Servicer Loss Test. The Servicer Loss Test for any period set out below is satisfied, if the Cumulative Loss Percentage for such period does not exceed the percentage set out for such period below: Cumulative Loss Period Percentage ------ ---------- December 2, 1998 - December 1, 1999 1.00% December 2, 1999 - December 1, 2000 1.75% December 2, 2000 - December 1, 2001 2.50% December 2, 2001 - December 1, 2002 3.25% December 2, 2002 - and thereafter 4.00%
Servicer Loss Test. The Servicer Loss Test is satisfied if the Cumulative Loss Percentage for such period does not exceed the percentage set out for such period below (provided, that for purposes of the calculation of the Servicer Loss Test, Realized Losses attributable solely to Cram Down Losses should be excluded from the calculation of Cumulative Loss Percentage). Period Cumulative Loss Percentage February 2, 1997 - February 1, 1998 0.75% February 2, 1998 - February 1, 1999 1.25% February 2, 1999 - February 1, 2000 1.80% February 2, 2000 - February 1, 2001 2.25% February 2, 2001 - February 1, 2002 2.75%
Servicer Loss Test. The Servicer Loss Test for any period set out below is satisfied, if the Cumulative Loss Percentage for such period does not exceed the percentage set out for such period below (provided, that for purposes of the calculation of the Servicer Loss Test, Realized Losses attributable solely to Cram Down Losses should be excluded from the calculation of Cumulative Loss Percentage): Cumulative Loss Period Percentage
Examples of Servicer Loss Test in a sentence
The decision shall be made summarily, without hearing, unless the BCD judge concludes that a hearing is necessary.
More Definitions of Servicer Loss Test
Servicer Loss Test. The Servicer Loss Test for any period set out below is satisfied, if the Cumulative Loss Percentage for such period does not exceed the percentage set out for such period below (provided, that for purposes of the calculation of the Servicer Loss Test, Realized Losses attributable solely to Cram Down Losses should be excluded from the calculation of Cumulative Loss Percentage): Cumulative Loss Period Percentage ------ ---------- July 1998 - June 1999 1.50% July 1999 - June 2000 2.50% July 2000 - June 2001 3.50% July 2001 - June 2002 4.50% July 2002 - June 2003 5.50% July 2003 and Thereafter 6.50%
Servicer Loss Test. The Servicer Loss Test for each Servicer and with respect to its related Mortgage Loan Servicing Group for any period set out below is satisfied if the Cumulative Loss Percentage as it relates to such Mortgage Loan Servicing Group and such period does not exceed the percentage set out for such period below (provided, that for purposes of the calculation of the Servicer Loss Test, Realized Losses attributable solely to Cram Down Losses shall be excluded from the calculation of Cumulative Loss Percentage): Cumulative Loss Period Percentage --------------------- --------------- September 2, 1997 - September 1, 1998 0.75% September 2, 1998 - September 1, 1999 1.25% September 2, 1999 - September 1, 2000 1.80% September 2, 2000 - September 1, 2001 2.25% September 2, 2001 and thereafter 2.75%
Servicer Loss Test. The Servicer Loss Test for any period set out below is satisfied, if the Cumulative Loss Percentage for such period does not exceed the percentage set out for such period below (provided, that for purposes of the Servicer Loss Test, Realized Losses attributable solely to Cram Down Losses should be excluded from the calculation of Cumulative Loss Percentage): Cumulative Loss Period Percentage [_________ ____ - _________ ____ ____%] [_________ ____ - _________ ____ ____%] [_________ ____ - _________ ____ ____%] [_________ ____ - _________ ____ ____%] [_________ ____ - _________ ____ ____%] [_________ ____ and thereafter ____%]
Servicer Loss Test. With respect to any Distribution Date, a test that is satisfied if the Cumulative Loss Percentage for such Distribution Date does not exceed the percentage below that corresponds to the period (including the beginning and ending dates thereof) in which the last day of the calendar month preceding such Distribution Date falls: Cumulative Loss Period Percentage ------ --------------- June 1, 1999 - June 1, 2000 1.25% June 2, 2000 - June 1, 2001 2.25% June 2, 2001 - June 1, 2002 2.50% June 2, 2002 - June 1, 2003 2.85% June 2, 2003 and thereafter 3.45%
Servicer Loss Test. The Servicer Loss Test for any period set out below is satisfied if the Cumulative Loss Percentage for such period does not exceed the percentage set out for such period below (provided, that for purposes of the calculation of the Servicer Loss Test, Realized Losses attributable solely to Cram Down Losses shall be excluded from the calculation of Cumulative Loss Percentage): Cumulative Loss Period Percentage ------ --------------- September 2, 1998 - September 1, 2000 1.55% September 2, 2000 - September 1, 2001 1.86% September 2, 2001 - September 1, 2002 3.14% September 2, 2002 - September 1, 2003 3.96% September 2, 2003 - September 1, 2004 4.28% September 2, 2004 - September 1, 2005 4.52% September 2, 2005 and thereafter 4.76%
Servicer Loss Test. The Servicer Loss Test for any period set out below is satisfied, if the Cumulative Loss Percentage for such period does not exceed the percentage set out for such period below (provided, that for purposes of the calculation of the Servicer Loss Test, Realized Losses attributable solely to Cram Down Losses should be excluded from the calculation of Cumulative Loss Percentage): Cumulative Loss Period Percentage ------ ---------- December 2, 1997 - December 1, 1998 1.00% December 2, 1998 - December 1, 1999 1.50% December 2, 1999 - December 1, 2000 2.25% December 2, 2000 - December 1, 2001 3.00% December 2, 2001 - and thereafter 3.75%
Servicer Loss Test. The Servicer Loss Test for any period set out below is satisfied if the Cumulative Loss Percentage for such period does not exceed the percentage set out for such period below: Cumulative Loss Period Percentage First twelve months after initial cut-off date 1.5% Next twelve months 3.0% Next twelve months 4.5% Next twelve months 5.5% Thereafter