Group I Senior Prepayment Percentage definition

Group I Senior Prepayment Percentage. With respect to any Distribution Date and any Group I Class A Certificates within the range indicated below, the percentage as indicated below: September 2005 through August 2012 100% September 2012 through August 2013 Group I Senior Percentage, plus 70% of the Group I Subordinate Percentage September 2013 through August 2014 Group I Senior Percentage, plus 60% of the Group I Subordinate Percentage September 2014 through August 2015 Group I Senior Percentage, plus 40% of the Group I Subordinate Percentage September 2015 through August 2016 Group I Senior Percentage, plus 20% of the Group I Subordinate Percentage September 2017 and thereafter Group I Senior Percentage; provided, however, no reduction to the Group I Senior Prepayment Percentage described above shall be made as of any Distribution Date unless (i) the outstanding principal balance of the Group I Mortgage Loans delinquent 60 days or more (including REO Properties and Mortgage Loans in foreclosure) averaged over the last six months does not exceed 50% of the sum of the then current Certificate Principal Balances of the Group I Subordinate Certificates and (ii) Realized Losses on the Group I Mortgage Loans to date are less than the then applicable Trigger Amount. On any Distribution Date on which Realized Losses on the Group I Mortgage Loans to date are greater than the then applicable Trigger Amount, the Group I Senior Prepayment Percentage for each Group I loan group will be the greater of (x) the related Group I Senior Prepayment Percentage for such Distribution Date or (y) the related Group I Senior Prepayment Percentage for the immediately preceding Distribution Date. Notwithstanding the above, if on any Distribution Date (a) the Aggregate Subordinate Percentage, prior to giving effect to any distributions on such Distribution Date, equals or exceeds two times the initial Aggregate Subordinate Percentage for Collateral Pool I, (b) the provisions of clause (i) of the second preceding paragraph are met and (c) (i) on or prior to the Distribution Date occurring in August 2008, cumulative Realized Losses on the Group I Mortgage Loans as of the end of the related Prepayment Period do not exceed 20% of the initial aggregate Certificate Principal Balance of the Group I Subordinate Certificates and (ii) after the Distribution Date occurring in August 2008, cumulative Realized Losses on the Group I Mortgage Loans as of the end of the Prepayment Period do not exceed 30% of the initial aggregate Certif...
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Group I Senior Prepayment Percentage. On any Distribution Date occurring before the Distribution Date in the month of the fifth anniversary of the first Distribution Date, 100%; (ii) on any other Distribution Date on which the Group I Senior Percentage for such Distribution Date exceeds the Group I Senior Percentage as of the Closing Date, 100%; and (iii) on any other Distribution Date in each of the months of the fifth anniversary of the first Distribution Date and thereafter, 100%, unless:
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Group I Senior Prepayment Percentage. The Group I-1 Senior Prepayment Percentage, Group I-2 Senior Prepayment Percentage, Group I-3 Senior Prepayment Percentage or Group I-4 Senior Prepayment Percentage, as applicable.
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Examples of Group I Senior Prepayment Percentage in a sentence

  • If on any Distribution Date the allocation to the Class IA Certificates of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Class IA Certificates and the Subordinate Certificates below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

  • If on any Distribution Date the allocation to the Group I Certificates (other than the Class IA-P Certificates) of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group I Certificates (other than the Class IA-P Certificates) Subordinate Certificates below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

  • If on any Distribution Date the allocation to the Group I Certificates of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group I Certificates below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

  • A signature page will be circulated to board members to have a resolution and fact sheet generated to include the draft goals on the July Board agenda for approval.

  • Group I Senior Prepayment Percentage for such Distribution Date: ..................................

  • If on any Distribution Date the allocation to the Class IA Certificates and the Class R Certificate of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Class IA Certificates, the Class R Certificate and the Subordinate Certificates below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

  • Group I Senior Prepayment Percentage for such Distribution Date:....................................

  • If on any Distribution Date the allocation to the Group I Certificates (other than Component IA-12-6 of the Class IA-12 Certificates) of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group I Certificates (other than Component IA-12-6 of the Class IA-12 Certificates) Subordinate Certificates below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

  • Group I Senior Prepayment Percentage for such Distribution Date:...........................

  • If on any Distribution Date the allocation to the Class I-A-1-L Regular Interest of Principal Prepayments in the percentage required would reduce the Class Principal Balance of such Regular Interest below zero, the Group I Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce the Class Principal Balance of such Regular Interest to zero.


More Definitions of Group I Senior Prepayment Percentage

Group I Senior Prepayment Percentage. (i) On any Distribution Date occurring before the Distribution Date in the month of November, 2006, 100%; (ii) on any other Distribution Date on which (x) the Group I Senior Percentage for such Distribution Date exceeds the initial Group I Senior Percentage or (y) the Group II Senior Percentage for such Distribution Date exceeds the initial Group II Senior Percentage, 100%; and (iii) on any other Distribution Date in the month of November, 2006 and thereafter, 100%, unless:
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Group I Senior Prepayment Percentage. For any Distribution Date, 100%, unless (i) the Group I Senior Percentage for such Distribution Date is less than or equal to the Group I Senior Percentage as of the Closing Date, (ii) such Distribution Date occurs on or after the fifth anniversary of the first Distribution Date and (iii) the following tests specified in clauses (a) and (b) are met:
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Group I Senior Prepayment Percentage. With respect to each Subgroup of Group I and any Distribution Date, the percentage (not exceeding 100%) set forth in the following table: Distribution Date Occurring Group I Senior Prepayment Percentage --------------------------------- ------------------------------------------ July 2007 through June 2014 100% July 2014 through June 2015 Group I Senior Percentage of such Subgroup plus 70% of the Group I Subordinate Percentage; July 2015 through June 2016 Group I Senior Percentage of such Subgroup plus 60% of the Group I Subordinate Percentage; July 2016 through June 2017 Group I Senior Percentage of such Subgroup plus 40% of the Group I Subordinate Percentage; July 2017 through June 2018 Group I Senior Percentage of such Subgroup plus 20% of the Group I Subordinate Percentage; and After June 2018 Group I Senior Percentage of such Subgroup provided, however, that on any of the foregoing Distribution Dates if the Group I Senior Percentage for any Subgroup in Group I exceeds the initial Group I Senior Percentage for such Subgroup, the Group I Senior Prepayment Percentage for each Subgroup of Group I will once again equal 100%. The reductions in the Group I Senior Prepayment Percentages for each Subgroup described above will not occur, unless, as of the last day of the month preceding the Distribution Date, both:
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Group I Senior Prepayment Percentage. As to any Distribution Date, the Senior Prepayment Percentage minus the Group II Senior Prepayment Percentage for such Distribution Date.
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Group I Senior Prepayment Percentage. On any Distribution Date occurring during the periods set forth below, as follows: Period (dates inclusive) Group I Senior Prepayment Percentage -------------------------------------------------------------------------------- February 25, 2004 - January 25, 2009 100% February 25, 2009 - January 25, 2010 Group I Senior Percentage plus 70% of the Group I Subordinate Percentage February 25, 2010 - January 25, 2011 Group I Senior Percentage plus 60% of the Group I Subordinate Percentage February 25, 2011 - January 25, 2012 Group I Senior Percentage plus 40% of the Group I Subordinate Percentage February 25, 2012 - January 25, 2013 Group I Senior Percentage plus 20% of the Group I Subordinate Percentage February 25, 2013 and thereafter Group I Senior Percentage In addition, no reduction of the Group I Senior Prepayment Percentage shall occur on any Distribution Date unless, as of the last day of the month preceding such Distribution Date, (A) the
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Group I Senior Prepayment Percentage. The Senior Prepayment Percentage for the Group I on any Distribution Date occurring during the periods set forth below will be as follows:
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Related to Group I Senior Prepayment Percentage

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-4 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-1 Prepayment Percentage As to any Distribution Date, the percentage calculated by multiplying the Subordinated Prepayment Percentage by either (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), one.

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Class B-3 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-3 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-3 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-3 Prepayment Percentage for such Distribution Date will be zero.

  • Class B Prepayment Percentage Any of the Class B-1 Prepayment Percentage, Class B-2 Prepayment Percentage, Class B-3 Prepayment Percentage, Class B-4 Prepayment Percentage, Class B-5 Prepayment Percentage or Class B-6 Prepayment Percentage.

  • Subordinated Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

  • Subordinate Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for 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.

  • Prepayment Shift Percentage Not applicable.

  • 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.

  • Applicable Prepayment Percentage means, at any time, for purposes of Section 4.02(e) and the definition of “Retained Excess Cash Flow Amount,” 50%; provided that, so long as no Default or Event of Default is then in existence, if the Total Leverage Ratio is less than 3.50:1.00 as at the last day of the most recently ended Fiscal Year of the U.S. Borrower (as set forth in an officer’s certificate delivered pursuant to Section 8.01(d) for the Fiscal Year of the U.S. Borrower then last ended), the Applicable Prepayment Percentage shall instead be 0%.

  • Senior Percentage As of any 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 Senior Certificates (other than the Class A-P 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) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

  • 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%.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

  • Prepayment Distribution Percentage With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below:

  • Term Loan Percentage means, with respect to any Term Loan Lender at any time, the percentage of the total outstanding principal balance of the Term Loans represented by the outstanding principal balance of such Term Loan Lender’s Term Loans.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Final Payment Percentage is five percent (5.00%).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.