Cross-Over Date definition

Cross-Over Date. The Distribution Date on which the respective Class Certificate Balances of each Class of Subordinated Certificates have been reduced to zero.
View Source
Cross-Over Date. The first Distribution Date as of which (without regard to any distribution of the Principal Distribution Amount on such Distribution Date) the Certificate Balances of the Class A-S, Class B, Class C, Class D, Class E, Class F and Class G Certificates have been reduced to zero due to the application of Realized Losses.
View Source
Cross-Over Date. The first Distribution Date on which the aggregate Current Principal Amount of the Subordinate Certificates has been reduced to zero (giving effect to all distributions on such Distribution Date).
View Source

Examples of Cross-Over Date in a sentence

  • The interest portion of any Realized Losses with respect to the Mortgage Loans occurring on or prior to the Cross-Over Date will not be allocated among any Certificates, but will reduce the amount of Available Funds on the related Distribution Date.

  • Following the Cross-Over Date, the interest portion of Realized Losses on the Mortgage Loans in any Loan Group will be allocated to the related Senior Certificates.

  • Any such Subordinate Certificate Writedown Amount shall effect a corresponding reduction in the Current Principal Amount of (i) if prior to the Cross-Over Date, the Current Principal Amounts of the Subordinate Certificates, in the reverse order of their numerical Class designations and (ii) from and after the Cross-Over Date, the Senior Certificates which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date.

  • On the earlier to occur of the Cross-Over Date and the next Distribution Date after the Distribution Date on which the principal portion of any Realized Loss is allocated to any Class of Designated Retail Certificates, and on each subsequent Distribution Date, the Trustee shall not, and the Depository is not authorized to, make distributions or payments in respect of any Class of Designated Retail Certificates in accordance with any Principal Distribution Request or by Random Lot.

  • The interest portion of any Realized Losses with respect to the Group I Mortgage Loans or Group II Mortgage Loans occurring on or prior to the Group I Cross-Over Date or Group II Cross-Over Date, respectively, will not be allocated among any Certificates, but will reduce the amount of Group I Available Funds or Group II Available Funds, respectively, on the related Distribution Date.


More Definitions of Cross-Over Date

Cross-Over Date. The Distribution Date preceding the first Distribution Date on which the Class A Percentage (determined pursuant to clause (ii) of the definition thereof) equals or exceeds 100%.
View Source
Cross-Over Date. The Distribution Date on which the Certificate Balances of the Subordinate Certificates have all been reduced to zero as a result of the allocation of Collateral Support Deficits to those Certificates.
View Source
Cross-Over Date means with respect to Cross-over Refunding Bonds the date on which the Principal portion of the related Cross-over Refunded Bonds is to be paid or redeemed from the proceeds of such Cross-over Refunding Bonds.
View Source
Cross-Over Date. The first Distribution Date on which the aggregate Class Certificate Principal Balance of the Junior Certificates has been reduced to zero (giving effect to all distributions on such Distribution Date).
View Source
Cross-Over Date. The Distribution Date on which the Certificate Principal Amount of each Class of Principal Balance Certificates (other than the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-AB Certificates and other than the Exchangeable Certificates) and each Class PEZ Regular Interest is (or will be) reduced to zero due to the application of Realized Losses.
View Source
Cross-Over Date. The later to occur of (a) the Distribution Date occurring in March 2007 or (b) the first Distribution Date on which the percentage equivalent of a fraction (which shall not be greater than 1) the numerator of which is the sum of the aggregate Adjusted Certificate Principal Balance of the Subordinated Certificates and the Current Overcollateralization Amount, for such Distribution Date and the denominator of which is the Pool Scheduled Principal Balance on such Distribution Date, equals or exceeds 1.90 times the percentage equivalent of a fraction (which shall not be greater than 1) the numerator of which is the sum of the initial aggregate Adjusted Certificate Principal Balance of the Subordinated Certificates and the Current Overcollateralization Amount as of August 1, 2002 and the denominator of which is the Pool Scheduled Principal Balance as of August 1, 2002.
View Source
Cross-Over Date. The Distribution Date on which the Certificate Principal Balance of each Class of Principal Balance Certificates (other than the Class A Certificates) is (or will be) reduced to zero due to the application of Realized Losses.
View Source