Group 2 Subordinate Percentage. On any Distribution Date, 100% minus the Group 2 Senior Percentage.
Group 2 Subordinate Percentage. For any Distribution Date, the excess of 100% over the Group 2 Senior Percentage for such date. Group 2 Subordinate Prepayment Percentage: For any Distribution Date, the excess of 100% over the Group 2 Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Group 2-A Certificates has been reduced to zero, then the Group 2 Subordinate Prepayment Percentage shall equal 100%.
Group 2 Subordinate Percentage means, with respect to any Payment Date and the Group 2 Notes, the percentage equal to 100% minus the Group 2 Senior Percentage for such Payment Date. On the Closing Date, the Group 2 Subordinate Percentage will be 4.25%.
More Definitions of Group 2 Subordinate Percentage
Group 2 Subordinate Percentage. With respect to any Loan Group within Collateral Pool 2 and any Distribution Date, 100% minus the Group 2 Senior Percentage.
Group 2 Subordinate Percentage means, with respect to each Payment Date and the Group 2 Notes, 100% minus the Group 2 Senior Percentage for such Payment Date.
Group 2 Subordinate Percentage. For any Distribution Date, the excess of 100% over the Group 2 Senior Percentage for such date. Group 2 Subordinate Prepayment Percentage: For any Distribution Date, the excess of 100% over the Group 2 Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Group 2-A Certificates has been reduced to zero, then the Group 2 Subordinate Prepayment Percentage shall equal 100%. Index: Initially, either One-Year CMT or One-Year LIBOR, as set forth on the Mortgage Loan Schedule. In the event such initial Index is no longer available, the Servicer will select a substitute Index in accordance with the terms of the related Mortgage Note and in compliance with applicable law. Indirect DTC Participants: Entities such as banks, brokers, dealers or trust companies, that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly.
Group 2 Subordinate Percentage. For any Distribution Date, the excess of 100% over the Group 2 Senior Percentage for such date. Index: Initially, either One-Year CMT or One-Year LIBOR, as set forth on the Mortgage Loan Schedule. In the event such initial Index is no longer available, the Servicer will select a substitute Index in accordance with the terms of the related Mortgage Note and in compliance with applicable law. Indirect DTC Participants: Entities such as banks, brokers, dealers or trust companies, that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly.
Group 2 Subordinate Percentage. With respect to any Subgroup within Collateral Pool 2 and any Distribution Date, 100% minus the Group 2 Senior Percentage.
Group 2 Subordinate Percentage. As to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate of the Class Principal Balances of the Classes of Group 2 Subordinate Certificates and the denominator of which is the Pool Balance of the Group 2 Mortgage Loans for such Distribution Date.
Group 2 Subordinate Percentage. For any Distribution Date, the excess of 100% over the Group 2 Senior Percentage. Index: With respect to any Mortgage Loan and each related Adjustment Date, the index as specified in the related Mortgage Note. Indirect Participants: Entities, such as banks, brokers, dealers and trust companies, that clear through or maintain a custodial relationship with a Participant, either directly or indirectly.