Collateral Maintenance Percentage. Means the amount set forth in the related Confirmation with respect to each Mortgage Loan which, (1) in determining whether a Market Value Collateral Deficit exists pursuant to the second sentence of Section 4(a) hereof shall, for each type of Mortgage Loan set forth in the first column below, equal the applicable percentage set forth in the second column below and (2) in determining whether a Securitization Value Collateral Deficit exists pursuant to the third sentence of Section 4(a) hereof
... shall, for each type of Mortgage Loan set forth in the first column below, equal the applicable percentage set forth in the third column below: % for Market Value % for Securitization Value Mortgage Loan Type Collateral Deficit Collateral Deficit (a) first lien High Purchase Price Mortgage Loans that are Three Month Aged Mortgage Loans 103.1 % 103.1 % (b) first lien High Purchase Price Mortgage Loans that are Five Month Aged Mortgage Loans 104.2 % 104.2 % (c) second lien High Purchase Price Mortgage Loans 106.4 % 106.4 % (d) first lien Medium Purchase Price Mortgage Loans that are Three Month Aged Mortgage Loans 105.3 % 105.3 % (e) first lien Medium Purchase Price Mortgage Loans that are Five Month Aged Mortgage Loans 106.4 % 106.4 % (f) second lien Medium Purchase Price Mortgage Loans 108.7 % 108.7 % (g) first lien Low Purchase Price Mortgage Loans that are Three Month Aged Mortgage Loans 107.5 % 107.5 % (h) first lien Low Purchase Price Mortgage Loans that are Five Month Aged Mortgage Loans 108.7 % 108.7 % (i) second lien Low Purchase Price Mortgage Loans 111.1 % 111.1 % (j) Mortgage Loans Delinquent 30-59 days in excess of 3.0% of the Total Facility Amount 117.6 % 117.6 %
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