Loss Value Payment definition

Loss Value Payment. A Cash payment made to the Issuer by the Seller in connection with a breach of representation or warranty with respect to any Loan Obligation pursuant to the Loan Obligation Purchase Agreement in an amount that the Loan Obligation Manager on behalf of the Issuer, subject to the consent of a majority of the holders of each Class of Notes (excluding any Note held by any Seller or any of their respective affiliates), determines is sufficient to compensate the Issuer for such breach of representation or warranty, which Loss Value Payment will be deemed to cure sure breach of representation or warranty.
Loss Value Payment. As defined in Section 4(e).
Loss Value Payment. The meaning specified in Section 12.2 hereof.

Examples of Loss Value Payment in a sentence

  • Corporate Obligee shall apply, and there shall become due and payable on the Casualty Loss Value Payment Date for such Item, the Equity Component with respect to such Item of Equipment and all accrued and unpaid amounts set forth in Section 25.1(c) of the Equipment Agreement.

  • In the event an Item of Equipment shall suffer an Event of Loss, then on the Casualty Loss Value Payment Date for such Item, Corporate Obligee and Trust Obligee shall prepay and apply, and there shall become due and payable on the Casualty Loss Value Payment Date for such Item, a principal amount of the A Loans and B Loans, pro rata, equal to the Unamortized Debt Balance with respect to such Item of Equipment and all accrued and unpaid interest thereon.

  • Subject to the other Operative Documents, each Certificate Holder shall be entitled to receive on the Casualty Loss Value Payment Date of an Item of Equipment or on the date an Item of Equipment is sold by Trustee, its Pro Rata Share of the Equity Component of such Item of Equipment and on the Termination Date of an Item of Equipment its Pro Rata Share of any Deficiency then due under the Lease Agreement net of any amounts due the Lenders.

  • We note your disclosure on page 244 that the repurchase, substitution, or payment of a Loss Value Payment obligations will constitute the sole remedy available to the Certificateholders and the trustee under the PSA for any uncured breach of representations and warranties.

  • The amount of the Partial Loss Value Payment shall equal the amount of the reduction in such Fair Market Sales Value of Buyer’s Transponders as a result of the actual operation and maintenance (but excluding the estimated fuel remaining on the Satellite) and such taking by a Governmental Body, determined as of the Redelivery date, for the avoidance of doubt excluding any component of the reduction in value that relates to a period prior to the Redelivery date.

  • Casualty Loss Value Payment Date: þ The rent payment date next preceding or coincident with the date of loss (if rent is paid in advance); or o The rent payment date next following the date of loss (if rent is paid in arrears).

  • The Lessee SLV Factor for each Stipulated Loss Value Date equals the sum of the products, for each Owner Participant, of the Owner Participant's Percentage Interest of such Owner Participant and the Owner Participant's SLV Amount Percentage for such Stipulated Loss Value Payment Date.

  • In the event an Item of Equipment shall suffer an Event of Loss, then on the Casualty Payment Loss Value Date for such Item Obligee shall prepay and apply, and there shall become due and payable on the Casualty Loss Value Payment Date for such Item, a principal amount of the Loan equal to the Unamortized Debt Balance with respect to such Item of Equipment and all accrued and unpaid interest thereon.

  • Lessee shall pay to Lessor the Partial Loss Value Payment upon the later of the Redelivery date or five (5) days after the Partial Loss Value Payment amount is determined in accordance with the Appraisal Procedure (which procedure shall commence not later than one-hundred-twenty (120) days prior to Redelivery if a payment is reasonably expected to be made under this paragraph or as soon thereafter as is reasonably possible).


More Definitions of Loss Value Payment

Loss Value Payment. A Cash payment made to the Issuer by the Seller in connection with a Material Breach of a representation or warranty with respect to any Mortgage Asset pursuant to the Mortgage Asset Purchase Agreement in an amount that the Collateral Manager on behalf of the Issuer, subject to the consent of a majority by principal amount of (i) the holders of the Class A Loans and (ii) each Class of Notes (excluding any Note held by the Seller or any of its Affiliates), determines is sufficient to compensate the Issuer for such Material Breach of representation or warranty, which Loss Value Payment will be deemed to cure such Material Breach.
Loss Value Payment means a cash payment made to the Issuer by the Seller in connection with a breach of representation or warranty with respect to any Mortgage Loan pursuant to the Seller Purchase and Sale Agreement in an amount that the Servicer on behalf of the Issuer or the Intermediate Trust, subject to the consent of the Majority Holders of each Class of Notes (excluding any Note held by the Seller or any of its affiliates), determines is sufficient to compensate the Issuer or the Intermediate Trust for such breach of representation or warranty, which Loss Value Payment will be deemed to cure such breach of representation or warranty.USActive 37579766.24
Loss Value Payment. A cash payment made to the Issuer by the Seller in connection with a breach of representation or warranty with respect to any Collateral Interest pursuant to the Collateral Interest Purchase Agreement in an amount that the Master Servicer, on behalf of the Issuer, subject to the consent of the Controlling Class Representative, determines is sufficient to compensate the Issuer for such breach of representation or warranty, which Loss Value Payment will be deemed to cure sure breach of representation or warranty.
Loss Value Payment. The meaning set forth in the Mortgage Asset Purchase Agreement.

Related to Loss Value Payment

  • Loss of Value Payment As defined in Section 2.03(a) of this Agreement.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of the Sublease.

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Repurchase Payment for any Repurchased Receivable as of the last day of any Collection Period, means the sum of the Principal Balance thereof as of the beginning of such Collection Period plus interest accrued thereon through the due date for the Obligor’s payment in such Collection Period at the related APR, after giving effect to the receipt of monies collected on such Repurchased Receivable, if any, during such Collection Period.

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • PRE-PAYMENT The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $ for the term starting on and ending on . The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Assumed Monthly Payment With respect to (a) any Mortgage Loan that is a Balloon Mortgage Loan delinquent in respect of its Balloon Payment beyond the Determination Date immediately following its scheduled maturity date (as such date may be extended in connection with a bankruptcy, insolvency or similar proceeding involving the related Borrower or by reason of a modification, waiver or amendment granted or agreed to by the Master Servicer or the Special Servicer), for that scheduled maturity date and for each subsequent Due Date as of which such Mortgage Loan remains outstanding and part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due with respect to such Mortgage Loan on such Due Date equal to the amount (exclusive of Default Interest and any Post-ARD Additional Interest) that would have been due in respect thereof on such Due Date if such Mortgage Loan had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule (if any), in effect immediately prior to, and without regard to the occurrence of, such maturity date; and (b) any REO Mortgage Loan, for any Due Date as of which the related REO Property (or, in the case of any REO Mortgage Loan that is a successor to any Mortgage Loan in a Loan Combination, any interest in the related REO Property) remains part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Monthly Payment (or, in the case of a Balloon Mortgage Loan described in clause (a) of this definition, the Assumed Monthly Payment) that was due (or deemed due) with respect to the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan.

  • Payment Determination Date means, with respect to any Payment Date, one (1) Business Day immediately preceding such Payment Date.