Rapid Prepayment Conditions. As to any Distribution Date either of the following conditions: if (1) the Aggregate Subordinate Percentage on such date is less than 200% of the Aggregate Subordinate Percentage on the Closing Date or (2) the outstanding Stated Principal Balance of the Mortgage Loans in any Mortgage Pool delinquent 60 days or months, as a percentage of such Mortgage Pool's Pool Subordinate Amount, is greater than or equal to 50%.
Rapid Prepayment Conditions. As to any Distribution Date, if (1) the Aggregate Subordinate Percentage on such date is less than the Aggregate Subordinate Percentage on the Closing Date; or (2) the outstanding Stated Principal Balance of the Mortgage Loans in any Mortgage Pool that are 60 days or more Delinquent (including such Mortgage Loans in foreclosure, REO Property or bankruptcy status) and any Mortgage Loan in Pool 1 or Pool 2 subject to a Servicing Modification within the 12 months prior to that Distribution Date (averaged over the preceding six month period), as a percentage of the Pool Subordinate Amount of such Mortgage Pool, is greater than or equal to 50%.
Rapid Prepayment Conditions. As to any Distribution Date and the Aggregate Pool if (1) the Subordinate Percentage for the Aggregate Pool on such date is less than 200% of the Subordinate Percentage for the Aggregate Pool on the Closing Date; or (2) the outstanding Stated Principal Balance of the Mortgage Loans in any Mortgage Pool in the Aggregate Pool Delinquent 60 days or more (including Mortgage Loans in REO, foreclosure, or bankruptcy status) averaged over the preceding six-month period, as a percentage of such Mortgage Pool’s Pool Subordinate Amount, is greater than or equal to 50%.
More Definitions of Rapid Prepayment Conditions
Rapid Prepayment Conditions. With respect to any Distribution Date and the Subordinate Certificates, the situation that exists when (1) the Subordinate Percentage for the Subordinate Certificates on such date is less than 200% of such Subordinate Percentage on the Closing Date; or (2) the outstanding Stated Principal Balance of the Mortgage Components in any Subgroup Delinquent 60 days or more (including Mortgage Components in REO and foreclosure) (averaged over the preceding six-month period), as a percentage of the related Subgroup Subordinate Amount, is greater than or equal to 50%.
Rapid Prepayment Conditions. Not applicable.
Rapid Prepayment Conditions. As to any Distribution Date, and Aggregate Pool I if (1) the Aggregate Subordinate Percentage on such date is less than 200% of the Aggregate Subordinate Percentage on the Closing Date; or (2) the outstanding Stated Principal Balance of the Mortgage Loans in any Mortgage Pool in Aggregate Pool I Delinquent 60 days or more (including Mortgage Loans in REO, foreclosure, or bankruptcy status) (averaged over the preceding six-month period), as a percentage of such Mortgage Pool’s Pool Subordinate Amount, is greater than or equal to 50%. As to any Distribution Date, and Aggregate Pool II if (1) the Aggregate Subordinate Percentage on such date is less than 200% of the Aggregate Subordinate Percentage on the Closing Date; or (2) the outstanding Stated Principal Balance of the Mortgage Loans in any Mortgage Pool in Aggregate Pool II Delinquent 60 days or more (including Mortgage Loans in REO, foreclosure, or bankruptcy status) (averaged over the preceding six-month period), as a percentage of such Mortgage Pool’s Pool Subordinate Amount, is greater than or equal to 50%.
Rapid Prepayment Conditions. With respect to any Distribution Date and the Aggregate Pool Subordinate Certificates, (1) the Subordinate Percentage for the Aggregate Pool on such date is less than 200% of such Subordinate Percentage on the Closing Date; and (2) the outstanding Stated Principal Balance of the Mortgage Components in any of Subgroup 1-1, Subgroup 1-2, Subgroup 1-3, Subgroup 1-4, Subgroup 2-1, Subgroup 2-2 or Subgroup 2-3 Delinquent 60 days or more (including Mortgage Components in REO and foreclosure) (averaged over the preceding six-month period), as a percentage of the applicable Subgroup Subordinate Amount, is greater than or equal to 50%.
Rapid Prepayment Conditions. As to any Distribution Date, if (1) the Aggregate Subordinate Percentage on such date is less than 200% of the Aggregate Subordinate Percentage on the Closing Date; or (2) the outstanding Stated Principal Balance of the Mortgage Loans in any Mortgage Pool that are 60 days or more Delinquent (including such Mortgage Loans in REO, foreclosure and bankruptcy status) (averaged over the preceding six month period), as a percentage of the Pool Subordinate Amount of such Mortgage Pool, is greater than or equal to 50%. Rating Agency: Each of Moody’s and S&P.
Rapid Prepayment Conditions. As to any Distribution Date, if (1) Group 2 Aggregate Subordinate Percentage on such date is less than 200% of the Group 2 Aggregate Subordinate Percentage on the Closing Date; or (2) the outstanding Stated Principal Balance of the Mortgage Loans in Pool 2A, Pool 2B or Pool 2C that are 60 days or more Delinquent (including such Mortgage Loans in REO, foreclosure and bankruptcy status) (averaged over the preceding six month period), as a percentage of the Pool Subordinate Amount of such Mortgage Pool, is greater than or equal to 50%.
Rapid Prepayment Conditions. With respect to any Distribution Date and the Subordinate Certificates, (1) the Subordinate Percentage for the Aggregate Pool on such date is less than 200% of such Subordinate Percentage on the Closing Date; and (2) the outstanding Stated Principal Balance of the Mortgage Components or Mortgage Loans in any of Subgroup 1-1, Subgroup 1-2, Subgroup 1-3, Subgroup 1-4, Subgroup 2-1, Subgroup 2-2, Subgroup 2-3, Subgroup 2-4 or Pool 3 Delinquent 60 days or more (including Mortgage Components and Mortgage Loans in REO and foreclosure) (averaged over the preceding six-month period), as a percentage of the applicable Subgroup or Pool Subordinate Amount, is greater than or equal to 50%. Rating Agency: Each of S&P, Fitch Ratings and DBRS.