Group 2 Percentage definition

Group 2 Percentage. With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the Group 2 Principal Remittance Amount for such Distribution Date and the denominator of which is the Principal Remittance Amount for such Distribution Date.

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Group 2 Percentage. With respect to Group 2 and any Payment Date, the fraction, expressed as a percentage, the numerator of which is the Group Balance for Group 2 for such date and the denominator of which is the Aggregate Collateral Balance for such date.

Group 2 Percentage. For any Distribution Date will equal the lesser of (a) 100% and (b) the aggregate Class Principal Balance of the Class 2-A-12 and Class 2-A-14 Certificates divided by the aggregate Stated Principal Balance of the Group 2 Mortgage Loans (less the applicable Class P Fraction of each Class P Mortgage Loan in Loan Group 2), in each case immediately prior to any allocations of losses or distributions on that Distribution Date.

Examples of Group 2 Percentage in a sentence

On any Payment Date, the Group 2 Percentage of such Net Swap Receipt that are not applied to the payment of Current Interest, Available Funds Shortfalls and Deferred Interest in the manner described in the preceding sentence shall be distributed by the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) to the holder of the Ownership Certificate.
On any Payment Date for which there are funds on deposit in the Basis Risk Reserve Account, the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) shall deposit such amounts in the Collection Account, and from the Collection Account, shall apply the Group 2 Percentage of such Net Swap Receipt as Interest Funds for Group 2 and shall make payments specified in the order and priority described in Section 6.02 above.
On any Payment Date, the Group 2 Percentage of such Net Swap Receipt that are not applied to the payment of Available Funds Shortfalls in the manner described in the preceding sentence shall be distributed from the Basis Risk Reserve Account by the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) to the holder of the Ownership Certificate.
On any Payment Date, the Group 2 Percentage of such Net Swap Receipt that are not applied to the payment of Current Interest and Available Funds Shortfalls in the manner described in the preceding sentence shall be distributed by the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) to the holder of the Ownership Certificate.
On any Payment Date, the Group 2 Percentage of such Net Swap Receipt that are not applied to the payment of Current Interest, Basis Risk Shortfalls and Deferred Interest in the manner described in the preceding sentence shall be paid by the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) to the holder of the Ownership Certificate.
On any Payment Date, the Group 2 Percentage of such Net Swap Receipt that are not applied to the payment of Current Interest, Basis Risk Shortfalls and Deferred Interest in the manner described in the preceding sentence shall be distributed by the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) to the holder of the Ownership Certificate.

More Definitions of Group 2 Percentage

Group 2 Percentage. For any Distribution Date, the percentage obtained by dividing (x) the Certificate Principal Balance of the Class 2-A Certificates for such Distribution Date after giving effect to the Group 2 Basic Principal Distribution Amount for such Distribution Date by (y) the aggregate Certificate Principal Balance of the Class 1-A Certificates and Class 2-A Certficates for such Distribution Date after giving effect to the Basic Principal Distribution Amount for such Distribution Date.

Group 2 Percentage. For any Distribution Date will equal the lesser of (a) 100% and (b) the Class Principal Balance of the Class 2-A-3 Certificates divided by the sum of (x) the aggregate Stated Principal Balance of the Group 2 Mortgage Loans (less the applicable Class P Fraction of each Class P Mortgage Loan in Loan Group 2) and (x) the amount, if any, on deposit in the Prefunding Account related to Loan Group 2, in each case immediately prior to any allocations of losses or distributions on that Distribution Date. The Group 2 Percentage as of the Closing Date will be approximately 1.62%.

Group 2 Percentage. With respect to any Distribution Date and the Class 2-A4 Certificates, the percentage obtained by dividing (x) the Class Principal Amount of the Class 2-A4 Certificates immediately prior to such date, by (y) the aggregate Class Principal Amount of the Class 2-A4, Class 2-A5 and Class 2-A6 Certificates.

Group 2 Percentage. With respect to the Class 2-A-2-SS, Class 2-A-3-SS, Class 2-A-4-SS, Class 2-A-5-SS and Class 2-A-7-M Certificates and any Distribution Date the fraction, expressed as a percentage, the numerator of which is the Class Principal Balance of that Class of Certificates, and the denominator of which is equal to the aggregate Class Principal Balance of the Class 2-A-2-SS, Class 2-A-3-SS, Class 2-A-4-SS, Class 2-A-5-SS and Class 2-A-7-M Certificates, in each case immediately prior to that Distribution Date.

Group 2 Percentage. With respect to the Group 2 Loans and any Distribution Date, the percentage obtained by dividing (a) the aggregate Stated Principal Balance of the Group 2 Loans as of the beginning of the related Due Period by (b) the aggregate Stated Principal Balance of all the Mortgage Loans as of the beginning of the related Due Period.