Class C Percentage Interest definition

Class C Percentage Interest. As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

Class C Percentage Interest means, the quotient of the Aggregate Certificate Balance of the Class C Certificates divided by the Certificate Balance of the Class C REMIC III Regular Interest. As of the Closing Date, the Class C Percentage Interest shall be 100.0%.

Class C Percentage Interest means, with respect to a Class C Member, the percentage obtained by dividing (a) the number of Class C Units held by such Class C Member by (b) all issued and outstanding Class C Units.

Examples of Class C Percentage Interest in a sentence

• On each Distribution Date, all Prepayment Premiums, if any, distributed on the Class C REMIC III Regular Interest on such Distribution Date pursuant to this Section 6.10 shall be further distributed by the Certificate Administrator on behalf of the Trustee to the Holders of the Class C Certificates and the Class PST Certificates, 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.

• 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.

• 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.

• On each Distribution Date, any Yield Maintenance Charges distributed in respect of the Class C Regular Interest shall be further allocated between and distributed on the Class C Certificates and the Class PEZ Component C (and correspondingly on the Class PEZ Certificates), pro rata in proportion to the Class C Percentage Interest and Class C-PEZ Percentage 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.

More Definitions of Class C Percentage Interest

Class C Percentage Interest means, with respect to a Class C Holder at any time and from time to time, a percentage equal to a fraction, the numerator of which is the number of Class C Units owned by such Class C Holder and the denominator of which is the aggregate number of Common Units owned by all Members;

Class C Percentage Interest means, with respect to each Class C Member, as of the time of determination, the quotient (expressed as a percentage) obtained by dividing the number of Class C Units held by such Member by (b) the total number of Class C Units outstanding.

Class C Percentage Interest means, at all times, 50.0%.

Class C Percentage Interest means, with respect to a Class C Member, the number of Class C Units set forth opposite such Member’s name on Schedule 3.1 divided by the aggregate number of outstanding Class C Units set forth on Schedule 3.1, subject to adjustment pursuant to a transfer of a Class C Unit by such Member or the issuance of new Class C Units by the Company, in either case, in compliance with the terms of this Agreement

Class C Percentage Interest means the fraction (expressed as a percentage), the numerator of which is the Percentage Interest of the applicable Class C Member and the denominator of which is the aggregate Percentage Interest of all Class C Members on the applicable date of computation.

Class C Percentage Interest. The interest in the Class C Portion of the Trust that is evidenced by a Class C Certificate and that is set forth on the face of such Certificate; provided, however, that the Trustee on behalf of the Trust shall only issue Class C Certificates evidencing in the aggregate Class C Percentage Interests totaling 100%.

Class C Percentage Interest means with respect to Class C Interests, the percentage interest of each holder of a Class C Interest, which percentage interest shall be calculated as a fraction, expressed as a percentage, the numerator of which is amount of the Allowed Toys Inc. Unsecured Claim in respect of which such Class C Interest is held and the denominator of which is the aggregate amount of Allowed Toys Inc. Unsecured Claims in respect of which Class C Interests are held (including those deemed held by the Disputed Claims Reserve).