Rolling Three Month definition

Rolling Three Month. Delinquency: For any Distribution Date will be the fraction, expressed as a percentage, equal to the average of the related delinquency rates for each of the three (or one and two, in the case of the first and second Distribution Dates) immediately preceding months.
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Rolling Three Month. With respect to any Determination Date, the average of the percentage equivalents of the fractions determined for each of the three immediately preceding Remittance Periods 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 Three Month. Delinquency Rate Event"--shall occur with respect to any Payment Date if the average of the Delinquency Rate for the Payment Date and the two Payment Dates immediately preceding the Payment Date is greater than 2.50%.
Sample 1

Examples of Rolling Three Month in a sentence

  • The following definition set forth in Article I of the Pooling and Servicing Agreement is hereby amended and restated: Trigger Event: A Trigger Event will occur for any Distribution Date if the Rolling Three Month Delinquency Rate as of the last day of the related Collection Period equals or exceeds 5.25%.

  • The "Rolling Three Month Delinquency Rate" with respect to any Distribution Date will be the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates) immediately preceding months.

  • The Annual Default Percentage (Three Month Average), the Pool Annual Default Percentage (Three Month Average), the 30+ Delinquency Percentage (Rolling Three Month), the 60+ Delinquency Percentage (Rolling Three Month), the Pool 60+ Delinquency Percentage (Rolling Three Month) and the Cumulative Default Percentage.

  • The Quarterly (Rolling Three Month) Rule is used to determine your continuing eligibility for coverage under the Plan.

  • Cause to be funded into the Credit Agreement Reserve Securities Account all amounts to be funded under, and shall comply with all of the terms of, the Credit Agreement Reserve Securities Account Control Agreement if, as set forth in such Agreement, the Rolling Three Month Average Excess Spread Percentage goes below 2% (1.88% for the August 2003 CARS Account Monitoring Date) with respect to the Metris Master Trust as a whole.

  • Rolling Three Month For any distribution date will be the fraction, expressed as a percentage, equal to the average of the Delinquency Rate: Delinquency Rates for each of the three (or one and two, in the case of the first and second distribution dates) immediately preceding months.

  • The dynamics were the exact opposite: the people in my grandmother’s living room took a word that whites used to signify worthlessness or degradation and rendered it impotent.

  • On the first business day of each month, GoAmerica will provide Stellar with a "Rolling Three Month Forecast" based on the Monthly Session Minute Forecast.

  • Cause to be funded into the Credit Agreement Reserve Securities Account all amounts to be funded under, and shall comply with all of the terms of, the Credit Agreement Reserves Securities Account Control Agreement if, as set forth in such Agreement, the Rolling Three Month Average Excess Spread Percentage goes below 2% with respect to the Metris Master Trust as a whole.

  • The first month of the Rolling Three Month Forecast is the "Locked Session Minute Forecast" and upon submitting each Rolling Three Month Forecast, GoAmerica shall confirm, in writing to Stellar, that the first month of said forecast shall be treated as "locked" by Stellar.


More Definitions of Rolling Three Month

Rolling Three Month. Delinquency Rate" with respect to any Distribution Date will be the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates) immediately preceding months.
Sample 1
Rolling Three Month. Delinquency Rate Event” for any Collection Period, the average of the Delinquency Rate for such Collection Period and the two Collection Periods immediately preceding such Collection Period is greater than 2.50%.
Sample 1

Related to Rolling Three Month

  • Twelve-Month Period means a twelve-month period ending on the first anniversary of the Effective Date or on each subsequent anniversary thereof.

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.

  • Month means calendar month.

  • Rolling Period means, as of any date, the four Fiscal Quarters ending on or immediately preceding such date.

  • Model Year means the CI engine manufacturer’s annual production period, which includes January 1st of a calendar year, or if the manufacturer has no annual production period, the calendar year.

  • Billing Month is defined in Section 9.1(b).

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Half Year means the period of six months commencing on the first day of April or October of a financial year;

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Semi-Annual Period means each of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including December 31.

  • Fiscal Month means any of the monthly accounting periods of Borrower.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Operating Period means the period commencing from the Commercial Operation Date, until the last day of the Term of this Agreement or date of earlier termination of this Agreement in accordance with Article 2 of this Agreement;

  • months shall be construed in accordance with Clause 1.3;

  • Calendar Month means any of the twelve (12) months of the Calendar Year.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • 12-Month Period means a rolling 12-month period measured backward from the date leave is taken and continuous with each additional leave day taken.

  • Year means a calendar year.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.