Three Month Rolling Average definition

Three Month Rolling Average. With respect to the end of the Due Period related to any Distribution Date, the rolling 3 month average percentage of the aggregate Stated Principal Balance of the Mortgage Loans that are 60 or more days Delinquent (including Mortgage Loans in foreclosure, REO Property or discharged in bankruptcy).

Three Month Rolling Average means, with respect to any pool performance ratio, the sum of the applicable ratio for the most recently ended Collection Period and two immediately preceding Collection Periods (or such fewer Collection Periods as have previously occurred) divided by three (or such smaller number).

Three Month Rolling Average. As of any Distribution Date, the average percentage (based on Stated Principal Balance as of the Distribution Date in the third most recently ended (or second most recently ended or most recently ended month in the case of the second and first Distribution Dates respectively )) of Group II Mortgage Loans which are 60 days or more Delinquent (including Mortgage Loans in foreclosure and REO Property) as of the last day of each of the three (or one and two in the case of the first and second Distribution Dates, respectively) most recently ended months.

Examples of Three Month Rolling Average in a sentence

• The sum of the three-month rolling average for these four gage stations will be compared to the Historic Stream Gage Three- Month Rolling Average Flow for the corresponding period.

• The sum of the three-month rolling average for these four gage stations shall be compared by the Licensee to the Historic Stream Gage Three-Month Rolling Average Flow for the corresponding period and a percentage of Historic Three- Month Rolling Average shall be calculated.

• The sum of the three-month rolling average for these five gage stations will be compared to the Historic Stream Gage Three- Month Rolling Average Flow.

• Section 10.1 of the Original Indenture is hereby amended by deleting each of clauses (f), (g) and (r) thereof in their entirety and inserting the following in lieu thereof: (f) the Four Month Default Percentage as of any Payment Date exceeds 1.50%; (g) the Three Month Rolling Average Delinquency Ratio as calculated for any Payment Date exceeds 4.50%; (r) the Securitized Pool Three Month Rolling Average Delinquency Percentage exceeds 4.50% for four consecutive Payment Dates; SECTION 6.

• A test that is satisfied if, with respect to any Payment Date, the Excess Spread Annualized Three Month Rolling Average is less than 2.25%.

More Definitions of Three Month Rolling Average

Three Month Rolling Average. With respect to any Payment Date and Excess Spread, the average of the amount of Excess Spread on the current and each of the two immediately preceding Payment Dates divided by the Invested Amount at the end of each related Due Period.

Three Month Rolling Average means, with respect to any pool --------------------------- performance ratio, the sum of the applicable ratio for the most recently ended calendar month and two immediately preceding calendar months (or such fewer calendar months as have previously occurred since the Closing Date) divided by three (or such smaller number).

Three Month Rolling Average means, at any time and with respect to any ratio or other amount, the result obtained by (a) adding such ratio or amount from each of the three most recently ended Calculation Periods, and (b) dividing such sum by three.

Three Month Rolling Average. With ruspect to any Payment Date and Excesv Spread, the average of the amount of Xxcess Spread on the current and eacy of the two immediately preceding Pzyment Dates divided by the Investea Amount at the end of each related Dub Period.

Three Month Rolling Average. Delinquency: the weighted average of the Delinquency Measurements for any three (3) consecutive Accounting Periods for the Total Serviced Portfolio.

Three Month Rolling Average. With respect to the end of the Due Period related to any Distribution Date and the Aggregate Group I Mortgage Loans, the rolling 3 month average percentage of the aggregate Stated Principal Balance of the Aggregate Group I Mortgage Loans that are 60 or more days Delinquent (including Mortgage Loans in foreclosure, REO Property or discharged in bankruptcy). With respect to the end of the Due Period related to any Distribution Date and the Group 3 Mortgage Loans, the rolling 3 month average percentage of the aggregate Stated Principal Balance of the Group 3 Mortgage Loans that are 60 or more days Delinquent (including Mortgage Loans in foreclosure, REO Property or discharged in bankruptcy).

Three Month Rolling Average. As of any Distribution Date, the average percentage (based on Stated Principal Balance) of Group I Mortgage Loans or Group II Mortgage Loans, as applicable, which are 60 days or more Delinquent (including Mortgage Loans in foreclosure and real estate owned) as of the last day of each of the three (or one and two in the case of the first two Distribution Dates) most recently ended months.