Losses Ledger definition

Losses Ledger means the ledger of such name created and maintained by the Cash Manager in the name of the Mortgages Trustee pursuant to the Cash Management Agreement to record the Losses on the Mortgage Portfolio;
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Losses Ledger means the ledger of such name maintained by the Cash Manager pursuant to the Cash Management Agreement to record the Losses;
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Losses Ledger means the ledger of such name maintained by the Cash Manager pursuant to the Cash Management Agreement to record the Losses; LTV ratio or loan-to-value ratio means the ratio (expressed as a percentage) of the outstanding balance of a Loan to the value of the Mortgaged Property securing that Loan;
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Examples of Losses Ledger in a sentence

  • The Cash Manager shall ensure that all Losses shall be recorded in the Losses Ledger.

  • The Cash Manager shall ensure that all Losses (including any Funding 1 Loan Losses) are recorded in the Losses Ledger.


More Definitions of Losses Ledger

Losses Ledger means the ledger of such name created and maintained by the Trust Property Cash Manager in the name of the Mortgages Trustee pursuant to the Trust Property Cash Management Agreement to record the Losses on the Mortgage Portfolio.
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Related to Losses Ledger

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.