Cross-Over Situation definition

Cross-Over Situation. For any Distribution Date and for each Loan Group (after taking into account principal distributions on such Distribution Date) with respect to the Class A and Class B Lower Tier REMIC Interests, a situation in which the Class A and Class B Interests corresponding to any Loan Group are in the aggregate less than 1% of the Subordinated Portion of the Loan Group to which they correspond.

Cross-Over Situation. For any Distribution Date and for any Mortgage Pool (after taking into account principal distributions on such Distribution Date) a Cross-Over Situation exists with respect to the Class A and Class B Interests of the Mortgage Pool if such Interests in the aggregate are less than 1% of the Subordinated Portion of the Mortgage Pool.

Cross-Over Situation. For any Distribution Date and for any Loan Group (after taking into account principal distributions on such Distribution Date) a Cross-Over Situation exists with respect to the Class A and Class B Interests of the Loan Group if such Interests in the aggregate are less than 1% of the Assumed Balance of the related Loan Group. Cut-off Date: September 1, 2005.

Examples of Cross-Over Situation in a sentence

• If no Cross-Over Situation exists with respect to any Class of Interests, then principal amounts arising with respect to each such Mortgage Pool will be allocated: first to cause the Mortgage Pool's corresponding Class A and Class B to equal, respectively, 0.9% of the SP and 0.1% of the SP; and second to the Mortgage Pool's corresponding Class C Interest.

• If no Cross-Over Situation exists with respect to any Class of Interests, then Principal Amounts arising with respect to each such Mortgage Pool will be allocated: first to cause the Mortgage Pool's corresponding Class A and Class B to equal, respectively, 0.9% of the SP and 0.1% of the SP; and second to the Mortgage Pool's corresponding Class C Interest.

• In the event that a Cross-Over Situation exists with respect to the Class I1 and Class I2 Interests on any Distribution Date, and the Calculation Rate in respect of the outstanding Class I1 and Class I2 Interests is greater than the Subordinate Net Rate Cap, a Principal Relocation Payment shall be made proportionately made to the outstanding Class I2 Interests prior to any other Principal Distributions from each such Loan Group.

• If no Cross-Over Situation exists with respect to any class of interests, then principal amounts arising with respect to each such Loan Group shall be allocated: first to cause the Loan Group's corresponding Class A and Class B to equal, respectively, 0.9% of the GSA and 0.1% of the GSA; and second to the Loan Group's corresponding Class C Interest.

• If no Cross-Over Situation exists with respect to any Class of Interests, then Principal Amounts arising with respect to each such Mortgage Pool shall be allocated: first to cause the Mortgage Pool's corresponding Class A and Class B to equal, respectively, 0.9% of the SP and 0.1% of the SP; and second to the Mortgage Pool's corresponding Class C Interest.

More Definitions of Cross-Over Situation

Cross-Over Situation. For any Distribution Date and for any Mortgage Pool (after taking into account principal distributions on such Distribution Date) a Cross-Over Situation exists with respect to the Class A and Class B Interests of the Mortgage Pool if such Interests in the aggregate are less than 1% of the Subordinated Portion of the Mortgage Pool. CTX: CTX Mortgage Company, LLC, or any successor in interest.

Cross-Over Situation. For any Distribution Date and for each Loan Group (after taking into account principal distributions on such Distribution Date) with respect to (1) the Class A and Class B REMIC 2 Interests, a situation in which the Class A and Class B Interests corresponding to any Loan Group are in the aggregate less than 1% of the Subordinate Component Balance of the Loan Group to which they correspond and (2) the Class C and Class D REMIC 2 Interests, a situation in which the Class C and Class D Interests corresponding to any Loan Group are in the aggregate less than 1% of the Adjusted Subordinate Component Balance of the Loan Group to which they correspond.

Cross-Over Situation. Not applicable.

Cross-Over Situation. With respect to any Distribution Date and Loan Group 2 and Loan Group 3 (after taking into account principal distributions on such Distribution Date), a Cross-Over Situation shall exist (i) with respect to the R-2-A, R-2-B and R-2-C Interests, if the R-2-A, R-2-B and R-2-C Intexxxxx xxx xx the aggregate less than 1% of the Subordinate Component Balance of Loan Group 2 and Loan Group 3.

Cross-Over Situation. For any Distribution Date and for any Loan Group (after taking into account principal distributions on such Distribution Date) a Cross-Over Situation exists with respect to the Class A and Class B Interests of the Loan Group if such Interests in the aggregate are less than 1% of the Assumed Balance of the related Loan Group. Cut-off Date: July 1, 2007. Cut-off Date Pool Principal Balance: $372,597,103.47.

Cross-Over Situation. Not applicable. Cut-off Date: September 1, 2005.

Cross-Over Situation. As defined in the Preliminary Statement.