Realised Losses definition
Realised Losses means, on any relevant Quarterly Payment Date, the sum of (a) with respect to the Mortgage Receivables in respect of which the Seller, the Pool Servicer on behalf of the Issuer, the Issuer or the Security Trustee has foreclosed from the Closing Date up to and including the immediately preceding Quarterly Calculation Period the amount of the difference between (i) the aggregate Outstanding Principal Amount of all Mortgage Receivables less, with respect to the Savings Mortgage Receivables and the Life Mortgage Receivables with a Savings Element, the Participations, on the last day of the immediately preceding Mortgage Calculation Period, in respect of which the Seller, the Pool Servicer on behalf of the Issuer, the Issuer or the Security Trustee has foreclosed from the Closing Date up to and including the Quarterly Calculation Period immediately preceding such Quarterly Payment Date and (ii) the amount of the Net Proceeds applied to reduce the Outstanding Principal Amount of the Mortgage Receivables less, with respect to Savings Mortgage Receivables and Life Mortgage Receivables with a Savings Element, the Participations, and (b) with respect to Mortgage Receivables sold by the Issuer from the Closing Date up to and including the immediately preceding Quarterly Calculation Period, the amount of the difference, if any, between (i) the aggregate Outstanding Principal Amount of such Mortgage Receivables less, with respect to Savings Mortgage Receivables and Life Mortgage Receivables with a Savings Element and the Participations, and (ii) the purchase price received in respect of the Mortgage Receivables sold to the extent relating to the principal less, with respect to the Savings Mortgage Receivables and Life Mortgage Receivables with a Savings Element, the Participations, and (c) with respect to the Mortgage Receivables in respect of which the Borrower has from the Closing Date up to and including the immediately preceding Quarterly Calculation Period (x) successfully asserted set-off or defence to payments or (y) (p)repaid any amounts, the amount by which the Mortgage Receivables have been extinguished ("teniet gegaan") as a result thereof unless and to the extent such amount is not received from the Seller or otherwise pursuant to any items (i), (iii) and (vii) of the Notes Redemption Available Amount.
Realised Losses means, on any Quarterly Calculation Date, the sum of (a) the amount of the difference between the aggregate Outstanding Principal Amount, less with respect to the Savings Mortgage Receivables and Life Mortgage Receivables with a Savings Element, the relevant Participations, on which the relevant Seller or, as the case may be, relevant Sellers or the Defaulted Loan Servicer or the Issuer has foreclosed from the Closing Date up to and including such Quarterly Calculation Date and the amount of the Net Proceeds applied to reduce the Outstanding Principal Amount and (b) with respect to Mortgage Receivables sold by the Issuer, the amount of the difference, if any, between (x) the aggregate Outstanding Principal Amount, less with respect to the Savings Mortgage Receivables and the Life Mortgage Receivables with a Savings Element, the relevant Participation, and (y) the purchase price received in respect of such Mortgage Receivables to the extent relating to the principal less, with respect to the Savings Mortgage Receivables and the Life Mortgage Receivables with a Savings Element, the relevant Participation.
Realised Losses. ’ means, on any Quarterly Calculation Date, the sum of (I) the amount of the difference between (a) the aggregate Outstanding Principal Amount on all Mortgage Receivables on which the Seller, the Pool Servicer (on behalf of the Issuer or the Security Trustee), the Issuer or the Security Trustee has completed the Foreclosure Proceedings from Closing up to and including such Quarterly Calculation Date and (b) the sum of (i) the Net Proceeds on the Mortgage Receivable other than the Savings Mortgage Receivables; and (ii) the Net Proceeds on the Savings Mortgage Receivables less the Participation; and (II) with respect to Mortgage Receivables sold by the Issuer, the amount of the difference, if any, between (x) the aggregate Outstanding Principal Amount of such Mortgage Receivables and (y) the purchase price received in respect of such Mortgage Receivables to the extent relating to the principal less the relevant Participations.
Examples of Realised Losses in a sentence
Investors should be aware that the Realised Losses reported may not reflect all losses that already have occurred or are expected to occur, because a Realised Loss is recorded, inter alia, only after the Servicer has determined that foreclosure of the Mortgage and other collateral securing the Mortgage Receivable has been completed which process may take a considerable amount of time and may not necessarily be in line with the policies of other originators in the Dutch market.
The Issuer will report the Mortgage Receivables in arrears and the Realised Losses in respect thereof in the Notes and Cash Report on an aggregate basis.
You shall not be subject to any additional payment obligations in respect of such Unrealised or Realised Losses.
Any Realised Losses (as calculated by the Servicer and included in the Servicer Report) and Principal Addition Amounts (as calculated by the Cash Administrator) will be allocated to the Notes and recorded as a debit to the relevant Principal Deficiency Ledger.
All other transaction fees and charges and any other monies that are accruable or chargeable to your Account ("Charges"), Realised Profits and Realised Losses in a currency that is not your Base Currency will be converted to your Base Currency at a spot exchange rate determined in the sole and absolute discretion of TRADE NATION.
More Definitions of Realised Losses
Realised Losses means, in respect of any period and in respect of an Asset Purchaser, the sum of (a) the amount of the difference between (y) the aggregate Outstanding Principal Amount in respect of all Mortgage Receivables in respect of which the relevant Seller, the relevant Pool Servicer or the relevant Asset Purchaser has foreclosed in such period, less with respect to the Savings Mortgage Receivables and Hybrid Savings Mortgage Receivables, the Participations, and (z) the amount of the Net Proceeds applied to reduce the Outstanding Principal Amount of such Mortgage Receivables, less with respect to the Savings Mortgage Receivables and Hybrid Savings Mortgage Receivables, the Participations, and (b), with respect to the Mortgage Receivables sold by the Asset Purchaser, the amount of the difference, if any, between (y) the aggregate Outstanding Principal Amount of the Mortgage Receivables, less with respect to the Savings Mortgage Receivables and Hybrid Savings Mortgage Receivables, the Participations, and (z) the purchase price of the Mortgage Receivables sold to the extent relating to principal, less with respect to the Savings Mortgage Receivables and Hybrid Savings Mortgage Receivables, the Participations, whereby, in case of items (a) and (b), for the purpose of establishing the Outstanding Principal Amount in the case of set-off or defence to payments asserted by the Borrowers, any amount by which the Mortgage Receivables have been extinguished ("teniet gegaan") will be disregarded.
Realised Losses means your profits or losses (as appropriate) which result on expiry or closure of an Open Position
Realised Losses means, on any Quarterly Payment Date, the sum of (a) the amount of the difference between
Realised Losses means, in respect of any period, the sum of (a) the amount of the difference (if positive) between (y) the aggregate Outstanding Principal Amount in respect of all SME Receivables in respect of which the Seller, the Pool Servicer or the Issuer has determined, according to its own credit policy, that there is no more reasonable prospects of collecting payments from the debtor by judicial proceedings, or from the Related Security, and (z) the amount of the Net Proceeds applied to reduce the Outstanding Principal Amount of such SME Receivables, and (b), with respect to the SME Receivables sold by the Issuer, the amount of the difference, if any, between (y) the aggregate Outstanding Principal Amount of those SME Receivables, and (z) the purchase price of the SME Receivables sold to the extent relating to principal, whereby, in case of items (a) and (b), for the purpose of establishing the Outstanding Principal Amount in the case of set-off or defense to payments asserted by the Borrowers any amount by which the SME Receivables have been extinguished will not be taken into account.
Realised Losses means, on any relevant Quarterly Payment Date, the sum of
Realised Losses means, on any relevant Calculation Date, the sum of (a) the amount of the difference between (i) the aggregate outstanding principal amount of all Mortgage Receivables, less, with respect to the Savings Mortgage Receivables with the Savings Alternative, the Participations, in respect of which the relevant Seller, the relevant Pool Servicer on behalf of the Issuer, the Issuer or the Security Trustee has foreclosed from the Closing Date up to and including such Calculation Date and
Realised Losses means, on any Quarterly Calculation Date, the sum of (a) the amount of the difference between (i) the aggregate Outstanding Principal Amount less, with respect to the Savings Mortgage Receivables and Life Mortgage Receivables with a Savings Element, the relevant Participations, on which the Seller or the Defaulted Loan Servicer or the Issuer has foreclosed from the Closing Date up to and including such Quarterly Calculation Date and (ii) the sum of (x) the Net Proceeds on such Mortgage Receivables other than Savings Mortgage Receivables and Life Mortgage Receivables with a Savings Element and (y) the Net Proceeds on such Savings Mortgage Receivables and Life Mortgage Receivables with a Savings Element up to the amount of the relevant Savings Mortgage Receivables or Life Mortgage Receivables with a Savings Element less the Participations and (b) with respect to Mortgage Receivables sold by the Issuer, the amount of the difference, if any, between (x) the aggregate Outstanding Principal Amount, less with respect to such Savings Mortgage Receivables and Life Mortgage Receivables with a Savings Element, the relevant Participations, and (y) the purchase price received in respect of such Mortgage Receivables to the extent relating to the principal less, with respect to Savings Mortgage Receivables and Life Mortgage Receivables with a Savings Element, the relevant Participations.