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.
Projected Recovery Amount. The fair value of the estimated amount of subsequent recoveries, determined by Xxxxxxx Mac on the Termination Date, at its sole discretion, on the Credit Event Reference Obligations.
Projected Recovery Amount means the fair value of the estimated amount of future subsequent recoveries on the Credit Event Reference Obligations as determined solely by the Sponsor on the Termination Date (other than to the extent any such amount has been included in the calculation of any Modification Loss Amount). The Projected Recovery Amount will be included in the Principal Recovery Amount on the Termination Date.
Examples of Projected Recovery Amount in a sentence
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.
Prior to such Termination Date, information regarding the formula and results of the calculations related to such Projected Recovery Amount will be provided to Holders through Payment Date Statements.
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 Projected 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 Xxxxxx Xxx 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 Xxxxxx 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 (as defined in the Global Agency Agreement) in advance of the Termination Date. In the absence of manifest error, Xxxxxx Mae's determination of the Projected Recovery Amount will be final.
Projected Recovery Amount means the fair value of the estimated amount of future subsequent recoveries on the Early Termination Date, as determined by the Sponsor (which is the Insured), at its sole discretion, on the Credit Event Reference Obligations.
Projected Recovery Amount means, for the Recovery Election Date, if any, 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 Xxxxxx Xxx from the actual net recovery experience for the Reference Pool during a specified period of time preceding such Recovery Election Date, plus any additional amount determined by Xxxxxx 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 (as defined in the Global Agency Agreement) in advance of the Recovery Election Date, if any.
Projected Recovery Amount means, for either Group of Notes and the related Recovery Election Date, if any, the aggregate amount of subsequent net recoveries projected to be received on the related Loan Group, calculated based on a formula to be derived by Fannie Mae from the actual net recovery experience for that Loan Group during a specified period of time preceding such Recovery Election Date, plus any additional amount determined by Fannie Mae in its sole discretion to be appropriate for purposes of the projection in light of the then-current market conditions.
Projected Recovery Amount means, for the Notes and the Recovery Election Date, if any, the aggregate amount of subsequent recoveries, net of expenses and credits, projected to be received, calculated based on a formula to be derived by Fannie Mae from the actual net recovery experience during a specified period of time preceding the Recovery Election 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 Recovery Election Date, if any.
Projected Recovery Amount means, as of the Termination Date for either Group of Notes, the aggregate amount of subsequent recoveries, net of expenses and credits, projected to be received on the related Loan Group, calculated based on a formula to be derived by Xxxxxx Xxx from the actual net recovery experience for that Loan Group during the 30-month period immediately preceding such Termination Date, plus any additional amount determined by Xxxxxx 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 (as defined in the Global Agency Agreement) in advance of the Termination Date, if any. In the absence of manifest error, Xxxxxx Mae's determination of the Projected Recovery Amount shall be final.
Projected Recovery Amount means, as of the Termination Date, the aggregate amount of subsequent recoveries (including without limitation Loss Sharing Recoveries), net of expenses and credits, projected to be received, as calculated by Fannie Mae in its sole discretion to be appropriate for purposes of the foregoing projection in light of historical loss experience and 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.