Amortization Test Sample Clauses

Amortization Test. (1) Following an Issuer Event of Default, for as long as there are Covered Bonds outstanding, the Managing GP shall use all reasonable efforts to ensure that on each Calculation Date that the Partnership is in compliance with the Amortization Test as set out in Schedule 2. (2) If as of any Calculation Date following an Issuer Event of Default, the Partnership is not in compliance with the Amortization Test, the Managing GP (or the Cash Manager on its behalf) shall immediately (and in any event no later than the Business Day that is at least two days prior to the Guarantor LP Payment Date after such Calculation Date) notify the Partners and the Bond Trustee thereof.

Amortization Test. In accordance with Section 3.4 (Compliance with the Asset Coverage Test, the Amortization Test, the Pre-Maturity Test and the Valuation Calculation) of the Cash Management Agreement, the Cash Manager will provide the Cover Pool Monitor with: (a) the figures used by the Cash Manager for items A, B, C and D described in Schedule 3 (Amortization Test) of the Guarantor Agreement in its calculation of the Amortization Asset Value and Amortization Liability Value on the relevant Calculation Date; (b) the constituent figures used in the calculation of items A and D described in Schedule 3 (Amortization Test) of the Guarantor Agreement in order to test the arithmetical accuracy of the figures used by the Cash Manager for items A and Z provided in accordance with Section 3.2(a) above; and (c) the Canadian Dollar Equivalent of the aggregate Principal Amount Outstanding of the Covered Bonds as calculated by the Cash Manager on the relevant Calculation Date.

Amortization Test. (1) Following the occurrence and during the continuance of an Issuer Event of Default, for as long as there are Covered Bonds outstanding, the Partnership must ensure that, on each Calculation Date following the occurrence and during the continuance of such Issuer Event of Default, the Partnership is in compliance with the Amortization Test as set out in Schedule 3. (2) If as of any Calculation Date following the occurrence and during the continuance of an Issuer Event of Default, the Partnership is not in compliance with the Amortization Test, the Managing GP (or the Cash Manager on its behalf) shall immediately (and in any event no later than the Canadian Business Day that is at least two days prior to the Guarantor Payment Date after such Calculation Date) notify in writing CMHC, the Partners and the Bond Trustee thereof.

Amortization Test. 17 Section 5.4 Pre-Maturity Test. ..................................................................................................17 Section 5.5 Valuation Calculation ............................................................................................17 Section 5.6 OC Valuation .........................................................................................................17

Amortization Test. Event of Default on the part of the registered issuer? Do any Covered Bonds remain outstading? Amortization Test Required? Amortization Test Guarantee Loan Demand Loan Covered Bonds currently outstanding (CAD Equivalent): Issued under the Structured Covered Bond Programme Issued under the Legislative Covered Bond Programme Total OSFI Maximum (CAD Equivalent): Previous Month Ending Balance Current Balance Number of Mortgages in Pool Average Mortgage Size Number of Properties Number of Borrowers Weighted Average Authorized LTV Weighted Average Drawn LTV Weighted Average Interest Rate Weighted Average Seasoning Weighted Average Original Term Weighted Average Remaining Term Aging Summary Number of Loans Percentage Principal Balance Percentage Current and less than 30 days past due 30 to 59 days past due 60 to 89 days past due 90 or more days past due

Amortization Test. (a) Following the occurrence and during the continuance of an Issuer Event of Default (but prior to service of a Guarantor Acceleration Notice) and, for as long as there are Covered Bonds outstanding, the Partnership must ensure that, on each Calculation Date following the occurrence and during the continuance of an Issuer Event of Default, the Partnership is in compliance with the Amortization Test as set out in Schedule 3. (b) If, as of any Calculation Date following the occurrence and during the continuance of an Issuer Event of Default, the Partnership is not in compliance with the Amortization Test, the Managing GP (or the Cash Manager), on behalf of the Partnership, shall immediately (and in any event no later than the Montreal Business Day that is at least two (2) Montreal Business Days prior to the Guarantor Payment Date after such Calculation Date) notify the Partners, the Bond Trustee, CMHC and the Issuer thereof.

Amortization Test. Event of Default on the part of the Registered Issuer? Do any Covered Bonds remain outstanding? Amortization Test required? Amortization Test Guarantee Loan Demand Loan

Amortization Test. Do any of the Covered Bonds remain outstanding? Yes Event of Default on the part of the Registered Issuer? No Amortization Test Required? No Previous Month Ending Balance Current Month Ending Balance Number of Eligible Loans in cover pool Average Loan Size Number of Properties Number of Primary Borrowers Weighted Average LTV - Authorized (1) Weighted Average LTV - Original (1) Weighted Average LTV - Current (2) Weighted Average Seasoning (months) Weighted Average Rate Weighted Average Term of Loans (months) Weighted Average Remaining Term of Loans (months)

Amortization Test. The Asset Monitor shall be provided with figures as per the Calculation Date for the items listed in Clause 4.2 of the Asset Monitor Appointment Agreement and shall establish the following: We are not required to establish the arithmetic accuracy of α, the Current Balance, nor the accuracy of the Asset Percentage nor any other parameters used in the Amortization Test.