Required Loss Percentage. For any Distribution Date, the applicable percentage for such Distribution Date set forth in the following table: DISTRIBUTION DATE OCCURRING IN REQUIRED LOSS PERCENTAGE ----------------------------- ------------------------------- August 2007 - July 2008 3.50% with respect to August 2007, plus an additional 1/12th of 1.25% for each month thereafter August 2008 - July 2009 4.75% with respect to August 2008, plus an additional 1/12th of 1.00% for each month thereafter August 2009 - July 2010 5.75% with respect to August 2009, plus an additional 1/12th of 0.25% for each month thereafter August 2010 and thereafter 6.00% Required Percentage: As of any Distribution Date following a Stepdown Date, the quotient of (1) the excess of (A) the aggregate Stated Principal Balance of the Mortgage Loans as of such Distribution Date, over (B) the Certificate Principal Balance of the most senior Class of Certificates outstanding as of such Distribution Date, prior to giving effect to distributions to be made on such Distribution Date and (2) the aggregate Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

Required Loss Percentage. With respect to any Payment Date, the applicable percentage for such Payment Date as set forth in the following table: Payment Date Required Loss Percentage March 2008 through February 2009 3.25% with respect to March 2008, plus an additional 1/12th of 2.00% for each month thereafter March 2009 through February 2010 5.25% with respect to March 2009, plus an additional 1/12th of 1.25% for each month thereafter March 2010 through February 2011 6.50% with respect to March 2010, plus an additional 1/12th of 0.25% for each month thereafter March 2011 and thereafter 6.75%

Examples of Required Loss Percentage in a sentence

Rate equals or exceeds applicable % multiplied by Required %NO2) Cumulative Loss % exceeds Stepdown Required Loss Percentage (J > K).NO NOStepdown Date:Relevant information:Class A and R Balances 654,403,149.6656.5% of Stated Balance 467,016,481.70 Earlier of:1) Class A Paydown NO2.) The later of:A) First payment date when Class A and R are reduced to less than or equal to56.5% of Stated Balance.
Cumulative Loss % exceeds Stepdown Required Loss Percentage (J > K).YES YES NOCurrent Forgiven Principal (1) Cumulatvie Forgiven Principal (1) Current Deferred Principal (2) Cumulatvie Deferred Principal (2)0.001,404,501.390.002,802,023.14Stepdown Date:Relevant information: Class A Certificate Balance 75.4% of Stated Balance63,902,718.7755,625,806.34The later of:1) First payment date when Class A Certificate balance is reduced to less than or equal to 75.4% of Stated Balance.

More Definitions of Required Loss Percentage

Required Loss Percentage. For any Distribution Date, the applicable percentage for such Distribution Date set forth in the following table: DISTRIBUTION DATE OCCURRING IN REQUIRED LOSS PERCENTAGE ------------------------------ ------------------------ August 2006 - July 2007 2.50% with respect to August 2006, plus an additional 1/12th of 0.75% for each month thereafter August 2007 - July 2008 3.25% with respect to August 2007, plus an additional 1/12th of 0.75% for each month thereafter August 2008 - July 2009 4.00% with respect to August 2008, plus an additional 1/12th of 1.25% for each month thereafter August 2009 and thereafter 5.25% Required Percentage: As of any Distribution Date following a Stepdown Date, the quotient of (1) the excess of (A) the Stated Principal Balances of the Mortgage Loans as of such Distribution Date, over (B) the Certificate Principal Balance of the most senior Class of Certificates outstanding, prior to giving effect to distributions to be made on such Distribution Date and (2) the Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

Required Loss Percentage. For any Distribution Date, the applicable percentage for such Distribution Date set forth in the following table: DISTRIBUTION DATE OCCURRING IN REQUIRED LOSS PERCENTAGE REQUIRED LOSS PERCENTAGE --------------------------------------- ------------------------ January 2008 - December 2008 6.00% with respect to January 2008, plus an additional 1/12 of 1.00% for each month thereafter January 2009 - December 2009 7.00% with respect to January 2009, plus an additional 1/12 of 1.00% for each month thereafter January 2010 - December 2010 8.00% with respect to January 2010, plus an additional 1/12 of 1.50% for each month thereafter January 2011 - December 2011 9.50% with respect to January 2011, plus an additional 1/12 of 0.50% for each month thereafter January 2012 and thereafter 10.00% Required Percentage: As of any Distribution Date following a Stepdown Date, the quotient of (1) the excess of (A) the Stated Principal Balances of the Mortgage Loans as of such Distribution Date, over (B) the Certificate Principal Balance of the most senior Class of Certificates outstanding, prior to giving effect to distributions to be made on such Distribution Date and (2) the Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

Required Loss Percentage. For any Distribution Date, the applicable percentage for such Distribution Date set forth in the following table: DISTRIBUTION DATE OCCURRING IN REQUIRED LOSS PERCENTAGE ------------------------------ ------------------------ July 2008 - June 2009 4.75% with respect to July 2008, plus an additional 1/12th of 3.50% for each month thereafter July 2009 - June 2010 8.25% with respect to July 2009, plus an additional 1/12th of 2.75% for each month thereafter July 2010 - June 2011 11.00% with respect to July 2010, plus an additional 1/12th of 2.00% for each month thereafter July 2011 - June 2012 13.00% with respect to July 2011, plus an additional 1/12th of 0.75% for each month thereafter July 2012 and thereafter 13.75%

Required Loss Percentage. For any Distribution Date, the applicable percentage for such Distribution Date set forth in the following table: DISTRIBUTION DATE OCCURRING IN REQUIRED LOSS PERCENTAGE September 2006 - August 2007 2.75% with respect to September 2006, plus an additional 1/12th of 1.75% for each month thereafter September 2007 - August 2008 4.50% with respect to September 2007, plus an additional 1/12th of 1.25% for each month thereafter September 2008 - August 2009 5.75% with respect to September 2008, plus an additional 1/12th of 0.75% for each month thereafter -38- September 2009 - August 2010 6.50% with respect to September 2009, plus an additional 1/12th of 0.25% for each month thereafter September 2010 and thereafter 6.75% Required Percentage: As of any Distribution Date following a Stepdown Date, the quotient of (1) the excess of (A) the Stated Principal Balances of the Mortgage Loans as of such Distribution Date, over (B) the Certificate Principal Balance of the most senior Class of Certificates outstanding, prior to giving effect to distributions to be made on such Distribution Date and (2) the Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

Required Loss Percentage. With respect to any Payment Date, the applicable percentage for such Payment Date as set forth in the following table: Payment Date Required Loss Percentage [ ] 2007 through [ ] 2008 [ ]% with respect to [ ] 2007, plus an additional 1/12th of [ ]% for each month thereafter [ ] 2008 through [ ] 2009 [ ]% with respect to [ ], plus an additional 1/12th of [ ]% for each month thereafter [ ] 2009 through [ ] 2010 [ ]% with respect to [ ], plus an additional 1/12th of [ ]% for each month thereafter [ ] 2010 and thereafter [ ]%

Required Loss Percentage. With respect to any Payment Date, the applicable percentage for such Payment Date as set forth in the following table: Payment Date Required Loss Percentage May 2009 to April 2010 1.40% with respect to May 2009, plus an additional 1/12th of 1.70% for each month thereafter May 2010 to April 2011 3.10% with respect to May 2010, plus an additional 1/12th of 1.90% for each month thereafter May 2011 to April 2012 5.00% with respect to May 2011, plus an additional 1/12th of 1.50% for each month thereafter May 2012 to April 2013 6.50% with respect to May 2012, plus an additional 1/12th of 0.95% for each month thereafter May 2013 to April 2014 7.45% with respect to May 2013, plus an additional 1/12th of 0.20% for each month thereafter May 2014 and thereafter 7.65%

Required Loss Percentage. With respect to any Payment Date, the applicable percentage for such Payment Date as set forth in the following table: Payment Date Required Loss Percentage ------------------------------ ----------------------------------------------- December 2007 to November 2008 1.60% with respect to December 2007, plus an additional 1/12th of 1.95% for each month thereafter December 2008 to November 2009 3.55% with respect to December 2008, plus an additional 1/12th of 1.45% for each month thereafter December 2009 to November 2010 5.00% with respect to December 2009, plus an additional 1/12th of 1.00% for each month thereafter December 2010 to November 2011 6.00% with respect to December 2010, plus an additional 1/12th of 0.25% for each month thereafter December 2011 and thereafter 6.25%

Required Loss Percentage definition

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