Step Down Rolling Delinquency Test definition
Step Down Rolling Delinquency Test. The Step Down Rolling Delinquency Test will be met with respect to a Distribution Date if the Rolling Delinquency Percentage for such Distribution Date is __% or less.
Step Down Rolling Delinquency Test. The Step Down Rolling Delinquency Test will be met with respect to a Payment Date if the Rolling Delinquency Percentage for such Payment Date is 10.00% or less.
Step Down Rolling Delinquency Test. As such term is defined in the Insurance and Indemnity Agreement.
Examples of Step Down Rolling Delinquency Test in a sentence
Step Down Rolling Delinquency Test...................................
More Definitions of Step Down Rolling Delinquency Test
Step Down Rolling Delinquency Test. On any relevant Distribution Date and with respect to the Adjustable Rate Group, the related Rolling Delinquency Percentage is less than [ ]%.
Step Down Rolling Delinquency Test. With respect to any Distribution Date and either Mortgage Loan Group, a determination as to whether the Rolling Delinquency Percentage for such Distribution Date and such Mortgage Loan Group is less than 12.50%.
Step Down Rolling Delinquency Test. The Step Down Rolling Delinquency Test ---------------------------------- will be met, with respect to a Distribution Date and the PWRES Mortgage Loans, if the Rolling Delinquency Percentage for such Distribution Date and such PWRES Mortgage Loans is less than 6.00%.