Crossover Date definition
Crossover Date. The earlier to occur of (i) the Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates is reduced to zero; and (ii) the later to occur of (x) the Distribution Date occurring in 20[ ] and (y) the first Distribution Date on which the Credit Enhancement Percentage (calculated for this purpose only after taking into account distributions of principal on the Mortgage Loans but prior to the principal distributions to the certificates) is greater than or equal to [ ]%.
Crossover Date means the first date on which Program Losses equal or exceed 25/35ths of the First Loss Limit (as such amount may be adjusted in writing by the GSEs and Treasury with notice to the Administrator).
Crossover Date shall have the meaning set forth in Section 4.01 hereof.
Examples of Crossover Date in a sentence
Notwithstanding the foregoing, following the Crossover Date, Buyer shall be responsible for any Liability or claim relating to the operation of the Dispensary during the Term of this Agreement and the MSA.
More Definitions of Crossover Date
Crossover Date. The later to occur of (i) the Distribution Date -------------- occurring in October 2003 and (ii) the first Distribution Date on which the Credit Enhancement Percentage (calculated for this purpose only prior to taking into account the distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date) is equal to or greater than ___%.
Crossover Date. The earlier of (A) the Payment Date after which the aggregate Class Note Balance of the Class A Notes has been reduced to zero and (B) the later to occur of:
Crossover Date means March 1, 2019.
Crossover Date means the Distribution Date on which the Certificate Balance of each Class of Certificates other than the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates has been reduced to zero.
Crossover Date means [June 1, 2022].
Crossover Date means February 1, 2015.
Crossover Date means March 1, 2020.