Rolling Six Month) definition

Rolling Six Month). With respect to any Determination Date, the average of the percentage equivalents of the fractions determined for each of the six immediately preceding Remittance Periods the numerator of each of which is equal to the aggregate Loan Balance of
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Rolling Six Month). With respect to any Determination Date, the average of the percentage equivalents of the fractions determined for each of the six immediately preceding Remittance Periods (or such fewer number of Remittance Periods since the Cut-Off Date, in the case of the first six Determination Dates) the numerator of each of which is equal to the sum of (without duplication) (i) the aggregate Loan Balance of 90-Day Delinquent Loans, (ii) the aggregate outstanding principal balance of Home Equity Loans in foreclosure and (iii) the aggregate outstanding principal balance of Home Equity Loans relating to REO Properties as of the end of such Remittance Period and the denominator of which is the Loan Balance of all of the Home Equity Loans as of the end of such Remittance Period.
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Rolling Six Month). 60+ With respect to any Distribution Date, the average of the percentage equivalents of the fractions Day Delinquent Percentage: determined for each of the six immediately preceding collection periods, the numerator of each of which is equal to the aggregate Principal Balance of Mortgage Loans that are 60+ Day Delinquent Loans (other than Re-Performing 60+ Day Delinquent Loans), and the denominator of which is the aggregate Mortgage Loan balance as of the end of the related collection period. Initial Subordination Class A-1: 15.25% Percentage: Class M-1: 10.75% Class M-2: 6.75% Class B-1: 3.50% Class B-2: 2.50% Advances: The Servicer will advance scheduled principal and interest, but only to the extent that the Servicer believes such advances to be recoverable from liquidation proceeds. No advancing will be made with respect to simple interest Mortgage Loans, which comprise approximately 0.04% of the Mortgage Loans. -------------------------------------------------------------------------------
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Examples of Rolling Six Month) in a sentence

  • If the Current Month Rolling Six Month Average CPI-W Change is less than or equal to zero, the Current Month Payment shall equal the previous month Payment.

  • 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 ____%.

  • The Servicer Termination Test is satisfied for any date of determination thereof if (x) as of the immediately preceding Determination Date, the Rolling Six Month Delinquency Rate is less than ____%, (y) the Servicer Loss Test is satisfied and (z) as of the immediately preceding Determination Date, the Rolling Twelve Month Loss Rate is not greater than ____%.