Principal Losses definition

Principal Losses means the higher of: (A) in respect of the Lease Contracts which have become Contratti in perdita definitiva during a Settlement Period, the Outstanding Amount together with all penalty interest of such Contratti in perdita definitiva, calculated on the date when each such Lease Contract was qualified as Contratto in perdita definitiva; and (B) the amount necessary to make the sum of (I.) the Outstanding Principal of: (X) the Collateral Portfolio (as indicated in the Servicer Report prepared by the Servicer on the Reporting Date immediately preceding the relevant Offer Date); and (Y) the Subsequent Portfolio in relation to which an Offer to Sell has been sent by the Originator to the Issuer on the Offer Date immediately preceding the relevant Payment Date and (II.) the amounts that will be credited to the Transaction Account out of items (i)(A) and (ii)(A) of the Pre-Enforcement Principal Priority of Payments and the balance of the Debt Service Reserve Account after having made all payments due and payable on the relevant Payment Date, to be equal to the Principal Amount Outstanding of the Notes (after having made all payments of principal payable on the Rated Notes on such Payment Date).
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Principal Losses means the higher of: (A) in respect of the Lease Contracts which have become Contratti in perdita definitiva during a Settlement Period, the Outstanding Amount together with all penalty interest of such Contratti in perdita definitiva, calculated on the date when each such Lease Contract was qualified as Contratto in perdita definitiva; and (B) the amount necessary to make the sum of (I.) the Outstanding Principal of: (X) the Collateral Portfolio (as indicated in the Servicer
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Principal Losses means, with respect to any Due Period beginning after the 1995 Trust Termination Date, the sum of (i) the Dealer Note Losses and (ii) the aggregate amount of losses on the sale of Eligible Investments in the Excess Funding Account.
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Examples of Principal Losses in a sentence

  • Notwithstanding any other provision hereof, each Client acknowledges and agrees that any losses of principal from investing and reinvesting cash Collateral in accordance with the provisions hereof (collectively, "Principal Losses") shall be at the Affected Fund's risk and for the Affected Fund's account.

  • All amounts allocable to Note B pursuant to Section 3 or Section 4, including any Appraisal Reduction Amounts and Realized Principal Losses, shall be applied by the Servicer to Note B-1, Note B-2 and Note B-3 on a Pro Rata and Pari Passu Basis.

  • All amounts allocable to the Subordinate Notes or the Note B Holders pursuant to Section 3 or Section 4, including any Appraisal Reductions and Realized Principal Losses, shall be applied by the Servicer to each Note B or Note B Holder, as applicable, on a pro rata and pari passu basis.

  • All amounts allocable to the Senior Notes or the Note A Holders pursuant to Section 3 or Section 4, including any Appraisal Reductions and Realized Principal Losses, shall be applied by the Servicer to each Note A or Note A Holder, as applicable, on a pro rata and pari passu basis.

  • Client agrees to pay or cause Lender to pay to Bank on demand cash in an amount equal to the Cash Collateral Principal Losses; provided, that if Lender fails to pay Cash Collateral Principal Losses, Bank is authorized to obtain and setoff such amounts directly from the Account, the Collateral Account, and Approved Investments except to the extent prohibited by applicable law.

  • After such notice is given or received by Bank and subject to satisfaction of Lender’s obligations under paragraph [8(b)], Bank shall not make any further Loans and shall promptly take all reasonable actions to terminate Loans then outstanding in accordance with the provisions of this Agreement; provided that Client has fully paid Bank for all Cash Collateral Principal Losses.

  • All amounts allocable to Note A pursuant to Section 3 or Section 4, including any Appraisal Reduction Amounts and Realized Principal Losses, shall be applied by the Servicer to Note ▇-▇, ▇▇▇▇ ▇-▇, ▇▇▇▇ ▇-▇, Note ▇-▇, ▇▇▇▇ ▇-▇, ▇▇▇▇ ▇-▇, Note A-7, Note A-8 and Note A-9 on a Pro Rata and Pari Passu Basis.

  • All amounts allocable to Note B pursuant to Section 3 or Section 4, including any Appraisal Reduction Amounts and Realized Principal Losses, shall be applied by the Servicer to Note B-1, Note B-2, Note B-3, Note B-4, Note B-5 and Note B-6 on a Pro Rata and Pari Passu Basis.

  • All amounts allocable to Note A pursuant to Section 3 or Section 4, including any Appraisal Reduction Amounts and Realized Principal Losses, shall be applied by the Servicer to Note ▇-▇, ▇▇▇▇ ▇-▇, Note A-3-1, Note A-3-2 and Note A-4 on a Pro Rata and Pari Passu Basis.

  • All amounts allocable to Note A pursuant to Section 3 or Section 4, including any Appraisal Reduction Amounts and Realized Principal Losses, shall be applied by the Servicer to Note A-▇, ▇▇▇▇ ▇-▇, Note A-3, Note A-4 and Note A-5 on a Pro Rata and Pari Passu Basis.


More Definitions of Principal Losses

Principal Losses has the meaning set forth in Section 1.2.5 of this Agreement.
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Principal Losses means any losses arising in relation to a Mortgage Loan (including any Set-Off Losses);
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Principal Losses has the meaning ascribed to it in 8.03(a).
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Principal Losses means any losses arising in relation to a Mortgage Loan (including any set-off losses);
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Related to Principal Losses

  • REMIC I Principal Loss Allocation Amount With respect to any Distribution Date, an amount equal to the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTA5, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9 and REMIC I Regular Interest I-LTM10 and the denominator of which is the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10 and REMIC I Regular Interest I-LTZZ.

  • REMIC 2 Principal Loss Allocation Amount With respect to any Distribution Date and the mortgage loans, an amount equal to (a) the product of (i) the Aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate of the Uncertificated Principal Balances of REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest M-7, REMIC 2 Regular Interest M-8 and REMIC 2 Regular Interest B, and the denominator of which is the aggregate of the Uncertificated Principal Balances of REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ.

  • Electrical Losses means all electrical losses associated with the transmission of Product to the Delivery Point, including if applicable, but not limited to, any transmission or transformation losses between the CAISO revenue meter and the Delivery Point.

  • REMIC II Principal Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate of the Uncertificated Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10, REMIC II Regular Interest M-11 and the denominator of which is the aggregate of the Uncertificated Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10, REMIC II Regular Interest M-11 and REMIC II Regular Interest ZZ.

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).