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.

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. Cut-off Date: November 1, 2005.

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.

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.

• 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.

• 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.

• If no Cross-Over Situation exists with respect to any Class of Interests, then Principal Amounts arising with respect to each such Mortgage Pool shall 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.

More Definitions of Cross-Over Situation

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 Pool Subordinate Amount of the Mortgage Pool. CTX: CTX Mortgage Company, LLC, or its 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 and R-2-B Interests, if the R-2-A and R-2-B Interests are in the aggregate less than 1% of the Subordinate Component Balance of Loan Group 2 and Loan Group 3 and (ii) with respect to the R-2-C and R-2-D Interests, if the R-2-C and R-2-D Interests are in the aggregate less than 1% of the Adjusted Subordinate Component Balance of Loan Group 2 and Loan Group 3.

Cross-Over Situation. For any Distribution Date and for any Loan Group in Aggregate Loan Group II (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. Cut-off Date: September 1, 2007. Cut-off Date Pool Principal Balance: $709,190,824.77.

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

Cross-Over Situation. As defined in the Preliminary Statement.