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: Distribution Date Percentage of Initial Pool Balance Closing Date through June 2011 Distribution Date 15 % September 2011 Distribution Date through June 2014 Distribution date 18 % September 2014 Distribution Date 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.

  • Cumulative Realized Losses Test (a) Cumulative Realized Losses for the current Remittance Date (as a percentage of Cut-off Date Pool Principal Balance; may not exceed 5.5% from April 1, 2001 to Mar 31, 2002, 6.5% from April 1, 2002 to Mar.31, 2003, 8.5% from April 1, 2003 to Mar.

  • Cumulative Realized Losses Test (a) Cumulative Realized Losses for the current Remittance Date (as a percentage of Cut-off Date Pool Principal Balance; may not exceed 5.5% from April 1, 2001 to Mar.

  • Cumulative Realized Losses Test (a) Cumulative Realized Losses for the current Remittance Date (as a percentage of Cut-off Date Pool Principal Balance; June not exceed 5.5% from April 1, 2001 to Mar 31, 2002, 6.5% from April 1, 2002 to Mar.31, 2003, 8.5% from April 1, 2003 to Mar.


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 Loans for such Payment Date is less than or equal to the percentage set forth below for the specified period: Month Percentage ----- ---------- 37-48 4.75% 49-60 5.75% 61-72 6.25% 73 and thereafter 6.50%
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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 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 ------------ ------------- -------------- June 2004 - May 2005 4.50% 5.25% June 2005 - May 2006 5.50% 7.00% June 2006 - May 2007 6.00% 8.50% June 2007 and thereafter 6.25% 8.75%
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Cumulative Realized Losses Test is satisfied for any Quarterly 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 ------------------------------------------- -------------------- December 2003 to June 2008................. 15% September 2008 to June 2011................ 18% September 2011 and thereafter.............. 20%
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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 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, that the Cumulative Realized Loss Ratio for such Payment Date is less than or equal to the percentage set forth below for the specified period:
Sample 1
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%
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