Current Realized Loss Ratio definition
Current Realized Loss Ratio. With respect to any Distribution Date, the annualized percentage derived from the fraction, the numerator of which is the sum of the aggregate Realized Losses for the three preceding Prepayment Periods and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balances for such Distribution Date and the preceding two Distribution Dates.
Current Realized Loss Ratio means, as to any Remittance Date, a fraction, expressed as a percentage, the numerator of which is the aggregate Realized Losses for such Remittance Date and each of the two immediately preceding Remittance Dates, multiplied by four, and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balance as of the third preceding Remittance Date and the Pool Scheduled Principal Balance as of such Remittance Date.
Current Realized Loss Ratio. As to any Payment Date, a fraction, expressed as a percentage, the numerator of which is the aggregate Realized Losses for such Payment Date and each of the two immediately preceding Payment Dates, multiplied by four, and the denominator of which is the arithmetic average of the Pool Principal Balance as of the third preceding Payment Date and the Pool Principal Balance as of such Payment Date.
Examples of Current Realized Loss Ratio in a sentence
Current Realized Losses Test (a) Current Realized Losses for current Remittance Date ---------- (b) Current Realized Loss Ratio (total Realized Losses for most recent three months, multiplied by 4, divided by arithmetic average of Pool Scheduled Principal Balances for third preceding Remittance Date and for current Remittance Date; may not exceed 3.50%) ---------- 30.
Current Realized Losses Test _____________ (a) Current Realized Losses for current Remittance Date _____________ (b) Current Realized Loss Ratio (total Realized Losses for most recent three months, multiplied by 4, divided by arithmetic average of Pool Scheduled Principal Balances for third preceding Remittance Date and for current Remittance Date; may not exceed 3.50%) _____________ 27.
More Definitions of Current Realized Loss Ratio
Current Realized Loss Ratio. As to any Remittance Date, the annualized percentage derived from the fraction, the numerator of which is the sum of the Aggregate Net Liquidation Losses for the three preceding Due Periods and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balances for such Remittance Date and the preceding two Remittance Dates.
Current Realized Loss Ratio. As to any Distribution Date, the annualized percentage equivalent of the fraction, the numerator of which is the sum of the Aggregate Net Liquidation Losses for the three preceding Collection Periods and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balances for such Distribution Date and the preceding two Distribution Dates.
Current Realized Loss Ratio means, with respect to any Distribution Date, a fraction, expressed as a percentage, the numerator of which is aggregate of Realized Losses as of such Distribution Date and each of the two immediately preceding Distribution Dates, multiplied by four, and the denominator of which is the arithmetic average of the Pool Balance as of the third preceding Distribution Date and the Pool Balance as of such Distribution Date.
Current Realized Loss Ratio. With respect to the first Distribution Date, the annualized percentage equivalent of the fraction, the numerator of which is the Current Realized Losses for the preceding Due Period and the denominator of which is the Aggregate Contract Balance for such Distribution Date. With respect to the second Distribution Date, the annualized percentage equivalent of the fraction, the numerator of which is the Current Realized Losses for the two preceding Due Periods and the denominator of which is the arithmetic average of the Aggregate Contract Balances for such Distribution Date and the immediately preceding Distribution Date. With respect to any Distribution Date thereafter, the annualized percentage equivalent of the fraction, the numerator of which is the sum of the Current Realized Losses for the three preceding Due Periods and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balances for such Distribution Date and the preceding two Distribution Dates.
Current Realized Loss Ratio. As to any Settlement Date, the annualized percentage equivalent of the fraction, the numerator of which is the average of the Aggregate Net Liquidation Losses for the three preceding Collection Periods and the denominator of which is the arithmetic average of the aggregate of the Scheduled Principal Balances for such Settlement Date and the preceding two Settlement Dates.
Current Realized Loss Ratio. As to any Distribution Date, the annualized --------------------------- percentage equivalent of the fraction, the numerator of which is the sum of the Aggregate Net Liquidation Losses for the three preceding Collection Periods and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balances for such Distribution Date and the preceding two Distribution Dates. Cut-Off Date: February 29, 2000. ------------ Cut-Off Date Pool Principal Balance: $339,998,804.98. ----------------------------------- Deficiency: With respect to any Contract that is a Liquidated Contract, ---------- the amount by which (i) the outstanding principal balance of such Contract, plus accrued and unpaid interest thereon at the related Contract Rate to the Due Date for such Contract in the Collection Period in which such Contract became a Liquidated Contract exceeds (ii) the Net Liquidation Proceeds for such Contract.
Current Realized Loss Ratio means, as of any date of determination, a fraction, expressed as a percentage, (a) the numerator of which is (i) the aggregate Realized Losses for such date of determination and for the two months immediately preceding the period so covered, multiplied by (ii) four, and (b) the denominator of which is the arithmetic average of (i) the Pool Principal Balance as of the third preceding distribution date and (ii) the Pool Principal Balance as of such date of determination.