Stepdown Date. The later to occur of (x) the Distribution Date in 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 any Certificates on such Distribution Date) is greater than or equal to 18.00%.
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Sources: Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust 2005-3xs)
Stepdown Date. The later to occur of (x) the Distribution Date in February March 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 any the Certificates on such Distribution Date) is greater than or equal to 18.0027.00%.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Investment Loan Trust 2005-2)
Stepdown Date. The later to occur of (x) the Distribution Date in February 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 any Certificates on such Distribution Date) is greater than or equal to 18.00approximately 11.70%.
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Stepdown Date. The later to occur of (x) the Distribution Date in 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 any the Certificates on such Distribution Date) is greater than or equal to 18.00[ ]%.
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Sources: Trust Agreement (Fieldstone Mortgage Investment CORP)
Stepdown Date. The later to occur of (x) the Distribution Date in February 2008 March 2005 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 any the Certificates on such Distribution Date) is greater than or to equal to 18.0017.00%.
Appears in 1 contract
Sources: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1)