Static Pool Test definition

Static Pool Test means, for all Contracts purchased by the Borrower, the Cumulative Net Loss shall not exceed the percentages specified below, otherwise either a Facility Termination Event or an Event of Default, will be deemed to have occurred. CUMULATIVE NET LOSSES TIME SINCE CONTRACT ORIGINATION FACILITY TERMINATION EVENT EVENT OF DEFAULT ------------------- -------------------------- ---------------- 0 - 12 months 2.25% 2.50% 13 - 18 months 3.25% 3.50% 19 - 24 months 3.75% 4.00% 25 - 30 months 4.00% 4.25% 31 - 36 months 4.25% 4.50% 37 - 42 months 4.50% 4.75% 43 - 48 months 5.00% 5.25% 49 - 60 months 5.25% 5.50% 61 + months 5.50% 5.75%
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Static Pool Test means, the Cumulative Net Loss of the Serviced Portfolio shall not exceed the percentages specified below, otherwise either a Reserve Account Step-Up Event or a Facility Termination Event will be deemed to have occurred. 1 2.50 % 3.00 % 2 3.50 % 4.00 % 3 4.00 % 4.50 % 4 4.25 % 4.75 % 5 4.50 % 5.00 % 6 4.75 % 5.25 % 7 5.25 % 5.75 % 8 5.50 % 6.00 % 9 and after 5.75 % 6.25 %
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Static Pool Test means, for all Contracts purchased by the Borrower, with respect to whether there is a Facility Termination Event or an Event of Default, the applicable percentage specified below.
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More Definitions of Static Pool Test

Static Pool Test means, the Cumulative Net Loss of the Serviced Portfolio shall not exceed the percentages specified below, otherwise either a Reserve Account Step-Up Event or a Facility Termination Event will be deemed to have occurred.
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Related to Static Pool Test

  • RDDS test Means one query sent to a particular “IP address” of one of the servers of one of the RDDS services. Queries shall be about existing objects in the Registry System and the responses must contain the corresponding information otherwise the query will be considered unanswered. Queries with an RTT 5 times higher than the corresponding SLR will be considered as unanswered. The possible results to an RDDS test are: a number in milliseconds corresponding to the RTT or undefined/unanswered.

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • PRINCIPAL TEST The CONTRACTOR rather than COUNTY has the right to control the manner and means of accomplishing the result contracted for.

  • Genetic test means an analysis of human DNA, RNA, chromosomes, proteins, or metabolites, that detect genotypes, mutations, or chromosomal changes. The term “genetic test” does not mean an analysis of proteins or metabolites that does not detect genotypes, mutations, or chromosomal changes; or an analysis of proteins or metabolites that is directly related to a manifested disease, disorder, or pathological condition that could reasonably be detected by a health care professional with appropriate training and expertise in the field of medicine involved.

  • DNS test Means one non-­‐recursive DNS query sent to a particular “IP address” (via UDP or TCP). If DNSSEC is offered in the queried DNS zone, for a query to be considered answered, the signatures must be positively verified against a corresponding DS record published in the parent zone or, if the parent is not signed, against a statically configured Trust Anchor. The answer to the query must contain the corresponding information from the Registry System, otherwise the query will be considered unanswered. A query with a “DNS resolution RTT” 5 times higher than the corresponding SLR, will be considered unanswered. The possible results to a DNS test are: a number in milliseconds corresponding to the “DNS resolution RTT” or, undefined/unanswered.