Common use of Senior Enhancement Percentage Clause in Contracts

Senior Enhancement Percentage. With respect to any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the sum of the aggregate Class Principal Amount of the Group I Subordinate Certificates and the Pool 1-2 Overcollateralization Amount (which amount, for purposes of this definition only, shall not be less than zero and assuming for purposes of this definition that the Principal Distribution Amount has been distributed on such Distribution Date and no Pool 1-2 Trigger Event has occurred) and the denominator of which is the Pool 1-2 Aggregate Loan Balance for such Distribution Date, in each case after giving effect to distributions on such Distribution Date.

Senior Enhancement Percentage. With respect to any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the sum of the aggregate Class Principal Amount of the Group I II Subordinate Certificates and the Pool 12-2 3 Overcollateralization Amount (which amount, for purposes of this definition only, shall not be less than zero and assuming for purposes of this definition that the Principal Distribution Amount has been distributed on such Distribution Date and no Pool 12-2 3 Trigger Event has occurred) and the denominator of which is the Pool 12-2 3 Aggregate Loan Balance for such Distribution Date, in each case after giving effect to distributions on such Distribution Date.

Senior Enhancement Percentage. With respect to any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the sum of the aggregate Class Principal Amount of the Group I II Subordinate Certificates and the Pool 13-2 4 Overcollateralization Amount (which amount, for purposes of this definition only, shall not be less than zero and assuming for purposes of this definition that the Principal Distribution Amount has been distributed on such Distribution Date and no Pool 13-2 4 Trigger Event has occurred) and the denominator of which is the Pool 13-2 4 Aggregate Loan Balance for such Distribution Date, in each case after giving effect to distributions on such Distribution Date.