Cumulative Net Credit Event Percentage. With respect to each Payment Date, a percentage equal to (i) the aggregate Credit Event Amount for such Payment Date and all prior Payment Dates less the aggregate Reversed Credit Event Amount for such Payment Date and all prior Payment Dates; divided by (ii) the aggregate unpaid principal balance of the Reference Obligations in the Reference Pool as of the Cut-off Date.
Appears in 5 contracts
Samples: Global Agency Agreement, Global Agency Agreement, Stacr® Debt Agreement
