Rolling Three Month Delinquency Ratio definition

Rolling Three Month Delinquency Ratio. With respect to any Payment Date, the average of the Delinquency Ratios for the three (or one and two, in the case of the first and second Payment Dates, respectively) immediately preceding Due Periods.
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Rolling Three Month Delinquency Ratio. As of any date, the percentage equivalent of a fraction (a) the numerator of which equals the sum of the Delinquency Ratios for the three Collection Periods immediately preceding such date (or such lesser number of Collection Periods as shall have elapsed as of such date), and (b) the denominator of which equals three (or such lesser number described in clause (a)). The definition of “Trigger Event” in Section 1.1 of the Sale and Servicing Agreement is hereby amended by deleting the word “or” from the end of paragraph (v), replacing the period with a semicolon in paragraph (vi) and adding paragraphs (vii), (viii) and (ix), as follows:
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Rolling Three Month Delinquency Ratio. As of any Distribution Date, the weighted average of the Delinquency Ratio for each of the three (or one and two in the case of the first and second Distribution Dates) immediately preceding Due Periods.
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More Definitions of Rolling Three Month Delinquency Ratio

Rolling Three Month Delinquency Ratio. For any day after the end of the third ------------------------------------- Collection Period following the Closing date, the percentage equivalent of a fraction the numerator of which is equal to the sum of the three (3) most recent Delinquency Ratios and the denominator of which is equal to three (3). For any day from the end of the first Collection Period following the Closing Date through the end of the second Collection Period following the Closing Date, the Rolling Three-Month Delinquency Ratio shall be equal to Delinquency Ratio calculated for the first Collection Period following the Closing Date; and, for any day from the end of the second Collection Period following the Closing Date through the end of the third Collection Period following the Closing Date, the Rolling Three-Month Delinquency Ratio shall be equal to the percentage equivalent of a fraction the numerator of which is equal to the sum of the Delinquency Ratios for the first two Collection Periods following the Closing Date and the denominator of which is equal to two (2).
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Rolling Three Month Delinquency Ratio. As of any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Ratio for the Mortgage Loans for each of the three (or one and two, in the case of the first and second Distribution Dates) immediately preceding Due Periods.
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Related to Rolling Three Month Delinquency Ratio

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.

  • Average Delinquency Ratio on any Payment Date means the average of the Delinquency Ratios for the preceding three calendar months.

  • Delinquency Ratio means the ratio (expressed as a percentage and rounded to the nearest 1/100 of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each calendar month by dividing: (a) the aggregate Outstanding Balance of all Pool Receivables that were Delinquent Receivables on such day by (b) the aggregate Outstanding Balance of all Pool Receivables on such day.

  • Sixty-Day Delinquency Rate As to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate Principal Balances of the Mortgage Loans that are (a) 60 or more days delinquent as of the last day of the related Prepayment Period, (b) REO Property or (c) in foreclosure or in bankruptcy, and the denominator of which is the Pool Balance as of the last day of the related Due Period.

  • Delinquency Rate With respect to any calendar month, the fraction, expressed as a percentage, the numerator of which is the aggregate outstanding principal balance of all Mortgage Loans 60 days Delinquent or more (including all foreclosures, bankruptcies and REO Properties) as of the close of business on the last day of such month, and the denominator of which is the Pool Balance as of the close of business on the last day of such month.