Senior Percentage. With respect to any Payment Date is the percentage equivalent of a fraction, the numerator of which is the Class Notional Amount of the Class A-H Reference Tranche immediately prior to such Payment Date and the denominator of which is the aggregate unpaid principal balance of the Reference Obligations at the end of the previous Reporting Period.
Appears in 4 contracts
Samples: Exchange Administration Agreement, Global Agency Agreement, Stacr Debt Agreement
