Stayed Funds. 38 Step Down Cumulative Loss Test .............................. 39 Step Down Rolling Delinquency Test .......................... 39 Step Down Rolling Loss Test ................................. 39 Step Down Trigger ........................................... 39 Stepped Down Required Subordinated Percentage ............... 39
Stayed Funds. If the Master Servicer is the subject of a proceeding under the federal Bankruptcy Code and the making of a remittance by the Master Servicer pursuant to this Agreement is prohibited by Section 362 of the federal Bankruptcy Code, funds which are in the custody of the Master Servicer, a trustee in bankruptcy or a federal bankruptcy court and should have been the subject of such remittance absent such prohibition. Subordinate Certificates: The Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates. Subordinate Percentage: For any Distribution Date, the difference between 100% and the Senior Percentage for such date. Subordinate Prepayment Percentage: With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below:
Stayed Funds. 38 Stepped Down Required Subordinated Percentage................................................ 38
Stayed Funds. 41- Stepdown Date.......................................................................-41- Substitution Shortfall Amount.......................................................-41- Tax Returns.........................................................................-41- Telerate Page 3750..................................................................-42- Termination Price...................................................................-42- Terminator..........................................................................-42- Transfer ...........................................................................-42- Transferee..........................................................................-42- Transferor..........................................................................-42- Trigger Event.......................................................................-42- Trust ...........................................................................-42- Trust REMIC.........................................................................-42- Trustee ...........................................................................-42- Trust Fund..........................................................................-43-
Stayed Funds. If the Master Servicer is the subject of a proceeding under the federal Bankruptcy Code and the making of a remittance by the Master Servicer pursuant to this Agreement is prohibited by Section 362 of the federal Bankruptcy Code, funds which are in the custody of the Master Servicer, a trustee in bankruptcy or a federal bankruptcy court and should have been the subject of such remittance absent such prohibition. Subordinate Amount: On any date of determination, the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of such date over the aggregate Class Certificate Balances of the Senior Certificates then outstanding. Subordinate Certificates: The Class M-1, Class M-2, Class M-3, Class M-IO, Class B-1, Class B-2 and Class B-3 Certificates. Subordinate Percentage: For any Distribution Date, the difference between 100% and the Senior Percentage for such date.
Stayed Funds. If the Master Servicer is the subject of a proceeding under the federal Bankruptcy Code and the making of a remittance by the Master Servicer pursuant to this Agreement is prohibited by Section 362 of the federal Bankruptcy Code, funds which are in the custody of the Master Servicer, a trustee in bankruptcy or a federal bankruptcy court and should have been the subject of such remittance absent such prohibition. SUBORDINATE CERTIFICATES: The Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates.
Stayed Funds. 40 SECTION PAGE ------- ----
Stayed Funds. 39 Step-Down Mortgage Loan........................................... 39
Stayed Funds. 41- Stepdown Date................................................................................-41- SECTION PAGE ------- ----
Stayed Funds. 48- Stepdown Date................................................................................-48- Subsequent Cut-off Date......................................................................-48- Subsequent Mortgage Loan.....................................................................-49- Subsequent Mortgage Loan Purchase Agreement..................................................-49- Subsequent Transfer Date.....................................................................-49- Subsequent Transfer Instrument...............................................................-49- Sub-Servicer.................................................................................-49- Sub-Servicing Account........................................................................-49- Sub-Servicing Agreement......................................................................-49- Tax Returns..................................................................................-49-
