Liquidation Loss Amount definition

Liquidation Loss Amount. With respect to any Payment Date and any Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period, the unrecovered portion of the Principal Balance of such Mortgage Loan and any unpaid accrued interest thereon at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of such Principal Balance.

Liquidation Loss Amount. With respect to any Payment Date and any Home Loan that became a Liquidated Home Loan during the related Collection Period, the unrecovered portion of the related Loan Balance thereof at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied to reduce the related Loan Balance. In addition, as to any Home Loan for which the principal balance has been reduced in connection with bankruptcy proceedings, the amount of the reduction will be treated as a Liquidation Loss Amount.

Liquidation Loss Amount for any Payment Date and any Mortgage Loan that becomes a Liquidated Mortgage Loan during the related Collection Period is the unrecovered Asset Balance of the Mortgage Loan at the end of the Collection Period after reducing the Asset Balance for the Net Liquidation Proceeds.

Examples of Liquidation Loss Amount in a sentence

• If the Master Servicer so elects, such amounts will be deemed to have been received (and any related Liquidation Loss Amount shall be deemed to have occurred) on the last day of the month prior to the receipt thereof.

• After such repurchase, the Servicer, if requested by such Residual Certificateholders and if offered suitable indemnification and reimbursement for expenses, is authorized to seek a deficiency judgment if permitted by law against the Mortgagor under such Liquidated Mortgage Loan on behalf of the Residual Certificateholders to the extent of any Liquidation Loss Amount.

• Liquidation Loss Liquidation Loss Amount 0.00 Loss Investor Cert.

• Such excess (the "Liquidation Loss Amount") shall be applied by the Indenture Trustee first, as a reduction of the Adjusted Note Balance with respect to the Class M-2 Notes and, then, if the Note Balance of the Class M-2 Notes is less than such Liquidation Loss Amount, a reduction of the Adjusted Note Balance of the Class M-1 Notes.

• Interest on the outstanding Class M-1 Liquidation Loss Amount, Class M-2 Liquidation Loss Amount, Class B-1 Liquidation Loss Amount, and Class B-2 Liquidation Loss Amount, as applicable, will accrue from the Settlement Date, or from the most recent Payment Date on which interest has been paid, to but excluding the following Payment Date.

More Definitions of Liquidation Loss Amount

Liquidation Loss Amount means, with respect to any Payment Date and any Liquidated Mortgage Loan, the unrecovered Principal Balance thereof at the end of the related Collection Period in which such Mortgage Loan became a Liquidated Mortgage Loan, after giving effect to the Liquidation Proceeds in connection therewith.

Liquidation Loss Amount means, with respect to any payment date and any liquidated mortgage loan, the unrecovered principal balance of the liquidated mortgage loan at the end of the related collection period in which the mortgage loan became a liquidated mortgage loan, after giving effect to the net liquidation proceeds for that mortgage loan.

Liquidation Loss Amount. With respect to any Distribution Date and ----------------------- any Mortgage Loan that becomes a Liquidated Mortgage Loan during the related Collection Period, the unrecovered Trust Balance thereof at the end of such Collection Period, after giving effect to the Net Trust Liquidation Proceeds applied in reduction of such Trust Balance in accordance with the related Loan Agreement and this Agreement.

Liquidation Loss Amount. With respect to any Payment Date and any Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period, the unrecovered portion of the Principal Balance of such Mortgage Loan and any unpaid accrued interest thereon at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of such Principal Balance. Liquidation Proceeds: Proceeds (including Insurance Proceeds but not including amounts drawn under the Policy) if any received in connection with the liquidation of any Mortgage Loan or related REO Property, whether through trustee's sale, foreclosure sale or otherwise.

Liquidation Loss Amount means with respect to any Liquidated Asset, the unrecovered Principal Balance thereof at the end of the related Due Period in which such Asset became liquidated after giving effect to the Net Liquidation Proceeds in connection therewith.

Liquidation Loss Amount means, with respect to any Distribution Date ----------------------- and any Mortgage Loan that becomes a Liquidated Mortgage Loan during the related Collection Period, the unrecovered Asset Balance thereof at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of such Asset Balance.

Liquidation Loss Amount. With respect to any Payment Date and any Mortgage Loan that became a Liquidated Mortgage Loan (excluding the Excluded Amount) during the related Collection Period, the unrecovered portion of the Principal Balance of such Mortgage Loan and any unpaid accrued interest thereon at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of such Principal Balance. Liquidation Proceeds: Proceeds (including Insurance Proceeds but not including amounts drawn under the Policy) if any received in connection with the liquidation of any Mortgage Loan or related REO Property, whether through trustee's sale, foreclosure sale or otherwise. Loan Agreement: With respect to each Mortgage Loan, the credit line agreement, pursuant to which the related Xxxxxxxxx agrees to pay the indebtedness evidenced thereby and secured by the related Mortgage as modified or amended.