Rolling Three Month Delinquency Rate definition

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.

Rolling Three Month Delinquency Rate. With respect to any Payment Date, the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Payment Dates, respectively) immediately preceding calendar months.

Rolling Three Month Delinquency Rate. For any Distribution Date, the percentage, equal to the average of the Delinquency Ratio for each of the three (1 or 2 in the case of the first three Distribution Dates, as the case may be) immediately preceding Due Periods.

Examples of Rolling Three Month Delinquency Rate 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.

• Trigger EventA “Trigger Event” will have occurred with respect to any Distribution Date if (i) the Rolling Three Month Delinquency Rate as of the last day of the immediately preceding month equals or exceeds [45%] of the Senior Enhancement Percentage for that Distribution Date or (ii) a Cumulative Loss Trigger Event has occurred.

• The "Rolling Three Month Delinquency Rate" with respect to any Payment 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 Payment Dates) immediately preceding months.

• Rolling Three Month Delinquency Rate: For any Distribution Date will be 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 months.

More Definitions of Rolling Three Month Delinquency Rate

Rolling Three Month Delinquency Rate. For any Payment Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Ratio for each of the three immediately preceding Collection Periods (or for the Payment Date in December 2002, the Delinquency Ratio for the immediately preceding Collection Period, and for the Payment Date in January 2003, the Delinquency Ratio for the two immediately preceding Collection Periods).

Rolling Three Month Delinquency Rate. As to any Distribution Date, the average of the Pool Delinquency Rates for each of the three (or one and two in the case of the first and second Distribution Dates) immediately preceding Collection Periods.

Rolling Three Month Delinquency Rate. With respect to any Distribution Date, an amount equal to the average of the 60-Day Delinquency Rates for each of the three (or one or two, in the case of the first and second Distribution Dates, respectively) immediately preceding months, provided that for purposes of determining the Rolling Three Month Delinquency Rate, each Distribution Date shall be deemed to occur on the 28th calendar day of the related month, regardless whether such day is a Business Day.

Rolling Three Month Delinquency Rate means, with respect to any Payment Date and each Loan Group, a fraction, expressed as a percentage, (a) the numerator of which is the aggregate of the Asset Balances of all related Mortgage Loans that are 60 days or more delinquent (or are in foreclosure or have become real estate owned) as of the first day of each Collection Period averaged over the prior three Collection Periods and (b) the denominator of which is the Loan Group Balance of such Loan Group as of the first day of each Collection Period, averaged over the prior three Collection Periods.

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

Rolling Three Month Delinquency Rate. With respect to any Distribution Date and the Group V Mortgage Loans will be 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) immediately preceding months.

Rolling Three Month Delinquency Rate. Not applicable.