Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.50%.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Investment Loan Trust 2004-10)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 May 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5031.30%.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Investment Loan Trust 2005-4)
Stepdown Date. The later to occur of (x) the Distribution Date in November September 2007 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the any Certificates on such Distribution Date) is greater than or equal to 28.50approximately 11.70%.
Appears in 1 contract
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 [ ] and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.50[ ]%.
Appears in 1 contract
Samples: Trust Agreement (Fieldstone Mortgage Investment CORP)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 March 2005 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or to equal to 28.5017.00%.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 February 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5032.70%.
Appears in 1 contract
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 February 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the any Certificates on such Distribution Date) is greater than or equal to 28.5018.00%.
Appears in 1 contract
Samples: Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust 2005-3xs)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 February 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5028.20%.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Investment Loan Trust 2005-1)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 and April 2008, (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.50%25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Investment Loan Trust 2005-3)
Stepdown Date. The later to occur of (x) the Distribution Date in November December 2007 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the any Certificates on such Distribution Date) is greater than or equal to 28.5065.30%.
Appears in 1 contract
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 May 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the any Certificates on such Distribution Date) is greater than or equal to 28.5053.00%.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Securities Corp 2005-S2)
Stepdown Date. The later to occur of (x) the Distribution Date in November September 2007 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5032.50%.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Investment Loan Trust 2004-8)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 April 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5027.10%.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Securities Corp. 2005-Rms1)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 May 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5025.80%.
Appears in 1 contract
Samples: Trust Agreement (SASCO Mortgage Loan Trust Series 2005-Gel2)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 January 2006 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5032.00%.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc10)
Stepdown Date. The later to occur of (x) the Distribution Date in November October 2007 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5026.20%.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Investment Loan Trust 2004-9)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 January 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5027.00%.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Investment Loan Trust Series 2004-11)
Stepdown Date. The later to occur of (x) the Distribution Date in November October 2007 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5036.80%.
Appears in 1 contract
Samples: Trust Agreement (Amortizing Residential Collateral Trust, Series 2004-1)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 July 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5031.30%.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Investment Loan Trust 2005-6)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 May 2006 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than for such Distribution Date equals or equal to 28.50exceeds 30.80%.
Appears in 1 contract
Samples: Trust Agreement (Encore Credit Corp Mortgage Pass Through Certs Ser 2003-1)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 May 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5040.50%.
Appears in 1 contract
Samples: Trust Agreement (First Franklin Mortgage Loan Trust 2005-Ff3)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 June 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5032.00%.
Appears in 1 contract
Samples: Trust Agreement (SASCO Mortgage Pass Through Certificates, Series 2005-Nc2)
Stepdown Date. The later to occur of (x) the Distribution Date in November 2007 March 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 28.5027.00%.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Investment Loan Trust 2005-2)
