Group 6 Senior definition

Group 6 Senior. Certificates: Class 6-A-1 and Class 6-A-2 Certificates.
Sample 1Sample 2Sample 3
Group 6 Senior. PERCENTAGE: Initially, 96.90%. On any Distribution Date, the lesser of (i) 100% and (ii) the percentage (carried to six places rounded up) obtained by dividing the Current Principal Amount of the Group 6 Senior Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Group 6 Mortgage Loans as of the beginning of the related Due Period.
Sample 1
Group 6 Senior. PERCENTAGE: Initially, 96.25
Sample 1

Examples of Group 6 Senior in a sentence

  • 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 6 Senior Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Group 6 Mortgage Loans as of the beginning of the related Due Period.

  • If the proceeds with respect to the Group 6 Mortgage Loans are not sufficient to pay all of the Group 6 Senior Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, then to the Senior Mezzanine Certificates, and then to the Group 6 Senior Certificates on a pro rata basis.

  • The Group 1 Senior Certificates, the Group 2 Senior Certificates, the Group 3 Senior Certificates, the Group 4 Senior Certificates, the Group 5 Senior Certificates and the Group 6 Senior Certificates, as applicable.

  • The Group 1 Senior Certificates, the Group 2 Senior Certificates, the Group 3 Senior Certificates, the Group 4 Senior Certificates, the Group 5 Senior Certificates, the Group 6 Senior Certificates, or the Group 7 Senior Certificates, as applicable.

  • As to any Distribution Date, the aggregate, for each Mortgage Loan in Loan Group 6 which became a Liquidated Mortgage Loan during the prior calendar month, of the lesser of (i) the Group 6 Senior Percentage of the Stated Principal Balance of such Mortgage Loan and (ii) the applicable Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan.

  • Following the Cross-Over Date, the interest portion of Realized Losses on the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Mortgage Loans will be allocated to the related Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Senior Certificates, respectively, on a pro rata basis.

  • If the proceeds with respect to the Group 6 Mortgage Loans are not sufficient to pay all of the Group 6 Certificates in -109- full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, and then to the Group 6 Senior Certificates on a pro rata basis.

  • The Group 2 Senior Certificates, Group 3 Senior Certificates, Group 4 Senior Certificates, Group 5 Senior Certificates or Group 6 Senior Certificates, as applicable.

  • Group 6 Senior Certificates and the portions of the Subordinated Certificates related to Loan Group 6.

  • Group 1 Senior Certificates, Group 2 Senior Certificates, Group 3 Senior Certificates, Group 4 Senior Certificates, Group 5 Senior Certificates and Group 6 Senior Certificates, as applicable.


More Definitions of Group 6 Senior

Group 6 Senior. CERTIFICATES: The Class VI-A Certificates.
Sample 1

Related to Group 6 Senior

  • Group 4 All of the Group 4 Certificates.

  • Group 3 All of the Group 3 Certificates.

  • Group 3 Senior Certificates As specified in the Preliminary Statement.

  • Group 1 Senior Certificates As specified in the Preliminary Statement.

  • Group II Senior Percentage For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group II-A and Residual Certificates divided by the aggregate Class Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof, with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date.

  • Group I Senior Percentage As of each Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) in Loan Group I immediately prior to such Distribution Date.

  • Group 2 Senior Certificates As specified in the Preliminary Statement.

  • Group 2 All of the Group 2 Certificates.

  • Group 1 All of the Group 1 Certificates.

  • Group A means educational programs for career exploration, a

  • Group II Senior Certificates As specified in the Preliminary Statement.

  • Group B means educational improvements for pupils in

  • Group I Senior Certificates As specified in the Preliminary Statement.

  • Group I The pool of Mortgage Loans identified in the related Schedules of Mortgage Loans as having been assigned to Group I, including any Qualified Replacement Mortgages delivered in replacement thereof and each Subsequent Mortgage Loan delivered to the Trust for inclusion therein.

  • Super Senior Certificates As specified in the Preliminary Statement.

  • Group II The pool of Mortgage Loans identified in the related Schedules of Mortgage Loans as having been assigned to Group II, including any Qualified Replacement Mortgages delivered in replacement thereof and each Subsequent Mortgage Loan delivered to the Trust for inclusion therein.

  • Group 2 Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group 2 Senior Percentage of the Principal Payment Amount for Loan Group 2, (b) the Group 2 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 2 and (c) the Group 2 Senior Liquidation Amount.

  • Group 1 Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group 1 Senior Percentage of the Principal Payment Amount for Loan Group 1, (b) the Group 1 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 1 and (c) the Group 1 Senior Liquidation Amount.

  • Additional Senior Class Debt has the meaning assigned to such term in Section 5.13.

  • Group III All applicants for employment who have had two (2) or more years' experience in the trade, are residents of the geographical area constituting the normal construction labor market area, and who have been employed in the normal construction labor market area for at least six (6) months in the last two and one-half (2½) years in the geographical area covered by the collective bargaining agreement.

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Group Subordinate Amount For a Mortgage Pool and any Distribution Date; the excess of (a) the Pool Principal Balance of such Mortgage Pool for the immediately preceding Distribution Date, over (b) the aggregate Class Certificate Balance of the Senior Certificates of the related Certificate Group immediately prior to that Distribution Date. Index: Not applicable.

  • Group size means the number of children in a group.

  • Group III Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III, and (iii) the Group III Senior Liquidation Amount.

  • Group the Company and its subsidiaries

  • Additional Senior Class Debt Parties has the meaning assigned to such term in Section 5.13.