Cumulative Realized Losses Test definition

Cumulative Realized Losses Test means, to be considered "satisfied" for any Remittance Date:
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Cumulative Realized Losses Test means, to be considered "satisfied" for any Payment Date, that the Cumulative Realized Loss Ratio for such Payment Date is less than or equal to 7.5%.
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Cumulative Realized Losses Test is satisfied for any Distribution Date on which the cumulative principal amount of Charged-Off Loans, net of Recoveries is equal to or less than the percentage of the Initial Pool Balance set forth below for the specified period: June 2005 through June 2010 15 % September 2010 through June 2013 18 % September 2013 and thereafter 20 %
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Examples of Cumulative Realized Losses Test in a sentence

  • Sub-Pool HE Cumulative Realized Losses Test (a) Cumulative Realized Losses for current Payment Date (as a percentage of Cut-Off Date Pool Principal Balance; may not exceed 9%) .00% 45.

  • In the event that the Servicer is in default under the terms of the Pooling and Servicing Agreement, or if the Servicer Termination Delinquency Test or Servicer Termination Cumulative Realized Losses Test are not satisfied, the servicing of the mortgages will be transferred to the Back-up Servicer.

  • Trigger Event: A Trigger Event is in effect if on that Payment Date: (i) the three month rolling average percentage of the Home Improvement Loans that are 60 days or more delinquent in payment of principal and interest exceeds the product of (a) the Senior Enhancement Percentage for the certificates and (b) [17.50%]; or (ii) the Cumulative Realized Losses Test is not satisfied.

  • Sub-Pool HE Cumulative Realized Losses Test (a) Cumulative Realized Losses for current Payment Date (as a percentage of Cut-Off Date Pool Principal Balance; may not exceed 9%) .00% GREEN TREE FINANCIAL CORPORATION CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS GREEN TREE TRUST 1997-C MONTHLY REPORT JULY 1997 Page 19 Distribution Date: 8/15/97 CUSIP#: 393505 VG4 VH2 VJ8 VK5 VL3 VM1 VN9 VP4 VQ2 Trust Account: 3335753-0 47.

  • Sub-Pool HE Cumulative Realized Losses Test (a) Cumulative Realized Losses for current Payment Date (as a percentage of Cut-Off Date Pool Principal Balance; may not exceed 9%) .04% GREEN TREE FINANCIAL CORPORATION CERTIFICATES FOR HOME IMPROVEMENT & HOME EQUITY LOANS GREEN TREE TRUST 1997-A MONTHLY REPORT SEPTEMBER 1997 Page 19 Distribution Date: 10/15/97 CUSIP#: 393505 TF9 TG7 TH5 TJ1 TK8 TL6 TM4 TN2 TP7 TQ5 TR3 Trust Account: 3335560-0 47.


More Definitions of Cumulative Realized Losses Test

Cumulative Realized Losses Test means, to be considered "satisfied" for ------------------------------- any Payment Date, that the Cumulative Realized Loss Ratio for the Group I Loans or Group II Loans, as applicable, for such Payment Date is less than or equal to the percentage set forth below: Group I Loans Group II Loans Payment Date Percentage Percentage ------------ ---------- ---------- February 2004 - January 2005 4.50% 5.25% February 2005- January 2006 5.50% 7.00% February 2006 - January 2007 6.00% 8.50% February 2007 and thereafter 6.25% 8.75%
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Cumulative Realized Losses Test means, to be considered "satisfied" for ------------------------------- any Payment Date, that the Cumulative Realized Loss Ratio for the Loans for such Payment Date is less than or equal to the percentage set forth below for the specified period: Month Percentage ----- ---------- 37-48 4.25% 49-60 5.75% 61-72 6.50% 73 and thereafter 6.75%
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Cumulative Realized Losses Test is satisfied for any Distribution Date on which the cumulative principal amount of Charged-Off Loans, net of Recoveries is equal to or less than the percentage of the Initial Pool Balance set forth below for the specified period: Percentage of Distribution Date Initial Pool Balance ---------------------------------------------- -------------------- June 2004 through June 2009................... 15% September 2009 through June 2012.............. 18% September 2012 and thereafter................. 20%
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Cumulative Realized Losses Test means, to be considered "satisfied" for ------------------------------- any Payment Date, that the Cumulative Realized Loss Ratio as of such Payment Date is less than or equal to 7.5%.
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Cumulative Realized Losses Test means, to be considered "satisfied" for any Payment Date:
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Cumulative Realized Losses Test means, to be considered "satisfied" for ------------------------------- any Payment Date, that the Cumulative Realized Loss Ratio for the Fixed Rate Loans or Adjustable Rate Loans, as applicable, for such Payment Date is less than or equal to the percentage set forth below: Adjustable Fixed Rate Loans Rate Loans Payment Date Percentage Percentage ------------ ---------- ---------- December 2003 - November 2004 4.00% 3.75% December 2004 - November 2005 5.00% 4.50% December 2005 - November 2007 5.50% 5.00% December 2007 and thereafter 5.75% 5.25%
Sample 1
Cumulative Realized Losses Test means, to be considered "satisfied" for any Payment Date, that the Cumulative Realized Loss Ratio for such Payment Date is less than or equal to the percentage set forth below:
Sample 1