Group I Senior Prepayment Percentage definition

Group I Senior Prepayment Percentage. (i) On any Distribution Date occurring before the Distribution Date in the month of the fifth anniversary of the first Distribution Date, 100%; (ii) on any other Distribution Date on which the Group I Senior Percentage for such Distribution Date exceeds the Group I Senior Percentage as of the Closing Date, 100%; and (iii) on any other Distribution Date in each of the months of the fifth anniversary of the first Distribution Date and thereafter, 100%, unless:
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Group I Senior Prepayment Percentage. With respect to any Distribution Date and any Group I Class A Certificates within the range indicated below, the percentage as indicated below: Distribution Date Group I Senior Prepayment Percentage September 2005 through August 2012 100% September 2012 through August 2013 Group I Senior Percentage, plus 70% of the Group I Subordinate Percentage September 2013 through August 2014 Group I Senior Percentage, plus 60% of the Group I Subordinate Percentage September 2014 through August 2015 Group I Senior Percentage, plus 40% of the Group I Subordinate Percentage September 2015 through August 2016 Group I Senior Percentage, plus 20% of the Group I Subordinate Percentage September 2017 and thereafter Group I Senior Percentage; provided, however, no reduction to the Group I Senior Prepayment Percentage described above shall be made as of any Distribution Date unless (i) the outstanding principal balance of the Group I Mortgage Loans delinquent 60 days or more (including REO Properties and Mortgage Loans in foreclosure) averaged over the last six months does not exceed 50% of the sum of the then current Certificate Principal Balances of the Group I Subordinate Certificates and (ii) Realized Losses on the Group I Mortgage Loans to date are less than the then applicable Trigger Amount. On any Distribution Date on which Realized Losses on the Group I Mortgage Loans to date are greater than the then applicable Trigger Amount, the Group I Senior Prepayment Percentage for each Group I loan group will be the greater of (x) the related Group I Senior Prepayment Percentage for such Distribution Date or (y) the related Group I Senior Prepayment Percentage for the immediately preceding Distribution Date. Notwithstanding the above, if on any Distribution Date (a) the Aggregate Subordinate Percentage, prior to giving effect to any distributions on such Distribution Date, equals or exceeds two times the initial Aggregate Subordinate Percentage for Collateral Pool I, (b) the provisions of clause (i) of the second preceding paragraph are met and (c) (i) on or prior to the Distribution Date occurring in August 2008, cumulative Realized Losses on the Group I Mortgage Loans as of the end of the related Prepayment Period do not exceed 20% of the initial aggregate Certificate Principal Balance of the Group I Subordinate Certificates and (ii) after the Distribution Date occurring in August 2008, cumulative Realized Losses on the Group I Mortgage Loans as of the end of the Prepayment P...
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Group I Senior Prepayment Percentage. The Group I-1 Senior Prepayment Percentage, Group I-2 Senior Prepayment Percentage, Group I-3 Senior Prepayment Percentage or Group I-4 Senior Prepayment Percentage, as applicable.
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Examples of Group I Senior Prepayment Percentage in a sentence

  • Group I Senior Prepayment Percentage for such Distribution Date: ...............................

  • If on any Distribution Date the allocation to the Class IA Certificates of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Class IA Certificates and the Subordinate Certificates below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

  • If on any Distribution Date the allocation to the Group I Certificates (other than the Class IA-P Certificates) of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group I Certificates (other than the Class IA-P Certificates) below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

  • If on any Distribution Date the allocation to the Class IA Certificates and the Class R Certificate of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Class IA Certificates, the Class R Certificate and the Subordinate Certificates below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

  • Group I Senior Prepayment Percentage for such Distribution Date: ............................

  • If on any Distribution Date the allocation to the Group I Certificates (other than the Class IA-P Certificates) of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group I Certificates (other than the Class IA-P Certificates) Subordinate Certificates below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

  • If on any Distribution Date the allocation to the Group I Certificates of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group I Certificates below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

  • Group I Senior Prepayment Percentage for such Distribution Date: ........................

  • The cost difference between the alternative arrangements and Service Provider’s bid value will be recovered from the firm along with other incidental charges including transportation, taxes, etc.

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More Definitions of Group I Senior Prepayment Percentage

Group I Senior Prepayment Percentage. (i) On any Distribution Date occurring before the Distribution Date in the month of September, 2007, 100%; (ii) on any other Distribution Date on which (x) the Group I Senior Percentage for such Distribution Date exceeds the initial Group I Senior Percentage or (y) the Group II Senior Percentage for such Distribution Date exceeds the initial Group II Senior Percentage, 100%; and (iii) on any other Distribution Date in the month of September, 2007 and thereafter, 100%, unless:
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Group I Senior Prepayment Percentage. As to any Distribution Date, the Senior Prepayment Percentage minus the Group II Senior Prepayment Percentage for such Distribution Date.
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Group I Senior Prepayment Percentage. (i) On any Distribution Date where the Group I Senior Enhancement Percentage for such Distribution Date is less than the initial Group I Senior Enhancement Percentage, then both of the Group I and Group II Senior Prepayment Percentage for such Distribution Date shall equal 100%; (ii) on any Distribution Date before the Distribution Date in June 2005 where, prior to giving effect to any distributions on such Distribution Date, the Group I Senior Enhancement Percentage for such Distribution Date is greater than or equal to twice the initial Group I Senior Enhancement Percentage, then the Group I Senior Prepayment Percentage for such Distribution Date will equal the Group I Senior Percentage plus 50% of the Group I Subordinate Percentage; (iii) on any Distribution Date on or after the Distribution Date in June 2005 where, prior to giving effect to any distributions on such Distribution Date, the Group I Senior Enhancement Percentage for such Distribution Date is greater than or equal to twice the initial Group I Senior Enhancement Percentage, then the Group I Senior Prepayment Percentage for such Distribution Date will equal the Group I Senior Percentage; and (iv) on any other Distribution Date in the month of June 2007 and thereafter, 100%, unless:
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Group I Senior Prepayment Percentage. On any Distribution Date occurring during the periods set forth below, as follows: Period (dates inclusive) Group I Senior Prepayment Percentage -------------------------------------------------------------------------------- February 25, 2004 - January 25, 2009 100% February 25, 2009 - January 25, 2010 Group I Senior Percentage plus 70% of the Group I Subordinate Percentage February 25, 2010 - January 25, 2011 Group I Senior Percentage plus 60% of the Group I Subordinate Percentage February 25, 2011 - January 25, 2012 Group I Senior Percentage plus 40% of the Group I Subordinate Percentage February 25, 2012 - January 25, 2013 Group I Senior Percentage plus 20% of the Group I Subordinate Percentage February 25, 2013 and thereafter Group I Senior Percentage In addition, no reduction of the Group I Senior Prepayment Percentage shall occur on any Distribution Date unless, as of the last day of the month preceding such Distribution Date, (A) the
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Related to Group I Senior Prepayment Percentage

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Subordinate Prepayment Percentage As to any Distribution Date and Loan Group, 100% minus the Senior Prepayment Percentage for such Loan Group for such Distribution Date.

  • Group I Senior Percentage As of each Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) in Loan Group I immediately prior to such Distribution Date.

  • Group II Senior Percentage For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group II-A and Residual Certificates divided by the aggregate Class Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof, with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date.

  • Applicable Prepayment Percentage means, at any time, 75%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is (i) less than or equal to 2.75:1.00 but greater than 2.25:1.00, the Applicable Prepayment Percentage shall instead be 50%, (ii) less than or equal to 2.25:1.00 but greater than 1.75:1.00, the Applicable Prepayment Percentage shall instead be 25% and (iii) less than or equal to 1.75:1.00, the Applicable Prepayment Percentage shall instead be 0%.

  • Senior Percentage As of any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Senior Certificates (other than the Class A-P Certificates) immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

  • Aggregate Senior Percentage With respect to any Distribution Date, the fraction, expressed as a percentage, the numerator of which is equal to the aggregate Class Certificate Balance of the Senior Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all the Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to that prior Due Date).

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

  • Term Loan Percentage means, for each Lender, the percentage of the Term Loan Commitments represented by such Lender’s Term Loan Commitment or, if the Term Loan Commitments have been terminated or have expired, the percentage held by such Lender of the aggregate principal amount of all Term Loans then outstanding.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Final Payment Percentage is five percent (5.00%).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.