Step Up Rolling Delinquency Test definition

Step Up Rolling Delinquency Test. The Step Up Rolling Delinquency Test will be met with respect to a Distribution Date if the Rolling Delinquency Percentage for such Distribution Date is more than 10.00%.
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Step Up Rolling Delinquency Test. The Step Up Rolling Delinquency Test will be met with respect to a Payment Date if the Rolling Delinquency Percentage for such Payment Date is more than 10.00%.
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Step Up Rolling Delinquency Test. As such term is defined in the Insurance and Indemnity Agreement.
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More Definitions of Step Up Rolling Delinquency Test

Step Up Rolling Delinquency Test. With respect to the Fixed Rate Group and any Distribution Date, a determination that the Rolling Delinquency Percentage is more than 11.75%.
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Step Up Rolling Delinquency Test. With respect to any Distribution Date and either Mortgage Loan Group, a determination as to whether the Rolling Delinquency Percentage for such Distribution Date and such Mortgage Loan Group is more than 14.75%.
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Step Up Rolling Delinquency Test. The Step Up Rolling Delinquency Test will -------------------------------- be met with respect to a Distribution Date and the PWRES Mortgage Loans if the Rolling Delinquency Percentage for such Distribution Date and such PWRES Mortgage Loans is more than 7.00%.
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Related to Step Up Rolling Delinquency Test

  • Delinquency Test means, for any Payment Date, a test that will be satisfied if

  • 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.

  • Delinquency Trigger Event means, for any Collection Period, the aggregate Principal Balance of Delinquent Receivables that have been Delinquent Receivables for 61 days or more as a percentage of the Pool Balance as of the last day of the Collection Period exceeding or being equal to 6.62%.

  • Delinquency Trigger means, for any Payment Date and the related Collection Period, 24.00%.

  • Delinquency Amount means, as of any Distribution Date, the Principal Balance of all Contracts that were delinquent 60 days or more as of the end of the related Due Period (including Contracts in respect of which the related Motorcycles have been repossessed and are still in inventory).