Principal Recovery Amount definition

Principal Recovery Amount. With respect to each Payment Date, the sum of: (a) the aggregate amount of Credit Event Net Losses for all Reversed Credit Event Reference Obligations for the related Reporting Period; (b) subsequent recoveries on any Reference Obligation that became a Credit Event Reference Obligation on a prior Payment Date; (c) the aggregate amount of the Credit Event Net Gains of all Credit Event Reference Obligations for the related Reporting Period; (d) the Origination Rep and Warranty/Servicing Breach Settlement Amount for such Payment Date; and (e) the Projected Recovery Amount.
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Principal Recovery Amount means, with respect to any Payment Date, the sum of:
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Principal Recovery Amount means, with respect to any Payment Date and Loan Group, the sum of:
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Examples of Principal Recovery Amount in a sentence

  • 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.

  • On the CAA Termination Date, the Projected Recovery Amount will be included in the calculation of the Principal Recovery Amount.

  • On the Termination Date, the Projected Recovery Amount will be included in the calculation of the Principal Recovery Amount.

  • On the Termination Date for a Group of Notes, the related Projected Recovery Amount will be included in the calculation of the related Principal Recovery Amount.

  • On the Termination Date for a Group, the Projected Recovery Amount for each Reference Pool in such Group will be included in the calculation of the Principal Recovery Amount for each such Reference Pool.


More Definitions of Principal Recovery Amount

Principal Recovery Amount means, with respect to any Payment Date and each Reference Pool, the sum of:
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Related to Principal Recovery Amount

  • Projected Recovery Amount means, as of the Termination Date, the aggregate amount of subsequent recoveries, net of expenses and credits, projected to be received on the Reference Pool, calculated based on a formula to be derived by Fannie Mae from the actual net recovery experience for the Reference Pool during the 30-month period immediately preceding the Termination Date, plus any additional amount determined by Fannie Mae in its sole discretion to be appropriate for purposes of the foregoing projection in light of then-current market conditions. Information regarding the formula and results of the related calculations will be provided to Holders through Payment Date statements in advance of the Termination Date. In the absence of manifest error, Fannie Mae's determination of the Projected Recovery Amount will be final.

  • Recovery Amount means, with respect to any period prior to the Termination Date, the amount of collected funds received by the Assuming Institution that (i) are applicable against a Foreclosure Loss calculated in accordance with Exhibits 2c(1)-(3), or (iii) gains realized from a Section 4.1 sale of Single Family Shared-Loss Loans for which the Assuming Institution has previously received a Restructuring Loss payment from the Receiver (iv) or any incentive payments from national programs paid to an investor or borrower on loans that have been modified or otherwise treated (short sale or foreclosure) in accordance with Exhibit 5.