Common use of Senior Liquidation Amount Clause in Contracts

Senior Liquidation Amount. Balance: For any date of determination, an amount equal to the then outstanding aggregate Principal Balance of the Subgroup 1-2 Loans reduced by the aggregate Class Principal Balance of the Subgroup 1-2 REMIC II Regular Interests.

Senior Liquidation Amount. A4 Subordinate Balance: For any date of determination, an amount equal to the then outstanding aggregate Principal Balance of the Subgroup 12-2 A4 Loans reduced by the sum of (i) the aggregate Class Principal Balance of the Subgroup 12-2 REMIC II Regular InterestsA4 Certificates. Subgroup 2-A4 Subordinate Percentage: For any Distribution Date, the excess of 100% over the Subgroup 2-A4 Senior Percentage for such date.