Final Loss definition

Final Loss means, with respect to any Mortgaged Property, the positive difference, if any, between (a) the Obligations unpaid at the time of calculation and (b) the sum of the amounts realized from the sale of the applicable REO Property or the value of the REO Property determined as set forth below, together with Net Operating Income from the time the applicable property becomes an REO property, as of the Final Loss Date.
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Final Loss means, with respect to any Affected Reference Obligation, subject to a minimum of zero per cent. and a maximum of 100 per cent., an amount expressed as a percentage determined by the Buyer equal to:
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Final Loss has the meaning attributed to such term in Section 7.10(5).
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Examples of Final Loss in a sentence

  • Final Loss Payments will be processed when the loan is liquidated.

  • Foreclosure Mediation:You will have the opportunity to request foreclosure mediation after you receive the Final Loss Mitigation Affidavit.

  • You qualify for foreclosure mediation only after the Final Loss Mitigation Affidavit has been filed with the court.

  • Any Net Payable Loss will be based on Paid Losses and 30-Day Amounts only and will be the amount calculated under a Proof of Loss Claim which has been subjected to the Claims Procedures by the Claims Reviewer subject to limited exceptions, except for payments due on the Final Loss Payment Date, in which case the final settlement of all liabilities in respect of such Loss Event under the Reinsurance Agreement may include payment for any Loss Reserves on the Final Loss Payment Date.

  • You will have only 25 days to request foreclosure mediation after you receive the Final Loss Mitigation Affidavit so it is important that you continue to open your mail.

  • A Final Loss for Alison On May 2, 1991, nearly four years after Virginia unilaterally cut off Alison’s contact with Andrew, the Court of Appeals ruled, in a 6-1 per curiam opinion, that Alison, as a “biological stranger” to her son, had no standing to seek visitation: “[A]lthough petitioner apparently nurtured a close and loving relationship with the child, she is not a parent within the meaning of Domestic Relations Law § 70.”104The court’s brief opinion fully embraced Virginia’s position.

  • For the avoidance of doubt, all work-out processes will be conducted by the Servicer according to established procedures (applicable to loans that are similar in type to the Reference Obligation irrespective of its inclusion in the Reference Portfolio), and shall be deemed to continue until the Final Loss Determination Date.

  • The “Final Loss Determination Date” shall be the date on which the Final Loss Determination Amount has been determined in connection with either (i) the Servicer consummating the sale of the Defaulted Reference Obligation or determining that the Defaulted Reference Obligation shall be written-off (as reflected in the applicable Originator’s books and records), in each case in accordance with the Servicer’s established procedures or (ii) the formal work-out process having been terminated.

  • The Final Loss is determined in accordance with the terms of the Notional Principal Contract and is a function of the amount of Recoveries made by the Buyer or Eligible Booking Entity from the relevant Reference Entity.

  • As such, both Hypotheses 11 and 12 were supported and confirmed.Table 3.


More Definitions of Final Loss

Final Loss means, in respect of each Matter, the Loss incurred by Aegerion and its Subsidiaries from and after the Closing (as defined in the Merger Agreement) in respect of such Matter, including any Loss to be incurred by Aegerion and its Subsidiaries pursuant to the Final Resolution of such Matter.
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Final Loss means, with respect to any Affected Reference Obligation, subject to a minimum of 0% and a maximum of 100%, an amount expressed as a percentage equal to:
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Final Loss shall have the meaning set forth in Section 10.4(e).
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Related to Final Loss

  • Total Loss means, in relation to a Ship:

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income,

  • Consequential Loss means indirect or consequential loss or damage such as, but not limited to, loss of contract, bargain, expectation, opportunity, profit, production, revenue, anticipated cost reduction or interest payable howsoever caused, arising out of or in connection with this Contract.

  • Loss or “Losses” means any and all losses, costs (including court costs), claims, damages (including fines, penalties, or civil judgments and settlements), injuries, liabilities and expenses (including attorneys’ fees).

  • 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.

  • 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.

  • Direct Loss means in respect of either Party, any Losses arising directly as a result of the other Party's failure to perform its obligations under this Agreement.

  • Damage means actual and/or physical damage to tangible property;