Class M-1 Percentage definition

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 0.00 N/A ------------- ------------- (35) Class M-1 Principal Balance 45,000,000.00 1000.00000000 ------------- ------------- (35a) Class M-1 Pool Factor 1.00000000 ------------- (36) Class M-1 Percentage for such Remittance Date 0.00% ------------- (37) 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.

• 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.

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. With respect to any Distribution Date, a fraction, expressed as a percentage, the numerator of whi ch is the aggregate Certificate Principal 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) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

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. With respect to any Distribution Date, a fraction, expressed as a percentage, the numerator of