Fixed Rate Cumulative Loss Trigger Event definition

Fixed Rate Cumulative Loss Trigger Event. With respect to a Distribution Date on or after the Fixed Rate Stepdown Date, a Fixed Rate Cumulative Loss Trigger Event occurs if (x) the aggregate amount of Realized Losses on the Mortgage Loans in Loan Group 1 from the Cut-off Date for each such Mortgage Loan to (and including) the last day of the related Due Period (reduced by the aggregate amount of any Subsequent Recoveries related to Loan Group 1 received through the last day of that Due Period) exceeds (y) the applicable percentage, for such Distribution Date, of the sum of the aggregate Cut-off Date Principal Balance of the Initial Mortgage Loans in Loan Group 1 and the Group 1 Pre-Funded Amount, as set forth below:
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Fixed Rate Cumulative Loss Trigger Event. With respect to a Payment Date on or after the Fixed Rate Stepdown Date, a Fixed Rate Cumulative Loss Trigger Event occurs if (x) the aggregate amount of Realized Losses on the Mortgage Loans in [Pool 1] from the Cut-off Date for each such Mortgage Loan to (and including) the last day of the related Due Period (reduced by the aggregate amount of any Recoveries related to [Pool 1] received through the last day of that Due Period) exceeds (y) the applicable percentage, for such Payment Date, of the sum of the aggregate Cut-off Date Principal Balance of the Initial Mortgage Loans in [Pool 1] and the [Pool 1] Pre-Funded Amount, as set forth below: Payment Date Percentage ------------ ----------
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Fixed Rate Cumulative Loss Trigger Event. With respect to a Payment Date on or after the Fixed Rate Stepdown Date, a Fixed Rate Cumulative Loss Trigger Event occurs if (x) the aggregate amount of Realized Losses on the Mortgage Loans in [Pool 1] from the Cut-off Date for each such Mortgage Loan to (and including) the last day of the related Due Period (reduced by the aggregate amount of any Recoveries related to [Pool 1] received through the last day of that Due Period) exceeds (y) the applicable percentage, for such Payment Date, of the sum of the aggregate Cut-off Date Principal Balance of the Initial Mortgage Loans in [Pool 1] and the [Pool 1] Pre-Funded Amount, as set forth below: Payment Date Percentage _____ 200_ — _____ 200_ _____% with respect to ______ 200_, plus an additional 1/12th of ____% for each month thereafter through ______ 200_ _____ 200_ — _____ 200_ _____% with respect to ______ 200_, plus an additional 1/12th of ____% for each month thereafter through ______ 200_ _____ 200_ — _____ 200_ _____% with respect to ______ 200_, plus an additional 1/12th of ____% for each month thereafter through ______ 200_ _____ 200_ and thereafter ____%
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Related to Fixed Rate Cumulative Loss Trigger Event

  • Cumulative Loss Trigger Event With respect to any Distribution Date, a Cumulative Loss Trigger Event exists if the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by (y) the Cut-off Date Pool Principal Balance exceeds the applicable cumulative loss percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Cumulative Loss Percentage ------------------------------ --------------------------------------------------------- July 2008 through June 2009 1.400% for the first month, plus an additional 1/12th of 1.750% for each month thereafter (e.g., 2.275% in January 2009) July 2009 through June 2010 3.150% for the first month, plus an additional 1/12th of 1.750% for each month thereafter (e.g., 4.025% in January 2010) July 2010 through June 2011 4.900% for the first month, plus an additional 1/12th of 1.400% for each month thereafter (e.g., 5.600% in January 2011) July 2011 through June 2012 6.300% for the first month, plus an additional 1/12th of 0.750% for each month thereafter (e.g., 6.675% in January 2012) July 2012 and thereafter 7.050%

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.