Cumulative Net Loss Test definition

Cumulative Net Loss Test. With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below:
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Cumulative Net Loss Test means, with respect to any Premium Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below:
Sample 1Sample 2Sample 3
Cumulative Net Loss Test means, with respect to any Payment Date, a test that will be satisfied if
Sample 1Sample 2

Examples of Cumulative Net Loss Test in a sentence

  • Additionally, the Notes will receive Stated Principal only upon the satisfaction of the Minimum Credit Enhancement Test, the Cumulative Net Loss Test and the Delinquency Test for the related Payment Date, as described under “— Hypothetical Structure and Calculations with respect to the Reference Tranches — Allocation of Senior Reduction Amount and Subordinate Reduction Amount” below.

Related to Cumulative Net Loss Test

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.