Realized Loss Percentage. For purposes of the Servicer Termination Test, the percentage produced by the following calculation: (i) the aggregate amount of cumulative Realized Losses incurred on the Mortgage Loans since the Cut-off Date through the last day of the related Due Period, minus (ii) any amount received with respect to Realized Losses on the Mortgage Loans subsequent to a Final Recovery Determination being made with respect to the Mortgage Loans, divided by (iii) the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date; provided however, that for purposes of this definition, the term “Realized Losses” shall not include Debt Service Reductions or Deficient Valuations.

Realized Loss Percentage. For the purposes of the Fairbanks Termination Test and with respect to the Fairbanks Serviced Loans and any Distribution Date, the percentage produced by the following calculation: (i) the aggregate amount of cumulative Realized Losses incurred on the related Mortgage Loans from the Initial Cut-off Date through the last day of the related Due Date, minus (ii) any amount received with respect to Realized Losses on the related Mortgage Loans subsequent to a Final Recovery Determination being made with respect to such Mortgage Loans, divided by (iii) the aggregate Cut-off Date Principal Balance of the related Mortgage Loans.

Realized Loss Percentage. With respect to each liquidated Mortgage Loan, a fraction, expressed as a percentage, where the numerator is the Realized Loss with respect to such Mortgage Loan and the denominator is the unpaid principal balance of the related liquidated Mortgage Loan as of the date of liquidation.

Examples of Realized Loss Percentage in a sentence

If pursuant to clause (i) of the definition of the Servicer Termination Test, the Realized Loss Percentage exceeds the percentages set forth in the table included in such definition, the Master Servicer shall report such failure on the part of the Servicer to Certificateholders in its monthly statement.
If pursuant to clause (A) of the definition of the SPS Termination Test, the Realized Loss Percentage as of such Determination Date is greater than the percentage set forth in the table included in such definition, the Trustee shall report such failure on the part of SPS to Certificateholders in its monthly statement, made pursuant to Section 4.04.
If pursuant to clause (i) of the definition of the Servicer Termination Test, the Realized Loss Percentage exceeds the percentages set forth in the table included in such definition, the Trustee shall report such failure on the part of the Servicer to Certificateholders in its monthly statement.

More Definitions of Realized Loss Percentage

Realized Loss Percentage. For the purposes of the Ocwen Termination Test, and with respect to the Ocwen Serviced Loans, respectively, and any Distribution Date, the percentage produced by the following calculation: (i) the aggregate amount of cumulative Realized Losses incurred on the Ocwen Serviced Loans from the Cut-off Date through the last day of the related Due Period, minus (ii) any Net Recoveries on such Ocwen Serviced Loans, divided by (iii) the aggregate Cut-off Date Principal Balance of the Ocwen Serviced Loans.

Realized Loss Percentage. For the purposes of the SPS Termination Test and with respect to the SPS Serviced Loans and any Distribution Date, the percentage produced by the following calculation: (i) the aggregate amount of cumulative Realized Losses incurred on the SPS Serviced Loans from the Initial Cut-off Date through the last day of the related Due Date, minus (ii) any amount received with respect to Realized Losses on the SPS Serviced Loans subsequent to a Final Recovery Determination being made with respect to such Mortgage Loans, divided by (iii) the aggregate Cut-off Date Principal Balance of the SPS Serviced Loans.

Realized Loss Percentage for any Fiscal Quarter means a percentage with respect to the three Collection Periods that fell in such Fiscal Quarter equal to (a) the aggregate Repurchase Amount for all Receivables that become Defaulted Receivables during such Fiscal Quarter, minus (b) the sum of (i) the aggregate Liquidation Proceeds received by the Servicer during such Fiscal Quarter with respect to all Receivables that became Defaulted Receivables during such Fiscal Quarter and (ii) all recoveries in respect of Defaulted Receivables received during such Fiscal Quarter, to the extent not otherwise covered in clause (i) above, which amount is then divided by the mean of the three Pool Balances calculated as of the Record Date immediately preceding the first day of each Collection Period that fell in such Fiscal Quarter; such quotient is then multiplied by four to arrive at an annualized percentage.

Realized Loss Percentage. For the purposes of each of the SPS Termination Test and the Ocwen Termination Test, and with respect to the SPS Serviced Loans and the Ocwen Serviced Loans, respectively, and any Distribution Date, the percentage produced by the following calculation: (i) the aggregate amount of cumulative Realized Losses incurred on the SPS Serviced Loans or the Ocwen Serviced Loans, as applicable, from the Initial Cut-off Date through the last day of the related Due Date, minus (ii) any amount received with respect to Realized Losses on the SPS Serviced Loans or the Ocwen Serviced Loans, as applicable, subsequent to a Final Recovery Determination being made with respect to such Mortgage Loans, divided by (iii) the aggregate Cut-off Date Principal Balance of the SPS Serviced Loans or the Ocwen Serviced Loans, as applicable.

Realized Loss Percentage. For the purposes of the Servicer Termination Test and with respect to the Mortgage Loans and any Distribution Date, the percentage produced by the following calculation: (i) the aggregate amount of cumulative Realized Losses incurred on the related Mortgage Loans from the Cut-off Date through the last day of the related Due Period, minus (ii) any amount received with respect to Realized Losses on the related Mortgage Loans subsequent to a Final Recovery Determination being made with respect to such Mortgage Loans, divided by (iii) the aggregate Cut-off Date Principal Balance of the related Mortgage Loans; provided, however, for purposes of this definition, "Realized Losses" shall not include any loss realized as a result of Debt Service Reductions or Deficient Valuations.