Step Up Cumulative Loss Test. The Step Up Cumulative Loss Test will be met with respect to a Distribution Date as follows: (i) for the 1st through the 12th Distribution Dates, if the Cumulative Loss Percentage for such Distribution Date is more than 1.00%; (ii) for the 13th through the 24th Distribution Dates, if the Cumulative Loss Percentage for such Distribution Date is more than 1.50%; (iii) for the 25th through the 36th Distribution Dates, if the Cumulative Loss Percentage for such Distribution Date is more than 1.90%; (iv) for the 37th through the 48th Distribution Dates, if the Cumulative Loss Percentage for such Distribution Date is more than 2.40%; and (v) for the 49th Distribution Date and any Distribution Date thereafter, if the Cumulative Loss Percentage for such Distribution Date is more than 3.00%.
Step Up Cumulative Loss Test. The Step Up Cumulative Loss Test will be met with respect to a Distribution Date as follows: (i) for the ___ through the ____ Distribution Dates, if the Cumulative Loss Percentage for such Distribution Date is more than ____%; (ii) for the ____ through the ____ Distribution Dates, if the Cumulative Loss Percentage for such Distribution Date is more than ____%; (iii) for the ____ through the ____ Distribution Dates, if the Cumulative Loss Percentage for such Distribution Date is more than ____%; (iv) for the ____ through the ____ Distribution Dates, if the Cumulative Loss Percentage for such Distribution Date is more than ____%; and (v) for the ____ Distribution Date and any Distribution Date thereafter, if the Cumulative Loss Percentage for such Distribution Date is more than ____%.
Step Up Cumulative Loss Test. The Step Up Cumulative Loss Test will be met with respect to a Payment Date as follows: (i) for the through the Payment Dates, if the Cumulative Loss Percentage for such Payment Date is more than %; (ii) for the through the Payment Dates, if the Cumulative Loss Percentage for such Payment Date is more than %; (iii) for the through the Payment Dates, if the Cumulative Loss Percentage for such Payment Date is more than %; (iv) for the through the Payment Dates, if the Cumulative Loss Percentage for such Payment Date is more than %; and (v) for the Payment Date and any Payment Date thereafter, if the Cumulative Loss Percentage for such Payment Date is more than %.
More Definitions of Step Up Cumulative Loss Test
Step Up Cumulative Loss Test. The Step Up Cumulative Loss Test will be met with respect to a Payment Date as follows: (i) for the 1st through the 12th Payment Dates, if the Cumulative Loss Percentage for such Payment Date is more than 0.85%; (ii) for the 13th through the 24th Payment Dates, if the Cumulative Loss Percentage for such Payment Date is more than 1.20%; (iii) for the 25th through the 36th Payment Dates, if the Cumulative Loss Percentage for such Payment Date is more than 1.95%; (iv) for the 37th through the 48th Payment Dates, if the Cumulative Loss Percentage for such Payment Date is more than 2.75%; (v) for the 49th through the 60th Payment Dates, if the Cumulative Loss Percentage for such Payment Date is more than 3.30% and (vi) for the 61st Payment Date and any Payment Date thereafter, if the Cumulative Loss Percentage for such Payment Date is more than 4.10%.
Step Up Cumulative Loss Test. As such term is defined in the Insurance and Indemnity Agreement.
Step Up Cumulative Loss Test. With respect to the Adjustable Rate Group and any Distribution Date, a determination as to whether: (i) for any Distribution Date occurring prior to December 1998, the Loss Percentage for such Mortgage Loan Group and Distribution Date is greater than 1.00%; (ii) for any Distribution Date occurring in or after December 1998 but prior to December 1999, the Loss Percentage for such Mortgage Loan Group and Distribution Date is greater than 1.25%; (iii) for any Distribution Date occurring in or after December 1999 but prior to December 2000, the Loss Percentage for such Mortgage Loan Group and Distribution Date is greater than 2.00%; (iv) for any Distribution Date occurring in or after December 2000 but prior to December 2001, the Loss Percentage for such Mortgage Loan Group and Distribution Date is greater than 2.50%; and (v) for any Distribution Date occurring in or after December 2001, the Loss Percentage for such Mortgage Loan Group and Distribution Date is greater than 3.00%.
Step Up Cumulative Loss Test. The Step Up Cumulative Loss Test will be met with respect to a Distribution Date as follows: (i) for the 1st through the 12th Distribution Dates, if the Cumulative Loss Percentage for such Distribution Date is more than 1.7%; (ii) for the 13th through the 24th Distribution Dates, if the Cumulative Loss Percentage for such Distribution Date is more than 2.5%; (iii) for the 25th through the 36th Distribution Dates, if the Cumulative Loss Percentage for such Distribution Date is more than 3.5%; (iv) for the 37th through the 48th Distribution Dates, if the Cumulative Loss Percentage for such Distribution Date is more than 4.8%; (v) for the 49th through 60th Distribution Date, if the Cumulative Loss Percentage for any Distribution Date is more than 5.5% and for the 61st Distribution Date and any Distribution Date thereafter, if the Cumulative Loss Percentage for such Distribution Date is more than 6.0%.
Step Up Cumulative Loss Test. With respect to the Fixed Rate Group and any Distribution Date, a determination as to whether: (i) for any Distribution Date occurring prior to June 1999, the Loss Percentage for such Mortgage Loan Group and Distribution Date is greater than 0.85%; (ii) for any Distribution Date occurring in or after June 1999 but prior to June 2000, the Loss Percentage for such Mortgage Loan Group and Distribution Date is greater than 1.00%; (iii) for any Distribution Date occurring in or after June 2000 but prior to June 2001, the Loss Percentage for such Mortgage Loan Group and Distribution Date is greater than 1.75%; (iv) for any Distribution Date occurring in or after June 2001 but prior to June 2002, the Loss Percentage for such Mortgage Loan Group and Distribution Date is greater than 2.25%; and (v) for any Distribution Date occurring in or after June 2002, the Loss Percentage for such Mortgage Loan Group and Distribution Date is greater than 2.75%.
Step Up Cumulative Loss Test. The Step Up Cumulative Loss Test will be met with respect to a Distribution Date as follows: (i) for the 1st through the 12th Distribution Dates, if the Loss Percentage for the related Loan Group for such Distribution Date is more than 0.75%; (ii) for the 13th through the 24th Distribution Dates, if the Loss Percentage for the related Loan Group for such Distribution Date is more than 1.50%; (iii) for the 25th through the 36th Distribution Dates, if the Loss Percentage for the related Loan Group for such Distribution Date is more than 2.25%; (iv) for the 37th through the 48th Distribution Dates, if the Loss Percentage for the related Loan Group for such Distribution Date is more than 3.25%; and (v) for the 49th Distribution Date and any Distribution Date thereafter, if the Loss Percentage for the related Loan Group for such Distribution Date is more than 3.75%.
Step Up Cumulative Loss Test. With respect to any Payment Date, a determination as to whether: (i) for any Payment Date occurring in or prior to March 1998, the Loss Percentage for such Payment Date is more than 0.75%, (ii) for any Payment Date occurring in or prior to March 1999, the Loss Percentage for such Payment Date is more than 1.0%, (iii) for any Payment Date occurring in or prior to March 2000, the Loss Percentage for such Payment Date is more than 1.25%, (iv) for any Payment Date occurring in or prior to March 2001, the Loss Percentage for such Payment Date is more than 1.50% and (v) for any Payment Date occurring in or after April 2001, the Loss Percentage for such Payment Date is more than 2.0%.