Excess Losses definition

Excess Losses. For any Distribution Date, the amount of any (i) Fraud Losses in excess of the Fraud Loss Amount, (ii) Special Hazard Losses in excess of the Special Hazard Loss Amount or (iii) Bankruptcy Losses in excess of the Bankruptcy Loss Amount.

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Excess Losses. (i) Special Hazard Losses in excess of the Special Hazard Amount, (ii) Bankruptcy Losses in excess of the Bankruptcy Amount, (iii) Fraud Losses in excess of the Fraud Loss Amount and (iv) Extraordinary Losses.

Excess Losses as defined in the Underlying Agreement.

Examples of Excess Losses in a sentence

• The principal portion of any Excess Losses shall be allocated among all Classes of Certificates on a pro rata basis; provided, however, that the applicable PO Percentage of any Excess Losses on the Discount Mortgage Loans shall be allocated to Class A-P Certificates.

• Based on such information, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date.

• Excess Losses shall be allocated among the Senior Certificates and the Subordinate Certificates by Pro Rata Allocation.

• On any Distribution Date, the interest portion of any Excess Losses shall be allocated pro rata among the outstanding Classes of Certificates based upon the amount of interest to which each such Class would otherwise be paid on such Distribution Date had there been no such Excess Losses allocable to interest.

• On any Distribution Date, the interest portion of any Excess Losses shall be allocated among all Classes of Certificates pro rata based upon the amount of interest to which each such Class would otherwise be paid on such Distribution Date had there been no such Excess Losses allocable to interest.

More Definitions of Excess Losses

Excess Losses. The sum of any Excess Bankruptcy Losses, Excess Fraud Losses and Excess Special Hazard Losses.

Excess Losses. For any Distribution Date and Loan Group, the amount of any (i) Fraud Losses on the Mortgage Loans in such Loan Group in excess of the Fraud Loss Amount for such Loan Group, (ii) Special Hazard Losses on the Mortgage Loans in such Loan Group in excess of the Special Hazard Loss Amount for such Loan Group or (iii) Bankruptcy Losses on the Mortgage Loans in such Loan Group in excess of the Bankruptcy Loss Amount for such Loan Group.

Excess Losses. Means, collectively, Excess Bankruptcy Losses, Excess Fraud Losses and Excess Special Hazard Losses.

Excess Losses. Any Special Hazard Losses in excess of the related Special Hazard Loss Coverage Amount, Bankruptcy Losses in excess of the related Bankruptcy Loss Coverage Amount and Fraud Losses in excess of the related Fraud Loss Coverage Amount.

Excess Losses has the meaning given such term in Section 2.4.5.

Excess Losses. With respect to a Series of Bonds and a Payment Date, an amount equal to the sum of Excess Bankruptcy Losses (other than Debt Service Reductions), Excess Fraud Losses and Excess Special Hazard Losses.

Excess Losses. Special Hazard Losses in excess of the Special Hazard Loss Coverage Amount, Bankruptcy Losses in excess of the Bankruptcy Loss Coverage Amount and Fraud Losses in excess of the Fraud Loss Coverage Amount. Exchange Act: Securities and Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. Exemption: Prohibited Transaction Exemption 93-32, as amended from time to time.