Cumulative Loss Trigger. A Cumulative Loss Percentage of greater than (a) during the period from the Closing Date through the date one year after the Closing Date, 1%, (b) during the period from the date one year after the Closing Date through the date two years after the Closing Date, 2%, (c) during the period from the date two years after the Closing Date through the date three years after the Closing Date, 3%, (d) during the period from the date three years after the Closing Date through the date four years after the Closing Date, 4%, and (e) during the period on or after the date four years after the Closing Date, 5%.
Cumulative Loss Trigger means, with respect to any Distribution Date, the Cumulative Loss Ratio for such Distribution Date is equal to or greater than (a) 2.00% with respect to any Distribution Date which occurs within the period from the Closing Date through and including the 12th Distribution Date occurring after the Closing Date, (b) 3.00% with respect to any Distribution Date which occurs within the period from and including the 13th Distribution Date occurring after the Closing Date through and including the 24th Distribution Date occurring after the Closing Date, (c) 4.00% with respect to any Distribution Date which occurs within the period from and including the 25th Distribution Date occurring after the Closing Date through and including the 36th Distribution Date occurring after the Closing Date, (d) 5.00% with respect to any Distribution Date which occurs within the period from and including the 37th Distribution Date occurring after the Closing Date through and including the 48th Distribution Date occurring after the Closing Date; or (e) 5.50% with respect to any Distribution Date which occurs thereafter.
Cumulative Loss Trigger means, with respect to any payment date, the Cumulative Loss Ratio for such Distribution Date is equal to or greater than (a) 2.00% with respect to any Distribution Date which occurs within the period from the Closing Date to, and inclusive of, the 12th Distribution Date occurring after the Closing Date, (b) 3.00% with respect to any Distribution Date which occurs within the period from the day after the 12th Distribution Date occurring after the Closing Date to, and inclusive of, the 24th Distribution Date occurring after the Closing Date, (c) 4.00% with respect to any Distribution Date which occurs within the period from the day after the 24th Distribution Date occurring after the Closing Date to, and inclusive of, the 36th Distribution Date occurring after the Closing Date, (d) 5.00% with respect to any Distribution Date which occurs within the period from the day after the 36th Distribution Date occurring after the Closing Date to, and inclusive of, the 48th Distribution Date occurring after the Closing Date; or (e) 5.50% for any Distribution Date occurring thereafter.
Examples of Cumulative Loss Trigger in a sentence
Trigger Event A "Trigger Event" will have occurred if either a Delinquency Trigger Event or a Cumulative Loss Trigger Event occurs.
Trigger EventA “Trigger Event” will have occurred with respect to any Distribution Date if (i) the Rolling Three Month Delinquency Rate as of the last day of the immediately preceding month equals or exceeds [45%] of the Senior Enhancement Percentage for that Distribution Date or (ii) a Cumulative Loss Trigger Event has occurred.
Cumulative Loss Percentage 0.48% 0.40% (b) Applicable Loss Percentage for current Distribution 2.25% 3.25% (c) Cumulative Loss Trigger Event in effect NO NO VIII Pool Information No. Amount ---- ------ (a) Closing Mortgage Loan Principal Balance: 1.
Either a Delinquency Trigger Event or a Cumulative Loss Trigger Event.
Trigger Event: Either a Delinquency Trigger Event or a Cumulative Loss Trigger Event.
More Definitions of Cumulative Loss Trigger
Cumulative Loss Trigger means: Collection Periods Cumulative Loss Ratio ------------------ --------------------- August 2003 to January 2004 0.75% February 2004 to April 2004 1.00% May 2004 to July 2004 1.50% August 2004 to October 2004 2.00% November 2004 to January 2005 2.50% February 2005 to April 2005 3.00% May 2005 to July 2005 3.50% August 2005 to October 2005 4.00% November 2005 to January 2006 4.50% February 2006 and thereafter 5.00%
Cumulative Loss Trigger means, with respect to any Distribution Date, the Cumulative Loss Ratio for such Distribution Date is equal to or greater than (a) 2.00% with respect to any Distribution Date which occurs within the period from the Closing Date through and including the 12th Distribution Date occurring after the Closing Date, (b) 3.00% with respect to any Distribution Date which occurs within the period from and including the 13th Distribution Date occurring after the Closing Date through and including the 24th Distribution Date occurring after the Closing Date, (c) 4.00% with respect to any Distribution Date which occurs within the period from and including the 25th Distribution Date occurring after the Closing Date through and including the 36th Distribution Date occurring after the Closing Date,
Cumulative Loss Trigger means, with respect to any Distribution Date, the Cumulative Loss Ratio for such Distribution Date is equal to or greater than (a) [ ]% with respect to any Distribution Date which occurs within the period from the Closing Date through and including the [ ] Distribution Date occurring after the Closing Date, (b) [ ]% with respect to any Distribution Date which occurs within the period from and including the [ ] Distribution Date occurring after the Closing Date through and including the [ ] Distribution Date occurring after the Closing Date, (c) [ ]% with respect to any Distribution Date which occurs within the period from and including the [ ] Distribution Date occurring after the Closing Date through and including the [ ] Distribution Date occurring after the Closing Date, (d) [ ]% with respect to any Distribution Date which occurs within the period from and including the [ ] Distribution Date occurring after the Closing Date through and including the [ ] Distribution Date occurring after the Closing Date; or (e) [ ]% with respect to any Distribution Date which occurs thereafter.
Cumulative Loss Trigger. A Cumulative Loss Trigger exists if the Cumulative Loss Percentage exceeds the applicable percentage set forth below with respect to such Distribution Date: -------------------------------------------------------------------------------- Distribution Date Occurring In Loss Percentage ------------------------------ --------------- -------------------------------------------------------------------------------- February 2007 through January 2008 3.750% for the first month, plus an additional 1/12th of 2.000% for each month thereafter (e.g., approximately 3.917% in March 2007) -------------------------------------------------------------------------------- February 2008 through January 2009 5.750% for the first month, plus an additional 1/12th of 1.500% for each month thereafter (e.g., approximately 5.875% in March 2008) -------------------------------------------------------------------------------- February 2009 through January 2010 7.250% for the first month, plus an additional 1/12th of 1.000% for each month thereafter (e.g., approximately 7.333% in March 2009) -------------------------------------------------------------------------------- February 2010 and thereafter 8.250% --------------------------------------------------------------------------------
Cumulative Loss Trigger. A Cumulative Loss Trigger exists if the Cumulative Loss Percentage exceeds the applicable percentage set forth below with respect to such Distribution Date: Distribution Date Occurring In Loss Percentage ------------------------------ --------------- April 2007 through March 2008 3.750% for the first month, plus an additional 1/12th of 1.750% for each month thereafter (e.g., approximately 3.896% in May 2007) April 2008 through March 2009 5.500% for the first month, plus an additional 1/12th of 1.250% for each month thereafter (e.g., approximately 5.604% in May 2008) April 2009 through March 2010 6.750% for the first month, plus an additional 1/12th of 0.500% for each month thereafter (e.g., approximately 6.792% in May 2009) April 2010 and thereafter 7.250%
Cumulative Loss Trigger. A Cumulative Loss Percentage of greater than (a) during the period from the Closing Date through the date one year after the Closing Date, 1%, (b) during the period from the date one year after the Closing Date through the date two years after the Closing Date, 4%, (c) during the period from the date two years after the Closing Date through the date three years after the Closing Date, 4.5%, (d) during the period from the date three years after the Closing Date through the date four years after the Closing Date, 5%, (e) during the period from the date four years after the Closing Date through the date five years after the Closing Date, 5.5%, (f) during the period from the date five years after the Closing Date through the date six years after the Closing Date, 6%, and (g) during the period on or after the date six years after the Closing Date, 6.5%.
Cumulative Loss Trigger means, with respect to any Distribution Date, the Cumulative Loss Ratio for such Distribution Date is equal to or greater than (a) [ ]% with respect to any Distribution Date which occurs within the period from the Closing Date through the [ ] Distribution Date occurring after the Closing Date, (b) [ ]% with respect to any Distribution Date which occurs within the period from the [ ] Distribution Date occurring after the Closing Date through the [ ] Distribution Date occurring after the Closing Date, (c) [ ]% with respect to any Distribution Date which occurs within the period from the [ ] Distribution Date occurring after the Closing Date through the [ ] Distribution Date occurring after the Closing Date, (d) [ ]% with respect to any Distribution Date which occurs within the period from the [ ] Distribution Date occurring after the Closing Date through the [ ] Distribution Date occurring after the Closing Date; or (e) [ ]% with respect to any Distribution Date which occurs thereafter.