Group I Cumulative Loss Trigger Event definition

Group I Cumulative Loss Trigger Event. A Group I Cumulative Loss Trigger Event has occurred with respect to a Distribution Date on or after the Distribution Date in November 2005, if the percentage obtained by dividing (x) the aggregate amount of Realized Losses incurred with respect to the Group I Mortgage Loans from the Cut-off Date through the last day of the related Due Period by (y) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the Cut-off Date, exceeds the applicable percentage set forth below for such Distribution Date: Distribution Date Occurring in Cumulative Loss Percentage ---------------------------------- ----------------------------------------------------- November 2005 through October 2006 2.45% for the first month, plus an additional 1/12th of 1.70% for each month thereafter. November 2006 through October 2007 4.15% for the first month, plus an additional 1/12th of 0.95% for each month thereafter. November 2007 through October 2008 5.10% for the first month, plus an additional 1/12th of 0.75% for each month thereafter. November 2008 through October 2009 5.85% for the first month, plus an additional 1/12th of 0.70% for each month thereafter. November 2009 and thereafter 6.55% for each month
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Group I Cumulative Loss Trigger Event means, with respect to any Distribution Date and the Group I Mortgage Loans, that the fraction, expressed as a percentage, obtained by dividing (x) the aggregate amount of cumulative Realized Losses incurred on the Group I Mortgage Loans from the Cut-Off Date through the last day of the related Due Period by (y) the aggregate principal balance of the Group I Mortgage Loans as of the Cut-Off Date, exceeds the applicable percentages described below with respect to such Distribution Date:
Sample 1
Group I Cumulative Loss Trigger Event. If, with respect to any Distribution Date, the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses in Loan Group I incurred since the Cut-off Date through the last day of the related Due Period, divided by (y) the Group I Cut-off Date Pool Principal Balance, exceeds the applicable Cumulative Loss Percentages for Loan Group I.
Sample 1

More Definitions of Group I Cumulative Loss Trigger Event

Group I Cumulative Loss Trigger Event. With respect to any Distribution Date and the Group I Home Equity Loans, shall have occurred if the fraction, expressed as a percentage, obtained by dividing (x) the aggregate amount of cumulative Realized Losses incurred on the Group I Home Equity Loans from the Cut-Off Date through the last day of the related Remittance Period by (y) the aggregate Loan Balance of the Group I Home Equity Loans as of the Cut-Off Date, exceeds the applicable percentage described below with respect to such Distribution Date: April 25, 2005 to March 25, 2006 2.50% for the first month, plus an additional 1/12th of 1.00% for each month thereafter April 25, 2006 to March 25, 2007 3.50% for the first month, plus an additional 1/12th of 0.75% for each month thereafter April 25, 2007 to March 25, 2008 4.25% for the first month, plus an additional 1/12th of 0.50% for each month thereafter April 25, 2008 to March 25, 2009 4.75% for the first month, plus an additional 1/12th of 0.50% for each month thereafter April 25, 2009 and thereafter 5.25%
Sample 1
Group I Cumulative Loss Trigger Event. With respect to a Distribution Date on or after the Group I Stepdown Date, the aggregate amount of Realized Losses on the Mortgage Loans in Aggregate Loan Group I from (and including) the Cut-off Date to the related Due Date (reduced by the aggregate amount of Subsequent Recoveries related to Aggregate Loan Group I received from the Cut-off Date through the Prepayment Period related to that Due Date) exceeds the applicable percentage, for such Distribution Date, of the aggregate State Principal Balance of the Mortgage Loans in Aggregate Loan Group I as set forth below: Distribution Date Percentage ----------------- ---------- March 2008 - February 2009..................... 0.20% with respect to March 2008, plus an additional 1/12th of 0.30% for each month thereafter through February 2009 March 2009 - February 2010..................... 0.50% with respect to March 2009, plus an additional 1/12th of 0.35% for each month thereafter through February 2010 March 2010 - February 2011..................... 0.85% with respect to March 2010, plus an additional 1/12th of 0.40% for each month thereafter through February 2011 March 2011 - February 2012..................... 1.25% with respect to March 2011, plus an additional 1/12th of 0.45% for each month thereafter through February 2012 March 2012 - February 2013..................... 1.70% with respect to March 2012, plus an additional 1/12th of 0.15% for each month thereafter through February 2013 March 2013 and thereafter...................... 1.85%
Sample 1
Group I Cumulative Loss Trigger Event. With respect to any Payment Date, if the fraction, expressed as a percentage, obtained by dividing (x) the aggregate amount of cumulative Realized Losses incurred with respect to Group I from the Cut-off Date through the last day of the related Due Period, less any related Subsequent Recoveries, by (y) the Initial Pool Balance with respect to Group I, exceeds the applicable percentages described below with respect to such Payment Date: September 2007 through August 2008 1.75% for the first month, plus an additional 1/12th of 0.50% for each month thereafter September 2008 through August 2009 2.25% for the first month, plus an additional 1/12th of 1.00% for each month thereafter September 2009 through August 2010 3.25% for the first month, plus an additional 1/12th of 0.50% for each month thereafter September 2010 and thereafter 3.75%
Sample 1
Group I Cumulative Loss Trigger Event. With respect to any Distribution Date and the Group I Home Equity Loans, shall have occurred if the fraction, expressed as a percentage, obtained by dividing (x) the aggregate amount of cumulative Realized Losses minus the aggregate amount of any Recoveries incurred on the Group I Home Equity Loans from the Cut-Off Date through the last day of the related Remittance Period by (y) the aggregate Loan Balance of the Group I Home Equity Loans as of the Cut-Off Date, exceeds the applicable percentage described below with respect to such Distribution Date: Distribution Date Loss Percentage October 2007 to September 2008: 2.00% for the first month, plus an additional 1/12th of 1.25% for each month thereafter. October 2008 to September 2009: 3.25% for the first month, plus an additional 1/12th of 0.75% for each month thereafter. October 2009 to September 2010: 4.00% for the first month, plus an additional 1/12th of 0.25% for each month thereafter. October 2010 and thereafter: 4.25%
Sample 1
Group I Cumulative Loss Trigger Event means, with respect to any Distribution Date and the Group I Mortgage Loans, that the fraction, expressed as a percentage, obtained by dividing (x) the aggregate amount of cumulative Realized Losses incurred on the Group I Mortgage Loans from the Cut-Off Date through the last day of the related Due Period by (y) the aggregate principal balance of the Group I Mortgage Loans as of the Cut-Off Date, exceeds the applicable percentages described below with respect to such Distribution Date: July 2005 - June 2006 2.25% for the first month, plus an additional 1/12th of 1.50% for each month thereafter. July 2006 - June 2007 3.75% for the first month, plus an additional 1/12th of 1.00% for each month thereafter. July 2007 - June 2008 4.75% for the first month, plus an additional 1/12th of 1.00% for each month thereafter. July 2008 and thereafter 5.75%
Sample 1

Related to Group I Cumulative Loss Trigger Event

  • Cumulative Loss Trigger Event With respect to any Distribution Date, a Cumulative Loss Trigger Event exists if the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by (y) the Cut-off Date Pool Principal Balance exceeds the applicable cumulative loss percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Cumulative Loss Percentage ------------------------------ -------------------------- May 2008 through April 2009 1.400% for the first month, plus an additional 1/12th of 1.700% for each month thereafter (e.g., 2.250% in November 2008) May 2009 through April 2010 3.100% for the first month, plus an additional 1/12th of 1.700% for each month thereafter (e.g., 3.950% in November 2009) May 2010 through April 2011 4.800% for the first month, plus an additional 1/12th of 1.400% for each month thereafter (e.g., 5.500% in November 2010) May 2011 through April 2012 6.200% for the first month, plus an additional 1/12th of 0.700% for each month thereafter (e.g., 6.550% in November 2011) May 2012 and thereafter 6.900%

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.

  • Total Monthly Excess Spread As to any Distribution Date, an amount equal to the excess if any, of (i) the interest on the Mortgage Loans received by the Servicer on or prior to the related Determination Date or advanced by the Servicer for the related Remittance Date (net of Expense Fees) over (ii) the sum of the amounts payable to the Certificates pursuant to Section 4.02(a)(i) on such Distribution Date.

  • Excess Cash Flow Payment Period means, with respect to the repayment required on each Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Delinquency Trigger Event means, for any Collection Period, the aggregate Principal Balance of Delinquent Receivables that have been Delinquent Receivables for 61 days or more as a percentage of the Pool Balance as of the last day of the Collection Period exceeding or being equal to 6.62%.

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Cumulative Loss Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the calendar month preceding the month in which such Distribution Date occurs and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Cumulative Excess Cash Flow means the sum of Excess Cash Flow (but not less than zero in any period) for the fiscal year ending on December 31, 2013 and Excess Cash Flow for each succeeding completed fiscal year.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Group II Stepdown Date The later to occur of (i) the Distribution Date in [Month/Year] or (ii) the first Distribution Date on which (A) the Group II Class A Certificate Principal Balance (reduced by the Group II Principal Funds with respect to such Distribution Date) is less than or equal to (B) ___% of the Stated Principal Balances of the Group II Mortgage Loans plus the Pre-Funded Amount allocable to Loan Group II, in each case, as of such Distribution Date.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • Specified Spread Account Balance means on the Closing Date, % of the sum of the Pool Balance as of the [Initial] Cutoff Date and on any Payment Date thereafter the lesser of, (a) % of the [sum of (i) the] Pool Balance as of the [Initial] Cutoff Date [plus (ii) the aggregate Contract Value of all Subsequent Receivables sold to the Trust as of their respective Cutoff Dates] and (b) the outstanding principal amount of the Notes. However, if (A) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) will be reduced to % on such Payment Date and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Dates as provided in the following clauses (B), (C) or (D); (B) if the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Date in [Month] 20XX or any Payment Date thereafter and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (C) or (D); (C) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (D); and (D) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter, [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter. In addition to the ability to amend the “Specified Spread Account Balance” definition pursuant to Section 9.1(a) of the Indenture, the Specified Spread Account Balance may also be reduced or modified without the consent of the Holders of the Notes if the Rating Agency Condition is satisfied with respect to such reduction or modification.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Ratings Trigger Event has the meaning set forth in Section 3.14 of the Sale and Servicing Agreement.

  • Group I Stepdown Date The later to occur of (i) the Distribution Date in [Month/Year] or (ii) the first Distribution Date on which the Group I Class A Certificate Principal Balance (reduced by the Group I Principal Funds with respect to such Distribution Date) is less than or equal to ____% of the Stated Principal Balances of the Group I Mortgage Loans plus the Pre-Funded Amount allocable to Loan Group I, in each case, as of the Distribution Date.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Quarterly Excess Spread Percentage means, for each Determination Date, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.