Examples of Cumulative Loss Test in a sentence
A Trigger Event will be in effect on a Distribution Date if either the Delinquency Test or the Cumulative Loss Test is failed.
If the Cumulative Loss Test is not satisfied on the Calculation Date immediately preceding a Payment Date during the Interest-Only Period, amounts that would have been otherwise potentially distributed to the Holders of the Income Notes will be used to purchase additional Collateral Debt Securities to the extent necessary to satisfy the Cumulative Loss Test.
The Stepdown Requirement is satisfied on any Payment -------------------- Date on or after the Payment Date in August 2001 if, as of such Payment Date, (x) the Rolling Delinquency Percentage is less than ____%, (y) the Cumulative Loss Test is satisfied and (z) the Annual Loss Percentage (Rolling Six Month) is not greater than or equal to ____%.
Yet, while this literature has focused on high-profile cases of India, Indonesia and Kenya where there was clear elite collusion, there is often very little evidence of elite involvement in other contexts.
A Trigger Event will be in effect for a Group on a Distribution Date if either the Delinquency Test or the Cumulative Loss Test for such Group is failed.