Collateral Maintenance Percentage definition
Collateral Maintenance Percentage means the amount set forth in the related Confirmation with respect to each Mortgage Loan which, (1) in determining whether a Market Value Collateral Deficit exists pursuant to the second sentence of Section 4(a) hereof shall, for each type of Mortgage Loan set forth in the first column below, equal the applicable percentage set forth in the second column below and (2) in determining whether a Securitization Value Collateral Deficit exists pursuant to the third sentence of Section 4(a) hereof shall, for each type of Mortgage Loan set forth in the first column below, equal the applicable percentage set forth in the third column below: (a) first lien High Purchase Price Mortgage Loans that are Three Month Aged Mortgage Loans 103.1 % 103.1 %
Collateral Maintenance Percentage means the amount set forth in the related Confirmation with respect to each Mortgage Loan which, (1) in determining whether a Market Value Collateral Deficit exists pursuant to the second sentence of Section 4(a) hereof shall, for each type of Mortgage Loan set forth in the first column below, equal the applicable percentage set forth in the second column below, (2) in determining whether a Securitization Value Collateral Deficit exists pursuant to the third sentence of Section 4(a) hereof shall, for each type of Mortgage Loan set forth in the first column below, equal the applicable percentage set forth in the third column below and (3) in determining whether an ERV Collateral Deficit exists pursuant to the fourth sentence of Section 4(a) hereof shall, for each type of Mortgage Loan set forth in the first column below, equal the applicable percentage set forth in the fourth column below: (a) first lien Three Month Aged Mortgage Loans 103.0% 105.0% N/A (b) first lien Five Month Aged Mortgage Loans 105.0% N/A N/A (d) second lien Performing Mortgage Loans 105.0% 105.0% N/A (e) Workout Mortgage Loans 125.0% N/A 125.0% "Collection Account" and "Collection Account Bank" have the meanings specified in Section 5(b).
Collateral Maintenance Percentage means the amount set forth in the Confirmation with respect to each Mortgage Loan which, (1) in determining whether a Market Value Collateral Deficit exists pursuant to the second sentence of Section 4(a) hereof shall, for each type of Mortgage Loan set forth in the far left hand column below, equal the applicable percentage set forth in the middle column below and (2) in determining whether a Securitization Value Collateral Deficit exists pursuant to the third sentence of Section 4(a) hereof shall, for each type of Mortgage Loan set forth in the far left hand column below, equal the applicable percentage set forth in the far right hand column below: