Prospective Losses definition

Prospective Losses. As of any Determination Date, an amount equal to the sum of the following: (i) the product of (x) the aggregate Stated Principal Balance of the Mortgage Loans delinquent from 31 to 60 days, (y) 25% and (z) the Loss Severity Percentage; (ii) the product of (x) the aggregate Stated Principal Balance of the Mortgage Loans delinquent 61 to 90 days, (y) 50% and (z) the Loss Severity Percentage; and (iii) the product of (x) the aggregate Stated Principal Balance of the Mortgage Loans delinquent 91 days or more plus the aggregate Stated Principal Balance of any related REO Properties and (y) the Loss Severity Percentage. For purposes of calculating Prospective Losses, Mortgage Loans in foreclosure will be categorized based on their respective number of days of delinquency.
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Prospective Losses. As of any Determination Date, an amount equal to the sum of the following: (i) the product of (x) the aggregate Stated Principal Balance of the related Mortgage Loans delinquent from 31 to 60 days, (y) 25% and (z) the Loss Severity Percentage; (ii) the product of (x) the aggregate Stated Principal Balance of the related Mortgage Loans delinquent 61 to 90 days, (y) 50% and (z) the Loss Severity Percentage; and (iii) the product of (x) the aggregate Stated Principal Balance of the related Mortgage Loans delinquent 91 days or more plus the aggregate Stated Principal Balance of any related REO Properties and (y) the
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Examples of Prospective Losses in a sentence

  • The best way to ensure your ship’s needs are met regarding DIVO training is to project Prospective Gains based on your Prospective Losses over the next six to nine months.

  • For purposes of calculating Prospective Losses, Mortgage Loans in foreclosure will be categorized based on their respective number of days of delinquency.

  • Additionally, declarations were sought to the effect that the 1 See particulars of Losses and Prospective Losses at para 16 of the Amended Claim at (2) Defendant lacks the requisite licence and therefore, cannot act as a Receiver of the First Claimant.

Related to Prospective Losses

  • Representative Losses has the meaning set forth in Section 10.01(c).

  • Cumulative Loss Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the calendar month preceding the month in which such Distribution Date occurs and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.

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

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Seller Losses has the meaning set forth in Section 10.2(a).

  • Unrealized losses means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

  • Covered Losses means any and all losses, assessments, fines, penalties, administrative orders, obligations, judgments, amounts paid in settlement, costs, expenses, liabilities and damages (whether actual, consequential or punitive), including interest, penalties, reasonable court costs and attorney’s fees, disbursements and costs of investigations, deficiencies, levies, duties and imposts.

  • Funding Losses has the meaning set forth in Section 2.13(b)(ii).

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Purchaser Indemnitees has the meaning set forth in Section 7.02.

  • Pro Rata Allocation The allocation of the principal portion of Realized Losses to the Senior Certificates (other than the Class R and Class P Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition (except if the loss is recognized with respect to a Class P Mortgage Loan, in which case the applicable Class P Fraction of such loss shall first be allocated to the Class P Certificates, and the remainder of such loss shall be allocated as set forth above), and the allocation of the interest portion of Realized Losses to all Classes of Certificates (other than the Class R and Class P Certificates) pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to the Senior Certificates (other than the Class R, Class P and Class X Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition. The principal portion of a Realized Loss on any Mortgage Loan allocated to the Class A Certificates pursuant to this definition of "Pro Rata Allocation" shall be allocated in reduction of the respective Class Principal Balances of the Subgroup 1, Subgroup 2 and Subgroup 3 Certificates as follows:

  • Non-PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the Required Coupon. As to any Non-Discount Mortgage Loan, 100%.

  • Buyer Losses shall have the meaning set forth in Section 8.2.

  • Aggregate Loss Severity Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred on any Mortgage Loans from the Cut-off Date to the last day of the preceding calendar month and the denominator of which is the aggregate principal balance of such Mortgage Loans immediately prior to the liquidation of such Mortgage Loans.

  • Loss Percentage means on any day the greater of (i) one and one-half (1.5) times the Loss Horizon as of such day and (ii) 20%.

  • Class B Loss Percentage With respect to any Determination Date and any Class of Class B Certificates then outstanding, the percentage calculated by dividing the Principal Balance of such Class by the Class B Principal Balance (determined without regard to any Principal Balance of any Class of Class B Certificates not then outstanding), in each case determined as of the preceding Determination Date.

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Allocable Excess Proceeds will mean the product of:

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Net Realized Losses For any Class of Certificates and any Distribution Date, the excess of (i) the amount of Realized Losses previously allocated to that Class over (ii) the amount of any increases to the Class Certificate Principal Balance of that Class pursuant to Section 5.08 due to Recoveries.

  • Seller Indemnitees has the meaning set forth in Section 8.03.

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Aggregate Amounts Due as defined in Section 2.17.

  • Class A Loss Percentage As to any Determination Date and any Class of Class A Certificates then outstanding, the percentage calculated by dividing the Principal Balance of such Class by the Class A Loss Denominator (determined without regard to any such Principal Balance of any Class of Class A Certificates not then outstanding), in each case determined as of the preceding Determination Date.