Special Hazard Loss Limit. As of the Cut-off Date, $9,566,382, which amount shall be reduced from time to time to an amount equal on any Distribution Date to the lesser of (a) the greatest of (i) 1.00% of the aggregate of the Scheduled Principal Balances of the Mortgage Loans; (ii) twice the Scheduled Principal Balance of the Mortgage Loan having the highest Scheduled Principal Balance, and (iii) the aggregate Scheduled Principal Balances of the Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate Scheduled Principal Balance of Mortgage Loans of any such postal zip code area and (b) the Special Hazard Loss Limit as of the Closing Date less the amount, if any, of Special Hazard Losses incurred with respect to Mortgage Loans since the Closing Date.
Special Hazard Loss Limit. As of the Cut-off Date with respect to the Mortgage Loans in Pools 1, initially, $3,958,378.84, which amount shall be reduced from time to time to an amount equal on any Distribution Date to the lesser of (a) the greatest of (i) 1.57% of the aggregate of the Scheduled Principal Balances of the related Mortgage Loans; (ii) twice the Scheduled Principal Balance of the related Mortgage Loan having the highest Scheduled Principal Balance, and (iii) the aggregate Scheduled Principal Balances of the related Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate Scheduled Principal Balance of Mortgage Loans of any such postal zip code area and (b) the related Special Hazard Loss Limit as of the Closing Date less the amount, if any, of Special Hazard Losses incurred with respect to the Mortgage Loans since the Closing Date. As of the Cut-off Date with respect to the Mortgage Loans in Pool 2 and Pool 3 combined, initially $4,568,000.00, which amount shall be reduced from time to time to an amount equal on any Distribution Date to the lesser of (a) the greatest of (i) 1.17% of the aggregate of the Scheduled Principal Balances of the related Mortgage Loans; (ii) twice the Scheduled Principal Balance of the related Mortgage Loan having the highest Scheduled Principal Balance, and (iii) the aggregate Scheduled Principal Balances of the related Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate Scheduled Principal Balance of Mortgage Loans of any such postal zip code area and (b) the related Special Hazard Loss Limit as of the Closing Date less the amount, if any, of Special Hazard Losses incurred with respect to the Mortgage Loans since the Closing Date.
Special Hazard Loss Limit. As of the Cut off Date, $3,177,043 with respect to Pool 1 and $6,527,493 with respect to Pool 2, Pool 3, Pool 4 and Pool 5, which amounts shall be reduced in each case from time to time to an amount equal on any Distribution Date to the lesser of (a) the greatest of (i) 1% of the aggregate of the Scheduled Principal Balances of the Mortgage Loans in the related Mortgage Pool or Pools; (ii) twice the Scheduled Principal Balance of the Mortgage Loan in the related Mortgage Pool or Pools having the highest Scheduled Principal Balance, and (iii) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Mortgage Pool or Pools secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate Scheduled Principal Balance of Mortgage Loans in the related Mortgage Pool or Pools of any such postal zip code area and (b) the Special Hazard Loss Limit as of the Closing Date less the amount, if any, of Special Hazard Losses incurred with respect to Mortgage Loans in the related Mortgage Pool or Pools since the Closing Date.
Special Hazard Loss Limit. As of the Cut-off Date, $3,180,230 (with respect to the Pool 1 Mortgage Loans) and $6066,321 (with respect to the Pool 2-4 Mortgage Loans), which amounts shall be reduced from time to time to an amount equal on any Distribution Date to the lesser of (a) the greatest of (i) 1.00% of the aggregate of the Scheduled Principal Balances of the Pool 1 Mortgage Loans or Pool 2-4 Mortgage Loans, as applicable; (ii) twice the Scheduled Principal Balance of the Mortgage Loan in Pool 1, in the case of the Pool 1 Mortgage Loans, or in any of Pool 2, Pool 3 or Pool 4, in the case of the Pool 2-4 Mortgage Loans, having the highest Scheduled Principal Balance, and (iii) the aggregate Scheduled Principal Balances of the Pool 1 Mortgage Loans or Pool 2-4 Mortgage Loans, as applicable, secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate Scheduled Principal Balance of Pool 1 Mortgage Loans or Pool 2-4 Mortgage Loans, as applicable, of any such postal zip code area and (b) the related Special Hazard Loss Limit as of the Closing Date less the amount, if any, of Special Hazard Losses incurred with respect to Pool 1 Mortgage Loans or the Pool 2-4 Mortgage Loans, as applicable, since the Closing Date.
Special Hazard Loss Limit. As of the Cut-off Date, $1,812,396 (with respect to the Pool 1 Mortgage Loans) and $3,585,099 (with respect to the Pool 2-4 Mortgage Loans),which amount shall be reduced from time to time to an amount equal on any Distribution Date to the lesser of (a) the greatest of (i) 1.00% of the aggregate of the Scheduled Principal Balances of the Pool 1 Mortgage Loans or the Pool 2-4 Mortgage Loans, as applicable; (ii) twice the Scheduled Principal Balance of the related Mortgage Loan having the highest Scheduled Principal Balance, and (iii) the aggregate Scheduled Principal Balances of the related Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate Scheduled Principal Balance of any such postal zip code area and (b) the related Special Hazard Loss Limit as of the Closing Date less the amount, if any, of Special Hazard Losses incurred with respect to Pool 1 Mortgage Loans or the Pool 2-4 Mortgage Loans, as applicable, since the Closing Date.
Special Hazard Loss Limit. As of the Cut off Date, $4,448,785 with respect to Pool 1 and $7,684,299 with respect to Pool 2, which amounts shall be reduced in each case from time to time to an amount equal on any Distribution Date to the lesser of (a) the greatest of (i) 1% of the aggregate of the Scheduled Principal Balances of the Mortgage Loans in the related Pool; (ii) twice the Scheduled Principal Balance of the Mortgage Loan in the related Pool having the highest Scheduled Principal Balance, and (iii) the aggregate Scheduled Principal Balances of the Mortgage Loans in the related Pool secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate Scheduled Principal Balance of Mortgage Loans in the related Pool of any such postal zip code area and (b) the Special Hazard Loss Limit as of the Closing Date less the amount, if any, of Special Hazard Losses incurred with respect to Mortgage Loans in the related Pool since the Closing Date.
Special Hazard Loss Limit. As of the Cut-off Date, $5,818,816.94 which amount shall each be reduced from time to time to an amount equal on any Distribution Date to the lesser of (a) the greatest of (i) 1% of the aggregate of the Scheduled Principal Balances; (ii) twice the Scheduled Principal Balance having the highest Scheduled Principal Balance, and (iii) the aggregate Scheduled Principal Balances secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate Scheduled Principal Balance of Mortgage Loans of any such postal zip code area and (b) such Special Hazard Loss Limit as of the Closing Date less the amount, if any, of Special Hazard Losses incurred with respect to the related Mortgage Loans since the Closing Date. Specified Rating: Not applicable. Sponsor: Lxxxxx Brothers Holdings Inc. and any successor in interest thereto.
Special Hazard Loss Limit. As of the Cut-off Date, $4,827,376, which amount shall be reduced from time to time to an amount equal on any Distribution Date to the lesser of (a) the greatest of (i) 1% of the aggregate of the Scheduled Principal Balances of the Mortgage Loans;
Special Hazard Loss Limit. As of the Cut-off Date, $[________], which amount shall be reduced from time to time to an amount equal on any Distribution Date to the lesser of (a) the greatest of (i) 1% of the aggregate of the Scheduled Principal Balances of the Mortgage Loans; (ii) twice the Scheduled Principal Balance of the Mortgage Loan having the highest Scheduled Principal Balance, and (iii) the aggregate Scheduled Principal Balances of the Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate Scheduled Principal Balance of Mortgage Loans of any such postal zip code area and (b) the Special Hazard Loss Limit as of the Closing Date less the amount, if any, of Special Hazard Losses incurred with respect to Mortgage Loans since the Closing Date. SPECIFIED RATING: Not applicable.
Special Hazard Loss Limit. As of the Cut-off Date 6,543,823.67, which amount shall be reduced from time to time to an amount equal, on any Distribution Date, to the Special Hazard Loss Limit as of the Closing Date less the amount, if any, of Special Hazard Losses incurred with respect to Mortgage Loans since the Closing Date. Sponsor: TBW, or any successor in interest.
