Cumulative Net Losses. As of any date of determination, the aggregate of the Liquidation Loan Losses incurred from the Cut-Off Date through the end of the calendar month preceding such date of determination, expressed as a percentage of the sum of the Cut-Off Date Pool Balance and the Original Pre-Funded Amount.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Renaissance Mort Accept Corp Home Equity Ln as Bk Ce Se 03-3), Pooling and Servicing Agreement (Renaissance Home Equity Loan Trust 2003-4), Pooling and Servicing Agreement (Renaissance Mort Accept Corp Home Equity Ln as Bk Ce Se 03-3)
Cumulative Net Losses. As of any date of determination, the aggregate of the Liquidation Loan Losses incurred from the Cut-Off Date through the end of the calendar month preceding such date of determination, expressed as a percentage of the sum of the Cut-Off Date Pool Balance and the Original Pre-Funded AmountBalance.
Appears in 2 contracts
Samples: Custodial Agreement (Renaissance Mortgage Acceptance Corp), Pooling and Servicing Agreement (Renaissance Home Equity Loan Trust 2004-2)
Cumulative Net Losses. As of any date of determination, the aggregate of the Liquidation Loan Losses incurred from the Cut-Off off Date through the end of the calendar month preceding such date of determination, expressed as a percentage of the sum of the Cut-Off Date Pool Balance and the Original Pre-Funded Amount.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Aames Capital Corp)
