Actual Loss Amount. With respect to an Indemnified Receivable:
Actual Loss Amount. With respect to any Remittance Date, the excess, if any of (i) the Realized Loss Amount for such Remittance Date over (ii) the Extra Interest for such Remittance Date actually received and on deposit in the Certificate Account.
Examples of Actual Loss Amount in a sentence
It is understood and agreed that the obligation of the Servicer to make a payment equal to the Actual Loss Amount as described above shall constitute the sole remedy respecting such breach available to the Issuer, the Grantor Trust and the Noteholders.
The Servicer shall deposit (or cause to be deposited) the Actual Loss Amount into the Collection Account prior to noon, Mountain Standard Time, on such date of indemnification (or, if the Servicer elects, an earlier date).