Haircut Amount definition

Haircut Amount means, with respect to any Item of Eligible Collateral, the product of (x) the Market Value thereof multiplied by (y) the Haircut Percentage applicable thereto.
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Haircut Amount means the excess of the outstanding principal balance of the Purchased Mortgage Loan being purchased on the Purchase Date over the Purchase Price for such Purchased Mortgage Loan.
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Haircut Amount means, with respect to an Eligible Mortgage Loan proposed for a Transaction hereunder, the difference, if any, between (a) the amount required by the related warehouse lender to release its security interest therein less (b) the related Purchase Price.
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Examples of Haircut Amount in a sentence

  • Subject to Buyer’s verification of necessary cleared funds in the Haircut Account, Buyer shall remit to the Settlement Agent the full amount of the outstanding principal balance of such Purchased Mortgage Loan and shall withdraw and retain from the Haircut Account, the Haircut Amount.

  • Such Eligible Collateral Schedule shall, at a minimum, include (i) the CUSIP or other unique identifying number of each Item of Eligible Collateral, (ii) a description thereof, (iii) the principal amount thereof, (iv) the Haircut Amount applicable thereto as of such Business Day and (v) the Collateral Value applicable thereto as of such Business Day.

  • Upon purchase by Buyer of the related Purchased Mortgage Loan, Buyer shall withdraw the Haircut Amount to reimburse itself for the difference between the actual amount remitted by Buyer on the Purchase Date on account of the Purchased Mortgage Loan and the Purchase Price for such Purchased Mortgage Loan.

  • In connection with entering into such Transaction, the Seller shall remit to Buyer or its designated agent the applicable Haircut Amount and Buyer shall send, or cause to be sent, the Purchase Price and Haircut Amount to the applicable warehouse lender as directed by Seller.

  • In connection with entering into such Transaction, the Seller shall remit to Buyer or its designated agent the applicable Haircut Amount and Buyer shall send, or cause to be sent, the Purchase Price and Haircut Amount to the Closing Agent as directed by Seller.


More Definitions of Haircut Amount

Haircut Amount has the meaning specified in the Custodial and Disbursement Agreement.
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Haircut Amount means, with respect to any Eligible Asset to be purchased by the Buyer pursuant to a Direct Disbursement Transaction hereunder, the shortfall between (x) the origination proceeds or acquisition price of such Eligible Asset requested to be disbursed to the related Settlement Party and (y) the Purchase Price to be paid by Buyer.
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Haircut Amount has the definition set forth in Exhibit D (Investment Guidelines).
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Haircut Amount means the excess of the amount the relevant Seller is required to deliver to the Settlement Agent with respect to the Purchased Mortgage Loan being purchased on the Purchase Date over the Purchase Price to be paid by Buyer to the relevant Seller for such Purchased Mortgage Loan.
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Haircut Amount means, solely for purposes of calculating the Net Outstanding Portfolio Collateral Balance in connection with a determination of the AAA/Aaa Coverage Ratio, if a Moody’s Rating, Standard & Poor’s Rating or Fitch Rating (provided that, for the avoidance of doubt, such haircuts referencing Fitch are not the requirements of Fitch) set forth in the table below is applicable to a Collateral Debt Security, then the Principal Balance of such Collateral Debt Security (without giving effect to any other discount to par by operation of the definition of “Principal Balance”) shall be discounted by multiplying the outstanding principal amount of such Collateral Debt Security by the “Discount Percentage” opposite the lower of the Moody’s Rating, Standard & Poor’s Rating and Fitch Rating applicable to such Collateral Debt Security as set forth in the table below: Moody’s Rating Discount PercentageStandard & Poor’s Rating or Fitch Rating Discount PercentageBa1, Ba2, Ba3 90% BB+, BB, BB- 90% B1, B2, B3 80% B+, B, B- 70%Below B3 50% Below B- 50%
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Haircut Amount means, with respect to an Eligible Mortgage Loan proposed for a Transaction hereunder, the difference, if any, between
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Haircut Amount means, with respect to an Eligible Mortgage Loan proposed for a Transaction hereunder, the difference, if any, between (a) with respect to (i) a Wet-Ink Mortgage Loan, the amount required to be sent to the Closing Agent and
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