Common use of Two Payment-Plus Rolling Average Clause in Contracts

Two Payment-Plus Rolling Average. As to any Payment Date, the average of the Two Payment-Plus Delinquency Percentage for each of the three (3) immediately preceding Collection Periods.

Appears in 4 contracts

Sources: Sale and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2006-2), Sale and Servicing Agreement (HSBC Home Equity Loan Corp I), Sale and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2006-1)

Two Payment-Plus Rolling Average. As to any Payment Distribution Date, the average of the Two Payment-Plus Delinquency Percentage for each of the three (3) immediately preceding Collection Periods.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (HSBC Home Equity Loan Corp I), Pooling and Servicing Agreement (HSBC Home Equity Loan Corp I)