Common use of Senior Enhancement Percentage Clause in Contracts

Senior Enhancement Percentage. For any Distribution Date, the percentage obtained by dividing (x) the sum of (i) the aggregate Class Principal Amount of the Group 1 Mezzanine and Group 1 Subordinate Certificates (after giving effect to the distribution of the Pool 1 Principal Distribution Amount on such Distribution Date) and (ii) the Overcollateralized Amount (after giving effect to the distribution of the Pool 1 Principal Distribution Amount on such Distribution Date) by (y) the Aggregate Stated Principal Balance of the Pool 1 Mortgage Loans as of the last day of the related Due Period.

Senior Enhancement Percentage. For any Distribution Date, the percentage obtained by dividing (x) the sum of (i) the aggregate Class Principal Amount of the Group 1 Mezzanine and Group 1 Subordinate Certificates (after giving effect to the distribution of the Pool 1 Principal Distribution Amount on such Distribution Date) and (ii) the Overcollateralized Amount (after giving effect to the distribution of the Pool 1 Principal Distribution Amount on such Distribution Date) by (y) the Aggregate Stated Principal Balance of the Pool 1 Mortgage Loans as of the last day of the related Due Period.

Senior Enhancement Percentage. For any Distribution Date, the percentage obtained by dividing (x) the sum of (i) the aggregate Class Principal Amount of the Group 1 Pool 3 Mezzanine and Group 1 Pool 3 Subordinate Certificates (after giving effect to the distribution of the Pool 1 3 Principal Distribution Amount on such Distribution Date) and (ii) the Overcollateralized Amount (after giving effect to the distribution of the Pool 1 3 Principal Distribution Amount on such Distribution Date) by (y) the Aggregate Stated Principal Balance of the Pool 1 3 Mortgage Loans as of the last day of the related Due Period.