Common use of Cumulative Loss Test Clause in Contracts

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 Distribution Dates from October 2008 July 2009 through September 2009June 2010, inclusive, 0.700.65%, (2) with respect to Distribution Dates from October 2009 July 2010 through September 2010June 2011, inclusive, 1.551.45%, (3) with respect to Distribution Dates from October 2010 July 2011 through September 2011June 2012, inclusive, 2.652.45%, (4) with respect to Distribution Dates from October 2011 July 2012 through September 2012June 2013, inclusive, 3.503.25% and (5) with respect to Distribution Dates from October 2012 July 2013 and thereafter, 4.153.85%.

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 April 2009 through September 2009March 2010, inclusive, 0.700.80%, (2) with respect to Distribution Dates from October 2009 April 2010 through September 2010March 2011, inclusive, 1.551.80%, (3) with respect to Distribution Dates from October 2010 April 2011 through September 2011March 2012, inclusive, 2.653.05%, (4) with respect to Distribution Dates from October 2011 April 2012 through September 2012March 2013, inclusive, 3.504.05% and (5) with respect to Distribution Dates from October 2012 April 2013 and thereafter, 4.154.80%.

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 September 2008 through September August 2009, inclusive, 0.70%, (2) with respect to Distribution Dates from October September 2009 through September August 2010, inclusive, 1.55%, (3) with respect to Distribution Dates from October September 2010 through September August 2011, inclusive, 2.65%, (4) with respect to Distribution Dates from October September 2011 through September August 2012, inclusive, 3.50% and (5) with respect to Distribution Dates from October September 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 Distribution Dates from October December 2008 through September November 2009, inclusive, 0.700.75%, (2) with respect to Distribution Dates from October December 2009 through September November 2010, inclusive, 1.551.75%, (3) with respect to Distribution Dates from October December 2010 through September November 2011, inclusive, 2.652.95%, (4) with respect to Distribution Dates from October December 2011 through September November 2012, inclusive, 3.503.95% and (5) with respect to Distribution Dates from October December 2012 and thereafter, 4.154.70%.