Extraordinary Losses definition

Extraordinary Losses. Any loss incurred on a Mortgage Loan caused by or resulting from an Extraordinary Event.

Extraordinary Losses. Any loss incurred on a Mortgage Loan caused by or resulting from an Extraordinary Event. Fannie Mae: Federal National Mortgage Association, a federally chartered and privately oxxxx xorporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto. FDIC: Federal Deposit Insurance Corporation or any successor thereto.

Extraordinary Losses. Any loss incurred on a Mortgage Loan caused by or resulting from an Extraordinary Event. Xxxxxx Mae: Federal National Mortgage Association, a federally chartered and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto. FDIC: Federal Deposit Insurance Corporation or any successor thereto.

Examples of Extraordinary Losses in a sentence

• The amount of the payment will be calculated by dividing the funds remaining in the Settlement Fund after payment of Claims for Ordinary Out-of-Pocket Losses, Claims for Extraordinary Losses and Attested Time, costs of Credit Monitoring Services, notice and administration costs, service award payments approved by the Court, and attorneys’ fees and expenses awarded by the Court by the number of Residual Cash Payment claimants, and thus could be less than $550.

• These services will be made available to all Settlement Class Members who choose to enroll regardless of whether they submit a Claim for Ordinary Out-of-Pocket Losses, a Claim for Extraordinary Losses and Attested Time, and/or a Claim for a Residual Cash Payment under the settlement.

• Claims for Residual Cash Payments will be increased pro rata to a maximum of $550 or decreased pro rata to consume the remaining amount of the Settlement Fund after payment for approved Claims for Ordinary Out-of-Pocket Losses, approved Claims for Extraordinary Losses and Attested Time, costs of Credit Monitoring Services, notice and administration costs, service award payments approved by the Court, and attorneys’ fees and expenses awarded by the Court.

• In addition to making Claims for Ordinary Out-of-Pocket Losses and/or Claims for Extraordinary Losses and Attested Time, Settlement Class Members may elect to receive a cash payment of up to $550 on a claims-made basis.

More Definitions of Extraordinary Losses

Extraordinary Losses. Any loss incurred on a Mortgage Loan in Loan Group II, caused by or resulting from an Extraordinary Event.

Extraordinary Losses means the amount ascribed to such term in the Income Statement.

Extraordinary Losses. Any Realized Loss incurred on a Mortgage Loan, to the extent that the loss was attributable to physical damage to a Mortgaged Property of a type excluded from coverage under the Special Hazard Insurance Policy, as specified therein under "II.

Extraordinary Losses means for any period any extraordinary losses determined in accordance with GAAP.

Extraordinary Losses has the meaning set forth in Section 7.2.

Extraordinary Losses means the losses incurred by the Corporation in an operating year in excess of the amount of net income of said year, including interest, plus twenty-five (25) percent of the accrued reserves balance.

Extraordinary Losses means documented and unreimbursed monetary losses more likely than not caused by the Data Incident that occurred between September 2021 and the Claims Deadline. “Extraordinary Losses” cannot include losses already covered by the ordinary losses category.