{"component": "definition", "props": {"groups": [{"samples": [{"hash": "jPlgR1xf3zw", "uri": "/contracts/jPlgR1xf3zw#cumulative-net-loss-trigger-event", "label": "Sale and Servicing Agreement (Triad Automobile Receivables Trust 2006-B)", "score": 18.0, "published": true}, {"hash": "jDH8IbKzpYh", "uri": "/contracts/jDH8IbKzpYh#cumulative-net-loss-trigger-event", "label": "Sale and Servicing Agreement (Triad Automobile Receivables Trust 2006-A)", "score": 18.0, "published": true}, {"hash": "hrEwhDNcjo5", "uri": "/contracts/hrEwhDNcjo5#cumulative-net-loss-trigger-event", "label": "Sale and Servicing Agreement (Triad Automobile Receivables Trust 2005-A)", "score": 18.0, "published": true}], "snippet": "means, with respect to any Determination Date, the Cumulative Net Loss Ratio with respect to such Determination Date exceeds the amounts set forth below:", "size": 5, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "determination-date", "type": "definition", "offset": [27, 45]}, {"key": "cumulative-net-loss-ratio", "type": "definition", "offset": [51, 76]}, {"key": "such-determination", "type": "definition", "offset": [93, 111]}], "hash": "c8136fc6769ef71bb7d3daf05c200f86", "id": 1}, {"samples": [{"hash": "fF9xkyq72sN", "uri": "/contracts/fF9xkyq72sN#cumulative-net-loss-trigger-event", "label": "Indenture (LEAF Equipment Finance Fund 4, L.P.)", "score": 22.3689253936, "published": true}, {"hash": "f2Xb3Ehkyxy", "uri": "/contracts/f2Xb3Ehkyxy#cumulative-net-loss-trigger-event", "label": "Indenture (Resource America, Inc.)", "score": 22.0130047912, "published": true}, {"hash": "ckYf0fc7F8a", "uri": "/contracts/ckYf0fc7F8a#cumulative-net-loss-trigger-event", "label": "Indenture (Resource America, Inc.)", "score": 21.9472963723, "published": true}], "snippet": "Has the meaning set forth in Section 6.01(a)(ix) of the Servicing Agreement.", "size": 4, "snippet_links": [{"key": "servicing-agreement", "type": "definition", "offset": [56, 75]}], "hash": "3d5c82fdcca2251cbaa016f9549e7be0", "id": 2}, {"samples": [{"hash": "i9v03NF1MWj", "uri": "/contracts/i9v03NF1MWj#cumulative-net-loss-trigger-event", "label": "Pooling and Servicing Agreement (IndyMac MBS, Inc. Home Equity Mortgage Loan Asset-Backed Trust, Series INDS 2006-A)", "score": 19.0, "published": true}], "snippet": "With respect to any Distribution Date on or after the Stepdown Date, if the percentage obtained by dividing (x) the aggregate amount of Realized Losses incurred from the Cut-off Date through the last day of the related Remittance Period (reduced by the aggregate amount of Subsequent Recoveries received through the last day of that Remittance Period) by (y) the aggregate Cut-off Date Principal Balance of the Mortgage Loans (a) 2.60% for the first month, plus an additional 1/12th of 3.20% for each month thereafter, from June 2008 through May 2009; (b) 5.80% for the first month, plus an additional 1/12th of 3.20% for each month thereafter, from June 2009 through May 2010; (c) 9.00% for the first month, plus an additional 1/12th of 2.60% for each month thereafter, from June 2010 through May 2011; (d) 11.60% for the first month, plus an additional 1/12th of 1.25% for each month thereafter, from June 2011 to May 2012; and (e) 12.85%, from June 2012 and each month thereafter. Cut-off Date: May 1, 2006.", "size": 4, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "distribution-date", "type": "definition", "offset": [20, 37]}, {"key": "stepdown-date", "type": "definition", "offset": [54, 67]}, {"key": "the-percentage", "type": "definition", "offset": [72, 86]}, {"key": "aggregate-amount", "type": "clause", "offset": [116, 132]}, {"key": "losses-incurred", "type": "clause", "offset": [145, 160]}, {"key": "day-of", "type": "clause", "offset": [200, 206]}, {"key": "remittance-period", "type": "definition", "offset": [219, 236]}, {"key": "subsequent-recoveries", "type": "clause", "offset": [273, 294]}, {"key": "aggregate-cut", "type": "definition", "offset": [363, 376]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [404, 425]}, {"key": "first-month", "type": "definition", "offset": [444, 455]}, {"key": "an-additional", "type": "clause", "offset": [462, 475]}, {"key": "june-2009", "type": "clause", "offset": [650, 659]}, {"key": "june-2011", "type": "clause", "offset": [903, 912]}], "hash": "d7afcaf31643977f45e8c478005f52fa", "id": 3}, {"samples": [{"hash": "iddvBSqHmrn", "uri": "/contracts/iddvBSqHmrn#cumulative-net-loss-trigger-event", "label": "Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset Backed Trust, Series INABS 2007-A)", "score": 19.0, "published": true}, {"hash": "cysvtM0EVr9", "uri": "/contracts/cysvtM0EVr9#cumulative-net-loss-trigger-event", "label": "Pooling and Servicing Agreement (IndyMac MBS Home Equity Mortgage Loan Asset Backed Trust, Series INABS 2006-D)", "score": 19.0, "published": true}, {"hash": "4ZphkvqatK4", "uri": "/contracts/4ZphkvqatK4#cumulative-net-loss-trigger-event", "label": "Pooling and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-E)", "score": 19.0, "published": true}], "snippet": "With respect to any Distribution Date on or after the Stepdown Date, if the percentage obtained by dividing (x) the aggregate amount of Realized Losses incurred from the Cut-off Date through the last day of the related Remittance Period (reduced by the aggregate amount of Subsequent Recoveries received through the last day of that Remittance Period) by (y) the aggregate Cut-off Date Principal Balance exceeds", "size": 3, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "distribution-date", "type": "definition", "offset": [20, 37]}, {"key": "stepdown-date", "type": "definition", "offset": [54, 67]}, {"key": "the-percentage", "type": "definition", "offset": [72, 86]}, {"key": "aggregate-amount", "type": "clause", "offset": [116, 132]}, {"key": "losses-incurred", "type": "clause", "offset": [145, 160]}, {"key": "day-of", "type": "clause", "offset": [200, 206]}, {"key": "remittance-period", "type": "definition", "offset": [219, 236]}, {"key": "subsequent-recoveries", "type": "clause", "offset": [273, 294]}, {"key": "aggregate-cut", "type": "definition", "offset": [363, 376]}, {"key": "date-principal-balance", "type": "definition", "offset": [381, 403]}], "hash": "f95d98055c7cd3a1f73259f15995a0d2", "id": 4}, {"samples": [{"hash": "eL0z4CEPlBu", "uri": "/contracts/eL0z4CEPlBu#cumulative-net-loss-trigger-event", "label": "Sale and Servicing Agreement (Triad Financial Special Purpose LLC)", "score": 21.0, "published": true}], "snippet": "means, with respect to any Determination Date, the Cumulative Net Loss Ratio with respect to such Determination Date exceeds the amounts set forth below: November 2006 through January 2007 1.56% February 2007 through April 2007 3.12% May 2007 through July 2007 4.68% August 2007 through October 2007 6.24% November 2007 through January 2008 8.06% February 2008 through April 2008 9.88% May 2008 through July 2008 11.70% August 2008 through October 2008 13.52% November 2008 through January 2009 15.08% February 2009 through April 2009 16.64% May 2009 through July 2009 18.20% August 2009 through October 2009 19.76% November 2009 and thereafter 20.00%", "size": 3, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "determination-date", "type": "definition", "offset": [27, 45]}, {"key": "cumulative-net-loss-ratio", "type": "definition", "offset": [51, 76]}, {"key": "such-determination", "type": "definition", "offset": [93, 111]}, {"key": "november-2006", "type": "clause", "offset": [154, 167]}, {"key": "february-2007", "type": "clause", "offset": [195, 208]}, {"key": "april-2007", "type": "clause", "offset": [217, 227]}, {"key": "july-2007", "type": "clause", "offset": [251, 260]}, {"key": "november-2007", "type": "clause", "offset": [306, 319]}, {"key": "november-2008", "type": "clause", "offset": [460, 473]}, {"key": "february-2009", "type": "clause", "offset": [502, 515]}, {"key": "april-2009", "type": "clause", "offset": [524, 534]}, {"key": "july-2009", "type": "clause", "offset": [559, 568]}, {"key": "august-2009", "type": "clause", "offset": [576, 587]}, {"key": "november-2009", "type": "clause", "offset": [616, 629]}], "hash": "5bdfbe89e1f2909fce3612bb7539042e", "id": 5}, {"samples": [{"hash": "ed7frOKHgKG", "uri": "/contracts/ed7frOKHgKG#cumulative-net-loss-trigger-event", "label": "Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset-Backed Trust, Series SPMD 2004-A)", "score": 18.0, "published": true}], "snippet": "With respect to any Distribution Date on or after the Stepdown Date, exists if the percentage obtained by dividing (x) the aggregate amount of Realized Losses incurred from the Cut-off Date through the last day of the related Remittance Period (reduced by the aggregate amount of Subsequent Recoveries received through the last day of that Remittance Period) by (y) the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds (A) 2.75% for the first month, plus an additional 1/12th of 1.00% for each month thereafter from July 2007 through June 2008, (B) 3.75% for the first month, plus an additional 1/12th of 1.00% for each month thereafter from July 2008 through June 2009, (C) 4.25% for the first month, plus an additional 1/12th of 0.25% for each month thereafter for July 2009 through May 2010, (D) 4.50% thereafter.", "size": 2, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "distribution-date", "type": "definition", "offset": [20, 37]}, {"key": "stepdown-date", "type": "definition", "offset": [54, 67]}, {"key": "the-percentage", "type": "definition", "offset": [79, 93]}, {"key": "aggregate-amount", "type": "clause", "offset": [123, 139]}, {"key": "losses-incurred", "type": "clause", "offset": [152, 167]}, {"key": "day-of", "type": "clause", "offset": [207, 213]}, {"key": "remittance-period", "type": "definition", "offset": [226, 243]}, {"key": "subsequent-recoveries", "type": "clause", "offset": [280, 301]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [405, 426]}, {"key": "first-month", "type": "definition", "offset": [476, 487]}, {"key": "an-additional", "type": "clause", "offset": [494, 507]}, {"key": "july-2007", "type": "clause", "offset": [555, 564]}, {"key": "june-2009", "type": "clause", "offset": [699, 708]}, {"key": "july-2009", "type": "clause", "offset": [806, 815]}], "hash": "2ba8cea55e9352e46a290c674641c70e", "id": 6}, {"samples": [{"hash": "MNhy38l8jz", "uri": "/contracts/MNhy38l8jz#cumulative-net-loss-trigger-event", "label": "Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A)", "score": 19.0, "published": true}], "snippet": "With respect to any Distribution Date on or after the Stepdown Date, the percentage obtained by dividing (x) the aggregate amount of Realized Losses incurred from the Cut-off Date through the last day of the related Remittance Period (reduced by the aggregate amount of Subsequent Recoveries received through the last day of that Remittance Period) by (y) the aggregate Cut-off Date Principal Balance of the Mortgage Loans exceeds (a) 1.50% of the aggregate Stated Principal Balance of the Mortgage Loans with respect to the Distribution Date in January 2008, plus an additional 1/12th of 1.90% of the aggregate Stated Principal Balance of the Mortgage Loans for each Distribution Date occurring in each month thereafter to and including the Distribution Date in January 2009, (b) 3.40% of the aggregate Stated Principal Balance of the Mortgage Loans with respect to the Distribution Date occurring in February 2009, plus an additional 1/12th of 1.90% of the aggregate Stated Principal Balance of the Mortgage Loans for each Distribution Date occurring in each month thereafter to and including the Distribution Date in January 2010, (c) 5.30% of the aggregate Stated Principal Balance of the Mortgage Loans with respect to the Distribution Date occurring in February 2010, plus an additional 1/12th of 1.50% of the aggregate Stated Principal Balance of the Mortgage Loans for each Distribution Date occurring in each month thereafter to and including the Distribution Date in January 2011, (d) 6.80% of the aggregate Stated Principal Balance of the Mortgage Loans with respect to the Distribution Date occurring in February 2011, plus an additional 1/12th of 0.10% of the aggregate Stated Principal Balance of the Mortgage Loans for each Distribution Date occurring in each month thereafter to and including the Distribution Date in January 2012 and (e) 6.90% of the aggregate Stated Principal Balance of the Mortgage Loans with respect to the Distribution Date occurring in February 2012 and each month thereafter. Cut-off Date: January 1, 2006.", "size": 2, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "stepdown-date", "type": "definition", "offset": [54, 67]}, {"key": "the-percentage", "type": "definition", "offset": [69, 83]}, {"key": "aggregate-amount", "type": "clause", "offset": [113, 129]}, {"key": "losses-incurred", "type": "clause", "offset": [142, 157]}, {"key": "day-of", "type": "clause", "offset": [197, 203]}, {"key": "remittance-period", "type": "definition", "offset": [216, 233]}, {"key": "subsequent-recoveries", "type": "clause", "offset": [270, 291]}, {"key": "aggregate-cut", "type": "definition", "offset": [360, 373]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [401, 422]}, {"key": "aggregate-stated-principal-balance", "type": "definition", "offset": [448, 482]}, {"key": "the-distribution-date", "type": "definition", "offset": [521, 542]}, {"key": "an-additional", "type": "clause", "offset": [565, 578]}, {"key": "distribution-date-occurring-in", "type": "definition", "offset": [668, 698]}, {"key": "february-2009", "type": "clause", "offset": [902, 915]}, {"key": "february-2010", "type": "clause", "offset": [1259, 1272]}, {"key": "february-2011", "type": "clause", "offset": [1616, 1629]}], "hash": "fa2922c71a1f2370b4abeffaa804b44f", "id": 7}, {"samples": [{"hash": "lcZkeOqBLli", "uri": "/contracts/lcZkeOqBLli#cumulative-net-loss-trigger-event", "label": "Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset-Backed Trust, Series Inabs 2007-B)", "score": 21.0, "published": true}], "snippet": "With respect to any Distribution Date on or after the Stepdown Date, if the percentage obtained by dividing (x) the aggregate amount of Realized Losses incurred from the Cut-off Date through the last day of the related Remittance Period (reduced by the aggregate amount of Subsequent Recoveries received through the last day of that Remittance Period) by (y) the aggregate Stated Principal Balance of the Closing Date Mortgage Loans as of the Cut-off Date plus amounts on deposit in the Pre-Funding Accounts as of the Closing Date, exceeds:", "size": 1, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "distribution-date", "type": "definition", "offset": [20, 37]}, {"key": "stepdown-date", "type": "definition", "offset": [54, 67]}, {"key": "the-percentage", "type": "definition", "offset": [72, 86]}, {"key": "aggregate-amount", "type": "clause", "offset": [116, 132]}, {"key": "losses-incurred", "type": "clause", "offset": [145, 160]}, {"key": "day-of", "type": "clause", "offset": [200, 206]}, {"key": "remittance-period", "type": "definition", "offset": [219, 236]}, {"key": "subsequent-recoveries", "type": "clause", "offset": [273, 294]}, {"key": "balance-of-the", "type": "clause", "offset": [390, 404]}, {"key": "closing-date-mortgage-loans", "type": "definition", "offset": [405, 432]}, {"key": "on-deposit", "type": "definition", "offset": [469, 479]}, {"key": "the-pre", "type": "clause", "offset": [483, 490]}, {"key": "funding-accounts", "type": "definition", "offset": [491, 507]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [508, 530]}], "hash": "f02dc32427f901aeb1aadbb18c8f04b5", "id": 8}, {"samples": [{"hash": "7XLyNqlrY8y", "uri": "/contracts/7XLyNqlrY8y#cumulative-net-loss-trigger-event", "label": "Credit Agreement (E Loan Inc)", "score": 21.0, "published": true}], "snippet": "means for a period of two consecutive months or more, an event or condition with respect to all such Tranches determined to have a Cumulative Net Loss Ratio Excess, where the quotient of (x) the sum of the current Outstanding Tranche Collateral Balances of all such Tranches, divided by (y) the Aggregate Outstanding Balance of all Tranches, shall be equal to or greater than fifty percent (50%). Such excess shall be deemed to have been cured if, for a period of at least three consecutive months from and after the occurrence of such Cumulative Net Loss Trigger Event, the quotient of (x) the sum of the current Outstanding Tranche Collateral Balances of all Tranches determined to have a Cumulative Net Loss Ratio Excess, divided by (y) the Aggregate Outstanding Balance of all Tranches, is less than fifty percent (50%). Schedule A of the Existing Credit Agreement shall be amended and supplemented by adding the following defined term in appropriate alphabetical order:", "size": 1, "snippet_links": [{"key": "period-of", "type": "clause", "offset": [12, 21]}, {"key": "months-or-more", "type": "clause", "offset": [38, 52]}, {"key": "an-event", "type": "clause", "offset": [54, 62]}, {"key": "with-respect-to", "type": "clause", "offset": [76, 91]}, {"key": "cumulative-net-loss-ratio", "type": "definition", "offset": [131, 156]}, {"key": "sum-of", "type": "clause", "offset": [195, 201]}, {"key": "the-current", "type": "clause", "offset": [202, 213]}, {"key": "divided-by", "type": "clause", "offset": [276, 286]}, {"key": "aggregate-outstanding-balance", "type": "definition", "offset": [295, 324]}, {"key": "all-tranches", "type": "clause", "offset": [328, 340]}, {"key": "equal-to", "type": "definition", "offset": [351, 359]}, {"key": "fifty-percent", "type": "definition", "offset": [376, 389]}, {"key": "schedule-a", "type": "definition", "offset": [825, 835]}, {"key": "existing-credit-agreement", "type": "definition", "offset": [843, 868]}, {"key": "defined-term", "type": "clause", "offset": [927, 939]}, {"key": "alphabetical-order", "type": "clause", "offset": [955, 973]}], "hash": "7746444ed4bd516e5a9c6dea32d1404f", "id": 9}, {"samples": [{"hash": "kmzFVZfDDSd", "uri": "/contracts/kmzFVZfDDSd#cumulative-net-loss-trigger-event", "label": "Pooling and Servicing Agreement (IndyMac ABS Inc. Home Equity Mortgage Loan Asset-Backed Trust, Series SPMD 2004-A)", "score": 18.0, "published": true}], "snippet": "With respect to any Distribution Date on or after the Stepdown Date, exists if the percentage obtained by dividing (x) the aggregate amount of Realized Losses incurred from the Cut-off Date through the last day of the related Remittance Period (reduced by the aggregate amount of Subsequent Recoveries received through the last day of that Remittance Period) by (y) the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds (A) 2.75% for the first month, plus an additional 1/12th of 1.00% for each month thereafter from July 2007 through June 2008, (B) 3.75% for the first month, plus an additional 1/12th of 0.50% for each month thereafter from July 2008 through June 2009, (C) 4.25% for the first month, plus an additional 1/12th of 0.25% for each month thereafter for July 2009 through June 2010, (D) 4.50% thereafter.", "size": 1, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "distribution-date", "type": "definition", "offset": [20, 37]}, {"key": "stepdown-date", "type": "definition", "offset": [54, 67]}, {"key": "the-percentage", "type": "definition", "offset": [79, 93]}, {"key": "aggregate-amount", "type": "clause", "offset": [123, 139]}, {"key": "losses-incurred", "type": "clause", "offset": [152, 167]}, {"key": "day-of", "type": "clause", "offset": [207, 213]}, {"key": "remittance-period", "type": "definition", "offset": [226, 243]}, {"key": "subsequent-recoveries", "type": "clause", "offset": [280, 301]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [405, 426]}, {"key": "first-month", "type": "definition", "offset": [476, 487]}, {"key": "an-additional", "type": "clause", "offset": [494, 507]}, {"key": "july-2007", "type": "clause", "offset": [555, 564]}, {"key": "june-2009", "type": "clause", "offset": [699, 708]}, {"key": "july-2009", "type": "clause", "offset": [806, 815]}], "hash": "b327ab75424a500bb2f5848625ec05af", "id": 10}], "next_curs": "Cm4SaGoVc35sYXdpbnNpZGVyY29udHJhY3RzckoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIqY3VtdWxhdGl2ZS1uZXQtbG9zcy10cmlnZ2VyLWV2ZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "Cumulative Net Loss Trigger Event", "snippet": "means, with respect to any Determination Date, the Cumulative Net Loss Ratio with respect to such Determination Date exceeds the amounts set forth below:", "size": 33, "id": "cumulative-net-loss-trigger-event", "examples": ["Furthermore, on any Payment Date, notwithstanding that the amounts on deposit in the Reserve Account are at least equal to the Required Reserve Amount, if a <strong>Cumulative Net Loss Trigger Event</strong> has occurred, all remaining Available Funds that constitute Residual Receipts shall be deposited to the Reserve Account prior to any payments made to the Issuer."], "related": [["cumulative-loss-trigger-event", "Cumulative Loss Trigger Event", "Cumulative Loss Trigger Event"], ["cumulative-net-loss-ratio", "Cumulative Net Loss Ratio", "Cumulative Net Loss Ratio"], ["covenant-trigger-event", "Covenant Trigger Event", "Covenant Trigger Event"], ["trigger-event", "Trigger Event", "Trigger Event"], ["cumulative-net-losses", "Cumulative Net Losses", "Cumulative Net Losses"]], "related_snippets": [], "updated": "2025-07-06T21:58:36+00:00"}, "json": true, "cursor": ""}}