Group 1 Trigger Event. A Trigger Event has occurred with respect to any Distribution Date on or after the Group 1 Stepdown Date if (i) the related Delinquency Percentage exceeds 50.00% of the Group 1 Senior Enhancement Percentage for such Distribution Date or (ii) the cumulative related Realized Losses (after reduction for all related Subsequent Recoveries received through the end of the related Due Period) as a percentage of the original aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the Closing Date is greater than the percentage set forth in the following table: ____________________ * The percentages indicated are the percentages applicable for the first Distribution Date in the corresponding range of Distribution Dates. The percentage for each succeeding Distribution Date in a range increases incrementally by 1/12th of the positive difference between the percentage applicable to the first Distribution Date in that range and the percentage applicable to the first Distribution Date in the succeeding range.
Group 1 Trigger Event. A Group 1 Trigger Event is in effect with respect to any Distribution Date with respect to the Group 1 Loans if:
Group 1 Trigger Event. With respect to any Distribution Date after the Group 1 Stepdown Date exists if the product of (i) .75 times (ii) the quotient (expressed as a percentage) of (A) the numerator of which is the aggregate Stated Principal Balance for such Distribution Date of all Group 1 Mortgage Loans 60 or more days delinquent as of the preceding Due Date (including Group 1 Mortgage Loans in foreclosure and REO Properties) and (B) the denominator of which is the aggregate Stated Principal Balance for such Distribution Date of all Group 1 Mortgage Loans, equals or exceeds the related Required Percentage.
More Definitions of Group 1 Trigger Event
Group 1 Trigger Event. A Trigger Event has occurred with respect to any Distribution Date on or after the Group 1 Stepdown Date if either (i) the Rolling Three Month Delinquency Rate for such Distribution Date exceeds 44.44% of the Group 1 Senior Enhancement Percentage for such Distribution Date or (ii) the cumulative Realized Losses (after reduction for all Subsequent Recoveries received from the Cut-off Date through the last day of the related Due Period) with respect to the Group 1 Mortgage Loans as a percentage of the original aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the Cut-off Date is greater than the percentage set forth in the following table: ____________________ * The percentages indicated are the percentages applicable for the first Distribution Date in the corresponding range of Distribution Dates. The percentage for each succeeding Distribution Date in a range (other than the range commencing in June 2014) increases incrementally by 1/12th of the positive difference between the percentage applicable to the first Distribution Date in that range and the percentage applicable to the first Distribution Date in the succeeding range.
Group 1 Trigger Event. A Group 1 Trigger Event is in effect with respect to any Distribution Date on or after the Group 1 Stepdown Date if either a Group 1 Delinquency Trigger Event is in effect with respect to that Distribution Date or a Group 1 Cumulative Loss Trigger Event is in effect with respect to that Distribution Date.
Group 1 Trigger Event. With respect to any Payment Date, a Group 1 Trigger Event will be in effect if either (i) the Rolling Three Month Delinquency Average equals or exceeds 14.00% of the Group 1 Senior Enhancement Percentage as of such Payment Date or (ii) the Cumulative Realized Losses on the Group 1 Loans exceed the percentage of the initial Aggregate Loan Balance of the Group 1 Loans for such Payment Date as specified below: Payment Date Percentage of Initial Aggregate Loan Balance of the Group 1 Loans August 2005- July 2008 N/A August 2008- July 2009 6.75% August 2009- July 2010 7.25% August 2010- July 2011 9.50% August 2011- July 2012 11.50% August 2012 and thereafter 12.00%
Group 1 Trigger Event. A Trigger Event is in effect with respect to any Payment Date with respect to the Group 1 Loans if, in the case of any Payment Date after the 36th Payment Date, the three month average of the aggregate principal balance of Group 1 Loans that are 60 or more days delinquent (including for this purpose any such mortgage loans in bankruptcy or foreclosure and Group 1 Loans with respect to which the related mortgaged property has been acquired by the trust) as of the close of business on the last day of the preceding calendar month exceeds 9.00% of the aggregate Stated Principal Balance of the Group 1 Loans. For purposes of the foregoing calculations, a Mortgage Loan is considered "60 days" and "90 days" delinquent if a payment due on the first day of a month has not been received by the second day of the second following month and third following month, respectively.
Group 1 Trigger Event. A Group 1 Trigger Event for Collateral Pool 1 is in effect on any Distribution Date on or after the Stepdown Date if:
Group 1 Trigger Event. With respect to a Distribution Date on or after the Group 1 Stepdown Date, the existence of either a Group 1 Delinquency Trigger Event or a Group 1 Cumulative Loss Trigger Event with respect to that Distribution Date.