Step Up Rolling Loss Test. The Step Up Rolling Loss Test will be met with respect to a Distribution Date , if the Annual Loss Percentage is equal to or more than ____%.
Step Up Rolling Loss Test. The Step Up Rolling Loss Test will be met with respect to a Payment Date, if the Rolling Loss Percentage is equal to or more than 1.25%.
Step Up Rolling Loss Test. As such term is defined in the Insurance and Indemnity Agreement.
Examples of Step Up Rolling Loss Test in a sentence
For any Payment Date, the Step Up Trigger for both Groups will have occurred if any one of the Step Up Cumulative Loss Test, the Step Up Rolling Delinquency Test or the Step Up Rolling Loss Test is met for both Groups with respect to such Payment Date.
The Step Up Rolling Loss Test for both Groups will be met with respect to a Payment Date if the Rolling Loss Percentage for both Groups for such Payment Date is 1.50% or more.
More Definitions of Step Up Rolling Loss Test
Step Up Rolling Loss Test. With respect to the Fixed Rate Group and any Distribution Date, a determination that the Rolling Loss Percentage is equal to or greater than 1.00%.
Step Up Rolling Loss Test. The Step Up Rolling Loss Test will be met with respect to a Distribution Date as follows: (i) for the 1st through the 12th Distribution Dates, if the weighted average of the Annualized Monthly Loss Percentage for the six months preceding for such Distribution Date is equal to or more than 1.00%; (ii) for the 13th through the 24th Distribution Dates, if the weighted average of the Annualized Monthly Loss Percentage for the six months preceding for such Distribution Date is equal to or more than 1.40%; (iii) for the 25th through the 36th Distribution Dates, if the weighted average of the Annualized Monthly Loss Percentage for the six months preceding such Distribution Date is equal to or more than 1.65%; (iv) for the 37th through the 48th Distribution Dates, if the weighted average of the Annualized Monthly Loss Percentage for the six months preceding for such Distribution Date is equal to or more than 1.65%; and (v) for 49th Distribution Date and any Distribution Date thereafter, if the weighted average of the Annualized Monthly Loss Percentage for the six months preceding for such Distribution Date is equal to or more than 1.40%.
Step Up Rolling Loss Test. With respect to any Distribution Date and either Mortgage Loan Group, a determination as to whether the Rolling Loss Percentage for such Distribution Date and such Mortgage Loan Group is 1.00% or more.
Step Up Rolling Loss Test. The Step Up Rolling Loss Test will be met with ------------------------- respect to a Distribution Date and the PWRES Mortgage Loans if the Rolling Loss Percentage for such Distribution Date and such PWRES Mortgage Loans is 1.25% or more.
Step Up Rolling Loss Test. The Step Up Rolling Loss Test will be met with respect to a Payment Date if the weighted average of the aggregate Realized Losses during the preceding six Due Periods (or, on any Payment Date prior to the sixth Payment Date, for each Due Period since the Cut-off Date) (such weighted average to be computed on the basis of the Principal Balance as of the first day of each such Due Period), multiplied by twelve, is greater than or equal to 1.50% of the aggregate Principal Balance of the Mortgage Loans (including REO Properties) as of the first day of such six-month (or shorter) period. STEP UP SPREAD SQUEEZE TEST: The Step Up Spread Squeeze Test will be met with respect to a Payment Date if the Spread Squeeze Condition is met for such Payment Date or was met for any of the five preceding Payment Dates.
Step Up Rolling Loss Test. The Step Up Rolling Loss Test will be met with respect to a Distribution Date if the aggregate Realized Losses during the twelve calendar months preceding such Distribution Date (or such fewer number of calendar months which have occurred since the Cut-off Date) exceed (i) for the 1st though 12th Distribution Dates, 0.75% of the aggregate Principal Balance of the Mortgage Loans at the beginning of such twelve month period, (ii) for the 13th though 24th Distribution Dates, 1.3% of the aggregate Principal Balance of the Mortgage Loans at the beginning of such twelve month period, (iii) for the 25th though 36th Distribution Dates, 3.25% of the aggregate Principal Balance of the Mortgage Loans at the beginning of such twelve month period, (iv) for the 37th though 48th Distribution Dates, 4.5% of the aggregate Principal Balance of the Mortgage Loans at the beginning of such twelve month period, (v) for the 49th though 60th Distribution Dates, 5.5% of the aggregate Principal Balance of the Mortgage Loans at the beginning of such twelve month period, (vi) for the 61st though 72nd Distribution Dates, 6.25% of the aggregate Principal Balance of the Mortgage Loans at the beginning of such twelve month period, (vii) for the 73rd though 84th Distribution Dates, 6% of the aggregate Principal Balance of the Mortgage Loans at the beginning of such twelve month period, (viii) for the 85th though 96th Distribution Dates, 5% of the aggregate Principal Balance of the Mortgage Loans at the beginning of such twelve month period, and (ix) for the 97th though 108th Distribution Dates, 4% of the aggregate Principal Balance of the Mortgage Loans at the beginning of such twelve month period.
Step Up Rolling Loss Test. A test which is satisfied on any Determination ------------------------- Date and the related Distribution Date if the Mortgage Loan Losses on all Mortgage Loans during the preceding 12 months are less than 2.25% of the Pool Principal Balance as of the first day of the 12-month period.