Loss Allocation Amount definition

Loss Allocation Amount. With respect to any Payment Date, the amount payable by each of the Class B Grantor Trust Certificateholder and the Master Servicer for losses resulting from any investment of funds in the Master Servicer Collection Account required to be paid pursuant to the Servicing Agreement and the Grantor Trust Agreement on such Payment Date, which shall be the product of (i) the aggregate amount of any such losses and (ii) a fraction, the numerator of which is the number of days of investment income the Class B Grantor Trust Certificateholder or the Master Servicer, as applicable, are entitled to and the denominator of which is the total number of days of investment income for such Payment Date.

Loss Allocation Amount. With respect to any Payment Date, the amount payable by each of the Seller and the Master Servicer for losses resulting from any investment of funds in the Master Servicer Collection Account required to be paid pursuant to the Servicing Agreement on such Payment Date, which shall be the product of (i) the aggregate amount of any such losses and (ii) a fraction, the numerator of which is the number of days of investment income the Seller or the Master Servicer, as applicable, are entitled to and the denominator of which is the total number of days of investment income for such Payment Date.

Loss Allocation Amount means, with respect to any Loss Allocation Partner, the maximum amount that such Partner agrees to contribute to the Partnership.

Examples of Loss Allocation Amount in a sentence

• As among any Class, such Realized Loss Allocation Amount shall be applied, pro rata, among all Certificates of such class in proportion to their respective Certificate Principal Balances with no preference or priority of any kind.

• On each Distribution Date, the Realized Loss Allocation Amount for each Exchange and Exchangeable Class shall be applied to such Class in reduction of the balances thereof.

• On each Distribution Date, the Realized Loss Allocation Amount for each Class shall be applied to such Class.

• On each Distribution Date, the Realized Loss Allocation Amount for each Exchange Class shall be applied to such Class.

• On each Distribution Date, the Realized Loss Allocation Amount for each Class Complex shall be applied pro rata, based on Class Principal Balance, among the Exchangeable Certificates in such Class Complex, other than the Interest Only Exchangeable Classes, in reduction of their respective Class Principal Balances.

• As among any Outstanding Exchange Certificates, such Realized Loss Allocation Amount shall be applied to each Certificates of such Class, pro rata, in proportion to the principal balance of each such Class.

• On each Distribution Date, the Realized Loss Allocation Amount for each Class shall be applied to such Class in reduction of its Class Principal Amount.

• On each Distribution Date, the Realized Loss Allocation Amount for each Exchangeable REMIC Certificate shall be applied to such Class in reduction of its Class Principal Balance.

• On each Distribution Date, the Realized Loss Allocation Amount for each Exchangeable REMIC Certificate and for each Exchangeable Certificate that is not in a Class Complex shall be applied to such Class in reduction of its Class Principal Balance.

• On each Distribution Date, the Realized Loss Allocation Amount for each Class shall be applied to such Class in reduction of its Class Principal Balance.

More Definitions of Loss Allocation Amount

Loss Allocation Amount. The term "Loss Allocation Amount" shall mean (i) in the case of a Member that has a positive balance in its Adjusted Capital Account, an amount equal to the sum of (x) the positive balance in such Member's Adjusted Capital Account, (y) such Member's share of Minimum Gain on Nonrecourse Liability, and (z) such Member's share of Minimum Gain on Member Nonrecourse Debt, or (ii) in the case of a Member that has a negative balance in its Adjusted Capital Account that does not exceed the sum of such Member's share of Minimum Gain on Nonrecourse Liability and such Member's share of Minimum Gain on Member Nonrecourse Debt, an amount equal to the excess of (x) the sum of such Member's share of Minimum Gain on Nonrecourse Liability and such Member's share of Minimum Gain on Member Nonrecourse Debt, over (y) the balance of such Member's Adjusted Capital Account (treated as a positive number).

Loss Allocation Amount. With respect to any Distribution Date after the Senior Credit Support Depletion Date for Group 1, the lesser of (a) the Class Certificate Balance of the Class 1-A-11 Certificates with respect to such Distribution Date prior to any reduction for the Class 1-A-11 Loss Allocation Amount and (b) the Class 1-A Loss Amount with respect to such Distribution Date.

Loss Allocation Amount means (i) in the case of a Partner who has a positive balance in its, his or her Adjusted Capital Account, an amount equal to the sum of (x) the positive balance in the Partner's Adjusted Capital Account, (y) the Partner's share of Minimum Gain on Nonrecourse Liability, and (z) the Partner's share of Minimum Gain on Partner Nonrecourse Debt, or (ii) in the case of a Partner who has a negative balance in its, his or her Adjusted Capital Account which does not exceed the sum of the Partner's share of Minimum Gain on Nonrecourse Liability and the Partner's share of Minimum Gain on Partner Nonrecourse Debt, an amount equal to the excess of (x) the sum of the Partner's share of Minimum Gain on Nonrecourse Liability and the Partner's share of Minimum Gain on Partner Nonrecourse Debt, over (y) the balance of the Partner's Adjusted Capital Account (treated as a positive number).