Final Liquidation Proceeds definition
Final Liquidation Proceeds. Liquidation Proceeds received by a Servicer during the Unscheduled Principal Receipt Period in which the related Mortgage Loan became a Liquidated Loan.
Final Liquidation Proceeds. The proceeds of the sale or other -------------------------- liquidation of the Underlying Securities and the Eligible Investments after the occurrence of an Event of Default.
Examples of Final Liquidation Proceeds in a sentence
Any entitlement of any Class of Class B Certificates to principal payments solely pursuant to this clause (ii) shall not cause such Class to be regarded as being eligible to receive Unscheduled Principal Receipts (other than Final Liquidation Proceeds) for the purpose of applying the definition of its Group I Class B Prepayment Percentage, Group II Class B Prepayment Percentage and Group III Class B Prepayment Percentage.