Cram Down Losses definition

Cram Down Losses. With respect to a Mortgage Loan, if a court of appropriate jurisdiction in an insolvency proceeding shall have issued an order reducing the Loan Balance or the Mortgage Rate of such Mortgage Loan, the amount of such reduction in principal balance or reduction in accrued interest. A "Cram Down Loss" shall be deemed to have occurred on the date of issuance of such order.
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Cram Down Losses means, with respect to an Automobile Contract, if a court of appropriate jurisdiction in an insolvency proceeding shall have issued an order reducing the amount owed on an Automobile Contract or otherwise modifying or restructuring Scheduled Payments to be made on an Automobile Contract, an amount equal to such reduction in the net present value (using as the discount rate the lower of the contract rate or the rate of interest specified by the court in such order) of the Scheduled Payments as so modified or restructured. A "Cram Down Loss" shall be deemed to have occurred on the date such order is entered.
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Cram Down Losses means, with respect to any Automobile Contract, if a court of appropriate jurisdiction in an insolvency proceeding shall have issued an order reducing the amount owed on an Automobile Contract or otherwise modifying or restructuring Scheduled Payments to be made on an Automobile Contract, an amount equal to such reduction in the principal balance of such Automobile Contract or the reduction in the net present value (using as the discount rate the lower of the contract rate or the rate of interest specified by the court in such order) of the Scheduled Payments as so modified or restructured. A “Cram Down Loss” shall be deemed to have occurred on the date such order is entered.
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Examples of Cram Down Losses in a sentence

  • Receivables becoming Defaulted Receivables during period Cram Down Losses occurring during periodNet Liquidation Proceeds collected during periodNet losses during period {94}{95}{96}{97} (a) Unit count represents # instances in period per loan per line item Net Loss for PeriodAvg.

  • Receivables becoming Defaulted Receivables during period Cram Down Losses occurring during periodNet Liquidation Proceeds collected during periodNet losses during period {93}{94}{95}{96} (a) Unit count represents # instances in period per loan per line item Net Loss for PeriodAvg.

  • Units (a) Dollars (a)-1,903,582.30-(9,973.24)- 1,696,331.88 197,277.18{96} Receivables becoming Defaulted Receivables during period {96}{97} Cram Down Losses occurring during period {97}{98} Net Liquidation Proceeds collected during period {98}{99} Net losses during period {99} Net Loss for PeriodAvg.

  • Dollars (a)2,213,066.42(74,895.28)- 2,176,786.03 (38,614.89){89} Receivables becoming Defaulted Receivables during period {89}{90} Cram Down Losses occurring during period {90}{91} Net Liquidation Proceeds collected during period {91}{92} Net losses during period {92}Net Loss for Period(38,614.89)Avg.

  • Dollars2,403,339.93(64,102.30)- 2,066,576.68 272,660.95{90} Receivables becoming Defaulted Receivables during period {90}{91} Cram Down Losses occurring during period {91}{92} Liquidation Proceeds collected during period {92}{93} Net losses during period {93}Net Loss for Period272,660.95Avg.

  • Dollars (a)4,609,965.11(104,374.55)- 3,838,442.58 667,147.98{87} Receivables becoming Defaulted Receivables during period {87}{88} Cram Down Losses occurring during period {88}{89} Liquidation Proceeds collected during period {89}{90} Net losses during period {90}Net Loss for Period667,147.98Avg.

  • Dollars2,921,055.03(77,027.58)- 2,355,683.18 488,344.27{90} Receivables becoming Defaulted Receivables during period {90}{91} Cram Down Losses occurring during period {91}{92} Liquidation Proceeds collected during period {92}{93} Net losses during period {93}Net Loss for Period488,344.27Avg.

  • Dollars4,826,253.85(227,753.49)- 3,993,056.42 605,443.94{90} Receivables becoming Defaulted Receivables during period {90}{91} Cram Down Losses occurring during period {91}{92} Liquidation Proceeds collected during period {92}{93} Net losses during period {93}Net Loss for Period605,443.94Avg.

  • Cram Down Losses: If, during an insolvency proceeding, a court issued an order which reduces the amount owed on a Loan, a Cram Down Loss is the amount equal to such reduction in principal balance.

  • Units (a) Dollars (a)-1,151,009.54-(32,971.93)- 1,283,754.44 (165,716.83){98} Receivables becoming Defaulted Receivables during period {98}{99} Cram Down Losses occurring during period {99}{100} Net Liquidation Proceeds collected during period {100}{101} Net losses during period {101} Net Loss for PeriodAvg.


More Definitions of Cram Down Losses

Cram Down Losses means, with respect to any Automobile Contract, if a court of appropriate jurisdiction in an insolvency proceeding shall have issued an order reducing the amount owed on an Automobile Contract or otherwise modifying or restructuring Scheduled Payments to be made on an Automobile Contract, an amount equal to such reduction in the net present value (using as the discount rate the lower of the contract rate or the rate of interest specified by the court in such order) of the Scheduled Payments as so modified or restructured. A "Cram Down Loss" shall be deemed to have occurred on the date such order is entered.
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Cram Down Losses means, with respect to a Contract if a court of appropriate jurisdiction in an insolvency proceeding shall have issued an order reducing the amount owed on such Contract or otherwise modifying or restructuring the scheduled payments to be made on such Contract, an amount equal to (i) the excess of the Principal Balance of such Contract immediately prior to such order over the Principal Balance of such Contract as so reduced and/or (ii) if such court shall have issued an order reducing the effective rate of interest on such Contract, the excess of the Principal Balance of such Contract immediately prior to such order over the net present value (using as the discount rate the higher of the annual percentage rate on such Contract or the rate of interest, if any, specified by the court in such order) of the scheduled payments as so modified or restructured. A Cram Down Loss shall be deemed to have occurred on the date of issuance of such order.]
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Cram Down Losses means, with respect to a Contract, if a United States Bankruptcy court, or any other court having jurisdiction, shall have issued an order determining that the allowed amount of the secured claim with respect to such Contract is less than the outstanding amount owed on such Contract, and/or otherwise modified or restructured the payments on such Contract, an amount equal to, the excess of the principal balance of such Contract immediately prior to such order over the allowed amount of the secured claim. A Cram Down Loss shall be deemed to have occurred on the date of issuance of such order.
Sample 1
Cram Down Losses means, with respect to any Automobile Contract, if a court of appropriate jurisdiction in an insolvency proceeding shall have issued an order reducing the amount owed on an Automobile Contract or otherwise modifying or restructuring Scheduled Payments to be made on an Automobile Contract, an amount equal to such reduction in the principal balance of such Automobile Contract or the
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Related to Cram Down Losses

  • Cram Down Loss means, with respect to any Receivable (other than a Defaulted Receivable) as to which any court in any bankruptcy, insolvency or other similar Proceeding issues an order reducing the principal amount to be paid on such Receivable or otherwise modifies any payment terms with respect thereto, an amount equal to the amount of the principal reduction ordered by such court. A “Cram Down Loss” will be deemed to have occurred on the date of issuance of such court’s order.

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

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • 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.

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

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.

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

  • Relevant Losses means, in relation to:

  • Net Realized Losses For any Class of Certificates and any Distribution Date, the excess of (i) the amount of Realized Losses previously allocated to that Class over (ii) the amount of any increases to the Class Certificate Principal Balance of that Class pursuant to Section 5.08 due to Recoveries.

  • 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.

  • Losses incurred as used herein shall mean ceded losses and loss adjustment expense paid as of the effective date of calculation, plus the ceded reserves for losses and loss adjustment expense outstanding as of the same date, all as respects losses occurring during the contract year under consideration, plus the debit or minus the credit from the preceding contract year.

  • Excess Loss The amount of any (i) Fraud Loss realized after the Fraud Loss Coverage Termination Date, (ii) Special Hazard Loss realized after the Special Hazard Coverage Termination Date or (iii) Bankruptcy Loss realized after the Bankruptcy Coverage Termination Date.

  • 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;

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • 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.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

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

  • Operating Loss means a negative Operating Profit.

  • 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.

  • Excess Fraud Loss Any Fraud Loss, or portion thereof, which exceeds the then applicable Fraud Loss Amount.

  • Final Shared-Loss Recovery Month means the calendar month in which the tenth anniversary of the Commencement Date occurs.

  • Bankruptcy Losses With respect to the Mortgage Loans in the related Mortgage Pool, losses that are incurred as a result of Deficient Valuations and any reduction, in a bankruptcy proceeding, of the amount of the Scheduled Payment on a Mortgage Loan other than as a result of a Deficient Valuation.

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

  • Cumulative Realized Losses As of any date of determination, the aggregate amount of Realized Losses with respect to the Mortgage Loans.