Stepdown Date. The later to occur of (x) the Distribution Date in October 2007 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 26.20%.
Stepdown Date. The earlier of (i) the first Distribution Date following the Distribution Date on which the Class Principal Amounts of the Senior Certificates have each been reduced to zero or (ii) the later to occur of (x) the Distribution Date in December 2009 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 60.80%.
Stepdown Date. 43 Subsequent Cut-off Date........................................................................44
Stepdown Date. Not applicable.
Stepdown Date. 54 Subordination..........................................................................54
Stepdown Date. 55 Subordinate Certificates...................................................................................55
Stepdown Date. The earlier to occur of (a) the first Distribution Date on or prior to which the Class A Principal Balance has been reduced to zero and (b) the later to occur of (x) the Distribution Date in July 2010 and (y) the Enhancement Date. Subordinated Certificates. The Class M Certificates.
Stepdown Date. The earlier to occur of (a) the date on which the aggregate Class Certificate Balances of the Senior Certificates have been reduced to zero, and (b) the later to occur of (i) the Distribution Date in August 2008, and (ii) the first Distribution Date on which the Credit Enhancement Percentage (calculated for this purpose only after taking into account distributions of principal on the Mortgage Loans but prior to distribution of the Group 1 Principal Distribution Amount and the Group 2 Principal Distribution Amount to the holders of the Certificates then entitled to distributions of principal on such Distribution Date) is greater than or equal to 49.10%.
Stepdown Date. 37 Subservicer.............................................................37
Stepdown Date. The earlier to occur of:
