Three Month Rolling Average. With respect to the end of the Due Period related to any Distribution Date, the rolling 3 month average percentage of the aggregate Stated Principal Balance of the Mortgage Loans that are 60 or more days Delinquent (including Mortgage Loans in foreclosure, REO Property or discharged in bankruptcy).
Three Month Rolling Average means, with respect to any pool performance ratio, the sum of the applicable ratio for the most recently ended Collection Period and two immediately preceding Collection Periods divided by three.
Three Month Rolling Average. As of any Distribution Date, the average percentage (based on Stated Principal Balance as of the Distribution Date in the third most recently ended (or second most recently ended or most recently ended month in the case of the second and first Distribution Dates respectively )) of Group II Mortgage Loans which are 60 days or more Delinquent (including Mortgage Loans in foreclosure and REO Property) as of the last day of each of the three (or one and two in the case of the first and second Distribution Dates, respectively) most recently ended months.
Examples of Three Month Rolling Average in a sentence
Aggregate Principal Balance of Mortgage Loans modified after giving effect Three Month Rolling Average N.
For purposes of this Agreement, the "Daily Average" shall mean the Three Month Rolling Average (as defined in Section 6.2 of this Agreement) divided by twenty-two.
A test that is satisfied if, with respect to any Payment Date, the Excess Spread Annualized Three Month Rolling Average is less than 2.25%.
With respect to any Payment Date, the product of (i) the Excess Spread Three Month Rolling Average for such Payment Date and (ii) 12.
More Definitions of Three Month Rolling Average
Three Month Rolling Average. With respect to the end of the Due Period related to any Distribution Date, the rolling 3 month average percentage of the aggregate Stated Principal Balance of (x) the Mortgage Loans that are 60 or more days Delinquent (including any Mortgage Loans in foreclosure and REO Properties owned by the Trust), (y) Mortgage Loans the mortgagors of which are in bankruptcy (z) for a period of 12 months following the date of the most recent modification or the date of repurchase. Trigger Event: Not Applicable.
Three Month Rolling Average. With respect to any Payment Date and Excess Spread, the average of the amount of Excess Spread on the current and each of the two immediately preceding Payment Dates divided by the Invested Amount at the end of each related Due Period.
Three Month Rolling Average means, with respect to any pool --------------------------- performance ratio, the sum of the applicable ratio for the most recently ended calendar month and two immediately preceding calendar months (or such fewer calendar months as have previously occurred since the Closing Date) divided by three (or such smaller number).
Three Month Rolling Average. With ruspect to any Payment Date and Excesv Spread, the average of the amount of Xxcess Spread on the current and eacy of the two immediately preceding Pzyment Dates divided by the Investea Amount at the end of each related Dub Period.
Three Month Rolling Average means, at any time and with respect to any ratio or other amount, the result obtained by (a) adding such ratio or amount from each of the three most recently ended Calculation Periods, and (b) dividing such sum by three.
Three Month Rolling Average. DELINQUENCY RATIO" means (i) with respect to the September 2002 Payment Date the Delinquency Ratio for the August 2002 Due Period; (ii) with respect to the October 2002 Payment Date, (a) the sum of the Delinquency Ratio for the August 2002 Due Period plus the Delinquency Ratio for the September 2002 Due Period divided by (b) two; (iii) with respect to the November Payment Date, (a) the sum of the Delinquency Ratio for the August Due Period plus the Delinquency Ratio for the September Due Period, plus the Delinquency Ratio for the October Due Period divided by (b) three; and (iv) for the December 2002 Payment Date and each Payment Date thereafter, the sum of the Delinquency Ratio for each of the three immediately preceding Due Periods divided by three.
Three Month Rolling Average. With respect to the end of the Due Period related to any Distribution Date and the Aggregate Group I Mortgage Loans, the rolling 3 month average percentage of the aggregate Stated Principal Balance of the Aggregate Group I Mortgage Loans that are 60 or more days Delinquent (including Mortgage Loans in foreclosure, REO Property or discharged in bankruptcy). With respect to the end of the Due Period related to any Distribution Date and the Group 3 Mortgage Loans, the rolling 3 month average percentage of the aggregate Stated Principal Balance of the Group 3 Mortgage Loans that are 60 or more days Delinquent (including Mortgage Loans in foreclosure, REO Property or discharged in bankruptcy).