Class C Percentage definition

Class C Percentage means at any time the percentage equivalent of a fraction, the numerator of which is the Outstanding Amount of the Class C Notes and the denominator of which is the sum of the Outstanding Amount of all the Notes.

Class C Percentage means the percentage derived from the fraction the numerator of which is the Class C Invested Initial Amount and the denominator of which is the sum of the Class A Initial Invested Amount, the Class B Initial Invested Amount and the Class C Initial Invested Amount.

Class C Percentage means [ ]%.

Examples of Class C Percentage in a sentence

• On each Distribution Date, the amount of any Net Aggregate Prepayment Interest Shortfall for such Distribution Date allocated to the Class C REMIC III Regular Interest shall be allocated between the Class C Certificates and the Class PST Component C, pro rata, based on the Class C Percentage Interest and the Class C-PST Percentage Interest, respectively, in the Class C REMIC III Regular Interest.

• The Class C Percentage at any time equals the percentage equivalent of a fraction, the numerator of which is the aggregate outstanding principal balance of the class C notes and the denominator of which is the sum of the aggregate outstanding principal balance of all the notes.

• At all times, the Class A-S, Class B and Class C Certificates shall represent beneficial ownership interests in the Class A-S Percentage Interest, the Class B Percentage Interest and the Class C Percentage Interest, respectively, in the Class A-S REMIC III Regular Interest, Class B REMIC III Regular Interest and Class C REMIC III Regular Interest, respectively.

• The Class A-S, Class B and Class C Certificates represent ownership of the Class A-S Percentage Interest, the Class B Percentage Interest and the Class C Percentage Interest, respectively, in the Class A-S REMIC III Regular Interest, Class B REMIC III Regular Interest and Class C REMIC III Regular Interest, respectively.

• The Trustee has delivered upon the instruction of the Depositor, in exchange for the Receivables, Class A Certificates and the Class B Certificates duly authenticated by the Trustee, in authorized denominations equaling in the aggregate the initial Class A Certificate Balance and the initial Class B Certificate Balance and the Class C Certificate duly authenticated by the Trustee, evidencing an aggregate Class C Percentage Interest of 100%.

More Definitions of Class C Percentage

Class C Percentage means at any time the percentage equivalent of a fraction, the numerator of which is the aggregate outstanding principal balance of the class C notes and the denominator of which is the sum of the aggregate outstanding principal balance of all the notes.

Class C Percentage means, as of any date of determination, a percentage equal to the excess, if any, of (x) 100% over (y) the Class A/B Percentage as of such date.

Class C Percentage means 2.0%.

Class C Percentage means 1.50%.

Class C Percentage means a fraction the numerator of which is the Class C Note Balance on the closing date and the denominator of which is the Initial Aggregate Discounted Contract Balance.

Class C Percentage means a fraction (expressed as a percentage) the numerator of which shall be the number of shares of Class C Common Stock issued and outstanding immediately after the IPO Date and the denominator of which shall be the sum of (i) the number of shares of Class B Common Stock issued and outstanding immediately after the IPO Date and (ii) the number of shares of Class C Common Stock issued and outstanding immediately after the IPO Date (disregarding for purposes of such calculation any outstanding shares of Common Stock owned by any Subsidiary of the Corporation and any outstanding shares of Class C (Series II) Common Stock).

Class C Percentage means approximately [ ]%, calculated as the percentage equivalent of a fraction the numerator of which is the principal amount on the date of issuance of the Class C Notes, and the denominator of which is the sum of the principal amount on the date of issuance of the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes and the Class C Notes; provided, however, that in the event that after the Class A-1 Notes have been paid in full, the amount on deposit in the Reserve Account on any Payment Date falls to less than 1.00% of the Initial Adjusted Pool Balance and that amount is less than the Specified Reserve Balance for that Payment Date, the Class C Percentage shall be (i) 0% until the Class B Notes have been paid in full and (ii) 100% after the Class B Notes have been paid in full.