FIRST LOSS TRANCHE Sample Clauses
The First Loss Tranche clause defines the portion of a structured financial product or securitization that is designated to absorb the initial losses arising from defaults or underperformance of the underlying assets. Typically, this tranche is held by the originator or a party willing to take on higher risk in exchange for potentially higher returns, and it is the first to bear losses before any other investors are affected. By allocating the first losses to a specific tranche, this clause provides credit enhancement to more senior tranches, thereby protecting them and making the overall structure more attractive to risk-averse investors.
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FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver an asset premium (discount) bid of negative three billion dollars ($3,000,000,000) and a Deposit premium bid of zero percent (0%). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. The First Loss Tranche shall be determined by adding (i) the asset premium (discount) bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment. If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank will incur before loss-sharing commences under Exhibits 4.15A and 4.15B. If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Bank by the end of the first business day following Bank Closing and loss sharing shall commence immediately.
FIRST LOSS TRANCHE. 26 ADJUSTMENTS 26 CONTINUING COOPERATION 28 CONDITION PRECEDENT 30 REPRESENTATIONS AND WARRANTIES OF THE ASSUMING BANK 30 INDEMNIFICATION 31 ARTICLE XIII
FIRST LOSS TRANCHE. 26 ADJUSTMENTS 26 REPRESENTATIONS AND WARRANTIES OF THE
FIRST LOSS TRANCHE. The Assuming Institution has submitted to the Receiver an asset iscount bid of ($2,571,000.00) and a positive Deposit premium bid of 0.00%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. The First Loss Tranche shall be determined by adding
(i) the asset premium (discount) bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment. If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Institution will incur before loss-sharing commences under Exhibits 4.15A and 4.15B. If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Institution by the end of the first business day following Bank Closing, together with interest determined in accordance with Section 8.4, and loss sharing shall commence immediately.
FIRST LOSS TRANCHE. 26 ADJUSTMENTS 27 REPRESENTATIONS AND WARRANTIES OF THE ARTICLE XIII
FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver an asset premium (discount) bid of ($19,645,000) and a Deposit premium bid of 1.02%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. The First Loss Tranche shall be determined by adding (i) the asset premium (discount) bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment. If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank will incur before
FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver an asset discount bid of ($26,900,000.00) and a Deposit premium bid of 0%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. The First Loss Tranche shall be determined by adding (i) the asset discount bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment. If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared-Loss Assets that the Assuming Bank will incur before loss- sharing commences under Exhibits 4.15A and 4.15B. If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Bank by the end of the first business day following Bank Closing and loss sharing shall commence immediately.
FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver an asset premium (discount) bid of ($ 35,990,000.00) and a Deposit premium bid of 1.1
FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver of Security Bank of ▇▇▇▇ County an asset premium (discount) bid of $(130,500,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of Gwinnett County an asset premium (discount) bid of $(70,000,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of Houston County an asset premium (discount) bid of $(28,000,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of ▇▇▇▇▇ County an asset premium (discount) bid of $(36,000,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of North ▇▇▇▇▇▇ an asset premium (discount) bid of $(17,000,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of North Metro an asset premium (discount) bid of $(35,000,000.00) and a Deposit premium bid of zero%.
Module 1 — Whole Bank w/ Loss Share — P&A Security Banks Version 1.07 Georgia July 20, 2009 The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. The First Loss Tranche shall be determined by adding (i) the asset premium (discount) bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment. If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank will incur before loss-sharing commences under Exhibits 4.15A and 4.15B. If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Bank by the end of the first business day following Bank Closing and loss sharing shall commence immediately.
FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver an asset premium (discount) bid of ($299,400,000.00) and a Deposit premium bid of 0%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. The First Loss Tranche shall be determined by adding (i) the asset premium (discount) bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment. If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank will incur before loss-sharing commences under Exhibits 4.15A and 4.15B. If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Bank by the end of the first business day following Bank Closing, together with interest determined in accordance with Section 8.4, and loss sharing shall commence immediately.
Module 1 Whole Bank w/ Loss Share – P&A Version 1.12 November 17, 2009 27 FIRST REGIONAL BANK Los Angeles, CA