Enhancement Percentage definition

Enhancement Percentage. With respect to each Class of LIBOR Certificates and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the sum of (i) the aggregate Class Principal Balance of each Class of Subordinate Certificates having a lower priority of distribution than such Class, (ii) the Overcollateralization Amount (which amount, for purposes of this definition only, shall not be less than zero unless the Class Principal Balance of each Class of Subordinate Certificates has been reduced to zero) and shall be calculated on the basis of the assumption that the Principal Distribution Amount has been distributed on such Distribution Date and no Trigger Event has occurred), and (iii) amounts on deposit in the Reserve Fund after giving effect to withdrawals therefrom on such date, in each case after giving effect to distributions on such Distribution Date, and the denominator of which is the Pool Balance for such date.

Enhancement Percentage. As to any Distribution Date, the percentage obtained by dividing (x) the Interim Overcollateralization Amount by (y) the Pool Balance as of the last day of the related Collection Period.

Enhancement Percentage means, with respect to any Series of Notes or class of Notes, the percentage, if any, specified in the applicable Supplement.

Examples of Enhancement Percentage in a sentence

• Any of the Group I Current Specified Enhancement Percentage or the Group II Current Specified Enhancement Percentage.

• A Trigger Event is in effect on any Distribution Date if (i) on that Distribution Date the 60 Day+ Rolling Average equals or exceeds 40% of the prior period's Senior Enhancement Percentage and (ii) may include other trigger events related to the performance of the Mortgage Loans.

• Senior Enhancement Percentage ----------------------------- With respect to any Distribution Date, the percentage obtained by dividing (a) the sum of (i) the aggregate Class Certificate Balance of the Subordinate Certificates and (ii) the Overcollateralization Amount, in each case before taking into account the distribution of the Principal Distribution Amounts on that Distribution Date by (b) the Pool Principal Balance as of the last day of the related Due Period.

• Senior Enhancement Percentage ----------------------------- With respect to any Distribution Date, the percentage obtained by dividing (a) the sum of (i) the aggregate Class Certificate Balance of the Subordinate Certificates and (ii) the Overcollateralization Amount, in each case before taking into account the distribution of the Principal Distribution Amount on that Distribution Date by (b) the Pool Principal Balance as of the last day of the related Due Period.

• At the time each Premium payment is received, the Company will credit an amount equal to the 6% Contract Enhancement Percentage, multiplied by the Premium.

More Definitions of Enhancement Percentage

Enhancement Percentage means, in relation to the Series 2020-1 Ownership Interest for a Determination Day, 6.0%; provided, however, that such percentage may be reduced pursuant to and in accordance with Section 4.2;

Enhancement Percentage. With respect to the Group 1 Certificates and each Class of LIBOR Certificates and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the sum of (i) the aggregate Class Principal Balance of each Class of Subordinate Certificates having a lower priority of distribution than such Class after giving effect to application of the Principal Distribution Amount for each Mortgage Pool for such Distribution Date, (ii) the Overcollateralization Amount (which amount, for purposes of this definition only, shall not be less than zero unless the Class Principal Balance of each Class of Subordinate Certificates has been reduced to zero) and shall be calculated on the basis of the assumption that the Principal Distribution Amounts with respect to both Mortgage Pools have been distributed on such Distribution Date and no Trigger Event has occurred), and (iii) amounts on deposit in the Reserve Fund after giving effect to withdrawals therefrom on such date, and the denominator of which is the Aggregate Pool Balance for such Distribution Date.

Enhancement Percentage. As to any Payment Date, the percentage obtained by dividing (x) the Interim Overcollateralization Amount by (y) the Pool Balance as of the last day of the related Collection Period.

Enhancement Percentage means, in relation to the Series 2024-1 Ownership Interest for a Determination Day, 7.0%; provided, however, that such percentage may be reduced pursuant to and in accordance with Section 4.2;

Enhancement Percentage means, 0.0% for each Business Day from the Closing Date to and excluding the Determination Date which occurs during the July 1999 Monthly Period, and thereafter for each Business Day during the period commencing on a Determination Date to but excluding the next following Determination Date (an "Enhancement Percentage Determination Period"), the greater of (i) the sum of the Excess Spread Enhancement Cap Percentage for the Monthly Period immediately preceding such Enhancement Percentage Determination Period and the Payment Rate Enhancement Cap Percentage for such Monthly Period and (ii) the Enhancement Percentage for the preceding Enhancement Percentage Determination Period minus 1.0%; provided that so long as no Reserve Account Increase Notice shall have been delivered, the Enhancement Percentage shall not exceed 4.0%, and provided further that if a Reserve Account Increase Notice shall have been delivered, the Enhancement Percentage shall at all times thereafter equal 100%.

Enhancement Percentage means, as of any Distribution Date, (a) if the Average Excess Spread Percentage as of such Distribution Date is greater than or equal to 5.0%,

Enhancement Percentage means, with respect to any Series of Notes or class of Notes, the percentage, if any, specified in the applicable Series Supplement.