Principal Loss Amount definition

Principal Loss Amount. With respect to each Payment Date, the sum of: (a) the aggregate amount of Credit Event Net Losses for all Credit Event Reference Obligations for the related Reporting Period; (b) the aggregate amount of court-approved principal reductions (“cramdowns”) on the Reference Obligations in the related Reporting Period; (c) subsequent losses on any Reference Obligation that became a Credit Event Reference Obligation on a prior Payment Date; and (d) amounts included in the second, fourth, seventh, eighth and tenth priorities set forth in Section 3.03(f) hereof.
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Principal Loss Amount means, with respect to any Payment Date, the sum of:
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Principal Loss Amount means, with respect to any Payment Date and Loan Group, the sum of:
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Examples of Principal Loss Amount in a sentence

  • Improved mesh quality typically requires increased number of smaller elements, with adjacent elements having similar sizes, aspect ratio of elements should be close to 1, mesh should have low non-orthogonality and low skewness.

  • With respect to each Payment Date, a percentage equal to (i) the Principal Loss Amount for such Payment Date and all prior Payment Dates less the Principal Recovery Amount for such Payment Date and all prior Payment Dates; divided by (ii) the aggregate unpaid principal balance of the Reference Obligations in the Reference Pool as of the Cut-off Date.

  • Any amounts allocated to any of the Reference Tranches in the second, fourth, sixth, or eighth priority above will be included in the Principal Loss Amount for the related Payment Date.

  • Any amounts allocated to any of the Reference Tranches in the second, fifth, sixth, eighth, or tenth priority above will be included in the Principal Loss Amount for the related Payment Date.

  • On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount.

  • On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write- down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the Allocation of the Modification Loss Amount.

  • The Preliminary Principal Loss Amount for each Premium Payment Date will be computed prior to the allocation of the Modification Loss Amount and the Modification Gain Amount.

  • Any amounts allocated to any of the Reference Tranches in the second, fourth, seventh, eighth or tenth priority above will be included in the Principal Loss Amount for the related Payment Date.

  • Amount" means, for a Payment Date, an amount equal to the Tranche Write-down Amount computed using the Preliminary Principal Loss Amount instead of the Principal Loss Amount.

  • Amount" means, for a Payment Date, an amount equal to the Tranche Write-up Amount computed using the Preliminary Principal Loss Amount instead of the Principal Loss Amount.


More Definitions of Principal Loss Amount

Principal Loss Amount. The Class A-1 Principal Loss Amount, Class A-2 Principal Loss Amount, Class A-3 Principal Loss Amount or Class M Principal Loss Amount, as applicable.
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Principal Loss Amount means, with respect to any Payment Date and each Reference Pool, the sum of:
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Principal Loss Amount shall have the meaning given to such term in the Reference Financial Guarantee.
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Related to Principal Loss Amount

  • Loss Amount means the dollar amount of loss incurred and reported on the Monthly Certificate for a Shared-Loss Loan.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Preliminary Principal Loss Amount means, for a Payment Date, an amount equal to the Principal Loss Amount computed without giving effect to clause (d) of the definition of Principal Loss Amount.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.