Class M-1 Percentage. With respect to any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Class Certificate Balance of the Class M-1 Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date.
Class M-1 Percentage. With respect to any Distribution Date, the percentage derived from the fraction (which shall not be greater than 1), the numerator of which is the Class M-1 Adjusted Certificate Principal Balance immediately prior to such Distribution Date and the denominator of which is the sum of the Class A Certificate Principal Balance, the Class M-1 Adjusted Certificate Principal Balance, the Class M-2 Adjusted Certificate Principal Balance, the Class B-1 Adjusted Certificate Principal Balance and the Class B-2 Adjusted Certificate Principal Balance, each immediately prior to such Distribution Date.
Class M-1 Percentage means: --------------------
Examples of Class M-1 Percentage in a sentence
Class M-1 Adjusted Pool Factor 1.00000000 --------------- (7) Class M-1 Percentage for such Remittance Date 0.00% --------------- (8) Class M-1 Principal Distribution: a.
Unpaid Class M-1 Principal Shortfall (if any) following prior Remittance Date 0.00 --------------- (9) Unpaid Class M-1 Principal Shortfall (if any) following current Remittance Date 0.00 --------------- (10) Class M-1 Percentage for the following Remittance Date 0.00% --------------- (11) Class M-1 Liquidation Loss Interest a.
Repurchases .00 N/A (34) Class M-1 Principal Balance 28,780,000.00 1000.00000000 (34a) Class M-1 Pool Factor 1.00000000 (35) Class M-1 Percentage after prior Remittance Date .00% (36) Class M-1 Percentage for such Remittance Date .00% (37) Class M-1 Percentage for the following Remittance Date .00% (38) Class M-1 Principal Distribution: a.
Repurchases .00 N/A (34) Class M-1 Principal Balance 40,610,000.00 1000.00000000 (34a) Class M-1 Pool Factor 1.00000000 (35) Class M-1 Percentage after prior Remittance Date .00% (36) Class M-1 Percentage for such Remittance Date .00% (37) Class M-1 Percentage for the following Remittance Date .00% (38) Class M-1 Principal Distribution: a.
Unpaid Class M-1 Principal Shortfall (if any) following prior Remittance Date 0.00 ------------- (9) Unpaid Class M-1 Principal Shortfall (if any) following current Remittance Date 0.00 ------------- (10) Class M-1 Percentage for the following Remittance Date 0.00% ------------- (11) Class M-1 Liquidation Loss Interest a.
More Definitions of Class M-1 Percentage
Class M-1 Percentage. As to any Remittance Date, the percentage derived from the fraction (which shall not be greater than 1) whose numerator is the Class M-1 Principal Balance immediately prior to such Remittance Date and whose denominator is the Pool Scheduled Principal Balance immediately prior to such Remittance Date.
Class M-1 Percentage. With respect to any Distribution Date, (i) if the Class A Certificate Balance has not been reduced to zero and each of the Principal Distribution Tests and the Class M-1 Principal Distribution Test have not been satisfied on such Distribution Date, zero, and (ii) (a) if the Class A Certificate Balance has been reduced to zero or (b) if the Principal Distribution Tests and the Class M-1 Principal Distribution Test have been satisfied on such Distribution Date: the percentage equivalent of a fraction (not to exceed one), the numerator of which is the Class M-1 Adjusted Certificate Balance and the denominator of which is the sum of (i) the Class A Certificate Balance; (ii) the Class M-1 Adjusted Certificate Balance; (iii) if the Class M-2 Principal Distribution Test is satisfied on such Distribution Date, the Class M-2 Adjusted Certificate Balance, otherwise zero; (iv) if the Class B-1 Principal Distribution Test is satisfied on such Distribution Date, the Class B-1 Adjusted Certificate Balance, otherwise zero; and (v) if the Class B-2 Principal Distribution Test is satisfied on such Distribution Date, the sum of the Class B-2 Adjusted Certificate Balance and the Overcollateralization Amount, otherwise, zero; in each case determined as of the immediately preceding Distribution Date (or as of the Closing Date in the case of the first Distribution Date).
Class M-1 Percentage. Means 78.00%.
Class M-1 Percentage. With respect to any Distribution Date, the percentage derived from the fraction (which shall not be greater than 1), the numerator of which is the Class M-1 Adjusted Certificate Principal Balance immediately prior to such Distribution Date and the denominator of which is the sum of the Class A-1 Certificate Principal Balance, the Class A-2 Certificate Principal Balance, the Class A-3 Certificate Principal Balance, the Class A-4 Certificate Principal Balance, the Class A-5 Certificate Principal Balance, the Class M-1 Adjusted Certificate Principal Balance, the Class M-2 Adjusted Certificate Principal Balance, the Class B-1 Adjusted Certificate Principal Balance and the Class B-2 Adjusted Certificate Principal Balance, each immediately prior to such Distribution Date.
Class M-1 Percentage means: --------------------
(i) as to any Remittance Date prior to the Class A-5 Cross-Over Date and on which the Class M-1 Distribution Test is not satisfied, 0%, and
(ii) as to any Remittance Date after the Class A-5 Cross-Over Date or on which the Class M-1 Distribution Test is satisfied, a fraction, expressed as a percentage, the numerator of which is the Class M-1 Principal Balance (minus the Unpaid Class M-1 Principal Shortfall, if any) and the denominator of which is the sum of (a) the Class A Principal Balance, (b) the Class M-1 Principal Balance (minus the Unpaid Class M-1 Principal Shortfall, if any), (c) if the Class M-2 Distribution Test is satisfied, the Class M-2 Principal Balance (minus the Unpaid Class M-2 Principal Shortfall, if any), otherwise zero, and (d) if the Class B Distribution Test is satisfied, the sum of the Class B Principal Balance and the Overcollateralization Amount, otherwise zero.
Class M-1 Percentage means, with respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the Class M-1 Principal Balance immediately prior to such Distribution Date and the denominator of which is the Aggregate Subordinate Certificate Principal Balance immediately prior to such Distribution Date.
Class M-1 Percentage means: --------------------
(i) as to any Remittance Date prior to the later of the Class A-8 Cross- over Date and the Class A-9 Cross-over Date and on which the Class M-1 Distribution Test is not satisfied, 0%,
(ii) as to any Remittance Date on which the Class M-1 Distribution Test is satisfied but the Class M-2 Distribution Test is not satisfied, 100% minus the Class A Percentage,
(iii) as to any Remittance Date on which both the Class M-1 Distribution Test and the Class M-2 Distribution Test are satisfied but the Class B Distribution Test is not satisfied, a fraction, expressed as a percentage, the numerator of which is the Class M-1 Principal Balance (minus the Unpaid Class M-1 Principal Shortfall, if any) as of such Remittance Date, and the denominator of which is the sum of the Class A Principal Balance, the Class M-1 Principal Balance (minus the Unpaid Class M-1 Principal Shortfall, if any) and the Class M-2 Principal Balance (minus the Unpaid Class M-2 Principal Shortfall, if any) as of the immediately preceding Remittance Date,
(iv) as to any Remittance Date on which the Class M-1 Distribution Test, the Class M-2 Distribution Test and the Class B Distribution Test are satisfied, a fraction, expressed as a percentage, the numerator of which is the Class M-1 Principal Balance (minus the Unpaid Class M-1 Principal Shortfall, if any) as of such Remittance Date, and the denominator of which is the Pool Scheduled Principal Balance as of the immediately preceding Remittance Date, and
(v) as to any Remittance Date after the later of the Class A-8 Cross- over Date and the Class A-9 Cross-over Date and on which the Class M-2 Distribution Test and the Class B Distribution Test are not satisfied, 100%.