Cumulative Net Loss Test. With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage February 2017 to January 2018 0.10% February 2018 to January 2019 0.20% February 2019 to January 2020 0.30% February 2020 to January 2021 0.40% February 2021 to January 2022 0.50% February 2022 to January 2023 0.60% February 2023 to January 2024 0.70% February 2024 to January 2025 0.80% February 2025 to January 2026 0.90% February 2026 to January 2027 1.00% February 2027 to January 2028 1.10% February 2028 to January 2029 1.20% February 2029 and thereafter 1.30% Current Accrual Rate: With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related current Accounting Net Yield; and (ii) the related current mortgage rate thereon (as adjusted for any modifications) minus 0.35%.
Cumulative Net Loss Test means, with respect to any Premium Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below:
Cumulative Net Loss Test. With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage December 2015 to November 2016 0.10% December 2016 to November 2017 0.20% December 2017 to November 2018 0.30% December 2018 to November 2019 0.40% December 2019 to November 2020 0.50% December 2020 to November 2021 0.60% December 2021 to November 2022 0.70% December 2022 to November 2023 0.80% December 2023 to November 2024 0.90% December 2024 to November 2025 1.00% December 2025 to September 2026 1.10% October 2026 to November 2027 1.20% December 2027 and thereafter 1.30% Current Accrual Rate: With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related current Accounting Net Yield; and (ii) the related current mortgage rate thereon (as adjusted for any modifications) minus 0.35%.
More Definitions of Cumulative Net Loss Test
Cumulative Net Loss Test. With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage April 2018 to March 2019 0.10% April 2019 to March 2020 0.20% April 2020 to March 2021 0.30% April 2021 to March 2022 0.40% April 2022 to March 2023 0.50% April 2022 to March 2024 0.60% April 2024 to March 2025 0.70% April 2025 to March 2026 0.80% April 2026 to March 2027 0.90% April 2027 to March 2028 1.00% April 2028 to March 2029 1.10% April 2029 to March 2030 1.20% April 2030 and thereafter 1.30%
Cumulative Net Loss Test. With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage October 2016 to September 2017 0.10% October 2017 to September 2018 0.20% October 2018 to September 2019 0.30% October 2019 to September 2020 0.40% October 2020 to September 2021 0.50% October 2021 to September 2022 0.60% October 2022 to September 2023 0.70% October 2023 to September 2024 0.80% October 2024 to September 2025 0.90% October 2025 to September 2026 1.00% October 2026 to September 2027 1.10% October 2027 to September 2028 1.20% October 2028 and thereafter 1.30%
Cumulative Net Loss Test. With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage July 2015 to June 2016 0.10% July 2016 to June 2017 0.20% July 2017 to June 2018 0.30% July 2018 to June 2019 0.40% July 2019 to June 2020 0.50% July 2020 to June 2021 0.60% July 2021 to June 2022 0.70% July 2022 to June 2023 0.80% July 2023 to June 2024 0.90% July 2024 to June 2025 1.00% July 2025 to June 2026 1.10% July 2026 to June 2027 1.20% July 2027 and thereafter 1.30% Current Accrual Rate: With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related current Accounting Net Yield; and (ii) the related current mortgage rate thereon (as adjusted for any modifications) minus 0.35%.