Group 2 Senior Percentage. For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group 2-A Certificates divided by the aggregate Principal Balance of the Group 2 Loans, in each case immediately before such Distribution Date.
Group 2 Senior Percentage. With respect to any Distribution Date, the percentage equivalent of a fraction the numerator of which is the aggregate Class Principal Balance of the Group 2 Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate of the Stated Principal Balances of the Mortgage Loans in Loan Group 2 as of the first day of the related Collection Period (excluding any Group 2 Mortgage Loans that were subject to a Payoff, the principal of which was distributed on the Distribution Date preceding the current Distribution Date); provided, however, in no event will the Group 2 Senior Percentage exceed 100%.
Group 2 Senior Percentage means, with respect to any Payment Date and the Group 2 Notes, the percentage equivalent of a fraction, the numerator of which is the Class Notional Amount of the Class 2A-H Reference Tranche immediately prior to such Payment Date and the denominator of which is the aggregate unpaid principal balance of the Reference Obligations in Loan Group 2 at the end of the previous Reporting Period.
Examples of Group 2 Senior Percentage in a sentence
On any Distribution Date, 100% minus the Group 2 Senior Percentage.
The Group 1 Senior Percentage, Group 2 Senior Percentage, Group 3 Senior Percentage, Group 4 Senior Percentage, Group 5 Senior Percentage, Group 6 Senior Percentage, Group 7 Senior Percentage or Group 8 Senior Percentage, as applicable.
Senior Percentage: The Group 1 Senior Percentage, Group 2 Senior Percentage or Group 3 Senior Percentage, as applicable.
Group 2 Senior Percentage: For any Distribution Date, immediately prior to such date, (i) the aggregate principal balance of the Group 2-A Certificates (other than the Class 2-A-PO Component) divided by (ii) the aggregate principal balance of the Non-Ratio Strip Percentage of the Group 2 Mortgage Loans.
Group 2 Subordinated Percentage: For any Distribution Date the percentage equal to 100% minus the Group 2 Senior Percentage for such date.
More Definitions of Group 2 Senior Percentage
Group 2 Senior Percentage. With respect to any Distribution Date, the lesser of (x) 100% and (y) a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Class 2-A Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Group 2 Loans (or related REO Properties) immediately prior to such Distribution Date; provided, however, that on any Distribution Date on which the aggregate Certificate Principal Balance of the Class 1-A, Class 3-A, Class 4-A and Class 5-A Certificates has been reduced to zero, the Group 2 Senior Percentage will equal the lesser of (x) the Certificate Principal Balance of the Class 2-A Certificates immediately prior to that Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans in all five Loan Groups immediately prior to that Distribution Date and (y) 100%.
Group 2 Senior Percentage. With respect to any Distribution Date and a Loan Group included in Collateral Pool 2, the lesser of (a) 100% and (b) a fraction, expressed as a percentage, the numerator of which is the excess, if any, of the aggregate Certificate Principal Balance of the related Class A Certificates for such Distribution Date and, on the first Distribution Date, the related Class R Certificates, if applicable, over the aggregate amount, if any, payable to the Holders of the related Group 2 Class A Certificates on such date pursuant to clause (d) of the definition of “Senior Principal Distribution Amount,” and the denominator of which is the sum of (i) the aggregate Scheduled Principal Balance of the related Group 2 Mortgage Loans, plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in the related Loan Group as of the first day of the related Due Period. Notwithstanding the foregoing, on any Cross-Collateralization Date on which (x) the sum of (i) the aggregate Scheduled Principal Balance of the related Group 2 Mortgage Loans, plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in the related Loan Group as of the first day of the related Due Period exceeds (y) the excess, if any, of the Certificate Principal Balance of the related Group 2 Class A Certificates for such Distribution Date over the aggregate amount, if any, payable to the Holders of the related Group 2 Class A Certificates on such date pursuant to clause (d) of the definition of “Senior Principal Distribution Amount,” the Group 2 Senior Percentage will equal the lesser of (a) 100% and (b) fraction, expressed as a percentage, the numerator of which is the sum of (i) the excess, if any, of the Certificate Principal Balance of the related Group 2 Class A Certificates for such Distribution Date over the aggregate amount, if any, payable to the Holders of the related Group 2 Class A Certificates on such date pursuant to clause (d) of the definition of “Senior Principal Distribution Amount,” plus (ii) that portion of the Overcollateralized Amount with respect to Collateral Pool 2 that is subtracted from the related Group 2 Available Distribution Amount on such Distribution Date, and the denominator of which is the sum of (i) the aggregate Scheduled Principal Balance of the related Group 2 Mortgage Loans as of the first day of the related Due Period, plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in the related Loan Group as of the first day of th...
Group 2 Senior Percentage means, with respect to each Payment Date and Group 2, the percentage equivalent of a fraction, the numerator of which is the Class Notional Amount of the Group 2 Senior Reference Tranche immediately prior to such Payment Date and the denominator of which is the aggregate unpaid principal balance of the Reference Obligations in Loan Group 2 at the end of the previous Reporting Period.
Group 2 Senior Percentage. For any Distribution Date, the sum of the Class 2A Principal Balance and the aggregate Component Principal Balance of the Class CA-1B Group 2, Class CA-1C Group 2, Class CX-1 Subgroup 2-A PO and Class CX-2-PPP Subgroup 2-B PO Components divided by the aggregate Principal Balance of the Group 2 Loans, in each case immediately before such Distribution Date.
Group 2 Senior Percentage. Initially, _____%. On any Distribution Date, the lesser of (i) 100% and (ii) the percentage (carried to six places rounded up) obtained by dividing the aggregate Current Principal Amount of the Group 2 Senior Certificates (other than the Interest Only Certificates) immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Group 2 Mortgage Loans as of the beginning of the related Due Period.
Group 2 Senior Percentage. As of any Distribution Date, the lesser of (x) 100% and (y) a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group 2 Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Group 2 Loans (or related REO Properties) immediately prior to such Distribution Date; provided, however, that on any distribution date on which the aggregate Certificate Principal Balance of Auction Certificates has been reduced to zero, the Group 2 Senior Percentage will equal the lesser of (x) the aggregate Certificate Principal Balance of the Group 2 Certificates immediately prior to that Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans in both Loan Groups immediately prior to that Distribution Date and (y) 100%.
Group 2 Senior Percentage. As of any Distribution Date, the lesser of (x) 100% and (y) a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group 2 Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Group 2 Loans (or related REO Properties) (other than the related Discount Fraction of the Discount Mortgage Loans) immediately prior to such Distribution Date.