Bankruptcy Loss Limit definition

Bankruptcy Loss Limit. As of the Cut-off Date, $100,000, which amount shall be reduced from time to time by the amount of Bankruptcy Losses allocated to the Certificates.

Bankruptcy Loss Limit. As of the Cut-off Date $100,000, with respect to Pool 1; $100,000, with respect to Pool 2; and $100,000, with respect to Pool 3, which amounts shall be reduced from time to time by the amount of Bankruptcy Losses with respect to Mortgage Loans in the related Mortgage Pool that are allocated to the Certificates.

Bankruptcy Loss Limit. As of the Cut-off Date with respect to the Mortgage Loans in Pool 1, initially, $100,000.00, which amount shall be reduced from time to time by the amount of Bankruptcy Losses allocated to the related Certificates. As of the Cut-off Date with respect to the Mortgage Loans in Pool 2 and Pool 3 combined, initially, $170,844.92, which amount shall be reduced from time to time by the amount of Bankruptcy Losses allocated to the related Certificates.

Examples of Bankruptcy Loss Limit in a sentence

• The Distribution Date on which the Bankruptcy Loss Limit has been reduced to zero (or less than zero).

• The Class B Certificateholders shall bear all Excess Credit Losses, Bankruptcy Losses up to the Bankruptcy Loss Limit, Fraud Losses up to the Fraud Loss Limit and Special Hazard Losses up to the Special Hazard Loss Limit until the Class B Principal Balance equals zero.

• The Distribution Date on which the Bankruptcy Loss Limit has been reduced to zero.

• All Excess Credit Losses, Fraud Losses up to the Fraud Loss Limit, Special Hazard Losses up to the Special Hazard Limit and Bankruptcy Losses up to the Bankruptcy Loss Limit, to the extent not allocated to the Class B Certificateholders shall be allocated to the Class A Certificates on the related Distribution Date.

• Any Bankruptcy Loss, or portion thereof, in excess of the then-applicable Bankruptcy Loss Limit, any Fraud Loss, or portion thereof, in excess of the then-applicable Fraud Loss Limit, and any Special Hazard Loss, or portion thereof, in excess of the then-applicable Special Hazard Loss Limit.

More Definitions of Bankruptcy Loss Limit

Bankruptcy Loss Limit. Not applicable.

Bankruptcy Loss Limit. As of the Cut-off Date with respect to the Mortgage Loans in Pool 1, initially, $116,909, which amount shall be reduced from time to time by the amount of Bankruptcy Losses allocated to the related Certificates. As of the Cut-off Date with respect to the Mortgage Loans in Pool 2, initially $116,909, which amount shall be reduced from time to time by the amount of Bankruptcy Losses allocated to the related Certificates. As of the Cut-off Date with respect to the Mortgage Loans in Pool 3, initially, $152,919, which amount shall be reduced from time to time by the amount of Bankruptcy Losses allocated to the related Certificates.

Bankruptcy Loss Limit. $217,773.00, which amount shall be reduced from time to time by the amount of Bankruptcy Losses allocated to either Certificate Group.

Bankruptcy Loss Limit. As of the Cut-off Date and each of Collateral Group 1 and Collateral Group 2-6, $100,000, each of which amounts shall be reduced from time to time by the amount of Bankruptcy Losses allocated to the related Certificates.

Bankruptcy Loss Limit. As of the Cut-off Date and the Pool 1 Mortgage Loans, $314,314, which amount shall be reduced from time to time by the amount of Bankruptcy Losses allocated to the Certificates related to Pool 1; as of the Cut-off Date and the Pool 2 Mortgage Loans, $314,314, which amount shall be reduced from time to time by the amount of Bankruptcy Losses allocated to the Certificates related to Pool 2; as of the Cut-off Date and the Pool 3 Mortgage Loans, $314,314, which amount shall be reduced from time to time by the amount of Bankruptcy Losses allocated to the Certificates related to Pool 3; and as of the Cut-off Date and the Pool 4 and Pool 5 Mortgage Loans, $314,314, which amount shall be reduced from time to time by the amount of Bankruptcy Losses allocated to the Certificates related to Pool 4 and Pool 5, which amount shall be reduced from time to time by the amount of Bankruptcy Losses allocated to the Pool 4 and Pool 5 Certificates.

Bankruptcy Loss Limit. An aggregate amount which will not be less than the following percentages of the aggregate outstanding Principal Balances of all Mortgage Loans as of the Cut-Off Date: ___% in the first Series Year and ___% in each of the second, third, fourth and fifth Series Years or (ii) such lesser amount if the Master Servicer confirms with the Rating Agencies that such lesser amount will not impair the ratings on the Certificates.

Bankruptcy Loss Limit. As of the Cut-off Date, $202,031.00, which amount shall be reduced from time to time by the amount of Bankruptcy Losses that are allocated to the related Classes of Certificates.