Cumulative Loss Event. For any Distribution Date, a Cumulative Loss Event is occurring if Cumulative Net Realized Losses on the Mortgage Loans equal or exceed the percentage of the Aggregate Collateral Balance as of the Cut-off Date for that Distribution Date as specified below:
Cumulative Loss Event. For any Distribution Date in the applicable period below, if Cumulative Net Losses exceed the applicable percentage of the aggregate Original Class Principal Balances of the Offered Certificates: Number of Distribution Dates Percentages ------------------ ----------- 37-48 2.50% 49-60 2.90% 61-72 3.40% 73-84 3.80% 85 and thereafter 4.00%
Cumulative Loss Event. For any Payment Date in the applicable period below, if Cumulative Net Losses exceed the applicable percentage set forth below for the related Payment Date:
Examples of Cumulative Loss Event in a sentence
On any Distribution Date on which a Delinquency Event or a Cumulative Loss Event has occurred, the Required Overcollateralization Amount is equal to the Required Overcollateralization Amount as of the preceding Distribution Date.
The reflectance of glass used on stories above the second story may not exceed 27 percent.
Senior Principal Distribution Amount: As to any Distribution Date prior to the Stepdown Date or during the continuation of a Delinquency Event or a Cumulative Loss Event, the lesser of (i) 100% of the Principal Distribution Amount and (ii) the balance of the Senior Certificates.
In GSAMP 2006-HE6, the EOD was triggered by a Cumulative Loss Event.
More Definitions of Cumulative Loss Event
Cumulative Loss Event. With respect to any Distribution Date, a Cumulative Loss Event occurs if the Cumulative Loss Percentage exceeds the applicable percentage set forth below with respect to such Distribution Date: Distribution Date Occurring In Loss Percentage -------------------------------------------------------------------------------- June 2009 through May 2010 4.75% of the Cut-off Date Pool Principal Balance June 2010 through May 2011 6.85% of the Cut-off Date Pool Principal Balance June 2011 through May 2012 8.50% of the Cut-off Date Pool Principal Balance June 2012 and thereafter 9.00% of the Cut-off Date Pool Principal Balance
Cumulative Loss Event. For any Distribution Date in the applicable period below, if Cumulative Net Losses exceed the applicable percentage set forth below for the related Distribution Date: Number of Distribution Dates Percentages 37-48 3.00% for the first month plus an additional 1/12th of 1.25% for each month thereafter 49-60 4.25% for the first month plus an additional 1/12th of 0.65% for each month thereafter 61-72 4.90% for the first month plus an additional 1/12th of 0.40% for each month thereafter 73-84 5.30% for the first month plus an additional 1/12th of 0.20% for each month thereafter 85 and thereafter 5.50% Cumulative Net Losses: As of any date of determination, the aggregate of the Liquidation Loan Losses incurred from the Cut-Off Date through the end of the calendar month preceding such date of determination, expressed as a percentage of the Cut-Off Date Pool Balance.
Cumulative Loss Event. For any Distribution Date in the applicable period below, if Cumulative Net Losses exceed the applicable percentage set forth below for the related Distribution Date: Number of 2.50% for the first month plus an additional 1/12th of 1.30% for each month thereafter 49-60 3.80% for the first month plus an additional 1/12th of 0.95% for each month thereafter 61-72 4.75% for the first month plus an additional 1/12th of 0.55% for each month thereafter 73-84 5.30% for the first month plus an additional 1/12th of 0.30% for each month thereafter 85 and thereafter
Cumulative Loss Event. For any Distribution Date in the applicable period below, if Cumulative Net Losses shall be in excess of the applicable percentage of the aggregate Pool Balance as of the Cut-off Date: Number of Distribution Dates Percentages ------------------ ----------- 37-48 3.50% 49-60 4.00% 61 and thereafter 4.50%
Cumulative Loss Event. With respect to any Distribution Date and each Servicer, a Cumulative Loss Event occurs if the Cumulative Loss Percentage for such Servicer exceeds the applicable percentage set forth below with respect to such Distribution Date: Distribution Date Occurring In Loss Percentage --------------------------------- ------------------------------------------- September 2009 through August 2010 5.40% of the Cut-off Date Pool Principal Balance of the Mortgage Loans serviced by such Servicer September 2010 through August 2011 8.50% of the Cut-off Date Pool Principal Balance of the Mortgage Loans serviced by such Servicer September 2011 through August 2012 9.25% of the Cut-off Date Pool Principal Balance of the Mortgage Loans serviced by such Servicer September 2012 and thereafter 9.75% of the Cut-off Date Pool Principal Balance of the Mortgage Loans serviced by such Servicer
Cumulative Loss Event. With respect to any Distribution Date, a Cumulative Loss Event occurs if the Cumulative Loss Percentage exceeds the applicable percentage set forth below with respect to such Distribution Date: ---------------------------------------------------------------------------------------------- Distribution Date Occurring In Loss Percentage ---------------------------------------------------------------------------------------------- December 2008 through November 2009 4.00% of the Cut-off Date Pool Principal Balance December 2009 through November 2010 5.50% of the Cut-off Date Pool Principal Balance December 2010 through November 2011 6.75% of the Cut-off Date Pool Principal Balance December 2011 and thereafter 7.40% of the Cut-off Date Pool Principal Balance ----------------------------------------------------------------------------------------------
Cumulative Loss Event. With respect to any Distribution Date, a Cumulative Loss Event occurs if the Cumulative Loss Percentage exceeds the applicable percentage set forth below with respect to such Distribution Date: Distribution Date Occurring In Loss Percentage ------------------------------ --------------- May 2007 through April 2008 5.00% of the Cut-Off Date Pool Principal Balance May 2008 through April 2009 5.25% of the Cut-Off Date Pool Principal Balance May 2009 through April 2010 5.50% of the Cut-Off Date Pool Principal Balance May 2010 and thereafter 6.25% of the Cut-Off Date Pool Principal Balance Cumulative Loss Percentage: As of any date of determination, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses on the Mortgage Loans for the period from the Cut-off Date to the date of determination and the denominator of which is the Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.