Cumulative Loss Amount definition

Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.

Cumulative Loss Amount means the sum of all Monthly Loss Amounts minus the sum of (a) all Recovery Amounts plus (b) all Collections on Fully Charged-Off Assets.

Cumulative Loss Amount with respect to each Payment Date, an amount ---------------------- equal to the excess, if any, of (a) the total of (i) the Outstanding Principal Amount of the Notes as of the immediately preceding Payment Date after giving effect to all principal payments made on that day, plus (ii) the Overcollateralization Balance as of the immediately preceding Payment Date, minus (iii) the lesser of (A) the Discounted Present Value of the Performing Leases as of the Determination Date relating to the immediately preceding Payment Date minus the Discounted Present Value of the Performing Leases as of the related Determination Date and (B) Available Funds remaining after the payment of the Insurer Premium, amounts owing the Servicer, Interest Payments and Reimbursement Amounts on such Payment Date, over (b) the Discounted Present Value of the Performing Leases as of the related Determination Date.

Examples of Cumulative Loss Amount in a sentence

• In the event that the sum of the Cumulative Loss Amount under this Single Family Shared-Loss Agreement and the Stated Loss Amount under the Commercial Shared-Loss Agreement meets or exceeds the Stated Threshold, the loss/recovery sharing percentages set forth herein shall change from 80/20 to 95/5 and thereafter the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to ninety-five percent (95%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate.

• E Cumulative Loss Amount First Loss Tranche Cumulative Shared-Loss Amount Balance, beginning of month XX XX XX F Current month Net Losses (from Part 1) XX Balance, end of month XX XX XX G Shared Loss Amount XX G - F Times Loss Share percentage 80% Amount due from (to) FDIC as Receiver XX Pursuant to Section 2.1 of the Single Family Shared-Loss Agreement, the undersigned hereby certifies the information on this Certificate is true, complete and correct.

More Definitions of Cumulative Loss Amount

Cumulative Loss Amount. With respect to any Payment Date, an amount equal to the aggregate of all Realized Losses incurred in all prior Remittance Periods.

Cumulative Loss Amount means, with respect to a Payment Date, an amount equal to the excess, if any, of:

Cumulative Loss Amount means, with respect to a Distribution Date, an amount equal to the excess, if any, of:

Cumulative Loss Amount means, with respect to each Payment Date (the "subject Payment Date"), an amount equal to the excess, if any, of (a) the difference of (i) the sum of the Outstanding Principal Amount of the Notes and the Certificate Balance as of the immediately preceding Payment Date after giving effect to all payments made on such Payment Date, minus (ii) the lesser of (A) the Discounted Present Value of the Performing Leases as of the Determination Date relating to the immediately preceding Payment Date minus the Discounted Present Value of the Performing Leases as of the Determination Date related to the subject Payment Date and (B) Available Funds for the subject Payment Date (including any funds withdrawn from the Reserve Account or the Residual Account as a result of an Available Funds Shortfall) remaining after the payment of amounts owing to Servicer and in respect of interest on the Notes and Certificates on the subject Payment Date over (b) the Discounted Present Value of Performing Leases as of the Determination Date related to the subject Payment Date.

Cumulative Loss Amount means, with respect to each Payment Date, an amount equal to the excess, if any, of (a) the total of (i) the Aggregate Principal Amount for such Payment Date, minus (ii) the lesser of (A) the Monthly Principal Amount and (B) the Amount Available remaining after the payment of amounts owing to the Servicer (other than the Servicing Fee to the extent that Vendor Services is the Servicer) and in respect of interest on the Notes on such Payment Date, over (b) the Lease Pool Principal Balance with respect to such Payment Date.

Cumulative Loss Amount with respect to each Payment Date, an amount equal to the excess, if any, of (a) the total of (i) the Outstanding Principal Amount of the Notes as of the immediately preceding Payment Date after giving effect to all payments made on such Payment Date, minus (ii) the lesser of (A) the Discounted Present Value of the Performing Leases as of the Determination Date relating to the immediately preceding Payment Date minus the Discounted Present Value of the Performing Leases as of the related Determination Date and (B) Available Funds for such Payment Date (including any funds withdrawn from the Reserve Account or the Residual Account as a result of an Available Funds Shortfall) remaining after the payment of amounts owing the Servicer and in respect of interest on the Notes on such Payment Date over (b) the Discounted Present Value of Performing Leases as of the related Determination Date.

Cumulative Loss Amount means, on any day, the aggregate of the Individual LossAmounts.