Rolling Three Month definition

Rolling Three Month. Delinquency: For any Distribution Date will be the fraction, expressed as a percentage, equal to the average of the related delinquency rates for each of the three (or one and two, in the case of the first and second Distribution Dates) immediately preceding months.
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Rolling Three Month. With respect to any Determination Date, 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 the sum of (without duplication) (i) the aggregate Loan Balance of 90-Day Delinquent Loans, (ii) the aggregate outstanding principal balance of Home Equity Loans in foreclosure and (iii) the aggregate outstanding principal balance of Home Equity Loans relating to REO Properties as of the end of such Remittance Period and the denominator of which is the Loan Balance of all of the Home Equity Loans as of the end of such Remittance Period.
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Rolling Three Month. Delinquency Rate" with respect to any Distribution Date will be the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates) immediately preceding months.
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Examples of Rolling Three Month in a sentence

  • The Annual Default Percentage (Three Month Average), the Pool Annual Default Percentage (Three Month Average), the 30+ Delinquency Percentage (Rolling Three Month), the 60+ Delinquency Percentage (Rolling Three Month), the Pool 60+ Delinquency Percentage (Rolling Three Month) and the Cumulative Default Percentage.

  • The "Rolling Three Month Delinquency Rate" with respect to any Distribution Date will be the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates) immediately preceding months.

  • The following definition set forth in Article I of the Pooling and Servicing Agreement is hereby amended and restated: Trigger Event: A Trigger Event will occur for any Distribution Date if the Rolling Three Month Delinquency Rate as of the last day of the related Collection Period equals or exceeds 5.25%.

  • The minimum time period that each Term Loan shall bear interest at the applicable Increased Rate is three months, provided that after such three month minimum period, if the Rolling Three Month Average Excess Spread Percentage is not less than the Applicable Trigger Percentage, then the Increased Rate shall no longer apply unless and until the Rolling Three Month Average Excess Spread Percentage shall again go below the Applicable Trigger Percentage.

  • The Certificate Insurer may also remove the Master Servicer as follows: (i) upon the failure of the Master Servicer to satisfy the Servicer Termination Test, (ii) Realized Losses over any one twelve-month period exceed 1.50% of the Original Aggregate Loan Balance of the Mortgage Loans or (iii) the 90 + Delinquency Percentage (Rolling Three Month) for the Mortgage Loans exceeds 10.00% of the Original Aggregate Loan Balance of the Mortgage Loans.

  • Cause to be funded into the Credit Agreement Reserve Securities Account all amounts to be funded under, and shall comply with all of the terms of, the Credit Agreement Reserve Securities Account Control Agreement if, as set forth in such Agreement, the Rolling Three Month Average Excess Spread Percentage goes below 2% (1.88% for the August 2003 CARS Account Monitoring Date) with respect to the Metris Master Trust as a whole.

  • Initial requirements for a month not appearing in the immediately preceding Rolling Three Month Forecast may be set by Oakley within the reasonable expectations of the parties.

  • The minimum time period under which the Term Loan shall bear interest at the Default Interest Rate is three months, provided that after such three month minimum period, if the Rolling Three Month Average Excess Spread Percentage is not less than 2%, then the Default Interest Rate shall no longer apply unless and until the Rolling Three Month Average Excess Spread Percentage shall again go below 2%.

  • Cause to be funded into the Credit Agreement Reserve Securities Account all amounts to be funded under, and shall comply with all of the terms of, the Credit Agreement Reserves Securities Account Control Agreement if, as set forth in such Agreement, the Rolling Three Month Average Excess Spread Percentage goes below 2% with respect to the Metris Master Trust as a whole.

  • Yield Book Value Market Value MMA/NOW/Pools1.91%$ 12,080,035 $12,080,035 Current Quarter Average Yield (1) Fiscal Year-to-Date Average Yield (2) Total Portfolio 2.14% Total Portfolio 1.78% Rolling Three Month Treasury 2.08% Rolling Three Month Treasury 1.67%Rolling Six Month Treasury 2.15% Rolling Six Month Treasury 1.73% TexPool 1.62% (1) Average Yield calculated using quarter end report yields and adjusted book values and does not reflect a total return analysis or account for advisory fees.


More Definitions of Rolling Three Month

Rolling Three Month. Delinquency Rate Event"--shall occur with respect to any Payment Date if the average of the Delinquency Rate for the Payment Date and the two Payment Dates immediately preceding the Payment Date is greater than 2.50%.
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Rolling Three Month. Delinquency Rate Event” for any Collection Period, the average of the Delinquency Rate for such Collection Period and the two Collection Periods immediately preceding such Collection Period is greater than 2.50%.
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Related to Rolling Three Month

  • Twelve-Month Period means a period of twelve consecutive months determined on a rolling basis where a new twelve month period begins on the first day of each calendar month.

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.

  • Month means calendar month.

  • Rolling Period means, as of any date, the four Fiscal Quarters ending on or immediately preceding such date.

  • Model Year means the CI engine manufacturer’s annual production period, which includes January 1st of a calendar year, or if the manufacturer has no annual production period, the calendar year.

  • Billing Month is defined in Section 9.1(b).

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Half Year means the period from 1st January to 30th June in any year and the period from 1st July to 31st December in any year;

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Fiscal Month means any of the monthly accounting periods of Borrower.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • months shall be construed in accordance with Clause 1.3;

  • Calendar Month means any of the twelve (12) months of the Calendar Year.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • 12-Month Period means a rolling 12-month period measured backward from the date leave is taken and continuous with each additional leave day taken.

  • Year means a calendar year.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.