LIQUIDATED LOANS definition

LIQUIDATED LOANS means Covered Loans that, per information reported by the servicer or master servicer as of January 31, 2017 are not Non-Liquidated Loans, and for which an RMBS Claim was submitted under the Protocol and, as of January 31, 2017, had not been withdrawn.
Sample 1Sample 2Sample 3
LIQUIDATED LOANS. Principal Interest Liquidation Proceeds 0.00 0.00 Write-Offs 0.00 0.00 Net Losses 0.00 0.00
Sample 1Sample 2Sample 3
LIQUIDATED LOANS. Pincipal Interest Liquidated Proceeds 0.00 0.00 Write-Offs 0.00 0.00 Net Losses 0.00 RESERVE ACCOUNT Beginning Balance 11,250,000.00 Current Deposits 0.00 Current Earnings 6,247.95 Withdraw of Excess Reserve Account Amount to Residual Holder 6,247.95 Ending Balance 11,250,000.00 CAPITALIZED INTEREST: Beginning Balance: 1,478,978.66 Cap Interest Acct Requirement (Projected Interest Shortfall 513,494.35 Less Amount to be released to Residual Interest 720,496.45 Holder on Oct. 21 pursuant to Section 5.04(d) Less Amount to be distributed to Note Distribution 269,960.16 Account on Oct. 21 required by Section 5.04(a) Plus Account Earnings posted in Due Period 209.76 Prefunding Account Earnings posted in Due Period 24,762.54 Ending Balance on Distribution Date 513,494.35 PREFUNDING ACCOUNT: Beginning Balance 85,179,187.64 Less Draw for First funding 40,591,963.03 Less Amount to be distributed to Note Distribution 0.00 Account required by Section 5.03(c) Less Amount to be distributed to Certificate Distribution 0.00 Account required by Section 5.03(c) Ending Balance 44,587,224.61
Sample 1

More Definitions of LIQUIDATED LOANS

LIQUIDATED LOANS. Principal Interest Liquidation Proceeds 0.00 0.00 Write-Offs 0.00 0.00 Net Losses 0.00 0.00 * Assumes entire prefunded account is used to purchase home loans BACKUP CALCULATIONS: DEPOSIT TO NOTE DISTRIBUTION ACCOUNT: Principal and Interest 10,037,275.79 Cap Interest Release 3.04 Guaranteed Payment 0.00 Reserve Account Withdrawals 0.00 Prefunding Account Deposit 0.00 Collection Account Withdrawals/Collection Account Earnings 24,403.10 Total Deposits 10,061,681.93 Note Distribution Account earnings 2,781.52 Note Distribution Account balance 10,064,463.45 WITHDRAWS FROM NOTE DISTRIBUTION ACCOUNT: To The Note Distribution Account for Disbursement on Distribution Date Pursuant to Sections 5.01(c) paragraphs (i) to (iv) Remaining Balance ----------------- Servicing Fee 370,449.51 9,694,013.94 Guaranty Insurance Premium 140,667.82 9,553,346.12 Indenture Trustee Fee 1,975.73 9,551,370.39 Owner Trustee Fee 0.00 9,551,370.39 Custodian Fee 5,927.19 9,545,443.20 Noteholders Interest Distributable Amount 2,982,884.39 6,562,558.81 Regular Principal Distributable Amount 3,440,003.26 3,122,555.55 Excess Spread to Class A-1 note as a part of the 2,872,663.88 249,891.67 Noteholders Monthly Principal distributable Amount To the Certificate Distribution Account for Disbursement pursuant to section 5.06 on the distribution date. Certificateholder Interest Distributable Amount 249,891.67 0.00 Certificateholder Principal Distributable Amount 0.00 0.00 Securities Insurer Reimbursement Amount 0.00 0.00 OverCollateralization Reduction Amount 0.00 0.00 Reimbursed Servicing Advances 0.00 0.00 RESERVE ACCOUNT: Beginning balance 20,999,951.52 Current deposits 0.00 Current earnings 90,090.66 Withdraw of excess reserve account amount to residual interest holders 90,090.66 Ending balance 20,999,951.52 CAPITALIZED INTEREST: Beginning balance: 0.00 Capitalized interest acct requirement (projected interest shortfall) 0.00 Less amount to be released to residual interest 3.04 Holder on March 10 pursuant to section 5.04(d) Less amount to be distributed to note distribution 0.00 Account on March 6 required by section 5.04(a) Plus Account earnings in due period 2.24 Prefunding account earnings posted in due period 0.80 Ending balance on distribution date 0.00 PREFUNDING ACCOUNT: Beginning balance 0.00 Less draw for first funding 0.00 Less amount to be distributed to note distribution 0.00 Account required by section 5.03 (c) Less amount to be distributed to certificate distribution 0.00 Account r...
Sample 1
LIQUIDATED LOANS. Principal Interest Liquidation Proceeds 0.00 0.00 Write-Offs 24.43 0.00 Net Losses 24.43 0.00 *Assumes entire prefunded account is used to purchase home loans
Sample 1
LIQUIDATED LOANS. Fixed Rate Loans Number _______________ (a) Aggregate unpaid principal balance _______________ (b) REO (unpaid principal balance) _______________
Sample 1
LIQUIDATED LOANS. (Liquidated and Paid Off loans) Termination Type A Type of liquidation. See Enumerations Text worksheet. Balance at A Actual Principal balance at time of Number Termination termination.
Sample 1

Related to LIQUIDATED LOANS

  • Liquidated Loan A Mortgage Loan with respect to which the related Mortgaged Property has been acquired, liquidated or foreclosed and with respect to which the applicable Servicer determines that all Liquidation Proceeds which it expects to recover have been recovered.

  • Liquidated Loan Loss With respect to any Distribution Date, the aggregate of the amount of losses with respect to each Mortgage Loan which became a Liquidated Loan during the Applicable Unscheduled Principal Receipt Period with respect to Full Unscheduled Principal Receipts for such Distribution Date, equal to the excess of (i) the unpaid principal balance of each such Liquidated Loan, plus accrued interest thereon in accordance with the amortization schedule at the time applicable thereto at the applicable Net Mortgage Interest Rate from the Due Date as to which interest was last paid with respect thereto through the last day of the month preceding the month in which such Distribution Date occurs, over (ii) Net Liquidation Proceeds with respect to such Liquidated Loan.

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Allocated Loan Amount means, for an Individual Property, the amount set forth on Schedule II attached hereto.

  • Designated loan means a loan se- cured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the Act.

  • Liquidated Lease means a Defaulted Lease that is terminated and charged off by the Servicer prior to its Maturity Date.

  • Delinquent Loans means loans where the borrowers have failed to make scheduled mortgage payments under the terms of the mortgage and where the cumulative amount of mortgage payments missed exceeds the scheduled payments due in a three-month period.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Related Loan means any loan or extension of credit to an Obligor of a Shared-Loss Loan held by the Assuming Institution at any time on or prior to the end of the Final Shared-Loss Month.

  • Related Loan Group For Group 1, Loan Group 1; for Group 2, Loan Group 2; for Group 3, Loan Group 3; and for Group 4, Loan Group 4.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Syndicated Loans means Base Rate Loans or Euro-Dollar Loans made pursuant to the terms and conditions set forth in Section 2.01.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Loan or Loans means, as the context may require, Revolving Loans and/or Swing Line Loans.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Liquidated Mortgage Loan With respect to any Distribution Date, a defaulted Mortgage Loan (including any REO Property) which was liquidated in the calendar month preceding the month of such Distribution Date and as to which the Master Servicer has determined (in accordance with this Agreement) that it has received all amounts it expects to receive in connection with the liquidation of such Mortgage Loan, including the final disposition of an REO Property.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Permitted Loans means: