Group 7 Senior definition

Group 7 Senior. Certificates: The Class VII-A-1 Certificates and Class VII-A-X Certificates.
Group 7 Senior. Percentage: Initially, 93.00%. 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 7 Senior Certificates (other than the Class VII-A-X Certificates) immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Group 7 Mortgage Loans as of the beginning of the related Due Period.
Group 7 Senior. PERCENTAGE: Initially, 96.50

Examples of Group 7 Senior in a sentence

  • If the proceeds with respect to the Group 7 Mortgage Loans are not sufficient to pay all of the Group 7 Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, and then to the Group 7 Senior Certificates on a pro rata basis.

  • If the proceeds with respect to the Group 7 Mortgage Loans are not sufficient to pay all of the Group 7 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 7 Senior Certificates on a pro rata basis.

  • 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 7 Senior Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Group 7 Mortgage Loans as of the beginning of the related Due Period.

  • 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.

  • Co., No. 07–1226, 2008 WL 2178059, at *2 (E.D. La. May 19, 2008) (citing Weiss v.

  • 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.

  • 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, Group 8 Senior Percentage, Group 9 Senior Percentage or Group 10 Senior Percentage, 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.


More Definitions of Group 7 Senior

Group 7 Senior. CERTIFICATES: The Class VII-A Certificates. GROUP 1 SENIOR OPTIMAL PRINCIPAL AMOUNT, GROUP 2 SENIOR OPTIMAL PRINCIPAL AMOUNT, GROUP 3 SENIOR OPTIMAL PRINCIPAL AMOUNT, GROUP 4 SENIOR OPTIMAL PRINCIPAL AMOUNT, GROUP 5 SENIOR OPTIMAL PRINCIPAL AMOUNT, GROUP 6 SENIOR OPTIMAL PRINCIPAL AMOUNT OR GROUP 7 SENIOR OPTIMAL PRINCIPAL AMOUNT: With respect to each Distribution Date, an amount equal to the sum, without duplication, of the following (but in no event greater than the aggregate Current Principal Amounts of the Group 1, Group 2, Group 3, Group 4, Group 5, Group 6 or Group 7 Senior Certificates, as applicable, immediately prior to such Distribution Date):

Related to Group 7 Senior

  • Group 4 All of the Group 4 Certificates.

  • 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 3 All of the Group 3 Certificates.

  • 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 3 Senior Certificates As specified in the Preliminary Statement.

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

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

  • Group A means educational programs for career exploration, a

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

  • Group 1 All of the Group 1 Certificates.

  • 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.

  • Group 2 All of the Group 2 Certificates.

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

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

  • 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 B means educational improvements for pupils in

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

  • Super Senior Certificates As specified in the Preliminary Statement.

  • 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.

  • 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 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.

  • After all Senior Debt is paid in full and until the Notes are paid in full, Holders of Notes will be subrogated (equally and ratably with all other Indebtedness pari passu with the Notes) to the rights of holders of Senior Debt to receive distributions applicable to Senior Debt to the extent that distributions otherwise payable to the Holders of Notes have been applied to the payment of Senior Debt. A distribution made under this Article 10 to holders of Senior Debt that otherwise would have been made to Holders of Notes is not, as between the Company and Holders, a payment by the Company on the Notes.

  • Aggregate Senior Percentage As to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate of the Class Principal Amounts of the Class 1-A1, Class 1-A2, Class 1-AR, Class 2-A1, Class 2-A2, Class 3-A1, Class 3-A2, Class 4-A1, Class 4-A2, Class 5-A1 and Class 5-A2 Certificates and the denominator of which is the Aggregate Stated Principal Balance for such date, but in no event greater than 100%.

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

  • 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 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.