Cumulative Loss Percentages definition
Cumulative Loss Percentages. 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 aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
Cumulative Loss Percentages. With respect to any Distribution Date and each Loan Group, the percentages set forth below: Distribution Date Occurring In Cumulative Loss Percentage -------------------------------- ------------------------------------------------------- March 2009 through February 2010 0.20% for the first month, plus an additional 1/12th of 0.25% for each month thereafter March 2010 through February 2011 0.45% for the first month, plus an additional 1/12th of 0.30% for each month thereafter March 2011 through February 2012 0.75% for the first month, plus an additional 1/12th of 0.35% for each month thereafter March 2012 through February 2013 1.10% for the first month, plus an additional 1/12th of 0.20% for each month thereafter March 2013 and thereafter 1.30% with respect to March 2013
Cumulative Loss Percentages. With respect to any Distribution Date, the percentages set forth below: Distribution Date Occurring In Cumulative Loss Percentage ---------------------------- --------------------------------------------------- December 2008 through 0.20% for the first month, plus an additional November 2009 1/12th of 0.25% for each month thereafter December 2009 through 0.45% for the first month, plus an additional November 2010 1/12th of 0.30% for each month thereafter December 2010 through 0.75% for the first month, plus an additional November 2011 1/12th of 0.35% for each month thereafter December 2011 through 1.10% for the first month, plus an additional November 2012 1/12th of 0.20% for each month thereafter December 2012 and thereafter 1.30%