Current Realized Loss Ratio definition

Current Realized Loss Ratio. With respect to any Distribution Date, the annualized percentage derived from the fraction, the numerator of which is the sum of the aggregate Realized Losses for the three preceding Prepayment Periods and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balances for such Distribution Date and the preceding two Distribution Dates.

Current Realized Loss Ratio means, as to any Remittance Date, a fraction, expressed as a percentage, the numerator of which is the aggregate Realized Losses for such Remittance Date and each of the two immediately preceding Remittance Dates, multiplied by four, and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balance as of the third preceding Remittance Date and the Pool Scheduled Principal Balance as of such Remittance Date.

Current Realized Loss Ratio. As to any Payment Date, a fraction, expressed as a percentage, the numerator of which is the aggregate Realized Losses for such Payment Date and each of the two immediately preceding Payment Dates, multiplied by four, and the denominator of which is the arithmetic average of the Pool Principal Balance as of the third preceding Payment Date and the Pool Principal Balance as of such Payment Date.

Examples of Current Realized Loss Ratio in a sentence

• Current Realized Loss Ratio (total Realized Losses for most recent three months, multiplied By 4, divided by arithmetic average of Pool Scheduled Principal Balances for third preceding Remittance and for current Remittance Date; may not exceed 2.5%) .00% 46.

• Sub-Pool HE Current Realized Losses Test (a) Current Realized Losses for current Payment Date .00 (b) Current Realized Loss Ratio (total Realized Losses for most recent three months, multiplied by 4, divided by arithmetic average of Pool Scheduled Principal Balances for third preceding Remittance and for current Remittance Date; may not exceed 2%) .00% 48.

• THE PRINCIPAL DISTRIBUTION TESTS ARE MET IF: 1) Cumulative Realized Losses do not exceed [7%] in months 61 to 72, [8%] in months 73 to 84, and [9%] thereafter; 2) Current Realized Loss Ratio does not exceed [2.75%]; 3) Average Sixty-Day Delinquency Ratio does not exceed [5%]; and 4) Average Thirty-Day Delinquency Ratio does not exceed [7%].

• Sub-Pool HE Current Realized Losses Test (a) Current Realized Losses for current Payment Date 94,654.92 (b) Current Realized Loss Ratio (total Realized Losses for most recent three months, multiplied by 4, divided by arithmetic average of Pool Scheduled Principal Balances for third preceding Remittance and for current Remittance Date; may not exceed 2%) .13% 48.

• Sub-Pool HI Current Realized Losses Test (a) Current Realized Losses for current Payment Date _______ (b) Current Realized Loss Ratio (total Realized Losses for most recent three months, multiplied by 4, divided by arithmetic average of Pool Scheduled Principal Balances for third preceding Remittance and for current Remittance Date; may not exceed 2.5%) _______ 32.

More Definitions of Current Realized Loss Ratio

Current Realized Loss Ratio. As to any Remittance Date, the annualized percentage derived from the fraction, the numerator of which is the sum of the Aggregate Net Liquidation Losses for the three preceding Due Periods and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balances for such Remittance Date and the preceding two Remittance Dates.

Current Realized Loss Ratio means, as to any Payment Date, a fraction, expressed as a percentage, the numerator of which is the aggregate Realized Losses for such Payment Date and each of the eleven immediately preceding Payment Dates and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balance of as of the twelfth preceding Payment Date and the Pool Scheduled Principal Balance of as of such Payment Date.

Current Realized Loss Ratio means, as to any Payment Date, a fraction, expressed as a percentage, the numerator of which is the aggregate Realized Losses for such Payment Date and each of the two immediately preceding Payment Dates, multiplied by four, and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balance as of the third preceding Payment Date and the Pool Scheduled Principal Balance as of such Payment Date.

Current Realized Loss Ratio. As to any Distribution Date, the annualized percentage equivalent of the fraction, the numerator of which is the sum of the Aggregate Net Liquidation Losses for the three preceding Collection Periods and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balances for such Distribution Date and the preceding two Distribution Dates.

Current Realized Loss Ratio. With respect to the first Distribution Date, the annualized percentage equivalent of the fraction, the numerator of which is the Current Realized Losses for the preceding Due Period and the denominator of which is the Aggregate Contract Balance for such Distribution Date. With respect to the second Distribution Date, the annualized percentage equivalent of the fraction, the numerator of which is the Current Realized Losses for the two preceding Due Periods and the denominator of which is the arithmetic average of the Aggregate Contract Balances for such Distribution Date and the immediately preceding Distribution Date. With respect to any Distribution Date thereafter, the annualized percentage equivalent of the fraction, the numerator of which is the sum of the Current Realized Losses for the three preceding Due Periods and the denominator of which is the arithmetic average of the Pool Scheduled Principal Balances for such Distribution Date and the preceding two Distribution Dates.

Current Realized Loss Ratio means, with respect to any Distribution Date, a fraction, expressed as a percentage, the numerator of which is aggregate of Realized Losses as of such Distribution Date and each of the two immediately preceding Distribution Dates, multiplied by four, and the denominator of which is the arithmetic average of the Pool Balance as of the third preceding Distribution Date and the Pool Balance as of such Distribution Date.

Current Realized Loss Ratio. As to any Settlement Date, the annualized percentage equivalent of the fraction, the numerator of which is the average of the Aggregate Net Liquidation Losses for the three preceding Collection Periods and the denominator of which is the arithmetic average of the aggregate of the Scheduled Principal Balances for such Settlement Date and the preceding two Settlement Dates.