Common use of Special Hazard Loss Limit Clause in Contracts

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 Cut-off Date, $3,177,043 3,935,262 (with respect to the Pool 1 Mortgage Loans) and $6,527,493 7,842,716 (with respect to the Pool 2, Pool 3, Pool 4 and Pool 5-5 Mortgage Loans), 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) 11.00% of the aggregate of the Scheduled Principal Balances of the Pool 1 Mortgage Loans in the related or Pool 2-5 Mortgage Pool or PoolsLoans, as applicable; (ii) twice the Scheduled Principal Balance of the Mortgage Loan in Pool 1, in the related case of the Pool 1 Mortgage Loans, or in any of Pool 2, Pool 3, Pool 4 or Pools Pool 5, in the case of the Pool 2-5 Mortgage Loans, having the highest Scheduled Principal Balance, and (iii) the aggregate Scheduled Principal Balance Balances of the Pool 1 Mortgage Loans in the related or Pool 2-5 Mortgage Pool or Pools 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 in the related or Pool 2-5 Mortgage Pool or Pools 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 in or the related Pool 2-5 Mortgage Pool or Pools Loans, as applicable, since the Closing Date.

Special Hazard Loss Limit. As of the Cut off Date, $3,177,043 5,578,202 with respect to Pool 1 and Pool 3 and $6,527,493 2,977,685 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 Cut-off Date, $3,177,043 Date with respect to the Mortgage Loans in Pool 1 and initially, $6,527,493 1,774,214. As of the Cut-off Date with respect to the Mortgage Loans in Pool 2, initially $2,329,187. As of the Cut-off Date with respect to the Mortgage Loans in Pool 3, Pool 4 3A and Pool 53B collectively, initially $2,140,139, which amounts amount 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) 11.00% of the aggregate of the Scheduled Principal Balances of the Mortgage Loans in the related Mortgage Pool or PoolsLoans; (ii) twice the Scheduled Principal Balance of the related Mortgage Loan in the related Mortgage Pool or Pools having the highest Scheduled Principal Balance, and (iii) the aggregate Scheduled Principal Balance Balances of the Mortgage Loans in the related Mortgage Pool or Pools Loans 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 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 in the related Mortgage Pool or Pools since the Closing Date.