Common use of Senior Enhancement Percentage Clause in Contracts

Senior Enhancement Percentage. For any Payment Date, the fraction, expressed as a percentage, the numerator of which is the sum of the aggregate Class Principal Amounts of the Subordinate Notes and the Overcollateralization Amount (which, for purposes of this definition only, shall not be less than zero) and the denominator of which is the Aggregate Loan Balance for such Payment Date, in each case after giving effect to payments on such Payment Date.

Senior Enhancement Percentage. For any Payment Date, Date the fraction, expressed as a percentage, the numerator of which is the sum of the aggregate Class Principal Amounts Balance of the Subordinate Class 2M Notes and the Group 2 Overcollateralization Amount (which, for purposes of this definition only, shall not be less than zero) and the denominator of which is the Aggregate Loan Balance for such Payment Date), in each case after giving effect to payments on such Payment Date, and the denominator of which is the Aggregate Collateral Balance of the Group 2 Loans for such Payment Date over the outstanding Class Principal Balance of the Class G Certificates.

Senior Enhancement Percentage. For any Payment Date, the fraction, expressed as a percentage, the numerator of which is the sum of the aggregate Class Principal Amounts of the Subordinate Notes and the Overcollateralization Amount (which, for purposes of this definition only, shall not be less than zero) and the denominator of which is the Aggregate Loan Balance for such Payment Date, in each case after giving effect to payments on such Payment Date and the denominator of which is the Aggregate Collateral Balance for such Payment Date.

Senior Enhancement Percentage. For any Payment Date, the fraction, expressed as a percentage, the numerator of which is the sum of the aggregate Class Principal Amounts Amount of the Subordinate Notes and the Overcollateralization Amount (which, for purposes of this definition only, shall not be less than zero) and the denominator of which is the Aggregate Loan Balance for such Payment Date, in each case after giving effect to payments on such Payment Date and the denominator of which is the Aggregate Collateral Balance for such Payment Date.