Group II Stepdown Date definition

Group II Stepdown Date. The earlier to occur of, (I) the first Distribution Date following the Distribution Date for which the Certificate Principal Balance for each of the Class II-A Certificates has been reduced to zero, and (II) the later to occur of (a) the Distribution Date in December 2009 and (b) the first Distribution Date on which the Group II Current Specified Enhancement Percentage is greater than or equal to 50.40%.

Group II Stepdown Date. The Distribution Date which is the later to occur of (i) the Distribution Date occurring in March 2005 and (ii) the first Distribution Date on which the Group II Overcollateralization Amount immediately prior to that Distribution Date is equal to or greater than 13.60% of the aggregate Stated Principal Balance of the Group II Loans as of the end of the preceding Due Period.

Group II Stepdown Date. With respect to the Group II Notes, the later to occur of (x) the earlier to occur of (A) the Payment Date in December 2004 and (B) the Payment Date on which the aggregate Note Balance of the Class IIA-1 Notes is reduced to zero, and (y) the first Payment Date on which the Group II Senior Enhancement Percentage (after taking into account payments of principal on such Payment Date) is greater than or equal to the Group II Senior Specified Enhancement Percentage.

Group II Stepdown Date. The later of (a) the Payment Date in March 2005 and (b) the Payment Date on which the Pool Balance of the Group II Loans after applying payments received in the related Collection Period is less than 50% of the Pool Balance of the Group II Loans as of the Cut-off Date.

Group II Stepdown Date. With respect to Group II, earlier to occur of (i) the later to occur of (A) the the earlier to occur of (i) the later to occur of (A) Distribution Date in March 2002 and (B) the first the Distribution Date in March 2002 and (B) the first Distribution Date on which the Group I Class A Certificate Distribution Date on which the Group II Class A Principal Balance immediately prior to such Distribution Certificate Principal Balance immediately prior to such Date (less the Group I Principal Funds for such Distribution Date (less the Group II Principal Funds Distribution Date) is less than or equal to 71.00% of the for such Distribution Date) is less than or equal to Scheduled Principal Balances of Group I and (ii) the 59.50% of the Scheduled Principal Balances of Group II Distribution Date on which the Group I Class A Certificate and (ii) the Distribution Date on which the Group II Principal Balance has been reduced to zero. Class A Certificate Principal Balance has been reduced to zero.

Group II Stepdown Date. With respect to Group II, the earlier to occur of:

Group II Stepdown Date. The later to occur of (a) the Distribution Date in January 2009 and (b) the first Distribution Date on which the Group II Current Specified Enhancement Percentage is greater than or equal to 65.00%.

Group II Stepdown Date. The later to occur of (x) the 30th Payment Date from the Startup Day and (y) the date on which principal received on the Group II Certificates is equal to 50% of the aggregate principal balance of the Mortgage Loans in Group II as of the Startup Day has been received by the Trust.

Group II Stepdown Date. The earlier to occur of (i) the first Distribution Date following the Distribution Date on which the aggregate Class Principal Amount of the Senior Certificates has been reduced to zero and (ii) the later to occur of (a) the Distribution Date occurring in April 2010 and (b) 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 approximately 42.10%.