Step Up Rolling Delinquency Test definition
Step Up Rolling Delinquency Test. The Step Up Rolling Delinquency Test will be met with respect to a Distribution Date if the Rolling Delinquency Percentage for such Distribution Date is more than 10.00%.
Step Up Rolling Delinquency Test. The Step Up Rolling Delinquency Test will be met with respect to a Payment Date if the Rolling Delinquency Percentage for such Payment Date is more than 10.00%.
Step Up Rolling Delinquency Test. As such term is defined in the Insurance and Indemnity Agreement.
More Definitions of Step Up Rolling Delinquency Test
Step Up Rolling Delinquency Test. With respect to the Fixed Rate Group and any Distribution Date, a determination that the Rolling Delinquency Percentage is more than 11.75%.
Step Up 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 more than 14.75%.
Step Up Rolling Delinquency Test. The Step Up 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 more than 7.00%.