Applied Loss Amount definition

Applied Loss Amount. With respect to any Distribution Date, the amount, if any, by which (x) the aggregate Certificate Principal Amount of the Certificates after giving effect to all Realized Losses incurred with respect to the Mortgage Loans during the related Collection Period and distributions of principal on such Distribution Date, but before giving effect to any application of the Applied Loss Amount with respect to such date, exceeds (y) the Pool Balance for such Distribution Date.

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Applied Loss Amount. As to any Distribution Date, an amount equal to the excess, if any of (i) the aggregate Class Principal Balance of the Certificates, after giving effect to all Realized Losses incurred with respect to Mortgage Loans during the Collection Period for such Distribution Date, payments of principal on such Distribution Date and any additions to the Class Principal Balance of the Certificates on such Distribution Date pursuant to Section 4.03(b) over (ii) the Aggregate Collateral Balance for such Distribution Date.

Applied Loss Amount. With respect to any Distribution Date, the amount, if any, by which (x) the aggregate Certificate Principal Amount of the LIBOR Certificates after giving effect to distributions of principal on such Distribution Date, but before giving effect to any application of the Applied Loss Amount with respect to such date, exceeds (y) the Aggregate Pool Balance for such Distribution Date.

Examples of Applied Loss Amount in a sentence

Any Applied Loss Amount allocated to a Class of Subordinate Certificates shall be allocated among the Subordinate Certificates of such Class in proportion to their respective Percentage Interests.
The Applied Loss Amount for any Distribution Date shall be applied by reducing the Class Principal Balance of each Class of Subordinate Certificates beginning with the Class of Subordinate Certificates then outstanding with the lowest relative payment priority, in each case until the respective Class Principal Balance thereof is reduced to zero.
On each Distribution Date, the Trustee shall determine the total of the Applied Loss Amount, if any, for such Distribution Date.
Any allocation of an Applied Loss Amount pursuant to this Section shall be accomplished by reducing the Class Principal Balance of the applicable Class and the principal balance of each related Certificate on the applicable Distribution Date.
The Applied Loss Amount with respect to the Group IV Certificates for any Distribution Date shall be applied by reducing the Class Principal Balance of each Class of Group IV Subordinate Certificates beginning with the Class of Group IV Subordinate Certificates then outstanding, other than the Class IV-X Certificates, with the lowest relative payment priority, in each case until the respective Class Principal Balance thereof is reduced to zero.

More Definitions of Applied Loss Amount

Applied Loss Amount. As to any Distribution Date, with respect to the Group IV Certificates, the excess, if any, of (i) the aggregate Class Principal Balances of the Group IV Certificates (other than the related Notional Amount Certificates), after giving effect to all Realized Losses with respect to the Mortgage Loans in Loan Group IV during the Collection Period for such Distribution Date and payments of principal on such Distribution Date over (ii) the Aggregate Loan Group Balance for Loan Group IV for such Distribution Date.

Applied Loss Amount. With respect to the Publicly Offered Certificates and any Distribution Date, the excess of the aggregate Certificate Principal Balance of the Publicly Offered Certificates over the Aggregate Loan Balance of the Mortgage Loans after giving effect to all Realized Losses incurred with respect to the Mortgage Loans during the related Due Period and payments of principal to the Publicly Offered Certificates on such Distribution Date.

Applied Loss Amount. With respect to any Distribution Date, with respect to the Group 7 Certificates, the excess, if any, of (i) the aggregate Class Principal Balances of the Group 7 Certificates (other than the related Notional Amount Certificates), after giving effect to all Realized Losses with respect to the Mortgage Loans in Loan Group 7 during the Collection Period for such Distribution Date and payments of principal on such Distribution Date over (ii) the Aggregate Group 7 Collateral Balance for such Distribution Date.

Applied Loss Amount. For any Payment Date, the excess of the aggregate Class Principal Balance of the Notes over the Aggregate Loan Balance after giving effect to all Realized Losses incurred with respect to loans during the Collection Period for such Payment Date and payments of principal on such Payment Date.

Applied Loss Amount. As to any Distribution Date, an amount equal to the excess, if any, of (i) the aggregate Class Principal Amount of the Group 1 Senior, Group 1 Mezzanine and Group 1 Subordinate Certificates, after giving effect to all Realized Losses incurred on the Pool 1 Mortgage Loans during the related Due Period, distributions of principal on such Distribution Date and any additions to the Class Principal Amounts of the Group 1 Certificates pursuant to Section 5.03(f) on such Distribution Date over (ii) the Aggregate Stated Principal Balance of the Pool 1 Mortgage Loans for such Distribution Date.

Applied Loss Amount. With respect to any Distribution Date and each Floater Loan Group, the excess, if any, of (i) the aggregate Class Principal Balances of the related Floater Certificates (other than the related Notional Amount Certificates), after giving effect to all Realized Losses with respect to the Mortgage Loans in such Floater Loan Group during the Collection Period for such Distribution Date and payments of principal on such Distribution Date over (ii) the Aggregate Loan Group Balance for such Floater Loan Group for such Distribution Date.

Applied Loss Amount. As to any Distribution Date, with respect to the Group VI Certificates, the excess, if any, of (i) the aggregate Class Principal Balances of the Group VI Certificates (other than the related Notional Amount Certificates), after giving effect to all Realized Losses with respect to the Mortgage Loans in Loan Group VI during the Collection Period for such Distribution Date and payments of principal on such Distribution Date over (ii) the Aggregate Loan Group Balance for Loan Group VI for such Distribution Date.

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