Shared-Loss Month definition

Shared-Loss Month means each calendar month between the Commencement Date and the last day of the month in which the tenth anniversary of the Commencement Date occurs, provided that, the first Shared-Loss Month shall begin on the Commencement Date and end on the last day of that month.
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Shared-Loss Month. [input month] Loan no.: [input loan no.)
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Shared-Loss Month means each calendar month commencing on the first day of each Module 1 – Whole Bank w/ Optional Shared Loss Agreements SF-29 First Heritage Bank Version 3.1.1 – SINGLE FAMILY SHARED-LOSS AGREEMENT Snohomish, Washington April 27, 2011 month following the Commencement Date and ending on the Termination Date, except that the first Shared-Loss Month shall begin on the Commencement Date and end on the last day of that month.
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Examples of Shared-Loss Month in a sentence

  • OFFICER SIGNATURE OFFICER NAME: TITLE Exhibit 2a Calculation of Foreclosure Loss Shared-Loss Month: [input month] Loan no.: [input loan no.) Interest paid-to date Foreclosure date Liquidation date Note Interest rate Foreclosure Loss calculation Loan Principal balance after last paid installment xx Accrued interest, limited to 90 days xx (1) Attorney's fees xx (2) Foreclosure costs, including title search, filing fees, advertising, etc.

  • Any gain or loss on Portfolio Sale shall be shared 80% to the Receiver and 20% to the Assuming Bank (or 95% to the Receiver and 5% to the Assuming Bank if applicable) in the next Monthly Certificate, provided that, if the sale occurs in the Final Shared-Loss Month, an additional Monthly Certificate shall be submitted by the Assuming Bank within one month of the Portfolio Sale.

  • Any gain or loss on Portfolio Sales shall be shared 80% to the Receiver and 20%to the Assuming Bank in the next Monthly Certificate, provided that, if the sale occurs in the Final Shared-Loss Month, an additional Monthly Certificate shall be submitted by the Assuming Bank within one month of the Portfolio Sale.

  • For each Shared-Loss Month, pursuant to the applicable Monthly Certificate, one of the payments described at (a) or (b) below shall be made, as appropriate, with respect to Shared-Loss Loans.

  • For each of the Shared-Loss Loans for which a Loss is claimed for a Shared-Loss Month, a schedule showing the calculation of the Loss Amount in the form and in accordance with the methodology set forth in Exhibits 2a(1)-(3), Exhibits 2b(1)-(3), Exhibits 2c(1)-(3) or Exhibit 2d(1) as applicable.

  • OFFICER NAME: TITLE Exhibit 2a Calculation of Foreclosure Loss Shared-Loss Month: [input month] Loan no.: [input loan no.) Interest paid-to date Foreclosure date Liquidation date Note Interest rate Foreclosure Loss calculation Loan Principal balance after last paid installment xx Accrued interest, limited to 90 days xx (1) Attorney's fees xx (2) Foreclosure costs, including title search, filing fees, advertising, etc.

  • Exhibit 2a(1) CALCULATION OF FORECLOSURE LOSS Foreclosure Occurred Prior to Loss Share Agreement 1 Shared-Loss Month May-09 2 Loan no: 364574 3 REO # 621 4 Foreclosure date 12/18/08 5 Liquidation date 4/12/09 6 Note Interest rate 8.100% 7 Most recent BPO 228,000 8 Most recent BPO date 1/21/09 Foreclosure Loss calculation 10 to sale, whichever is less 3,306 11 Costs incurred after Loss Share agreement in place: 12 Attorney's fees 0 Foreclosure costs, including title search, filing fees, 13 advertising, etc.

  • OFFICER NAME: TITLE Exhibit 2a Calculation of Foreclosure Loss Shared-Loss Month: [input month] Loan no.: [input loan no.) Interest paid-to date Foreclosure date Liquidation date Note Interest rate Foreclosure Loss calculation Loan Principal balance after last paid installment xx Accrued interest, limited to 90 days xx (1) Attorney’s fees xx (2) Foreclosure costs, including title search, filing fees, advertising, etc.


More Definitions of Shared-Loss Month

Shared-Loss Month means each calendar month commencing on the first day of each month following the Commencement Date and ending on the Termination Date, except that the Module 1 — Whole Bank w/ Optional Shared Loss Agreements Version 3.01 — Single Family Shared-Loss Agreement XXXXXX COMMUNITY BANK BROOKSVILLE, FLORIDA December 8, 2010 SF-30 first Shared-Loss Month shall begin on the Commencement Date and end on the last day of that month.
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Shared-Loss Month. [input month] Loan no.: [input loan no.) NOTE The calculation of recovery on a loan for which a Restructuring Loss has been paid will only apply if the loan is sold. EXAMPLE CALCULATION Restructuring Loss Information Loan principal balance before restructuring $ 200,000 A NPV, restructured loan 165,000 B Loss on restructured loan $ 35,000 A – B Times FDIC applicable loss share % (80%) 80 % Loss share payment to purchaser $ 28,000 C Calculation – Recovery amount due to Receiver Loan sales price $ 190,000 NPV of restructured loan at mod date 165,000 Gain — step 1 25,000 D PLUS Loan UPB after restructuring (1) 200,000 Loan UPB at liquidation date 192,000 Gain — step 2 (principal collections after restructuring) 8,000 E Recovery amount 33,000 D + E Times FDIC loss share % 80 % Recovery due to FDIC $ 26,400 F Net loss share paid to purchaser (C – F) $ 1,600 Proof Calculation (2) Loan principal balance $ 200,000 G Principal collections on loan 8,000 Sales price for loan 190,000 Total collections on loan 198,000 H Net loss on loan $ 2,000 G – H Times FDIC applicable loss share % (80%) 80 % Loss share payment to purchaser $ 1,600
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Shared-Loss Month means each calendar month commencing on the first day of each THE BANK OF ASHEVILLE ASHEVILLE, NORTH CAROLINA 29 month following the Commencement Date and ending on the Termination Date, except that the first Shared-Loss Month shall begin on the Commencement Date and end on the last day of that month.
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Shared-Loss Month. [input month] Loan no.: [input loan no.) Interest paid-to date Short Payoff Date Note Interest rate Short-Sale Loss calculation Loan Principal balance xx Accrued interest, limited to 90 days xx (1) Attorney's fees xx (2) Tax and insurance advances xx 3rd party fees due xx Gross balance recoverable by Assuming Bank XX XX (A) Amount accepted in Short-Sale XX XX (B) Loss Amount XX (A) - (B) Times 80% (Receiver Loss Share percentage) x 80% Amount due Assuming Bank for Receiver Loss Share Amount XX
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Related to Shared-Loss Month

  • Final Shared-Loss Month means the calendar month in which the tenth anniversary of the Commencement Date occurs.

  • Shared Loss Loan means a Single Family Shared-Loss Loan, Investor-Owned Residential Loan, Restructured Loan or Home Equity Loan, and any Commitment with respect to those loans.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Shared Loss Payment Trigger means when the sum of the Cumulative Loss Amount under this Single Family Shared-Loss Agreement and the Shared-Loss Amount under the Commercial and Other Assets Shared-Loss Agreement, exceeds the First Loss Tranche. If the First Loss Tranche is zero or a negative number, the Shared Loss Payment Trigger shall be deemed to have been reached upon Bank Closing.

  • Cumulative Shared-Loss Amount means the excess, if any, of the Cumulative Loss Amount over the First Loss Tranche.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Commercial Shared-Loss Agreement means the Commercial Shared-Loss Agreement attached to the Purchase and Assumption Agreement as Exhibit 4.15B.

  • Cumulative Shared-Loss Payments means (i) the aggregate of all of the payments made or payable to the Assuming Institution under the Shared-Loss Agreements minus

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Contractor under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.