Cross-Over Situation definition

Cross-Over Situation. For any Distribution Date and for each Loan Group (after taking into account principal distributions on such Distribution Date) with respect to the Class A and Class B Lower Tier REMIC Interests, a situation in which the Class A and Class B Interests corresponding to any Loan Group are in the aggregate less than 1% of the Subordinated Portion of the Loan Group to which they correspond.

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Cross-Over Situation. For any Distribution Date and for any Mortgage Pool (after taking into account principal distributions on such Distribution Date) a Cross-Over Situation exists with respect to the Class A and Class B Interests of the Mortgage Pool if such Interests in the aggregate are less than 1% of the Subordinated Portion of the Mortgage Pool.

Cross-Over Situation. For any Distribution Date and for any Loan Group (after taking into account principal distributions on such Distribution Date) a Cross-over Situation exists with respect to the Class A and Class B Interests of the Loan Group if such Interests in the aggregate are less than 1% of the Assumed Balance of the related Loan Group.

Examples of Cross-Over Situation in a sentence

• If no Cross-Over Situation exists with respect to any Class of Interests, then principal amounts arising with respect to each such Mortgage Pool will be allocated: first to cause the Mortgage Pool's corresponding Class A and Class B to equal, respectively, 0.9% of the SP and 0.1% of the SP; and second to the Mortgage Pool's corresponding Class C Interest.

• If no Cross-Over Situation exists with respect to any Class of Interests, then Principal Amounts arising with respect to each such Mortgage Pool will be allocated: first to cause the Mortgage Pool's corresponding Class A and Class B to equal, respectively, 0.9% of the SP and 0.1% of the SP; and second to the Mortgage Pool's corresponding Class C Interest.

• If no Cross-Over Situation exists with respect to any Class of Interests, then principal amounts arising with respect to each such Mortgage Pool will be allocated: first to cause the Mortgage Pool's corresponding Class [ ] and Class [ ] to equal, respectively, [ ]% of the SP and [ ]% of the SP; and second to the Mortgage Pool's corresponding Class [ ] Interest.

• Funding and corresponding activity that is withdrawn from the HHS may be reallocated to an alternate provider that can undertake the activity.

• In the event that a Cross-Over Situation exists on any Distribution Date, and the weighted average rate of the outstanding LT1 and LT2 interests related to a Class of Subordinate Certificates is greater than the Pass-Through Rate for such class of Subordinate Certificates, a Principal Relocation Payment shall be made proportionately to such outstanding LT2 interests prior to any other distributions of principal from each such Loan Group.

More Definitions of Cross-Over Situation

Cross-Over Situation. For any Distribution Date and for any Loan Group (after taking into account principal distributions on such Distribution Date) a Cross-Over Situation exists with respect to the Class A and Class B Interests of the Loan Group if such Interests in the aggregate are less than 1% of the Subordinated Portion of the related Loan Group. Cut-off Date: March 1, 2004. Cut-off Date Pool Principal Balance: $549,610,578.27.

Cross-Over Situation. For any Distribution Date and for any Mortgage Pool (after taking into account principal distributions on such Distribution Date) a Cross-Over Situation exists with respect to the Class A and Class B Interests of the Mortgage Pool if such Interests in the aggregate are less than 1% of the Subordinated Portion of the Mortgage Pool. CTX: CTX Mortgage Company, LLC, or any successor in interest.

Cross-Over Situation. For any Distribution Date and for each Loan Group (after taking into account principal distributions on such Distribution Date) with respect to (1) the Class A and Class B REMIC 2 Interests, a situation in which the Class A and Class B Interests corresponding to any Loan Group are in the aggregate less than 1% of the Subordinate Component Balance of the Loan Group to which they correspond and (2) the Class C and Class D REMIC 2 Interests, a situation in which the Class C and Class D Interests corresponding to any Loan Group are in the aggregate less than 1% of the Adjusted Subordinate Component Balance of the Loan Group to which they correspond.

Cross-Over Situation. Not applicable.

Cross-Over Situation. With respect to any Distribution Date and Loan Group 2 and Loan Group 3 (after taking into account principal distributions on such Distribution Date), a Cross-Over Situation shall exist (i) with respect to the R-2-A, R-2-B and R-2-C Interests, if the R-2-A, R-2-B and R-2-C Inte▇▇▇▇▇ ▇▇▇ ▇▇ the aggregate less than 1% of the Subordinate Component Balance of Loan Group 2 and Loan Group 3.

Cross-Over Situation. Not applicable. Cut-off Date: June 1, 2007.

Cross-Over Situation. For any Distribution Date and for any Mortgage Pool (after taking into account principal distributions on such Distribution Date) a Cross-Over Situation exists with respect to the Class A and Class B Interests of the Mortgage Pool if such Interests in the aggregate are less than 1% of the Subordinated Portion of the Mortgage Pool. Custodian: ▇▇▇▇▇ Fargo with respect to those Mortgage Loans for which ▇▇▇▇▇ Fargo is listed under the heading “Custodian” in the Mortgage Loan Schedule.