Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA RESERVE FUND AND NET WAC CAP ACCOUNT
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2005-B), Pooling and Servicing Agreement (Popular Abs Mortgage Pass-Through Trust 2005-2), Pooling and Servicing Agreement (Popular ABS Inc Mortgage Pass-Through Certificates Series 2004-5)
Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA RESERVE FUND AND NET WAC CAP ACCOUNT.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2005-A), Pooling and Servicing Agreement (Equity One Abs Inc Equity One Mort Pass THR Trust 2003-1), Pooling and Servicing Agreement (Equity One Abs Mortgage Pass Through Trust 2003-3)
Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA RESERVE FUND FUNDS AND NET WAC CAP ACCOUNT
Appears in 3 contracts
Samples: Master Agreement (Popular ABS Mortgage Pass-Through Trust 2006-A), Pooling and Servicing Agreement (Popular Abs, Inc.), Pooling and Servicing Agreement (Popular Abs, Inc.)
Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA RESERVE FUND FUNDS AND NET WAC CAP ACCOUNTEXTERNAL TRUST
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2006-D), Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2006-E)
Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA RESERVE FUND AND NET WAC CAP ACCOUNTIIIA
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Equity One Abs Inc), Pooling and Servicing Agreement (Equity One Abs Inc Equity One Mortgage Pass-THR Trust 2002-5)
Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA RESERVE FUND AND FUND; NET WAC CAP ACCOUNT AND PRE-FUNDING ACCOUNT
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Equity One Mortgage Pass-Through Trust 2004-2), Pooling and Servicing Agreement (Equity One Mortgage Pass-Through Trust 2004-1)
Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA RESERVE FUND AND NET WAC CAP ACCOUNT60
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2005-C)
Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. 61 ARTICLE IIIA RESERVE FUND AND NET WAC CAP ACCOUNT
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2005-D)
Delinquent Loans. For all the purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA RESERVE FUND POLICY; SPREAD ACCOUNTS; AND NET WAC CAP ACCOUNTnet wac cap account
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Equity One Abs Inc)
Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA RESERVE FUND FUNDS AND NET WAC CAP ACCOUNTEXTERNAL TRUST SECTION 3A.01. Swap Account and Swap Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2007-A)
Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA RESERVE FUND FUND; AND NET WAC CAP ACCOUNT
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Equity One Mortgage Pass-Through Trust 2003-2)
Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA POLICY; RESERVE FUND FUND; AND NET WAC CAP ACCOUNT
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Equity One Abs Inc Mortgage Pass Thru Cert Series 2002-2)
Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA RESERVE FUND FUND; net wac cap account AND NET WAC CAP PRE-FUNDING ACCOUNT
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2005-1)
Delinquent Loans. For all purposes in this Agreement and the Exhibits and Schedules attached hereto, the determination as to whether a Loan is delinquent shall be based on the number of days that payments on such Loan are contractually past due, assuming 30-day months. For example, a payment due on the first day of a month is not 30 days delinquent until the first day of the following month. ARTICLE IIIA POLICY; RESERVE FUND FUND; AND NET WAC CAP ACCOUNTnet wac cap account
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Equity One Abs Inc Mortgage Pas Th Cert Series 2002-4)
