Group II Delinquency Percentage definition

Group II Delinquency Percentage. For each Distribution Date and as to Group II , the Scheduled Principal Balance of the Mortgage Loans in Group II that, as of the last day of the related Prepayment Period, are 60 or more days Delinquent as a percentage of the Scheduled Principal Balance of the Mortgage Loans in Group II.
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Group II Delinquency Percentage. With respect to any Distribution Date, the rolling three month average of the percentage equivalent of a fraction, the numerator of which is (x) the aggregate Principal Balances of all Group II Loans which are, without duplication, (i) 90 or more days Delinquent (ii) in bankruptcy and 90 days or more Delinquent under the related Mortgage Note, (iii) REO Mortgage Loans and (iv) Group II Loans for which foreclosure proceedings have commenced and the denominator of which is (y) the Group II Pool Principal Balance as of such Distribution Date.
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Group II Delinquency Percentage means with respect to Group II and any date of determination, the average of the percentage equivalents of the fractions determined for each of the three immediately preceding Remittance Periods the numerator of each of which is equal to (x) the sum (without duplication) of (i) the aggregate Loan Balance of the Home Equity Loans in Group II which are 90-Day Delinquent Loans, (ii) the aggregate Loan Balance of the Home Equity Loans in Group II in foreclosure and (iii) the aggregate Loan Balance of the Home Equity Loans in Group II relating to REO Properties, in each case as of the end of such Remittance Period and the denominator of which is (y) the aggregate Loan Balance of the Home Equity Loans in Group II as of the end of such Remittance Period.
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More Definitions of Group II Delinquency Percentage

Group II Delinquency Percentage. With respect to any Distribution Date, the percentage obtained by dividing (x) the aggregate Stated Principal Balance of (i) Group II Mortgage Loans Delinquent 60 days or more (including Mortgage Loans repurchased since the prior Distribution Date), (ii) REO Properties related to the Group II Mortgage Loans and (iii) Group II Mortgage Loans in foreclosure and in bankruptcy (excluding any such Group II Mortgage Loans which are less than 60 days Delinquent under the bankruptcy plan) by (y) the aggregate Stated Principal Balance of the Group II Mortgage Loans, in each case, calculated prior to taking into account payments of principal on the Group II Mortgage Loans due on the related Due Date or received during the related Prepayment Period.
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Group II Delinquency Percentage. As of the last day of the related Due Period, the percentage equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of all Group II Mortgage Loans that, as of the last day of the previous calendar month, are 60 or more days delinquent, are in foreclosure, have been converted to REO Properties or are in bankruptcy (and Delinquent 60 days or more), and the denominator of which is the aggregate Stated Principal Balance of the Group II Mortgage Loans and REO Properties in Loan Group II as of the last day of the previous calendar month; provided, however, that any Mortgage Loan purchased by the related Servicer pursuant to Section 3.16(c) shall not be included in either the numerator or the denominator for purposes of calculating the Group II Delinquency Percentage.
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Group II Delinquency Percentage means with respect to the Group II, the rolling three month average of the percentage equivalent of a fraction, the numerator of which is (x) the sum (without duplication) of (i) the aggregate Loan Balances of all Home Equity Loans in Group II which are 90 or more days delinquent, (ii) the aggregate Loan Balance of all Home Equity Loans in Group II in foreclosure and (iii) the aggregate Loan Balance of all Home Equity Loans in Group II relating to REO Mortgaged Properties (in each case, including, without limitation, Home Equity Loans for which the related Mortgagor is in bankruptcy) and the denominator of which is (y) the aggregate Loan Balance of the Home Equity Loans in Group II as of the end of the related Due Period. EXHIBIT N RESERVED EXHIBIT O FORM OF LETTER REGARDING REPORTING OBLIGATIONS UNDER THE SECURITIES EXCHANGE ACT OF 1934 July 21, 1999 The Chase Manhattan Bank 450 West 33rd Street 15xx Xxxxx Xxx Xxxx, XX 00001-2690 Xx: Xxxxx Xxxxxx Xxxxxxxxxx Xxxxxxxxxxx Xxxx Equity Loan Trust 1999-LB1 Home Equity Loan Asset-Backed Certificates, Series 1999-LB1 Ladies and Gentlemen: Pursuant to and in reference to Section 7.09(c) of the Pooling and Servicing Agreement dated as of June 1, 1999 relating to the above referenced Certificates, please note the following:
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Group II Delinquency Percentage. For each Distribution Date and as to Group I , the Scheduled Distribution Date and as to Group II , the Scheduled Principal Balance of the Mortgage Loans in Group I Principal Balance of the Mortgage Loans in Group II that, as of such Distribution Date, are 60 or more that, as of such Distribution Date, are 60 or more days days Delinquent as a percentage of the Scheduled Delinquent as a percentage of the Scheduled Principal Principal Balance of the Mortgage Loans in Group I. Balance of the Mortgage Loans in Group II. "GROUP I EXTRA PRINCIPAL DISTRIBUTION AMOUNT": "GROUP II EXTRA PRINCIPAL DISTRIBUTION AMOUNT": With With respect to any Distribution Date, to the extent respect to any Distribution Date, to the extent of Group of Group I Interest Funds pursuant to Section II Interest Funds pursuant to Section 3.02(b)(v) and 3.02(a)(v) and Group II Interest Funds available Group I Interest Funds available for the purpose for the purpose pursuant to Section 3.02(f)(v) pursuant to Section 3.02(e)(v) hereof, an amount equal hereof, an amount equal to the excess of (i) all to the excess of (i) all Realizes Losses with respect to Realized Losses with respect to Group I (including Group II (including any such losses for such date) over any such losses for such date) over (ii) all Extra (ii) all Extra Principal Distribution Amounts for Group Principal Distribution Amounts for Group I on the II on the preceding Due Date. preceding Due Date. "GROUP I INTEREST FUNDS": With respect to Group I "GROUP II INTEREST FUNDS": With respect to Group II and and any Master Servicer Remittance Date, to the any Master Servicer Remittance Date, to the extent extent actually deposited in the Master Servicer actually deposited in the Master Servicer Custodial Custodial Account, the sum, without duplication, of Account, the sum, without duplication, of (i) all (i) all scheduled interest collected during the scheduled interest collected during the related Due related Due Period with respect to Group I less the Period with respect to Group II less the Group II Group I Servicing Fee and the Group I Master Servicing Fee and the Group II Master Servicing Fee, Servicing Fee, (ii) all Advances relating to (ii) all Advances relating to interest with respect to interest with respect to Group I, (iii) all Month Group II, (iii) all Month End Interest with respect to End Interest with respect to Group I and (iv) Group II and (iv) Liquidation Proceeds with respect to Liquidation Proceeds with respect t...
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Related to Group II Delinquency Percentage

  • Delinquency Percentage means, for any Payment Date and the related Collection Period, an amount equal to the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of all 60-Day Delinquent Receivables as of the last day of such Collection Period to (ii) the Pool Balance as of the last day of such Collection Period.

  • Sixty-Plus Delinquency Percentage With respect to any Distribution Date and the Mortgage Loans, the arithmetic average, for each of the three Distribution Dates ending with such Distribution Date, of the fraction, expressed as a percentage, equal to (x) the aggregate Stated Principal Balance of the Mortgage Loans that are 60 or more days delinquent in payment of principal and interest for that Distribution Date, including Mortgage Loans in foreclosure and REO, over (y) the aggregate Stated Principal Balance of all of the Mortgage Loans immediately preceding that Distribution Date.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • 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.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • REMIC I Overcollateralized Amount With respect to any date of determination, (i) 1% of the aggregate Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) minus (ii) the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, in each case as of such date of determination.

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Prepayment Percentage for such Distribution Date will be zero.

  • REMIC II Overcollateralization Amount With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Balances of the REMIC II Regular Interests (other than REMIC II Regular Interest P) minus (ii) the aggregate of the Uncertificated Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11, in each case as of such date of determination.

  • Delinquency Amount means, as of any Distribution Date, the Principal Balance of all Contracts that were delinquent 60 days or more as of the end of the related Due Period (including Contracts in respect of which the related Motorcycles have been repossessed and are still in inventory).

  • Excess Overcollateralized Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed) over (ii) the Overcollateralization Target Amount for such Distribution Date.

  • Quarterly Excess Spread Percentage means, with respect to the August 2008 Distribution Date and each Distribution Date thereafter, 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.

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Group II Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group II Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans before giving effect to distributions of principal to be made on such Distribution Date over (b) the aggregate Certificate Principal Balance of the Class A Certificates and Class M Certificates immediately prior to such date.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-4 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Prepayment Percentage for such Distribution Date will be zero.

  • Specified Overcollateralization Amount means for any Distribution Date, the greater of:

  • Excess Spread Percentage for any Distribution Date means a fraction, the numerator of which is the Excess Spread Amount for such Distribution Date multiplied by 12 and the denominator of which is the sum of the Nominal Liquidation Amounts of all Tranches of DiscoverSeries Notes as of the first day of the related Due Period.

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).