Distribution Date Loss Percentage Sample Clauses

Distribution Date Loss Percentage. April 2009 through March 2010 1.30% for the first month, plus an additional 1/12th of 1.60% for each month thereafter April 2010 through March 2011 2.90% for the first month, plus an additional 1/12th of 1.65% for each month thereafter April 2011 through March 2012 4.55% for the first month, plus an additional 1/12th of 1.35% for each month thereafter April 2012 through March 2013 5.90% for the first month, plus an additional 1/12th of 0.70% for each month thereafter April 2013 and thereafter 6.60%
Sample 1Sample 2See All (15)
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Distribution Date Loss Percentage. February 2009 to January 2010 1.15% for the first month, plus an additional 1/12th of 1.40% for each month thereafter February 2010 to January 2011 2.55% for the first month, plus an additional 1/12th of 1.50% for each month thereafter February 2011 to January 2012 4.05% for the first month, plus an additional 1/12th of 1.15% for each month thereafter February 2012 to January 2013 5.20% for the first month, plus an additional 1/12th of 0.70% for each month thereafter February 2013 and thereafter 5.90% Current Interest: With respect to any Class of LIBOR Certificates and any Distribution Date, the aggregate amount of interest accrued at the applicable Certificate Interest Rate during the related Accrual Period on the Class Principal Amount of such Class immediately prior to such Distribution Date.
Sample 1
Distribution Date Loss Percentage. May 2008 through April 2009 2.25%, in the case of Group I and 2.75%, in the case of Group II May 2009 through April 2010 2.75%, in the case of Group I and 3.50%, in the case of Group II May 2010 through April 2011 3.25%, in the case of Group I and 4.25%, in the case of Group II May 2011 and each month thereafter 3.50%, in the case of Group I and 4.50%, in the case of Group II
Sample 1Sample 2
Distribution Date Loss Percentage. December 2007 through November 2008 1.25% for the first month, plus an additional 1/12th of 1.50% for each month thereafter December 2008 through November 2009 2.75% for the first month, plus an additional 1/12th of 1.60% for each month thereafter December 2009 through November 2010 4.35% for the first month, plus an additional 1/12th of 1.25% for each month thereafter December 2010 through November 2011 5.60% for the first month, plus an additional 1/12th of 0.70% for each month thereafter December 2011 and thereafter 6.30% Current Interest: With respect to any Class of LIBOR Certificates and any Distribution Date, the aggregate amount of interest accrued at the applicable Certificate Interest Rate, as applicable, during the related Accrual Period on the Class Principal Amount of such Class immediately prior to such Distribution Date.
Sample 1
Distribution Date Loss Percentage. September 2007 to August 2008 1.05% for the first month, plus an additional 1/12th of 1.30 % for each month thereafter September 2008 to August 2009 2.35% for the first month, plus an additional 1/12th of 1.30% for each month thereafter September 2009 to August 2010 3.65% for the first month, plus an additional 1/12th of 1.10% for each month thereafter September 2010 through August 2011 4.75% for the first month, plus an additional 1/12th of 0.50% for each month thereafter September 2011 and thereafter 5.25% Current Interest: With respect to any Class of LIBOR Certificates (other than the Class A5 Certificates) and any Component of the Class A5 Certificates and any Distribution Date, the aggregate amount of interest accrued at the applicable Certificate Interest Rate or Component Interest Rate, as applicable, during the related Accrual Period on the Class Principal Amount of such Class or Component Principal Amount of such Component immediately prior to such Distribution Date. Current Interest with respect to the Class A5 Certificates and any Distribution Date will equal the aggregate of Current Interest on the Components of such Class.
Sample 1
Distribution Date Loss Percentage. October 2005-September 2006 3.50% for the first month, plus an additional 1/12 of 1.75% for each month thereafter October 2006-September 2007 5.25% for the first month, plus an additional 1/12 of 1.50% for each month thereafter October 2007-September 2008 6.75% for the first month, plus an additional 1/12 of 1.00% for each month thereafter October 2008-September 2009 7.75% for the first month, plus an additional 1/12 of 0.25% for each month thereafter October 2009 and thereafter 8.00% SERVICING ADVANCES: All reasonable and customary "out-of-pocket" costs and expenses (including legal fees) incurred in the performance by the Servicer of its servicing obligations, including, but not limited to, the cost and expenses relating to (a) the preservation, restoration, inspection and protection of the Mortgaged Property, (b) any enforcement or judicial proceedings, including foreclosures, (c) the management and liquidation of the REO Property, including reasonable fees paid to any independent contractor in connection therewith, (d) compliance with the obligations under Section 5.22, all of which reasonable and customary out-of-pocket costs and expenses are reimbursable to the Servicer to the extent provided in Sections 5.03 and 5.22.
Sample 1
Distribution Date Loss Percentage. August 2007 to July 2008 1.05% for the first month, plus an additional 1/12th of 1.35% for each month thereafter August 2008 to July 2009 2.40% for the first month, plus an additional 1/12th of 1.40% for each month thereafter August 2009 to July 2010 3.80% for the first month, plus an additional 1/12th of 0.95% for each month thereafter August 2010 to July 2011 4.75% for the first month, plus an additional 1/12th of 0.25% for each month thereafter August 2011 and thereafter 5.00% Current Interest: With respect to any Class of Offered Certificates and the Class B2 Certificates and any Distribution Date, the aggregate amount of interest accrued at the applicable Certificate Interest Rate during the related Accrual Period on the Class Principal Amount of such Class immediately prior to such Distribution Date.
Sample 1
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Distribution Date Loss Percentage. June 2006 through May 2007 5.75% for the first month, plus an additional 1/12th of 2.75% for each month thereafter June 2007 through May 2008 8.50% for the first month, plus an additional 1/12th of 0.75% for each month thereafter June 2008 through May 2009 9.25% for the first month, plus an additional 1/12th of 0.25% for each month thereafter June 2009 through May 2010 9.50% for the first month, plus an additional 1/12th of 0.50% for each month thereafter June 2010 and thereafter 10.00% Current Interest: With respect to each Class of LIBOR Certificates (other than the Class P, Class R and Class X Certificates) and any Distribution Date, the aggregate amount of interest accrued at the applicable Certificate Interest Rate during the related Accrual Period on the Class Principal Amount of such Class immediately prior to such Distribution Date.
Sample 1

Related to Distribution Date Loss Percentage

  • Original Class A Percentage The Original Class A Percentage is 96.09547893%

  • Allocation of Applied Realized Loss Amounts Any Applied Realized Loss Amounts shall be allocated by the Trustee to the most junior Class of Subordinated Certificates then Outstanding in reduction of the Class Certificate Balance thereof.

  • Distribution Date 13 DTC...........................................................................................13

  • Payments from Available Funds Only All payments to be made by the Borrower under this Agreement shall be made only from the amounts that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payment under Section 4.02 of the Participation Agreements and payments under Section 2.14 of the Indentures, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class A Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.05(f) of the Intercreditor Agreement.

  • Total Realized Loss (or Amount of Any Gain The total derived from subtracting line 22 from 13. If the amount represents a realized gain, show the amount in parenthesis ( ). Prepared by: __________________ Date: _______________ Phone: ______________________ Email Address:_____________________ Servicer Loan No. Servicer Name Servicer Address XXXXX FARGO BANK, N.A. Loan No._____________________________ Borrower's Name: _________________________________________________________ Property Address: _________________________________________________________

  • Allocation of Realized Losses Prior to each Distribution Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Servicing Modification, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Prepayment Period or, in the case of a Servicing Modification that constitutes a reduction of the interest rate on a Mortgage Loan, the amount of the reduction in the interest portion of the Monthly Payment due during the related Due Period. The amount of each Realized Loss shall be evidenced by an Officers' Certificate. All Realized Losses, other than Excess Special Hazard Losses, Extraordinary Losses, Excess Bankruptcy Losses or Excess Fraud Losses, shall be allocated as follows: first, to the Class B-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; second, to the Class B-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class B-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; and, thereafter, if any such Realized Losses are on a Discount Mortgage Loan, to the Class A-P Certificates in an amount equal to the Discount Fraction of the principal portion thereof, and the remainder of such Realized Losses on the Discount Mortgage Loans and the entire amount of such Realized Losses on Non-Discount Mortgage Loans will be allocated among all the Senior Certificates (other than the Class A-V Certificates and Class A-P Certificates) in the case of the principal portion of such loss on a pro rata basis and among all of the Senior Certificates (other than the Class A-P Certificates) in the case of the interest portion of such loss on a pro rata basis, as described below. Any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses, Extraordinary Losses on Non-Discount Mortgage Loans will be allocated among the Senior Certificates (other than the Class A-P Certificates) and Subordinate Certificates, on a pro rata basis, as described below. The principal portion of such Realized Losses on the Discount Mortgage Loans will be allocated to the Class A-P Certificates in an amount equal to the Discount Fraction thereof and the remainder of such Realized Losses on the Discount Mortgage Loans and the entire amount of such Realized Losses on Non- Discount Mortgage Loans will be allocated among the Senior Certificates (other than the Class A-P Certificates) and Subordinate Certificates, on a pro rata basis, as described below. As used herein, an allocation of a Realized Loss on a "pro rata basis" among two or more specified Classes of Certificates means an allocation on a pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date in the case of the principal portion of a Realized Loss or based on the Accrued Certificate Interest thereon payable on such Distribution Date (without regard to any Compensating Interest for such Distribution Date) in the case of an interest portion of a Realized Loss. Except as provided in the following sentence, any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to a Class of Certificates shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, which allocation shall be deemed to have occurred on such Distribution Date; provided that no such reduction shall reduce the aggregate Certificate Principal Balance of the Certificates below the aggregate Stated Principal Balance of the Mortgage Loans. Any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to the Subordinate Certificates then outstanding with the Lowest Priority shall be made by operation of the definition of "Certificate Principal Balance" and by operation of the provisions of Section 4.02(a). Allocations of the interest portions of Realized Losses (other than any interest rate reduction resulting from a Servicing Modification) shall be made in proportion to the amount of Accrued Certificate Interest and by operation of the definition of "Accrued Certificate Interest" and by operation of the provisions of Section 4.02(a). Allocations of the interest portion of a Realized Loss resulting from an interest rate reduction in connection with a Servicing Modification shall be made by operation of the provisions of Section 4.02(a). Allocations of the principal portion of Debt Service Reductions shall be made by operation of the provisions of Section 4.02(a). All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby; provided that if any Subclasses of the Class A-V Certificates have been issued pursuant to Section 5.01(c), such Realized Losses and other losses allocated to the Class A-V Certificates shall be allocated among such Subclasses in proportion to the respective amounts of Accrued Certificate Interest payable on such Distribution Date that would have resulted absent such reductions.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Special Hazard Loss Amount $ 0.00 --------------

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

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