AP Percentage definition

AP Percentage. As to any Discount Mortgage Loan, the percentage equivalent of a fraction, the numerator of which is the applicable Designated Rate minus the Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the applicable Designated Rate. As to any Non-Discount Mortgage Loan, 0%.
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AP Percentage. Not applicable.
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AP Percentage. As to any Discount Mortgage Loan in Pool 1 and Pool 3, the percentage equivalent of a fraction, the numerator of which is the applicable Designated Rate minus the Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the applicable Designated Rate. As to any Non-Discount Mortgage Loan in Pool 1 and Pool 3, 0%. As to any Mortgage Loan in Pool 2, 0%.
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More Definitions of AP Percentage

AP Percentage. As to any Pool 1 Discount Mortgage Loan, the ------------- percentage equivalent of the fraction, the numerator of which is the excess of 7.50% over the Net Mortgage Rate of such Pool 1 Discount Mortgage Loan and the denominator of which is 7.50%. As to any Pool 1 Non-Discount Mortgage Loan, 0%.
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AP Percentage. With respect to any Distribution Date and any Pool 1 Discount Mortgage Loan, the percentage equivalent of the fraction, the numerator of which is 6.25% minus the applicable Net Mortgage Rate, and the denominator of which is 6.25%. As to any Pool 1 Non-Discount Mortgage Loan, 0.00%. With respect to any Distribution Date and any Pool 2 Discount Mortgage Loan, the percentage equivalent of the fraction, the numerator of which is 6.50% minus the applicable Net Mortgage Rate and the denominator of which is 6.50%. As to any Pool 2 Non-Discount Mortgage Loan, 0.00%.
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AP Percentage. As to any Discount Mortgage Loan in either Mortgage Pool, ------------- the percentage equivalent of a fraction, the numerator of which is 6.90% minus the Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is 6.90%. As to any Premium Mortgage Loan in either Mortgage Pool, 0.000%.
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Related to AP Percentage

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.

  • Class B-6 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Percentage for such Distribution Date will be zero.

  • Class B-5 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Percentage for such Distribution Date will be zero.

  • Sharing Percentage means, with respect to any Member, a percentage, expressed as a fraction the numerator of which is the number of Units held by such Member and the denominator of which is the aggregate number of Units held by all Members.