Liquidation Losses definition
Liquidation Losses means, with respect to any Liquidated Loan, on any date, the amount by which (A) the sum of (i) the Principal Balance of such Loan, and (ii) accrued and unpaid interest thereon at the Applicable Rate, exceeds (B) the Net Liquidation Proceeds and Insurance Proceeds thereon, if any.
Examples of Liquidation Losses in a sentence
The aggregate Net Liquidation Losses for all Contracts since the Cutoff Date through the end of the related Due Period $ b.
The aggregate Net Liquidation Losses for all Contracts since the Cutoff Date through the end of the related Due Period $____________ b.
In order to induce Buyer to purchase the Loans, Guarantor hereby agrees to provide to the Buyer a Guaranty of Liquidation Losses with respect to each Loan, equal at any time to the then current Guaranty Amount for each such Loan.