MONTH ENDED [input report month] Losses Loss Loan No. Loss Type Amount Loss Amount is the amount of Loss incurred and reported on the loan in a Loss Month is the reporting month in which the Loss was reported. TOTAL XX A Recoveries Recovery Loss Loss Loan No. Amount Amount Month TOTAL XX B Net Losses (Recoveries) XX C = A - B If Col. D minus Col. E is less than zero, enter zero. PART 2 - FIRST LOSS TEST Col. D Col. E Col. D - Col. E Cumulative Loss Amount First Loss Tranche Cumulative Shared-Loss Amount Balance, beginning of month XX XX XX F Current month Net Losses (from Part 1) XX Balance, end of month XX XX XX G Shared Loss Amount XX G - F Times Loss Share percentage 80% Amount due from (to) FDIC as Receiver XX Pursuant to Section 2.1 of the Single Family Shared-Loss Agreement, the undersigned hereby certifies the information on this Certificate is true, complete and correct.
Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.
Most Recent Fiscal Month End has the meaning set forth in Section 4(g) below.
Twelve-Month Period means a twelve-month period ending on the first anniversary of the Effective Date or on each subsequent anniversary thereof.
Prior Period With respect to any Distribution Date, the calendar month immediately preceding such Distribution Date.
12-Month Period means a rolling 12-month period measured backward from the date leave is taken and continuous with each additional leave day taken.
Fiscal Month means any of the monthly accounting periods of Borrower.
Four Quarter Period has the meaning set forth in the definition of “Consolidated Fixed Charge Coverage Ratio.”
Delivery Month means each month specified as such by the Exchange pursuant to
Calendar Month means any of the twelve (12) months of the Calendar Year.
Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.
Most Recent Fiscal Year End has the meaning set forth in Section 4(g) below.
Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.
Current year means the financial year, which has already commenced, but not yet ended;
Final Shared-Loss Recovery Month means the calendar month in which the tenth anniversary of the Commencement Date occurs.
Reference Balance Sheet Date is defined in Section 3.5.
Model Year means the CI engine manufacturer’s annual production period, which includes January 1st of a calendar year, or if the manufacturer has no annual production period, the calendar year.
Current Fiscal Year means the fiscal year for which a particular calculation is made.
Prior Year means the year commencing 1 April immediately prior to the relevant Charging Year;
Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.
Previous year means the year preceding the current year;
Statement Date means each date designated as such in the Series Term Sheet.
Agreement Year means each twelve (12) month period of the term of this Agreement beginning on the first day of the calendar year except for the “First Agreement Year” which shall mean the period commencing on the Effective Date and ending on December 31, 2003.
Fiscal Year End means December 31 of each calendar year.