Class M-2 Percentage definition
Class M-2 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-2 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-2 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-2 Adjusted Certificate Principal Balance immediately prior to such Distribution Date and the denominator of which is the Pool Scheduled Principal Balance of the Assets immediately prior to such Distribution Date.
Class M-2 Percentage means: --------------------
More Definitions of Class M-2 Percentage
Class M-2 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-2 Adjusted Certificate Principal Balance immediately prior to such Distribution Date and the denominator of which is the aggregate Certificate Principal Balance for all Classes of Certificates (other than the Class A-IO Certificates), as reduced by all Writedown Amounts, immediately prior to such Distribution Date.
Class M-2 Percentage. Means 90.00%.
Class M-2 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-2 Principal Distribution Test have not been satisfied, zero, and (ii)(a) if the Class A Certificate Balance and the Class M-1 Certificate Balance have been reduced to zero or (b) if the Principal Distribution Tests and the Class M-2 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-2 Adjusted Certificate Balance and the denominator of which is the sum of (i) the Class A Certificate Balance; (ii) if the Class M-1 Principal Distribution Test is satisfied on such Distribution Date, the Class M-1 Adjusted Certificate Balance, otherwise zero; (iii) the Class M-2 Adjusted Certificate Balance; (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-2 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-2 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-2 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-2 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-2 Percentage means, with respect to any Distribution Date, the -------------------- percentage equivalent of a fraction, the numerator of which is the Class M-2 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.