Rolling Delinquency Percentage definition

Rolling Delinquency Percentage. With respect to any Distribution Date, the average of the Delinquency Percentages as of the last day of each of the three (or one or two, in the case of the first and second Distribution Dates) preceding calendar months.

Rolling Delinquency Percentage. For any Payment Date, the average of the Delinquency Percentages for the Mortgage Loans as of the last day of each of the six (or 1, 2, 3, 4, and 5 in the case of the first five Payment Dates, as applicable) most recently ended Due Periods.

Rolling Delinquency Percentage. With respect to any Distribution Date on or after the Stepdown Date, the average, over the past three months, of a fraction (expressed as a percentage), (a) the numerator of which is the aggregate Stated Principal Balances for such Distribution Date of all Mortgage Loans 60 or more days delinquent as of the last day of the preceding month (including Mortgage Loans in bankruptcy, foreclosure and REO Properties) and (b) the denominator of which is the aggregate Stated Principal Balances of the Mortgage Loans for such Distribution Date.

Examples of Rolling Delinquency Percentage in a sentence

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• The provisions of this Agreement shall be binding upon, and inure to the benefit of, Investor and the Company and their respective successors and permitted assigns.

• 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 ____%.

• A Servicer Termination Trigger will have occurred on a Payment Date if either (a) the Three Month Rolling Delinquency Percentage for the Mortgage Loans exceeds 45.00% or (b) the Cumulative Loss Percentage exceeds 4.00% from April 2005 to March 2010, or 6.00% from April 2010 to March 2015.

More Definitions of Rolling Delinquency Percentage

Rolling Delinquency Percentage. For any Distribution Date and either Mortgage Loan Group, the average of the Delinquency Percentages for such Mortgage Loan Group as of the last day of each of the three (or one or two in the case of the first three Distribution Dates, as applicable) most recently ended Collection Periods.

Rolling Delinquency Percentage. As of any Payment Date, the average of the Delinquency Percentages as of the last day of each of the six (or one, two, three, four and five in the case of the first five Deposit Dates, as applicable) most recently ended Collection Periods.

Rolling Delinquency Percentage. As defined in the Servicing Agreement.

Rolling Delinquency Percentage. For any Distribution Date, the average of the Delinquency Percentages for the Mortgage Loans as of the last day of each of the six (or 1, 2, 3, 4, and 5 in the case of the first five Payment Dates, as applicable) most recently ended Remittance Periods.

Rolling Delinquency Percentage. For any Distribution, the average of the Delinquency Percentages as of the last day of each of the six (or one, two, three, four and five in the case of the first five Distribution Dates, as applicable) most recently ended Collection Periods.

Rolling Delinquency Percentage. For any Remittance Date, the average of the Delinquency Percentages as of the last day of each of the six (or one, two, three, four and five in the case of the first five Remittance Dates, as applicable) most recently ended Collection Periods.

Rolling Delinquency Percentage. With respect to any Distribution Date and either Loan Group, the average of the Delinquency Percentages for the related Loan Group as of the three (or one or two, in the case of the first and second Distribution Dates) preceding Distribution Dates.