Cumulative Default Percentage definition

Cumulative Default Percentage shall equal 10% on or before December 1, 2003; 14% on or before December 1, 2004; 18% on or before December 1, 2005; 20% on or before December 1, 2006 and 22% thereafter.
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Cumulative Default Percentage means (1) with respect to the Group I Student Loans, (x) the aggregate total dollar amount of default claims paid by the federal guarantors, including accrued interest, with respect to the Group I Student Loans, divided by (y) the sum of (i) the original Group I Pool Balance and (ii) any related cumulative capitalized interest, and other principal adjustments with respect to the Group I Student Loans, less (iii) the outstanding principal balance of all Group I Student Loans repurchased by the Seller, the Master Servicer or the related Subservicer, and (2) with respect to the Group II Student Loans, (x) the sum of (A) the aggregate total dollar amount of default claims paid by the private guarantors, plus accrued interest, on Financed Guaranteed Private Loans, plus (B) the aggregate total dollar amount of charge-offs on Financed Unguaranteed Private Loans (not including for such purpose any subsequent recoveries on those Financed Unguaranteed Private Loans), divided by (y) the sum of (i) the original Group II Pool Balance and (ii) any related cumulative capitalized interest, and other principal adjustments with respect to the Group II Student Loans, less (iii) the outstanding principal balance of all Group II Student Loans repurchased by the Seller, the Master Servicer or the related Subservicer.
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Cumulative Default Percentage. As of any Determination Date, the aggregate of the Principal Balances of all Credit Support Multiple Defaulted Loans (such Principal Balances to be calculated immediately prior to such Home Loans becoming Credit Support Multiple Defaulted Loans) as of the related Monthly Cut-Off Date since the Closing Date, divided by the Initial Pool Principal Balance.
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Examples of Cumulative Default Percentage in a sentence

  • The Annual Default Percentage (Three Month Average), the Pool Annual Default Percentage (Three Month Average), the 30+ Delinquency Percentage (Rolling Three Month), the 60+ Delinquency Percentage (Rolling Three Month), the Pool 60+ Delinquency Percentage (Rolling Three Month) and the Cumulative Default Percentage.

  • Better Credits Tend to Follow the Economy 24% 17% 16% 14% 11% 5% 4% 4% 3% 2% 0% 0% 24% 41% 57% 71% 82% 87% 91% 95% 98% 100% 100% 100% 0% 2% 4% 6% 8% 10% 12% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1 2 3 4 5 6 7 8 9 10 11 12 Defaults Per Year of Payments Due Percent of Total Defaults Cumulative Default Percentage Projected Cumulative Default Rate and Timing Curve Segment 1 Years of Payments Due Percent of Total Defaults Cumulative Default Percentage Note: Based on assumptions as of December 31, 2010.

  • Segment 2 Curve More Frontloaded Than Segment 1 34% 20% 13% 8% 7% 5% 4% 3% 3% 3% 0% 0% 34% 54% 67% 75% 82% 87% 91% 94% 97% 100% 100% 100% 0% 5% 10% 15% 20% 25% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1 2 3 4 5 6 7 8 9 10 11 12 Defaults Per Year of Payments Due Percent of Total Defaults Cumulative Default Percentage Projected Cumulative Default Rate and Timing Curve Segment 2 Years of Payments Due Percent of Total Defaults Cumulative Default Percentage Note: Based on assumptions as of December 31, 2010.


More Definitions of Cumulative Default Percentage

Cumulative Default Percentage means (1) with respect to the [Group I] Student Loans, (x) the aggregate total dollar amount of default claims paid by the federal guarantors, including accrued interest, with respect to the [Group I] Student Loans, divided by (y) the sum of (i) the original [Group I] Pool Balance and (ii) the original principal balance of all Additional [Group I] Student Loans and, if applicable, any related cumulative capitalized interest, and other principal adjustments with respect to the [Group I] Student Loans, less (iii) the outstanding principal balance of all [Group I] Student Loans repurchased by the Seller, the Master Servicer or the related Sub-Servicer, and (2) with respect to the [Group II] Student Loans, (x) the sum of (A) the aggregate total dollar amount of default claims paid by the federal guarantors, plus accrued interest, on Financed Guaranteed Private Loans, plus (B) the aggregate total dollar amount of charge-offs on Financed Unguaranteed Private Loans (not including for such purpose any subsequent recoveries on those Financed Unguaranteed Private Loans), divided by (y) the sum of (i) the original [Group II] Pool Balance and (ii) the original principal balance of all Additional [Group II] Student Loans and, if applicable, any related cumulative capitalized interest, and other principal adjustments with respect to the [Group II] Student Loans, less (iii) the outstanding principal balance of all [Group II] Student Loans repurchased by the Seller, the Master Servicer or the related Sub-Servicer.
Sample 1
Cumulative Default Percentage means, for any Determination Date, the quotient (expressed as a percentage) of (i) the sum of the applicable Discounted Solar Asset Balance of each Host Customer Solar Asset (other than any Non-Advanced Solar Asset or Closing Date Delinquent Solar Assets) and TREC that became a Defaulted Solar Asset since the Closing Date other than any Defaulted Solar Assets that are replaced with Qualified Substitute Solar Assets at least three (3) Business Days prior to the related Determination Date (such Discounted Solar Asset Balance) measured immediately prior to the Host Customer Solar Asset becoming a Defaulted Solar Asset); divided by (ii) the Aggregate Discounted Solar Asset Balance as of the Closing Date.
Sample 1
Cumulative Default Percentage means (1) with respect to the Group I Student Loans, (x) the aggregate total dollar amount of claims paid, including accrued interest, with respect to the Group I Student Loans, divided by (y) the sum of (i) the original Group I Pool Balance and (ii) the original principal balance of all Additional Group I Student Loans and, if applicable, any related cumulative capitalized interest, and other principal adjustments with respect to the Group I Student Loans, less (iii) the outstanding principal balance of all Group I Student Loans repurchased by the Seller, the Master Servicer or the related Sub-Servicer, and (2) with respect to the Group II Student Loans, (x) the sum of (A) the aggregate total dollar amount of claims paid, plus accrued interest, on Financed Guaranteed Private Loans, plus (B) the aggregate total dollar amount of charge-offs on Financed Unguaranteed Private Loans (not including for such purpose any subsequent recoveries on those Financed Unguaranteed Private Loans), over (y) the sum of (i) the original Group II Pool Balance and (ii) the original principal balance of all Additional Group II Student Loans and, if applicable, any related cumulative capitalized interest, and other principal adjustments with respect to the Group II Student Loans, less (iii) the outstanding principal balance of all Group II Student Loans repurchased by the Seller, the Master Servicer or the related Sub-Servicer.
Sample 1
Cumulative Default Percentage. With respect to any date of determination, the ratio of (a) the sum of the Net Defaulted Loan Losses with respect to each Payment Date on or after the date of the most recent occurrence of a Credit Support Funding Event to (b) the Pool Principal Balance as of the date of the most recent occurrence of a Credit Support Funding Event.
Sample 1

Related to Cumulative Default Percentage

  • Cumulative Loss Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the calendar month preceding the month in which such Distribution Date occurs and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • C/D Reserve Percentage for any day as applied to any ABR Loan, that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board, for determining the maximum reserve requirement for a Depositary Institution (as defined in Regulation D of the Board) in respect of new non-personal time deposits in Dollars having a maturity of 30 days or more.

  • SOFR Reserve Percentage means, for any day, the maximum effective percentage in effect on such day, if any, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including, without limitation, supplemental, marginal and emergency reserve requirements) with respect to SOFR funding.

  • Series Percentage means, with respect to any specified category, with respect to any Distribution Date or Trust Distribution Date, as applicable, the sum of the Class Percentages with respect to such category for each Class of the Series established hereby on such Distribution Date or Trust Distribution Date, as applicable.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Maximum Revolving Advance Amount means $30,000,000.

  • Cumulative Excess Cash Flow means the amount equal to the sum of Excess Cash Flow (but not less than zero for any Fiscal Year) for the Fiscal Year ending on December 31, 2022 and Excess Cash Flow (but not less than zero in any Fiscal Year) for each succeeding and completed Fiscal Year.

  • Aggregate Revolving Exposure means, at any time, the aggregate Revolving Exposure of all the Lenders at such time.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including February 28, 2015, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled "Level II"; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled "Level II": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • Default Excess means, with respect to any Defaulting Lender, the excess, if any, of such Defaulting Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all Lenders (calculated as if all Defaulting Lenders (other than such Defaulting Lender) had funded all of their respective Defaulted Loans) over the aggregate outstanding principal amount of all Loans of such Defaulting Lender.

  • Available Unused Commitment means, with respect to a Revolving Facility Lender under any Class of Revolving Facility Commitments at any time, an amount equal to the Dollar Equivalent of the amount by which (a) the applicable Revolving Facility Commitment of such Revolving Facility Lender at such time exceeds (b) the applicable Revolving Facility Credit Exposure of such Revolving Facility Lender at such time.

  • Cumulative Loss Trigger Event If, with respect to any Distribution Date, the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period, divided by (y) the Cut-off Date Pool Principal Balance, exceeds the applicable Cumulative Loss Percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Cumulative Loss Percentage March 2008 through February 1.400% for the first month, plus an additional 2009 1/12th of 1.750% for each month thereafter (e.g., 2.275% in September 2008) March 2009 through February 3.150% for the first month, plus an additional 2010 1/12th of 1.750% for each month thereafter (e.g., 4.025% in September 2009) March 2010 through February 4.900% for the first month, plus an additional 2011 1/12th of 1.400% for each month thereafter (e.g., 5.600% in September 2010) March 2011 through February 6.300% for the first month, plus an additional 2012 1/12th of 0.750% for each month thereafter (e.g., 6.675% in September 2011) March 2012 and thereafter 7.050%

  • Loss Percentage means on any day the greater of (i) one and one-half (1.5) times the Loss Horizon as of such day and (ii) 20%.

  • Loss Reserve Percentage means, on any date, the product of (A) 2.25 times (B) the highest average of the Default Ratios for any three consecutive calendar months during the twelve most recent calendar months times (C) the Loss Horizon Ratio.