Average Sixty. Day Delinquency Ratio (arithmetic average of ratios for this month and two preceding months; may not exceed 3.5%) _______
Average Sixty. Day Delinquency Ratio Test (arithmetic average of ratios for this month and two preceding months; may not exceed 10% of the Senior Subordination Percentage calculated in Item 97.)
Average Sixty. Day Delinquency Ratio Test
Average Sixty. Day Delinquency Ratio (arithmetic average of ratios for this month and two preceding months; may not exceed 6.25%) ---------- 28. Cumulative Realized Losses Test (a) Cumulative Realized Losses for current Remittance Date ---------- (b) (as a percentage of Cut-off Date Pool Principal Balance; may not exceed 7.00% from January 1, 2006 to December 31, 2006; 8.75% from January 1, 2007 to December 31, 2007; 11.75% from January 1, 2008 to December 31, 2008; and 13.25% thereafter) ---------- 29. Current Realized Losses Test (a) Current Realized Losses for current Remittance Date ---------- (b) Current Realized Loss Ratio (total Realized Losses for most recent three months, multiplied by 4, divided by arithmetic average of Pool Scheduled Principal Balances for third preceding Remittance Date and for current Remittance Date; may not exceed 3.50%) ---------- 30. Class M-1 Principal Balance Test Sum of Class M-1 Principal Balance, Class M-2 Principal Balance, Class B Principal Balance and the Over-collateralization Amount before distributions on current Remittance Date divided by Pool Scheduled Principal Balance as of preceding Remittance Date (must be equal to or greater than 34.125%). ---------- 31. Class M-2 Principal Balance Test Sum of Class M-2 Principal Balance, Class B Principal Balance and the Over-collateralization Amount (before distributions on current Remittance Date) divided by Pool Scheduled Principal Balance as of preceding Remittance Date (must be equal to or greater than 24.000%). ---------- 32. Class B Principal Balance Test (a) The Class B Principal Balance (before any distributions on current Remittance Date) as of such Remittance Date (must be greater than $9,500,000) ----------
Average Sixty. Day Delinquency Ratio Test for the Loans is not satisfied or
Average Sixty. Day Delinquency Ratio Test for the Fixed Rate Loans and for the Adjustable Rate Loans (as set forth in Exhibit M hereto);
Average Sixty. Day Delinquency Ratio
Average Sixty. Day Delinquency Ratio Test (arithmetic average of _________ ratios for this month and two preceding months may not exceed 38% of the Senior Enhancement Percentage)
Average Sixty. Day Delinquency Ratio Test (to be satisfied, line (ii) may not exceed line (iii))
Average Sixty. Day Delinquency Ratio Test (arithmetic average of ratios for this month and two preceding months; may not exceed [4.5]%) __________ __________ Supplementary Principal Distribution ------------------------------------ Class A -------
