Loss Allocation Limitation definition

Loss Allocation Limitation. As defined in Section 4.4(g).

Loss Allocation Limitation. The meaning specified in Section 6.02(c) hereof.

Loss Allocation Limitation. The meaning specified in Section 6.02 hereof.

Examples of Loss Allocation Limitation in a sentence

• The Group 1 Loss Allocation Limitation, the Group 2 Loss Allocation Limitation or the Group 3 Loss Allocation Limitation, as applicable.

• The limitation described in clauses (i) and (ii) above is referred to herein as the "Loss Allocation Limitation".

• As of any Distribution Date from the first anniversary of the Cut-off Date and prior to the fifth anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will equal $6,268,858 minus the aggregate amount of Fraud Losses that would have been allocated to the Subordinated Certificates in the absence of the Loss Allocation Limitation since the Cut-off Date.

• As of any Payment Date, the Special Hazard Loss Amount for each Mortgage Loan Group will equal the initial Special Hazard Loss Amount for such Mortgage Loan Group minus the sum of (i) the aggregate amount of Special Hazard Losses that would have been previously allocated to the Subordinate Bonds of the related Bond Group in the absence of the Loss Allocation Limitation and (ii) the Adjustment Amount for such Mortgage Loan Group.

More Definitions of Loss Allocation Limitation

Loss Allocation Limitation. The Group I Loss Allocation Limitation or Group II Loss Allocation Limitation, as applicable.

Loss Allocation Limitation. As defined in Section 3.24(c) of the Indenture.

Loss Allocation Limitation. As defined in Section 5.03(b).

Loss Allocation Limitation. The limitation on reduction of the Certificate Principal Balance of any Class of Group I-II Senior Certificates and Subordinate Certificates on any Distribution Date on account of any Realized Loss incurred on a Group I-II Mortgage Loan to the extent that the reduction would have the effect of reducing the aggregate Certificate Principal Balance of all of the Group I-II Senior Certificates and Subordinate Certificates as of that Distribution Date to an amount less than the aggregate principal balance of the Group I-II Mortgage Loans as of the following Distribution Date, less any Deficient Valuations occurring before the Bankruptcy Loss Coverage Amount has been reduced to zero.

Loss Allocation Limitation. As defined in the Series Supplement.

Loss Allocation Limitation. Means the limitation on reduction of the Certificate Principal Balance of any class of Group I Certificates on any Distribution Date on account of any Group I Realized Loss to the extent that the reduction would have the effect of reducing the aggregate Certificate Principal Balance of all of the Group I Certificates as of that Distribution Date to an amount less than the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the following Distribution Date, less any Deficient Valuations occurring before the Bankruptcy Loss Coverage Amount has been reduced to zero.

Loss Allocation Limitation. The meaning specified in Section 5.05(b) hereof. LPMI FEE: The fee payable to the insurer for each Mortgage Loan subject to an LPMI Policy as set forth in such LPMI Policy. LPMI POLICY: A policy of mortgage guaranty insurance issued by an insurer meeting the requirements of Fannie Mae and Fredxxx Xxc xx whicx xxx Xaster Servicer or the related subservicer of the related Mortgage Loan is responsible for the payment of the LPMI Fee thereunder from collections on the related Mortgage Loan. MAJORITY CLASS CE CERTIFICATEHOLDER: The Holder of a 50.01% or greater Percentage Interest in the Class CE Certificates.