Common use of Weighted Average Seller Share Percentage Clause in Contracts

Weighted Average Seller Share Percentage. On any Distribution Date in respect to which (i) the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee, or (ii) Funding had paid a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, during the Trust Calculation Period immediately preceding such Distribution Date, the Cash Manager will calculate (for the sole purpose of making the distributions to be made on such Distribution Date) the weighted average of the Seller Share Percentages that were calculated previously in respect of the Revenue Receipts and Principal Receipts received, and Losses sustained, during each Interim Calculation Period occurring in such immediately preceding Trust Calculation Period and will be a percentage equal to: (a) in respect of the distribution of Revenue Receipts to be made on such Distribution Date: 100% - Weighted Average Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(a) above; (b) in respect of the distribution of Principal Receipts to be made on such Distribution Date: 100% - Weighted Average Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(b) above; and (c) in respect of the allocation of Losses to be made on such Distribution Date: 100% - Weighted Average Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(c) above.

Weighted Average Seller Share Percentage. On any Distribution Date in respect to of which (i) the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee, or (ii) Funding had paid a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, during the Trust Calculation Period immediately preceding such Distribution Date, the Cash Manager will calculate (for the sole purpose of making the distributions to be made on such Distribution Date) the weighted average of the Seller Share Percentages that were calculated previously in respect of the Revenue Receipts and Principal Receipts received, and Losses sustained, during each Interim Calculation Period occurring in such immediately preceding Trust Calculation Period and will be a percentage an amount equal to: (a) in respect of the distribution of Revenue Receipts to be made on such Distribution Date: 100% - Weighted 100%-Weighted Average Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(a) above; (b) in respect of the distribution of Principal Receipts to be made on such Distribution Date: 100% - Weighted 100%-Weighted Average Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(b) above; and (c) in respect of the allocation of Losses to be made on such Distribution Date: 100% - Weighted 100%-Weighted Average Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(c) above.

Weighted Average Seller Share Percentage. On any Distribution Date in respect to of which (i) the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee, or (ii) Funding had paid a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, during the Trust Calculation Period immediately preceding such Distribution Date, the Cash Manager will calculate (for the sole purpose of making the distributions to be made on such Distribution Date) the weighted average of the Seller Share Percentages that were calculated previously in respect of the Revenue Receipts and Principal Receipts received, and Losses sustained, during each Interim Calculation Period occurring in such immediately preceding Trust Calculation Period and will be a percentage an amount equal to: (a) in respect of the distribution of Revenue Receipts to be made on such Distribution Date: 100% - Weighted Average Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(a) above; (b) in respect of the distribution of Principal Receipts to be made on such Distribution Date: 100% - Weighted Average Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(b) above; and (c) in respect of the allocation of Losses to be made on such Distribution Date: 100% - Weighted Average Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(c) above.

Weighted Average Seller Share Percentage. On any Distribution Date in respect to of which (i) the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee, or (ii) Funding had paid a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, during the Trust Calculation Period immediately preceding such Distribution Date, the Cash Manager will calculate (for the sole purpose of making the distributions to be made on such Distribution Date) the weighted average of the Seller Share Percentages that were calculated previously in respect of the Revenue Receipts and Principal Receipts received, and Losses sustained, during each Interim Calculation Period occurring in such immediately preceding Trust Calculation Period and will be a percentage an amount equal to: (a) in respect of the distribution of Revenue Receipts to be made on such Distribution Date: 100% - Weighted Average Current Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(a) above; (b) in respect of the distribution of Principal Receipts to be made on such Distribution Date: 100% - Weighted Average Current Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(b) above; and (c) in respect of the allocation of Losses to be made on such Distribution Date: 100% - Weighted Average Current Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(c) above.

Weighted Average Seller Share Percentage. On any Distribution Date in respect to of which (i) the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee, or (ii) Funding had paid a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, during the Trust Calculation Period immediately preceding such Distribution Date, the Cash Manager will calculate (for the sole purpose of making the distributions to be made on such Distribution Date) the weighted average of the Seller Share Percentages that were calculated previously in respect of the Revenue Receipts and Principal Receipts received, and Losses sustained, during each Interim Calculation Period occurring in such immediately preceding Trust Calculation Period and will be a percentage an amount equal to: (a) in respect of the distribution of Revenue Receipts to be made on such Distribution Date: 100% - -- Weighted Average Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(a) above; (b) in respect of the distribution of Principal Receipts to be made on such Distribution Date: 100% - -- Weighted Average Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(b) above; and (c) in respect of the allocation of Losses to be made on such Distribution Date: 100% - -- Weighted Average Funding Share Percentage where such Weighted Average Funding Share Percentage is as calculated in Clause 8.3(c) above.