Day+ Rolling Average definition

Day+ Rolling Average. As to any Distribution Date, the average of the 60 Day Delinquency Percentage for each of the three (3) immediately preceding Collection Periods.
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Day+ Rolling Average. With respect to any Distribution Date, the average of the applicable 90 Day Delinquency Amounts for each of the [ ] immediately preceding Due Periods.]
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Day+ Rolling Average. As to any Payment Date, the average of the 60 Day Delinquency Percentage for each of the three (3) immediately preceding Collection Periods; PROVIDED, HOWEVER, that for the initial Payment Date, the 60 Day+ Rolling Average shall equal the 60 Day Delinquent Percentage for the immediately preceding Collection Period and for the second Payment Date, the 60 Day+ Rolling Average shall equal the average of the 60 Day Delinquency Percentage for the immediately two preceding Collection Periods.
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Examples of Day+ Rolling Average in a sentence

  • The 60 Day+ Rolling Average will equal the rolling 3 month average percentage of Mortgage Loans that are 60 or more days delinquent.

  • TRIGGER EVENT: A Trigger Event is in effect on any Distribution Date if (i) on that Distribution Date the 60 Day+ Rolling Average equals or exceeds 50% of the prior period's Senior Enhancement Percentage and (ii) may include other trigger events related to the performance of the Mortgage Loans.

  • Any Distribution Date on which the 60 Day+ Rolling Average equals or exceeds [ ]% of the Enhancement Percentage; provided a Trigger Event shall not be in effect if the Enhancement Percentage exceeds the Stepped Up Enhancement Level.

  • Delinquency Trigger A Delinquency Trigger Event is in effect on any Event: Distribution Date if on that Distribution Date the 60 Day+ Rolling Average equals or exceeds [50%] of the prior period's Senior Enhancement Percentage.

  • Maingate support keeps the customer informed about issues that can not be handled immediately by sending status reports at regular intervals.