Base Spread Account Requirement. As such amount may be reduced from time to time in accordance with the provisions hereof: (a) with respect to any Distribution Date occurring during the period commencing after the Closing Date and ending on the later to occur of (i) the last day of the Due Period with respect to the Distribution Date occurring in [________] 20[__], and (ii) the Distribution Date upon which the Class A-2 Principal Balance is less than or equal to 50% of the Group 2 Cut-Off Date Principal Balance, [____]% of the Group 2 Cut-Off Date Principal Balance; and (b) with respect to each Distribution Date thereafter, the greater of (A) [____]% of the Aggregate Principal Balance of the Group 2 Mortgage Loans at the end of the related Due Period, (B) the greater of (1) [____]% of the Group 2 Cut-Off Date Principal Balance, and (2) the sum of the Principal Balances of the three largest outstanding Group 2 Mortgage Loans, and (C) the product of (x) two and (y) the excess of (1) [____]% of the outstanding Principal Balance of Group 2 Mortgage Loans more than 90 days delinquent or in foreclosure or held as REO Property as of the first day of the related Due Period over (2) five times the related Monthly Excess Spread Amount for such Distribution Date; provided, however, that the Group 2 Base Spread Amount Requirement shall not exceed the Aggregate Principal Balance of the Group 2 Mortgage Loans.
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Samples: Pooling and Servicing Agreement (Structured Asset Securities Corp)
Base Spread Account Requirement. As such amount may be reduced from time to time in accordance with the provisions hereof: (a) with respect to any Distribution Date occurring during the period commencing after the Closing Date and ending on the later to occur of (i) the last day of the Due Period with respect to the Distribution Date occurring in [________] 20[__]November 2007, and (ii) the Distribution Date upon which the Class A-2 A Certificate Principal Balance is less than or equal to 50% of the Group 2 sum of the Cut-Off Date Pool Principal BalanceBalance and the Original Pre-Funded Amount, [____]3.10% of the Group 2 sum of the Cut-Off Date Pool Principal BalanceBalance and the Original Pre-Funded Amount; and (b) with respect to each Distribution Date thereafter, the greater of (A) [____]6.20% of the Aggregate Principal Balance of the Group 2 Mortgage Loans at the end of the related Due Period, (B) the greater of (1) [____]0.50% of the Group 2 sum of the Cut-Off Date Pool Principal BalanceBalance and the Original Pre-Funded Amount, and (2) the sum of the Principal Balances of the three largest outstanding Group 2 Mortgage Loans, and (C) the product of (x) two and (y) the excess of (1) [____]90% of the outstanding Principal Balance of Group 2 Mortgage Loans more than 90 days delinquent or in foreclosure or held as REO Property as of the first day of the related Due Period over (2) five times the related Monthly Excess Spread Amount for such Distribution Date; provided, however, that the Group 2 Base Spread Amount Account Requirement shall not exceed the Aggregate Principal Balance of the Group 2 Mortgage Loans.
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Samples: Pooling and Servicing Agreement (Home Loan Mortgage Loan Trust 2005-1)
Base Spread Account Requirement. As such amount may be reduced from time to time in accordance with the provisions hereof: (a) with respect to any Distribution Date occurring during the period commencing after the Closing Date and ending on the later to occur of (i) the last day of the Due Period with respect to the Distribution Date occurring in [________] 20[__], and (ii) the Distribution Date upon which the Class A-2 A-1 Principal Balance is less than or equal to 50[____]% of the Group 2 1 Cut-Off Date Principal Balance, [____]% of the Group 2 1 Cut-Off Date Principal Balance; and (b) with respect to each Distribution Date thereafter, the greater of (A) [____]% of the Aggregate Principal Balance of the Group 2 1 Mortgage Loans at the end of the related Due Period, (B) the greater of (1) [____]% of the Group 2 1 Cut-Off Date Principal Balance, and (2) the sum of the Principal Balances of the three largest outstanding Group 2 1 Mortgage Loans, and (C) the product of (x) two and (y) the excess of (1) [____]% of the outstanding Principal Balance of Group 2 1 Mortgage Loans more than 90 days delinquent or in foreclosure or held as REO Property as of the first day of the related Due Period over (2) five times the related Monthly Excess Spread Amount for such Distribution Date; provided, however, that the Group 2 1 Base Spread Amount Requirement shall not exceed the Aggregate Principal Balance of the Group 2 1 Mortgage Loans.
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Samples: Pooling and Servicing Agreement (Structured Asset Securities Corp)
Base Spread Account Requirement. As such amount may be reduced from time to time in accordance with the provisions hereof: (a) with respect to any Distribution Date occurring during the period commencing after the Closing Date and ending on the later to occur of (i) the last day of the Due Period with respect to the Distribution Date occurring in [________] 20[__]May 2006, and (ii) the Distribution Date upon which the Class A-2 A Principal Balance is less than or equal to 50% of the Group 2 sum of the Cut-Off Date Pool Principal BalanceBalance and the Original Pre-Funded Amount, [____]2.90% of the Group 2 sum of the Cut-Off Date Pool Principal BalanceBalance and the Original Pre-Funded Amount; and (b) with respect to each Distribution Date thereafter, the greater of (A) [____]5.80% of the Aggregate Principal Balance of the Group 2 Mortgage Loans at the end of the related Due Period, (B) the greater of (1) [____]0.50% of the Group 2 sum of the Cut-Off Date Pool Principal BalanceBalance and the Original Pre-Funded Amount, and (2) the sum of the Principal Balances of the three largest outstanding Group 2 Mortgage Loans, and (C) the product of (x) two and (y) the excess of (1) [____]90% of the outstanding Principal Balance of Group 2 Mortgage Loans more than 90 days delinquent or in foreclosure or held as REO Property as of the first day of the related Due Period over (2) five times the related Monthly Excess Spread Amount for such Distribution Date; provided, however, that the Group 2 Base Spread Amount Account Requirement shall not exceed the Aggregate Principal Balance of the Group 2 Mortgage Loans.
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Samples: Pooling and Servicing Agreement (Lehman Home Equity Loan Trust 2004-3)
Base Spread Account Requirement. As such amount may be reduced from time to time in accordance with the provisions hereof: (a) with respect to any Distribution Date occurring during the period commencing after the Closing Date and ending on the later to occur of (i) the last day of the Due Period with respect to the Distribution Date occurring in [________] 20200[__], and (ii) the Distribution Date upon which the Class A-2 Principal Balance is less than or equal to 50% of the Group 2 Cut-Off Date Principal Balance, [____]% of the Group 2 Cut-Off Date Principal Balance; and (b) with respect to each Distribution Date thereafter, the greater of (A) [____]% of the Aggregate Principal Balance of the Group 2 Mortgage Loans at the end of the related Due Period, (B) the greater of (1) [____]% of the Group 2 Cut-Off Date Principal Balance, and (2) the sum of the Principal Balances of the three largest outstanding Group 2 Mortgage Loans, and (C) the product of (x) two and (y) the excess of (1) [____]% of the outstanding Principal Balance of Group 2 Mortgage Loans more than 90 days delinquent or in foreclosure or held as REO Property as of the first day of the related Due Period over (2) five times the related Monthly Excess Spread Amount for such Distribution Date; provided, however, that the Group 2 Base Spread Amount Requirement shall not exceed the Aggregate Principal Balance of the Group 2 Mortgage Loans.
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Base Spread Account Requirement. As such amount may be reduced from time to time in accordance with the provisions hereof: (a) with respect to any Distribution Date occurring during the period commencing after the Closing Date and ending on the later to occur of (i) the last day of the Due Period with respect to the Distribution Date occurring in [________] 20200[__], and (ii) the Distribution Date upon which the Class A-2 A-1 Principal Balance is less than or equal to 50[____]% of the Group 2 1 Cut-Off Date Principal Balance, [____]% of the Group 2 1 Cut-Off Date Principal Balance; and (b) with respect to each Distribution Date thereafter, the greater of (A) [____]% of the Aggregate Principal Balance of the Group 2 1 Mortgage Loans at the end of the related Due Period, (B) the greater of (1) [____]% of the Group 2 1 Cut-Off Date Principal Balance, and (2) the sum of the Principal Balances of the three largest outstanding Group 2 1 Mortgage Loans, and (C) the product of (x) two and (y) the excess of (1) [____]% of the outstanding Principal Balance of Group 2 1 Mortgage Loans more than 90 days delinquent or in foreclosure or held as REO Property as of the first day of the related Due Period over (2) five times the related Monthly Excess Spread Amount for such Distribution Date; provided, however, that the Group 2 1 Base Spread Amount Requirement shall not exceed the Aggregate Principal Balance of the Group 2 1 Mortgage Loans.
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