Required Transferor Subordinated Amount definition

Required Transferor Subordinated Amount has the meaning in the Insurance Agreement. The "Sale and Servicing Agreement" is the Sale and Servicing Agreement of even date with this Indenture among the Sponsor, the Depositor, the Trust, and the Indenture Trustee.

Required Transferor Subordinated Amount has the meaning given to it in the Adoption Annex.

Required Transferor Subordinated Amount means the Required Transferor Subordinated Amount as defined in the Insurance Agreement

Examples of Required Transferor Subordinated Amount in a sentence

• The "Available Transferor Subordinated Amount" for each Loan Group is, for any Payment Date, the lesser of the related Allocated Transferor Interest and the related Required Transferor Subordinated Amount.

• Except on the Scheduled Maturity Date, on each Payment Date, the Indenture Trustee shall distribute out of the Payment Account to the Holders of the Principal Amount Notes the Investor Principal Collections to the extent required to meet the Required Transferor Subordinated Amount.

• In connection with any transfer, the related Net Draws shall be reduced by the aggregate Asset Balances as of the Transfer Date of the Mortgage Loans transferred, and the excess, if any, will be applied to reduce the related Allocated Transferor Interest (but not below the related Required Transferor Subordinated Amount).

• Except on the Payment Date in the month specified in the Adoption Annex, on each Payment Date, the Indenture Trustee shall distribute out of the Payment Account to the Holders of the Principal Amount Notes the Investor Principal Collections to the extent required to meet the Required Transferor Subordinated Amount.

• Subject to the conditions below, the holder of the Class R-1 Certificates may require the transfer of Mortgage Loans in a Loan Group from the Trust to the holder of the Class R-1 Certificates as of the close of business on a Payment Date (the "Transfer Date") in an amount not in excess of the sum of the related outstanding Net Draws at the time and the excess of the related Allocated Transferor Interest over the related Required Transferor Subordinated Amount at the time .

More Definitions of Required Transferor Subordinated Amount

Required Transferor Subordinated Amount has the meaning in the Insurance Agreement.

Required Transferor Subordinated Amount has the meaning given to it in the Insurance Agreement, and that definition shall remain in effect notwithstanding the existence of a Credit Enhancer Default.

Required Transferor Subordinated Amount. As defined in the Insurance --------------------------------------- Agreement.

Required Transferor Subordinated Amount for each Loan Group and the related Class of Notes, means

Required Transferor Subordinated Amount for any Payment Date, means (x) prior to the Stepdown Date 2.95% of the Original Note Principal Balance; and (y) after the Stepdown Date, the greater of (A) of 0.50% of the Original Note Principal Balance and (B) (i) if the Stepdown Delinquency Test and the Stepdown Cumulative Loss Test have each been met, 5.90% of the Loan Pool Balance as of the last day of the related Collection Period or (ii) if either the Stepdown Delinquency Test or the Stepdown Cumulative Loss Test has not been met, the Required Transferor Subordinated Amount for the immediately preceding Payment Date.

Required Transferor Subordinated Amount has the meaning in the Insurance Agreement. The "Sale and Servicing Agreement" is the Sale and Servicing Agreement of even date with this Indenture among the Sponsor, the Depositor, the Trust, and the Indenture Trustee. The "Scheduled Maturity Date" is the Payment Date in July 2029. The "Servicing Fee Rate" is 0.50% per annum. The "Trust" is the CWABS Revolving Home Equity Loan Trust, Series 2004-G, a Delaware statutory trust established pursuant to the Trust Agreement, dated as of June 28, 2004, between Countrywide Home Loans, Inc., the Depositor and Wilmington Trust Company. The date in each year by which the Issuer will furnish an Opinion of Counsel pursuant to Section 3.06(b) is September 30 beginning in 2005. The first year after which an annual compliance statement pursuant to Section 3.09 is due is 2004. The date in each year by which the Indenture Trustee will furnish reports pursuant to Section 7.04 is March 15 beginning in 2005. The title of the Payment Account is "JPMorgan Chase Bank, as Indenture Trustee, Payment Account for the registered holders of Revolving Home Equity Loan Asset Backed Notes, Series 2004-G and Ambac Assurance Corporation." The Payment Date referred to in Section 8.03(b) is the Payment Date in December 2029. The date of the Prospectus Supplement is June 28, 2004. Addresses for notices under Section 11.04 are: For the Issuer at: CWABS Revolving Home Equity Loan Trust, Series 2004-G Wilmington Trust Company, as Owner Trustee Rodney Square North 1100 Xxxxh Market Street Xxxxxxxxxx, XX 00000-0000 Xxxxxxxxx: Xxxxxxxxx Xrust Administration; For the Credit Exxxncer at: Ambac Assurance Corporation One State Street Plaza Xxx Xxxx, Xxx Xxxx 00000 Xxxxxxxxx: Xxxxxxxx Xxset Backed Securities Group For the Rating Agencies at: in the case of Standard & Poor's: Standard & Poor's Ratings Services, a division of The McGraw Hill Companies, Inc. 55 Water Street New Yorx, XX 00000 xxx xx xxx xxxx xx Xxxxx'x, Moody's Investors Service, Inc. 99 Church Street, 4th Floor Xxx Xxxx, XX 00000 Ann-2-4 EXHIBIT B FORM OF CUSTODIAL AGREEMENT ------------------------------------------------------------------------------ CWABS REVOLVING HOME EQUITY LOAN TRUST, SERIES 2004-G Issuer Countrywide Home Loans, Inc. Master Servicer JPMORGAN CHASE BANK Indenture Trustee TREASURY BANK, NATIONAL ASSOCIATION Custodian ------------------------------ CUSTODIAL AGREEMENT Dated as of [___________], 20[__] 20[__]-[_] ------------------------------ -------------------------...

Required Transferor Subordinated Amount for each Loan Group and the related Classes of Notes, means an amount equal to the sum of (a) 0.50% of the related aggregate Note Principal Balance as of the Closing Date and (b) 100% of the aggregate principal balances of all Mortgage Loans in the Loan Group that are 180 days or more contractually delinquent as of the last day of the related Collection Period (including Mortgage Loans that are in foreclosure or are REOs). The "Scheduled Maturity Date" is the Payment Date in July 2036. The "Servicing Fee Rate" is 0.50% per annum.