Common use of Stepdown Date Clause in Contracts

Stepdown Date. The earlier to occur of (a) the first Distribution Date on or prior to which the Class A Principal Balance has been reduced to zero and (b) the later to occur of (x) the Distribution Date in July 2010 and (y) the Enhancement Date. Subordinated Certificates. The Class M Certificates.

Appears in 1 contract

Samples: Pooling Agreement (Citicorp Residential Mortgage Trust Series 2007-2)

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Stepdown Date. The earlier to occur of (a) the first Distribution Date on or prior to which the Class A Principal Balance has been reduced to zero and (b) the later to occur of (x) the Distribution Date in July April 2010 and (y) the Enhancement Date. Subordinated Certificates. The Class M Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citicorp Residential Mortgage Trust Series 2007-1)

Stepdown Date. The earlier to occur of (a) the first Distribution Date on or prior to which the Class A Principal Balance has been reduced to zero and (b) the later to occur of (x) the Distribution Date in July 2010 October 2009 and (y) the Enhancement Date. Subordinated Certificates. The Class M Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citicorp Residential Mortgage Trust Series 2006-2)

Stepdown Date. The earlier to occur of (a) the first Distribution Date on or prior to which the Class A Principal Balance has been reduced to zero and (b) the later to occur of (x) the Distribution Date in July 2010 September 2009 and (y) the Enhancement Date. Subordinated Certificates. The Class M Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citicorp Residential Mortgage Trust Series 2006-1)

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Stepdown Date. The earlier to occur of (a) the first Distribution Date on or prior to which the Class A Principal Balance has been reduced to zero and (b) the later to occur of (x) the Distribution Date in July 2010 December 2009 and (y) the Enhancement Date. Subordinated Certificates. The Class M Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citicorp Residential Mortgage Trust Series 2006-3)

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