Class A Prepayment Percentage definition

Class A Prepayment Percentage. As to any Distribution Date to and including the Distribution Date in [_____], [_____]%. As to any Distribution Date subsequent to [_____] to and including the Distribution Date in [_____], the Class A Percentage as of such Distribution Date plus [_____]% of the Subordinated Percentage as of such Distribution Date. As to any Distribution Date subsequent to [_____] to and including the Distribution Date in [_____], the Class A Percentage as of such Distribution Date plus [_____]% of the Subordinated Percentage as of such Distribution Date. As to any Distribution Date subsequent to [_____] to and including the Distribution Date in [_____], the Class A Percentage as of such Distribution Date plus [_____]% of the Subordinated Percentage as of such Distribution Date. As to any Distribution Date subsequent to [_____] to and including the Distribution Date in [_____], the Class A Percentage as of such Distribution Date plus [_____]% of the Subordinated Percentage as of such Distribution Date. As to any Distribution Date subsequent to [_____], the Class A Percentage as of such Distribution Date. The foregoing is subject to the following: (i) if the aggregate distribution to Holders of Class A Certificates on any Distribution Date of the Class A Prepayment Percentage provided above of Unscheduled Principal Receipts distributable on such Distribution Date would reduce the Class A Non-PO Principal Balance below zero, the Class A Prepayment Percentage for such Distribution Date shall be the percentage necessary to bring the Class A Non-PO Principal Balance to zero and thereafter the Class A Prepayment Percentage shall be zero and (ii) if the Class A Percentage as of any Distribution Date is greater than the Original Class A Percentage, the Class A Prepayment Percentage for such Distribution Date shall be [_____]%. Notwithstanding the foregoing, with respect to any Distribution Date on which the following criteria are not met, the reduction of the Class A Prepayment Percentage described in the second through sixth sentences of this definition of Class A Prepayment Percentage shall not be applicable with respect to such Distribution Date. In such event, the Class A Prepayment Percentage for such Distribution Date will be determined in accordance with the applicable provision, as set forth in the first through fifth sentences above, which was actually used to determine the Class A Prepayment Percentage for the Distribution Date occurring in the April preceding such Distr...
Sample 1
Class A Prepayment Percentage. As to any Distribution Date to and including the Distribution Date in [month] [year], 100%. As to any Distribution Date subsequent to [month] [year] to and including the Distribution Date in [month] [year], the Class A Percentage as of such Distribution Date plus 70% of the Subordinate Prepayment Percentage for such Distribution Date, provided that prior to the Distribution Date next succeeding the first Distribution Date, if any, after [month] [year] as of which the Step-down Criteria are met, the Class A Prepayment Percentage shall be 100%. As to any Distribution Date subsequent to [month] [year] to and including the Distribution Date in [month] [year], the Class A Percentage as of such Distribution Date plus 60% of the Subordinate Prepayment Percentage for such Distribution Date, provided that prior to the Distribution Date next succeeding the first Distribution Date, if any, after [month] [year] as of which the Step-down Criteria are met, the Class A Prepayment Percentage shall be the Class A Prepayment Percentage in effect in [month] [year]. As to any Distribution Date subsequent to [month] [year], to and including the Distribution Date in [month] [year], the Class A Percentage as of such Distribution Date plus 40% of the Subordinate Prepayment Percentage for such Distribution Date, provided that prior to the Distribution Date next succeeding the first Distribution Date, if any, after [month] [year] as of which the Step-down Criteria are met, the Class A Prepayment Percentage shall be the Class A Prepayment Percentage in effect in Subordinate Prepayment Percentage for [month] [year]. As to any Distribution Date subsequent to [month] [year], to and including the Distribution Date in [month] [year], the Class A Percentage as of such Distribution Date plus 20% of the Subordinate Prepayment Percentage for such Distribution Date, provided that prior to the Distribution Date next succeeding the first Distribution Date, if any, after [month] [year] as of which the Step-down Criteria are met, the Class A Prepayment Percentage shall be the Class A Prepayment Percentage in effect in [month] [year]. As to any Distribution Date subsequent to [month] [year], the Class A Percentage as of such Distribution Date, provided that prior to the Distribution Date next succeeding the first Distribution Date, if any, after [month] [year] as of which the Step-down Criteria are met, the Class A Prepayment Percentage shall be the Class A Prepayment Percentage in effect in [mont...
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Class A Prepayment Percentage. The Class A Prepayment Percentage shall equal, with respect to any Distribution Date, the percentage indicated below: Distribution Date Class A Prepayment Percentage May 1997 through April 2002 100% May 2002 through April 2003 Class A Percentage, plus 70% of the difference between 100% and the Class A Percentage May 2003 through April 2004 Class A Percentage, plus 60% of the difference between 100% and the Class A Percentage May 2004 through April 2005 Class A Percentage, plus 40% of the difference between 100% and the Class A Percentage May 2005 through April 2006 Class A Percentage, plus 20% of the difference between 100% and the Class A Percentage May 2006 and thereafter Class A Percentage; Any Scheduled reduction to the Class A Prepayment Percentage described above shall not be made as of any Distribution Date, unless both (i)(X) the average outstanding principal balance of the Group II Mortgage Loans delinquent 60 days or more over the last six months, as a percentage of the Class B Loan Group II Component Balance, is less than 50% or (Y) the average outstanding principal balance of the Group II Mortgage Loans delinquent 60 days or more over the last six months, as a percentage of the aggregate average outstanding principal balance of all Group II Mortgage Loans over the last six months, does not exceed 2% and (ii) realized losses on the Group II Mortgage Loans to date for such Distribution Date, if occurring during the sixth, seventh, eighth, ninth or tenth year (or any year thereafter) after the first Distribution Date, are less than 30%, 35%, 40%, 45% or 50%, respectively, of the initial Class B Group II Loan Group Component Balance. Notwithstanding the above, if on any Distribution Date, the Class FXA Percentage exceeds the initial Class FXA Percentage, then the Class A Prepayment Percentage for each such Distribution Date will equal 100%. Further, upon the reduction of the Class A Subaccount Principal Balance of all of the Class A Subaccounts to zero, the Class A Prepayment Percentage shall equal zero.
Sample 1

Examples of Class A Prepayment Percentage in a sentence

  • For any Payment Date, the excess of 100% over the Class A Prepayment Percentage with respect to such Payment Date.

  • I-7 Class A Prepayment Percentage......................................................................

  • The sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan, other than a Liquidated Loan, with respect to which the related Mortgaged Property has been acquired by the Trust) of the product of (A) the Non-PO Percentage for such Mortgaged Loan and (B) the sum of the amounts described in clause (b), (c), (d) and (e) of the definition of "Class A Non-PO Principal Amount," but without that amount being multiplied by the Class A Prepayment Percentage.


More Definitions of Class A Prepayment Percentage

Class A Prepayment Percentage. The Class 1A Prepayment Percentage or the Class 2A Prepayment Percentage, as applicable.
Sample 1
Class A Prepayment Percentage. With respect to Sub-Pool 1, the Sub-Pool 1 Prepayment Percentage. With respect to Sub-Pool 2, the Sub-Pool 2 Prepayment Percentage. Notwithstanding the foregoing, (a) if the Class A Prepayment Percentage for one Sub-Pool is 100%, then the Class A Prepayment Percentage for the other Sub-Pool shall also be 100% and (b) if on any Distribution Date occurring after the first five years following the Closing Date, Realized Losses on the Mortgage Loans in both Sub-Pools to date exceed 50% of the initial sum of the Certificate Principal Balances of the Subordinate Certificates, then the Class A Prepayment Percentage for each Sub-Pool will be the greater of the Sub-Pool Prepayment Percentages.
Sample 1
Class A Prepayment Percentage. The Class A Prepayment Percentage shall be determined as follows: As to any Distribution Date to and including the Distribution Date in the month in which the fifth anniversary of the Issue Date occurs, 100%. As to any Distribution Date subsequent to such fifth anniversary to and including the Distribution Date in the month in which the sixth anniversary of the Issue Date occurs, the Class A Percentage as of such Distribution Date plus 70% of the Subordinated CitiCertificate Percentage as of such Distribution Date. As to any Distribution Date subsequent to such sixth anniversary to and including the Distribution Date in the month in which the seventh anniversary of the Issue Date occurs, the Class A Percentage as of such Distribution Date plus 60% of the Subordinated CitiCertificate Percentage as of such Distribution Date. As to any Distribution Date subsequent to such seventh anniversary to and including the Distribution Date in the month in which the eighth anniversary of the Issue Date occurs, the Class A Percentage as of such Distribution Date plus 40% of the Subordinated CitiCertificate Percentage as of such Distribution Date. As to any Distribution Date subsequent to such eighth anniversary to and including the Distribution Date in the month in which the ninth anniversary of the Issue Date occurs, the Class A Percentage as of such Distribution Date plus 20% of the Subordinated CitiCertificate Percentage as of such Distribution Date. As to any Distribution Date subsequent to such ninth anniversary, the Class A Percentage as of such Distribution Date. Notwithstanding the foregoing, if the Class A Percentage on any Distribution Date exceeds the initial Class A Percentage, the Class A Prepayment Percentage for such Distribution Date will once again equal 100%. No reduction to the Class A Prepayment Percentage described in the first paragraph of this definition of Class A Prepayment Percentage shall occur unless (a) the Servicer certifies to the Trustee, as of the first Distribution Date as to which any such reduction applies, that (1) the Adjusted Balance of the Mortgage Loans delinquent 60 days or more (including, for this purpose, Mortgage Loans in foreclosure and real estate owned by the Trust as a result of Mortgagor default) averaged over the last six months, as a percentage of the sum of the Class M Stated Amount and the Class B Stated Amount averaged over the last six months, is less than 50% or (y) the Adjusted Balance of such delinquent Mortgage...
Sample 1
Class A Prepayment Percentage. As defined in Article XII.
Sample 1

Related to Class A Prepayment Percentage

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment 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 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment 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 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-4 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-4 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-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 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-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.

  • Class B Prepayment Percentage Any of the Class B-1 Prepayment Percentage, Class B-2 Prepayment Percentage, Class B-3 Prepayment Percentage, Class B-4 Prepayment Percentage, Class B-5 Prepayment Percentage or Class B-6 Prepayment Percentage.

  • Class B-1 Prepayment Percentage As to any Distribution Date, the percentage calculated by multiplying the Subordinated Prepayment Percentage by either (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 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) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), one.

  • Class B-3 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-3 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-3 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-3 Prepayment Percentage for such Distribution Date will be zero.

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Subordinate Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

  • Applicable Prepayment Percentage means, at any time, for purposes of Section 4.02(e) and the definition of “Retained Excess Cash Flow Amount,” 50%; provided that, so long as no Default or Event of Default is then in existence, if the Total Leverage Ratio is less than 3.50:1.00 as at the last day of the most recently ended Fiscal Year of the U.S. Borrower (as set forth in an officer’s certificate delivered pursuant to Section 8.01(d) for the Fiscal Year of the U.S. Borrower then last ended), the Applicable Prepayment Percentage shall instead be 0%.

  • Subordinated Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

  • Prepayment Shift Percentage Not applicable.

  • Class A Percentage As to any Distribution Date occurring on or prior to the Cross-Over Date, the lesser of (i) 100% and (ii) the percentage obtained by dividing the Class A Non-PO Principal Balance (determined as of the Determination Date preceding such Distribution Date) by the Pool Balance (Non-PO Portion). As to any Distribution Date occurring subsequent to the Cross-Over Date, 100% or such lesser percentage which will cause the Class A Non-PO Principal Balance to decline to zero following the distribution made on such Distribution Date.

  • Final Payment Percentage is five percent (5.00%).

  • Class A Interest Percentage As to any Distribution Date and any Class of Class A Certificates, the percentage calculated by dividing the Interest Accrual Amount of such Class (determined without regard to clause (ii) of the definition thereof) by the Class A Interest Accrual Amount (determined without regard to clause (ii) of the definition of Interest Accrual Amount).

  • Original Class A Percentage The Class A Percentage as of the Cut-Off Date, as set forth in Section 11.04.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

  • Prepayment Distribution Percentage With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below:

  • Term Loan Percentage means, with respect to any Term Loan Lender at any time, the percentage of the total outstanding principal balance of the Term Loans represented by the outstanding principal balance of such Term Loan Lender’s Term Loans.

  • Note Percentage means (i) for each Payment Date until the aggregate principal amount of each Class of Notes has been paid in full, 100%; and (ii) thereafter, 0%.

  • Class A Floating Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Class A Adjusted Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Invested Amount as of such day; provided, however, that with respect to the first Monthly Period, the Class A Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Class B Interest Percentage With respect to any Distribution Date and any Class of Class B Certificates, the percentage calculated by dividing the Interest Accrual Amount of such Class (determined without regard to clause (ii) of the definition thereof) by the Class B Interest Accrual Amount (determined without regard to clause (ii) of the definition of each Interest Accrual Amount).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Class B-4 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-4 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-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Percentage for such Distribution Date will be zero.