Additional Loss Amount definition

Additional Loss Amount means, with respect to any Collection Period, an amount equal to the sum of (a) all amounts of losses incurred in respect of any uninsured liability to third parties (I.E., litigation risk) on the part of the Titling Trust that is ultimately borne by the 1998-C SUBI Assets during such Collection Period, whether such liability is incurred (i) with respect to the 1998-C SUBI Assets and is therefore allocated to the 1998-C SUBI Assets pursuant to the 1998-C SUBI Supplement, (ii) with respect to the Titling Trust Assets generally and a pro rata portion of such liability is allocated to the 1998-C SUBI Assets pursuant to the Titling Trust Agreement or (iii) with respect to UTI Assets or Other SUBI Assets if such UTI Assets or Other SUBI Assets are insufficient to pay such liability and a portion thereof is therefore allocated to the 1998-C SUBI pursuant to the Titling Trust Agreement and (b) all monies reserved within the 1998-C SUBI Collection Account against future losses in respect of such liabilities by the Servicer on behalf of the 1998-C Securitization Trustee as of the last day of such Collection Period.

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Additional Loss Amount means, with respect to any Collection Period, all payments (including any indemnification or reimbursement of the Trustee or any Trust Agent) with respect to Claims by Persons other than the Trustee, the Trust Agent, the Servicer, the Indenture Trustee, the Owner Trustee, the Certificateholder, and any other beneficiary of the Trust against or with respect to the 1999-A SUBI Assets paid during that Collection Period, including reasonable fees and expenses of attorneys incurred in defending or settling such Claims, all as allocated by the Trustee pursuant to Section 7.01(c) of the Trust Agreement, and the amount of reserves for future possible such payments that the Servicer, on behalf of the Trustee, deems advisable (after consultation with Independent Accountants) to retain in the 1999-A SUBI Collection Account out of moneys that otherwise would constitute Collections for that Collection Period.

Examples of Additional Loss Amount in a sentence

Upon the request of the Purchaser, the Seller agrees to indemnify and hold harmless the Indemnified Purchaser Parties in regards to the loss arising from certain cases provided for in this Article XI of the Bank, including the assets of the trust accounts (excluding performance based trust accounts) of the Bank (the "Additional Loss Amount"), and 80.04% of such Additional Loss Amount shall be an asset indemnity amount (the "Asset Indemnity Amount").
The aggregate Additional Loss Amount of the Corporate Loans shall be the sum of the Additional Loss Amount of the Corporate Loans for each CHB borrower set forth in Appendix 4.
If any amount of the Additional Loss Amount under Section 11.01 is subject to dispute (a "Dispute"), the following procedure will apply to resolve a Dispute.
The Additional Loss Amount of the Returned KAMCO Credits shall be (i) any amount paid (including any payment of accrued interests thereon) by CHB to KAMCO with respect to the Returned KAMCO Credits returned from (and including) January 1, 2003 until the Second Calculation Date minus (ii) the Value of the Returned KAMCO Credits minus (iii) the threshold amount for the Returned KAMCO Credits set forth in Appendix 12.
The Purchaser shall pay to the Seller an additional amount calculated as below (the "AI Payment Amount") on the earlier of (i) 60 days after the date the Additional Loss Amount (whether full or partial) with respect to the Second Calculation Date is finally determined pursuant to Section 11.01(d) and Section 11.02, or (ii) the date as agreed between the Seller and the Purchaser (the "AI Payment Date").

More Definitions of Additional Loss Amount

Additional Loss Amount has the meaning set forth in the Section 11.01.