Asset Allocation Percentage definition
Asset Allocation Percentage shall have the meaning set forth in Section 6.8 of this Trust Agreement.
Asset Allocation Percentage. (as defined in the Indenture) for Series 2020-1 shall be the “Series 2020-1 Asset Allocation Percentage” (as defined in Section 101(a)).
Asset Allocation Percentage shall have the meaning set forth in the MPSA. “Asset Value” shall mean, with respect to each Purchased Mortgage Loan or Underlying Participation Interest, as applicable, as of any date of determination, the lesser of (a) the product of the applicable Purchase Price Percentage multiplied by (i) in the case of a Purchased Mortgage Loan, the Market Value of such Purchased Mortgage Loan or (ii) in the case of an Underlying Participation Interest, (A) the Market Value of the related Underlying Mortgage Loan multiplied by (B) the related Asset Allocation Percentage assigned to such Underlying Participation Interest and (b) (i) in the case of a Purchased Mortgage Loan, the outstanding Principal Balance of such Purchased Mortgage Loan or (ii) in the case of an Underlying Participation Interest, the outstanding Principal Balance of the related Underlying Mortgage Loan multiplied by the related Asset Allocation Percentage assigned to such Underlying Participation Interest, in each case subject to modification pursuant to the terms below. The Asset Value of the Series 2023-GOT Trust Certificate shall equal the sum of the Asset Values of the Underlying Participation Interests as of the related date of determination. For the avoidance of doubt, in calculating the Asset Value of any HomeSafe Flex, or HomeSafe Select or Select Advance Loan (including, without limitation, for purposes of determining the Purchase Price to be advanced by Buyer to Seller in connection with Buyer’s purchase of any Principal Advance on any Additional Advance Date), the outstanding Principal Balance of such Mortgage Loan and/or Principal Advance shall be deemed to solely include the portions of such Mortgage Loan that were advanced to the Mortgagor as principal, and shall exclude all other components of such advance, including, but not limited to, any fees, interest, taxes, capitalized interest or other amounts otherwise added to the outstanding principal balance of such Mortgage Loan in accordance with the related Mortgage Loan Documents. For the avoidance of doubt, in calculating the Asset Value of any HomeSafe Select for purposes of determining the Purchase Price Increase to be advanced by Buyer to Seller in connection with Seller’s transfer of a related Underlying Participation Interest to the Series 2023- GOT Trust, the outstanding Principal Balance of such HomeSafe Select shall be deemed to include solely the portions of such Mortgage Loan that were advanced to the Mortgagor as principal,...