO Property, the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Collection Period. Prior to each Determination Date, the Servicer shall also determine as to each Mortgage Loan: (i) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Collection Period; and (ii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Collection Period. Such information shall be evidenced by an Officer's Certificate delivered to the TrustIssuer, the Indenture Trustee and the Insurer by the Servicer prior to the Determination Date immediately following the end of the Collection Period during which any such Realized Loss was incurred.

Determination of Realized Losses. Prior to each Determination Date, the Servicer shall determine as to each Mortgage Loan and REO Property, the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Collection Period. Prior to each Determination Date, the Servicer shall also determine as to each Mortgage Loan: (i) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Collection Period; and (ii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Collection Period. Such information shall be evidenced by an Officer's Officers' Certificate delivered to the Trust, the Indenture Trustee and the Certificate Insurer by the Servicer prior to the Determination Date immediately following the end of the Collection Period during which any such Realized Loss was incurred.

Determination of Realized Losses. Prior to each Determination Date, the Servicer shall determine as to each Mortgage Loan and REO Property, the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Collection Period. Prior to each Determination Date, the Servicer shall also determine as to each Mortgage Loan: (i) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Collection Period; and (ii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Collection Period. Such information shall be evidenced by an Officer's Certificate delivered to the Trust, the Indenture Trustee Trust Administrator and the Certificate Insurer by the Servicer prior to the Determination Date immediately following the end of the Collection Period during which any such Realized Loss was incurred.