Group II Senior Percentage Sample Clauses

Group II Senior Percentage. 30 Group II Senior Prepayment Percentage.........................................................30 Group II Senior Principal Distribution Amount.................................................30
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Group II Senior Percentage. If on any Distribution Date the allocation to the Class IIA Certificates and Class R Certificate of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Class IIA Certificates and Class R Certificate below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero. Notwithstanding the foregoing, however, on each Distribution Date, the Class IIA-P Certificates will receive the Group II Discount Fraction of all Principal Prepayments, including, without limitation, Principal Prepayments, received in respect of each Group II Discount Loan.
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Group II Senior Percentage. If on any Distribution Date the allocation to the Group II Certificates of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group II Certificates below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.
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Group II Senior Percentage. 39 TABLE OF CONTENTS (continued)
Sample 1
Group II Senior Percentage. The lesser of (a) 100% and (b) the percentage (carried to six places rounded up) obtained by dividing the Current Principal Amount of the Group II Senior Certificates (other than any Class II-PO Certificates), immediately prior to such Distribution Date, by the aggregate Scheduled Principal Balance of the Group II Mortgage Loans (other than the related PO Percentage thereof with respect to the related Discount Mortgage Loans) as of the beginning of the related Due Period. The initial Group II Senior Percentage for the Senior Certificates will be approximately 93.849533%.
Sample 1
Group II Senior Percentage. 43 Group II Senior Prepayment Percentage ........................ 43 Group II Senior Principal Distribution Amount ................ 44 Group II Special Hazard Coverage ............................. 45 Group II Subordinate Liquidation Amount ...................... 45 Group II Subordinate Percentage .............................. 45 Group II Subordinate Prepayment Percentage ................... 45 Group II Subordinate Principal Distribution Amount ........... 45 Group II Subordinate Principal Prepayments Distribution Amount 46 Group II-B Certificates ...................................... 46 Group II-X-X Regular Interests ............................... 46 Group II-L Regular Interests ................................. 46 Group II-L Senior Regular Interests .......................... 46
Sample 1
Group II Senior Percentage. + 60% of GROUP II SUBORDINATE PERCENTAGE -------------------------------------------------------------------------------------------------------------------
Sample 1
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Group II Senior Percentage. If on any Distribution Date the allocation to the Group II Certificates (other than Component IIA-8-5 of the Class IIA-8 Certificates) of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group II Certificates (other than Component IIA-8-5 of the Class IIA-8 Certificates) below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero. Notwithstanding the foregoing, however, on each Distribution Date, Component IIA-8-5 of the Class IIA-8 Certificates will receive the Group II Discount Fraction of all Principal Prepayments, including, without limitation, Principal Prepayments, received in respect of each Group II Discount Loan.
Sample 1

Related to Group II Senior Percentage

  • Senior Prepayment Percentage See the definition of “Group 1 Senior Prepayment Percentage or Group 2 Senior Prepayment Percentage”.

  • Original Class A Percentage The Original Class A Percentage is 96.79331905%.

  • Reallocated Investor Finance Charge Collections (a) That portion of Group I Investor Finance Charge Collections for any Transfer Date equal to the amount of Reallocated Investor Finance Charge Collections for such Transfer Date will be allocated to Series 1997-1 and will be distributed as set forth in this Supplement.

  • Excess Spread; Excess Finance Charge Collections The Servicer shall apply, or shall cause the Trustee to apply by written instruction to the Trustee, on each Distribution Date, Excess Spread and Excess Finance Charge Collections allocated to Series 1997-1 with respect to the related Monthly Period, to make the following distributions or deposits in the following order of priority:

  • Application of Available Finance Charge Collections and Available Principal Collections On or before each Transfer Date, the Servicer shall instruct the Indenture Trustee in writing (which writing shall be substantially in the form of Exhibit B) to withdraw and the Indenture Trustee, acting in accordance with such instructions, shall withdraw on such Transfer Date or related Distribution Date, as applicable, to the extent of available funds, the amount required to be withdrawn from the Finance Charge Account, the Principal Account, the Principal Accumulation Account and the Distribution Account as follows:

  • ORIGINAL CLASS A NON-PO PRINCIPAL BALANCE The Original Class A Non-PO Principal Balance is $170,009,500.00.

  • Excess Finance Charge Collections Series 2018-5 shall be an Excess Allocation Series. Subject to Section 4.05 of the Agreement, Excess Finance Charge Collections with respect to the Excess Allocation Series for any Distribution Date will be allocated to Series 2018-5 in an amount equal to the product of (x) the aggregate amount of Excess Finance Charge Collections with respect to all the Excess Allocation Series for such Distribution Date and (y) a fraction, the numerator of which is the Finance Charge Shortfall for Series 2018-5 for such Distribution Date and the denominator of which is the aggregate amount of Finance Charge Shortfalls for all the Excess Allocation Series for such Distribution Date. The “Finance Charge Shortfall” for Series 2018-5 for any Distribution Date will be equal to the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to subsections 4.05(a), 4.05(b) and 4.05(c) and subsections 4.07(a) through (j) on such Distribution Date and the full amount required to be paid, without duplication, pursuant to subsections 3.02(a)(iii) and 3.02(a)(iv) of the Transfer Agreement on the related Payment Date (as such term is defined in the Transfer Agreement) over (b) the sum of (i) the Reallocated Investor Finance Charge Collections, (ii) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period or Early Amortization Period, the amount of Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date and (iii) the amount of funds, if any, to be withdrawn from the Reserve Account which, pursuant to subsection 4.12(d), are required to be included in Class A Available Funds with respect to such Distribution Date. The amount of Excess Finance Charge Collections for Series 2018-5 for any Distribution Date shall be specified in subsection 3.02(a)(v) of the Transfer Agreement. On each Distribution Date, the Trustee shall deposit into the Collection Account for application in accordance with Section 4.05 of the Agreement the aggregate amount of Excess Finance Charge Collections received by the Trustee pursuant to the Transfer Agreement on such date.

  • Limitation on Aggregate Principal Amount The aggregate principal amount of the Notes shall not be limited. The Company shall not execute and the Trustee shall not authenticate or deliver Notes except as permitted by the terms of the Indenture.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,493,405.52.

  • Designation of Additional Amounts to Be Included in the Excess Spread Amount for the DiscoverSeries Notes At any time that any outstanding Series of certificates issued by the Master Trust provides that the Series Principal Collections allocated to such Series will be deposited into the Group Finance Charge Collections Reallocation Account for the Master Trust to the extent necessary for application to cover shortfalls for other Series issued by the Master Trust, an amount equal to (x) all Series Principal Collections allocated to such Series, multiplied by (y) a fraction, the numerator of which is the sum of the Nominal Liquidation Amounts for each outstanding Tranche of the DiscoverSeries Notes (including these notes) and the denominator of which is (i) the Aggregate Investor Interest for the Master Trust minus (ii) the sum of the Series Investor Interests for all such Series that provide that the Series Principal Collections allocated to such Series will be so deposited, is hereby designated to be included in the Excess Spread Amount and shall be treated as Series Finance Charge Amounts for the DiscoverSeries.

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