Cumulative Loss Percentage definition

Cumulative Loss Percentage. With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the calendar month preceding the month in which such Distribution Date occurs and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.

Cumulative Loss Percentage. As to any Distribution Date, the percentage equivalent of the fraction obtained by dividing (i) the aggregate amount of Realized Losses on the Mortgage Loans (after giving effect to coverage provided by any MI Policy) from the Cut-off Date through such Distribution Date by (ii) the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-off Date plus the Original Pre-Funded Amount.

Cumulative Loss Percentage. As to any Payment Date and the Mortgage Loans, the percentage equivalent of the fraction obtained by dividing (i) the aggregate of Realized Losses on the Mortgage Loans from the Cut-Off Date through such Payment Date by (ii) the aggregate Principal Balance of the Mortgage Loans as of the Cut-off Date.

Examples of Cumulative Loss Percentage in a sentence

• Trigger Event: Will be in effect on any Payment Date on or after the Stepdown Date on which either (i) the Two Payment-Plus Rolling Average for such Payment Date equals or exceeds 11.50%, or (ii) the Cumulative Loss Percentage for such Payment Date exceeds the Cumulative Loss Percentage Trigger for such Payment Date.

• In furtherance of the foregoing, the Company may, but in no event shall the Company or any of its Subsidiaries be required to, pay prior to the Effective Time any fee, penalties or other consideration to any third party to obtain any consent or approval required for the consummation of the Merger up to a total of $10,000 without the prior consent of Parent.

• Trigger Event: Will be in effect on any Payment Date on or after the Stepdown Date on which either (i) the Two Payment-Plus Rolling Average for such Payment Date equals or exceeds [ ]%, or (ii) the Cumulative Loss Percentage for such Payment Date exceeds the Cumulative Loss Percentage Trigger for such Payment Date.

• Cumulative Loss Percentage: With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date through the last day of the related Prepayment Period and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.

• Trigger Event: Will be in effect on any Payment Date on or after the Stepdown Date on which either (i) the Two Payment-Plus Rolling Average for such Payment Date equals or exceeds 10.00%, or (ii) the Cumulative Loss Percentage for such Payment Date exceeds the Cumulative Loss Percentage Trigger for such Payment Date.

More Definitions of Cumulative Loss Percentage

Cumulative Loss Percentage. As of any date of determination thereof, the aggregate of all Realized Losses since the Startup Day as a percentage of the Maximum Collateral Amount.

Cumulative Loss Percentage. As of any date of determination thereof, the aggregate of all Liquidated Loan Losses since the Closing Date as a percentage of the sum of (i) the aggregate Principal Balance of the Initial Mortgage Loans as of the Initial Cut-Off Date and (ii) the aggregate Principal Balance of any Subsequent Mortgage Loans transferred to the Trust as of the related Subsequent Cut-Off Date.

Cumulative Loss Percentage. With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the preceding calendar month (reduced by the aggregate amount of Subsequent Recoveries received from the Cut-off Date through the last day of the related Due Period) and the denominator of which is the sum of (i) the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the Cut-off Date and (ii) the Original Pre-Funded Amounts.

Cumulative Loss Percentage. As of any date of determination thereof, the Cumulative Realized Losses as a percentage of the Original Aggregate Loan Balance of the Mortgage Loans.

Cumulative Loss Percentage. With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Applied Realized Loss Amounts incurred from the Cut-off Date to the last day of the preceding calendar month and the denominator of which is the Scheduled Principal Balance of the Mortgage Loans as of the Cut-off Date.

Cumulative Loss Percentage. As to any Collection Period, the fraction (expressed as a percentage) obtained by dividing (i) the Cumulative Realized Losses for such Collection Period, by (ii) the Cut-Off Date Pool Balance.

Cumulative Loss Percentage. As of any date of determination thereof, the percentage obtained by dividing (x) the aggregate of all Liquidated Loan Losses incurred since the Closing Date through the last day of the related Due Period by (y) the Maximum Pool Principal Balance.