Loss Utilization Amount definition
Loss Utilization Amount for a Loan Group and any Payment Date means the lesser of the overcollateralization shortfall for that Loan Group and the available overcollateralization amount for the other Loan Group. The overcollateralization shortfall for a Loan Group on a Payment Date is the excess of its related Note Principal Balance on that Payment Date (after giving effect to the payment of all amounts actually paid on that Notes on the Payment Date) over the aggregate Asset Balances of all Mortgage Loans in the Loan Group as of the last day of the related Collection Period and any amounts retained for the Loan Group in the Payment Ann-1-12 Account pursuant to ▇▇▇tion 8.03(e). The available overcollateralization amount for a Loan Group on a Payment Date is the excess of the aggregate Asset Balances of all Mortgage Loans in the Loan Group as of the last day of the related Collection Period and any amounts retained for the Loan Group in the Payment Account pursuant to Section 8.03(e) over its related Note Principal Balance on the Payment Date (after giving effect to the payment of all amounts actually paid on the Notes on the Payment Date), but not in excess of the related Required Transferor Subordinated Amount.
Loss Utilization Amount for a Loan Group and any Payment Date means the lesser of the overcollateralization shortfall for that Loan Group and the available overcollateralization amount for the other Loan Group. The overcollateralization shortfall for a Loan Group on a Payment Date is the excess of o its related Note Principal Balance on that Payment Date (after giving effect to the payment of all amounts actually paid on the Notes on the Payment Date from sources other than the Policy) over o the related Loan Group Balance as of the last day of the related Collection Period and any amounts retained for the Loan Group in the Payment Account pursuant to Section 8.03(e). The available overcollateralization amount for a Loan Group on a Payment Date is the excess of o the related Loan Group Balance as of the last day of the related Collection Period and any amounts retained for the Loan Group in the Payment Account pursuant to Section 8.03(e) over o its related Note Principal Balance on the Payment Date (after giving effect to the payment of all amounts actually paid on the Notes on the Payment Date from sources other than the Policy), but not in excess of the related Required Transferor Subordinated Amount.
Loss Utilization Amount for a Loan Group and any Payment Date means the lesser of the overcollateralization shortfall for that Loan Group and the available overcollateralization amount for the other Loan Group, where
More Definitions of Loss Utilization Amount
Loss Utilization Amount for a Loan Group and any Payment Date means the lesser of the overcollateralization shortfall for that Loan Group and the available overcollateralization amount for the other Loan Group. The overcollateralization shortfall for a Loan Group on a Payment Date is the excess of o the aggregate Note Principal Balance of the related Classes of Principal Amount Notes on that Payment Date (after giving effect to the payment of all amounts actually paid on the Notes on the Payment Date from sources other than the Policy) over o the related Loan Group Balance as of the last day of the related Collection Period and any amounts retained for the Loan Group in the Payment Account pursuant to Section 8.03(e) plus any funds in the Additional Loan Account for the Loan Group. The available overcollateralization amount for a Loan Group on a Payment Date is the excess of o the related Loan Group Balance as of the last day of the related Collection Period and any amounts retained for the Loan Group in the Payment Ann-1-15 Account pursuant ▇▇ Section 8.03(e) plus any funds in the Additional Loan Account for the Loan Group over o the aggregate Note Principal Balance of the related Classes of Principal Amount Notes on the Payment Date (after giving effect to the payment of all amounts actually paid on the Notes on the Payment Date from sources other than the Policy), but not in excess of the related Required Transferor Subordinated Amount.