Amortization Test. (1) Following the occurrence and during the continuance of an Issuer Event of Default (but prior to service of a Guarantor Acceleration Notice) and, for as long as there are Covered Bonds outstanding, the Partnership must ensure that, on each Calculation Date following the occurrence and during the continuance of an Issuer Event of Default, the Partnership is in compliance with the Amortization Test as set out in Schedule 3.
Amortization Test. (1) Following an Issuer Event of Default, for as long as there are Covered Bonds outstanding, the Managing GP shall use all reasonable efforts to ensure that on each Calculation Date that the Partnership is in compliance with the Amortization Test as set out in Schedule 2.
Amortization Test. In accordance with Section 3.4 (Compliance with the Asset Coverage Test, the Amortization Test, the Pre-Maturity Test and the Valuation Calculation) of the Cash Management Agreement, the Cash Manager will provide the Cover Pool Monitor with:
Amortization Test. (a) The “
Amortization Test. 16 Section 5.4 Pre-Maturity Test 16 Section 5.5 Valuation Calculation 17 Section 5.6 OC Valuation. 17
Amortization Test. 17 Section 5.4 Pre-Maturity Test. ..................................................................................................17 Section 5.5 Valuation Calculation ............................................................................................17 Section 5.6 OC Valuation .........................................................................................................17
Amortization Test. Do any of the Covered Bonds remain outstanding? Yes Event of Default on the part of the Registered Issuer? No Amortization Test Required? No Amortization Test N/A Cover Pool - Summary Statistics Previous Month Ending Balance $63 743 972 914 Current Month Ending Balance $81 513 828 411 Number of Eligible Loans in cover pool 261 830 Average Loan Size $311 323 Number of Properties 261 830 Number of Primary Borrowers 253 356 Weighted Average LTV - Authorized (1) 67,79% Weighted Average LTV - Original (1) 67,79% Weighted Average LTV - Current (2) 50,81% Weighted Average Seasoning (months) 45,13 Weighted Average Rate 3,74% Weighted Average Term of Loans (months) 54,49 Weighted Average Remaining Term of Loans (months) 29,13 (1) Weighted Average Original LTV and Weighted Average Authorized LTV are based on original or renewal.
Amortization Test. Do any of the Covered Bonds remain outstanding? Yes Event of Default on the part of the Registered Issuer? No Amortization Test Required? No Amortization Test N/A Cover Pool - Summary Statistics Previous Month Ending Balance Current Month Ending Balance Number of Eligible Loans in cover pool Average Loan Size Number of Properties Number of Primary Borrowers Weighted Average LTV - Authorized (1) Weighted Average LTV - Original (1) Weighted Average LTV - Current (2) Weighted Average Seasoning (months) Weighted Average Rate Weighted Average Term of Loans (months) Weighted Average Remaining Term of Loans (months)
Amortization Test. Event of Default on the part of the registered issuer? Do any Covered Bonds remain outstading? Amortization Test Required? Amortization Test Intercompany Loan Balance Guarantee Loan Demand Loan Total Covered Bonds Outstanding vs OSFI Limit Covered Bonds currently outstanding (CAD Equivalent): Issued under the Structured Covered Bond Programme Issued under the Legislative Covered Bond Programme Total OSFI Maximum (CAD Equivalent): Cover Pool Summary Statistics Previous Month Ending Balance Current Balance Number of Mortgages in Pool Average Mortgage Size Number of Properties Number of Borrowers Weighted Average Authorized LTV Weighted Average Drawn LTV Weighted Average Interest Rate Weighted Average Seasoning Weighted Average Original Term Weighted Average Remaining Term Cover Pool Delinquency Distribution Aging Summary Number of Loans Percentage Principal Balance Percentage Current and less than 30 days past due 30 to 59 days past due 60 to 89 days past due 90 or more days past due Total Cover Pool Provincial Distribution
Amortization Test. The Asset Monitor shall be provided with figures as per the Calculation Date for the items listed in Clause 4.2 of the Asset Monitor Appointment Agreement and shall establish the following: • A, B, C and Z and the Amortization Test Aggregate Asset Amount have been calculated in accordance with Schedule 2 to the Asset Monitoring Agreement • Whether or not the Amortization Test Aggregate Asset Amount is an amount at least equal to the aggregate Principal Amount Outstanding of the Covered Bonds We are not required to establish the arithmetic accuracy of α, the Current Balance, nor the accuracy of the Asset Percentage nor any other parameters used in the Amortization Test.
