Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Investment Loan Trust 2005-3)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, January 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero27.00%.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Investment Loan Trust Series 2004-11)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, January 2006 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero32.00%.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc10)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, May 2006 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the for such Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zeroequals or exceeds 30.80%.
Appears in 1 contract
Sources: Trust Agreement (Encore Credit Corp Mortgage Pass Through Certs Ser 2003-1)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, October 2007 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero36.80%.
Appears in 1 contract
Sources: Trust Agreement (Amortizing Residential Collateral Trust, Series 2004-1)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, December 2007 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the any Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero65.30%.
Appears in 1 contract
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, October 2007 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero26.20%.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Investment Loan Trust 2004-9)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, May 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the any Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero53.00%.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Securities Corp 2005-S2)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, May 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero31.30%.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Investment Loan Trust 2005-4)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, June 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero32.00%.
Appears in 1 contract
Sources: Trust Agreement (SASCO Mortgage Pass Through Certificates, Series 2005-Nc2)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero27.10%.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Securities Corp. 2005-Rms1)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, February 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero28.20%.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Investment Loan Trust 2005-1)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, July 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero31.30%.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Investment Loan Trust 2005-6)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, November 2007 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero28.50%.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Investment Loan Trust 2004-10)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, February 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero32.70%.
Appears in 1 contract
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, May 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero40.50%.
Appears in 1 contract
Sources: Trust Agreement (First Franklin Mortgage Loan Trust 2005-Ff3)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, May 2008 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero25.80%.
Appears in 1 contract
Sources: Trust Agreement (SASCO Mortgage Loan Trust Series 2005-Gel2)
Stepdown Date. The later to occur of (x) the Distribution Date in April 2008, September 2007 and (y) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose after giving effect to payments or other recoveries in respect of the Mortgage Loans during the related Collection Period but before giving effect to distributions on the Certificates on such Distribution Date) is greater than or equal to 25.00% and (z) the Distribution Date on which the Class Principal Amount of the Class A2 Certificates have been reduced to zero32.50%.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Investment Loan Trust 2004-8)