Cumulative Loss Test Sample Clauses

Cumulative Loss Test. The Cumulative Loss Test will be failed on a Distribution Date if the Cumulative Loss Percentage equals or exceeds (1) with respect to Distribution Dates from October 2008 through September 2009, inclusive, 0.70%, (2) with respect to Distribution Dates from October 2009 through September 2010, inclusive, 1.55%, (3) with respect to Distribution Dates from October 2010 through September 2011, inclusive, 2.65%, (4) with respect to Distribution Dates from October 2011 through September 2012, inclusive, 3.50% and (5) with respect to Distribution Dates from October 2012 and thereafter, 4.15%.

Cumulative Loss Test. The Cumulative Loss Test will be failed on a Distribution Date if the Cumulative Loss Percentage equals or exceeds (1) with respect to each Distribution Date from [month of first Distribution Date] 2003 through [month of Issue Date] 2004, inclusive, __%, (2) with respect to each Distribution Date from _____ 2004 through _____ 2005, inclusive, __%, (3) with respect to each Distribution Date from _____ 2005 through _____ 2006, inclusive, __%, (4) with respect to each Distribution Date from _____ 2006 through _____ 2007, inclusive, __%, and (5) with respect to each Distribution Date thereafter, __%. Current Class A Enhancement Level. As of any Distribution Date, the Current Class A Enhancement Level is the percentage obtained by dividing (a) the sum of the Class M Principal Balance, the Class B Principal Balance and the Overcollateralization Amount (after giving effect to any distributions in reduction of Principal Balance and the allocation of any losses on such date) by (b) the Pool Balance as of the last day of the related Collection Period. Cut-Off Date. The Cut-Off Date is ________ 1, 2000. Definitive Certificates. The Class A-__, Class A-__, [Class CE and Class P] Certificates and the Residual Certificates will be issued in fully registered certificated form. Delinquency Test. The Delinquency Test will be failed on a Distribution Date if the Loan Balance of the Mortgage Loans delinquent 60 days or more (including, for this purpose, Mortgage Loans in foreclosure and real estate owned by the Trust as a result of Mortgagor default), as a percentage of the Loan Balance of all Mortgage Loans, is greater than the product of __% and the Current Class A Enhancement Level.

Cumulative Loss Test. The Cumulative Loss Test for Group 1 will be failed on a Distribution Date if the Cumulative Loss Percentage of Pool 1 equals or exceeds (1) with respect to Distribution Dates from [Month/Year] through [Month/Year], inclusive, [**]% in the first month, plus an additional [**]% for each month thereafter, (2) with respect to Distribution Dates from [Month/Year] through [Month/Year], inclusive, [**]% in the first month, plus an additional [**]% for each month thereafter, (3) with respect to Distribution Dates from [Month/Year] through [Month/Year], inclusive, [**]% in the first month, plus an additional [**]% for each month thereafter, and (4) with respect to Distribution Dates from April 2010 and thereafter, [**]%. The Cumulative Loss Test for Group 2 will be failed on a Distribution Date if the Cumulative Loss Percentage of Pool 2 equals or exceeds (1) with respect to Distribution Dates from [Month/Year] through [Month/Year], inclusive, [**]% in the first month, plus an additional [**]% for each month thereafter, (2) with respect to Distribution Dates from [Month/Year] through [Month/Year], inclusive, [**]% in the first month, plus an additional [**]% for each month thereafter, (3) with respect to Distribution Dates from [Month/Year] through [Month/Year], inclusive, [**]% in the first month, plus an additional [**]% for each month thereafter, (4) with respect to Distribution Dates in [Month/Year] and thereafter, [**]%.

Cumulative Loss Test. 10 Cut-off Date...................................................................................10 DCR ......................................................................................10