Allocation of Losses definition

Allocation of Losses. Except as otherwise provided in Exhibit "A" to this Agreement, Losses for any Accounting Period shall be allocated among the Members in the ratio of their respective Membership Percentages.
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Allocation of Losses. Any realized losses on the Mortgage Loans not covered by Excess Cashflow or Overcollateralization will be allocated to each class of Certificates in the following order: to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, in that order, in each case until the respective Class Principal Balance of such class of Certificates has been reduced to zero. Following the reduction of the Class Principal Balance of each Class of Mezzanine and Subordinate Certificates to zero, such realized losses will be allocated to the Senior Certificates as follows: (i) realized losses on Group 1 Mortgage Loans will be allocated concurrently (a) to the Class 1-A-2 and Class 1-A-1 Certificates, in that order, and (b) to the Class 1-A-4 and 1-A-3 Certificates, in that order, in each case until the respective Class Principal Balance of such Class has been reduced to zero; and (ii) realized losses on Group 1 Mortgage Loans will be allocated to the Class 2-A-2 and Class 2-A-1 Certificates, in that order, in each case until the respective Class Principal Balance of such Class has been reduced to zero. -------------------------------------------------------------------------------- The information herein has been provided solely by UBS Securities LLC. Neither the issuer of certificates nor any of its affiliates makes any representation as to the accuracy or completeness of the informati on herein. The information herein is preliminary, and will be superseded by the applicable prospectus supplement and by any other information subsequently filed with the Securities and Exchange Commission. The information contained herein will be supersede d by the description of the mortgage loans contained and/or incorporated by reference in the Prospectus Supplement relating to the Certificates and supersedes all information contained in any collateral term sheets relating to the mortgage pool previously provided by UBS Securities LLC. -------------------------------------------------------------------------------- ==================================================== MASTR Adjustable Rate Mortgages Trust SERIES 2004-11 ==================================================== -------------------------------------------------------------------------------- THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT --------------------------------------------------------------------------------
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Allocation of Losses. Realized Losses with respect to each Mortgage Loan Group will be covered as follows:
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Examples of Allocation of Losses in a sentence

  • Section 8.3 (e) - Allocation of Losses Section 8.3 (e)(1) - Operating Losses An operating loss will be apportioned among the Members during the year of loss so that the loss will, to the extent practicable, be borne by those Members with respect to the loss year on an equitable basis, including charging the loss against allocated reserves, unallocated surplus, or the patronage equity.

  • Allocation of Losses: Losses not covered by the available credit enhancement will be allocated in the reverse order of payment priority (first to the Class B, then the Class M-2 and then the Class M-1 Certificates).

  • Allocation of Losses and Subsequent Recoveries..................................137 Section 6.03.

  • Allocation of Losses shall be proportionate to the relative proportion of damages allegedly arising from each category of claim.

  • Efficient Allocation of Losses Efficient allocation of costs often can minimize the economic burdens associated with injury-producing products and practices, such as the losses associated with defective consumer goods.244 One approach is to the shift the loss to the “cheapest cost avoider”245 and, thereby, reduce the magnitude of the loss.

  • Allocation of Losses and Subsequent Recoveries on the Group II Certificates and the Group III Certificates..............................................124 Section 6.05.

  • Allocation of Losses and Subsequent Recoveries on the Group I Certificates...............151 Section 6.04.

  • Section 3.28 Allocation of Losses on the Mortgage Loans.....................

  • Schulze., Allocation of Losses in Complex Insurance Coverage Claims § 2:2 (2016).

  • See S.M. Seaman & J.R. Schulze, Allocation of Losses in Complex Insurance Coverage Claims § 4.3[b], at 4-17– 4-21 (2d ed.


More Definitions of Allocation of Losses

Allocation of Losses. For any Distribution Date, any realized losses on the mortgage loans will be allocated as follows:
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Allocation of Losses. For any Distribution Date, any realized losses on the mortgage loans will be allocated as follows: (i) to Net Monthly Excess Cashflow, in reduction of the overcollateralization amount, (ii) to the Class B Certificates, (iii) to the Class M-2 Certificates, (iv) to the Class M-1 Certificates. The pooling agreement does not permit allocation of realized losses to the Class A Certificates.
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Allocation of Losses. Any realized losses on the Mortgage Loans not covered by Excess Interest or Overcollateralization will be allocated to each class of Mezzanine and Subordinate Certificates in the following order: to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, in that order, in each case until the respective Class Principal Balance of such class of Mezzanine or Subordinate Certificates has been reduced to zero. -------------------------------------------------------------------------------- The information herein has been provided solely by UBS Securities LLC. Neither the issuer of certificates nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein. The information herein is preliminary, and will be superseded by the applicable prospectus supplement and by any other information subsequently filed with the Securities and Exchange Commission. The information contained herein will be superseded by the description of the mortgage loans contained and/or incorporated by reference in the Prospectus Supplement relating to the Certificates and supersedes all information contained in any collateral term sheets relating to the mortgage pool previously provided by UBS Securities LLC. -------------------------------------------------------------------------------- ================================================= MASTR Adjustable Rate Mortgage Trust SERIES 2004-9 ================================================= -------------------------------------------------------------------------------- THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT -------------------------------------------------------------------------------- *Subject to change based on final approval by rating agencies. -------------------------------------------------------------------------------- The information herein has been provided solely by UBS Securities LLC. Neither the issuer of certificates nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein. The information herein is preliminary, and will be superseded by the applicable prospectus supplement and by any other information subsequently filed with the Securities and Exchange Commission. The information contained herein will be superseded by the description of the mortgage loans contained and/or incorporated by reference in the Prospectus Supplement r...
Sample 1
Allocation of Losses. Any realized losses on the Mortgage Loans not covered by Excess Cashflow or Overcollateralization will be allocated to each class of Certificates in the following order: to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, in that order, in each case until the respective Class Principal Balance of such class of Certificates has been reduced to zero. Following the reduction of the Class Principal Balance of each Class of Mezzanine and Subordinate Certificates to zero, such realized losses will be allocated to the Senior Certificates as follows: (i) realized losses on Group 1 Mortgage Loans will be allocated to the Class 1-A-2 and Class 1-A-1 Certificates, in that order in each case until the respective Class Principal Balance of such Class has been reduced to zero; and (ii) realized losses on Group 2 Mortgage Loans will be allocated to the Class 2-A-2 and Class 2-A-1 Certificates, in that order, in each case until the respective Class Principal Balance of such Class has been reduced to zero.
Sample 1
Allocation of Losses. Any realized losses on the Mortgage Loans not covered by Excess Interest or Overcollateralization will be allocated to each class of Mezzanine Certificates in the following order: to the Class M-3, Class M-2 and Class M-1 Certificates, in that order, in each case until the respective Class Principal Balance of such class of Mezzanine Certificates has been reduced to zero.
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Allocation of Losses. For any Distibution Date, any realized losses on the mortgage loans will be allocated as follows:
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Related to Allocation of Losses

  • Final Allocation has the meaning set forth in Section 2.3.

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Net Losses means, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

  • Tax Allocations means the allocations set forth in paragraph 4 of Exhibit B.

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • distribution losses means energy losses that result from the interaction of intrinsic characteristics of the distribution network such as electrical resistance with network voltages and current flows;

  • Electrical Losses means all applicable losses, including the following: (a) any transmission or transformation losses between the CAISO revenue meter(s) and the Delivery Point; and (b) the Distribution Loss Factor, if applicable.

  • Seller Losses has the meaning set forth in Section 10.2(a).

  • Liquidating Losses means any net loss realized in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership (including upon the occurrence of any event of liquidation of the Partnership), including but not limited to net loss realized in connection with an adjustment to the book value of Partnership assets under Section 6.2 hereof.

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Funding Losses has the meaning set forth in Section 2.13(b)(ii).

  • Covered Losses has the meaning set forth in Section 9.2(b).

  • Required Allocations means (a) any limitation imposed on any allocation of Net Losses or Net Termination Losses under Section 6.1(b) or 6.1(c)(ii) and (b) any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), 6.1(d)(ii), 6.1(d)(iv), 6.1(d)(vii) or 6.1(d)(ix).

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Allocations means any and all of the allocations described in Sections 1.3(a), 1.3(b), 1.3(c) and 1.3(d) hereof.

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Cumulative Net Losses means, as of any date of determination, the aggregate cumulative principal amount of all Receivables that have become Liquidated Receivables since the Initial Cutoff Date, net of all Net Liquidation Proceeds and Recoveries with respect to such Receivables as of last day of the most recently ended Collection Period.

  • Asset Allocation The following single issuer limits shall apply on a market value basis, with exception of Money-Market funds and US Treasury Bills, which may be held without limit:

  • Relevant Losses means, in relation to:

  • allocated has the meaning specified in Section 2.5(d);

  • Waste load allocation means (i) the water quality-based annual mass load of total nitrogen or

  • Allocable Overhead means costs incurred by a Party or for its account that are attributable to a Party’s facilities and occupancy costs, corporate bonus (to the extent not charged directly to a department), and its supervisory, payroll, information systems, human relations and purchasing functions and that are allocated to company departments based on space occupied or headcount or other activity-based method. Allocable Overhead shall not include any costs attributable to general corporate activities, including, by way of example, executive management, investor relations, business development, legal affairs and finance.

  • Allocation has the meaning set forth in Section 3.3.

  • Buyer Losses shall have the meaning set forth in Section 11.1 hereof;