Group II Senior Prepayment Percentage. See the definition of "Group I Senior Prepayment Percentage or Group II Senior Prepayment Percentage."
Group II Senior Prepayment Percentage. With respect to any Distribution Date, the percentages (not exceeding 100%) set forth in the following table: Distribution Date Occurring In Group II Senior Prepayment Percentage January 2007 through December 2013 100% January 2014 through December 2014 Group II Senior Percentage plus 70% of the related Group II Subordinate Percentage January 2015 through December 2015 Group II Senior Percentage plus 60% of the related Group II Subordinate Percentage January 2016 through December 2016 Group II Senior Percentage plus 40% of the related Group II Subordinate Percentage January 2017 through December 2017 Group II Senior Percentage plus 20% of the related Group II Subordinate Percentage January 2018 and thereafter Group II Senior Percentage provided, however, (i) if on any Distribution Date the Group II Senior Percentage exceeds the initial Group II Senior Percentage, the Group II Senior Prepayment Percentage for such Distribution Date will equal 100%, (ii) if on any Distribution Date on or before the Distribution Date in December 2009, prior to giving effect to any distributions on such Distribution Date, the Group II Aggregate Subordinate Percentage for such Distribution Date is greater than or equal to twice the initial Group II Aggregate Subordinate Percentage, then the Group II Senior Prepayment Percentage for such Certificate Group for such Distribution Date will equal the Group II Senior Percentage for such Certificate Group plus 50% of the Group II Subordinate Percentage and (iii) if on any Distribution Date after the Distribution Date in December 2009, prior to giving effect to any distributions on such Distribution Date, the Group II Aggregate Subordinate Percentage for such Distribution Date is greater than or equal to twice the initial Group II Aggregate Subordinate Percentage, then the Group II Senior Prepayment Percentage for such Distribution Date will equal the Group II Senior Percentage. Notwithstanding the foregoing, no decrease in the Group II Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.
Group II Senior Prepayment Percentage. (i) On any Distribution Date occurring before the Distribution Date in the month of January, 2007, 100%; (ii) on any other Distribution Date on which the Group II Senior Percentage for such Distribution Date exceeds the initial Group II Senior Percentage, as of the Cut-Off Date, 100%; and (iii) on any other Distribution Date in the month of January, 2007 and thereafter, 100%, unless:
Examples of Group II Senior Prepayment Percentage in a sentence
Group II Senior Prepayment Percentage for such Distribution Date: ...............................
If on any Distribution Date the allocation to the Class IIA Certificates and Class R Certificate of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Class IIA Certificates and Class R Certificate below zero, the Group II 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 II Certificates (other than the Class IIA-P Certificates) of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group II Certificates (other than the Class IIA-P Certificates) below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.
Group II Senior Prepayment Percentage for such Distribution Date: ...........................
It shall be for the Chief Executive (and the Director for Assets, Finance and Resources for their interests) to approve the selection and evaluation criteria to be used for determining the most economically advantageous tender(s).
More Definitions of Group II Senior Prepayment Percentage
Group II Senior Prepayment Percentage. (i) On any Distribution Date occurring before the Distribution Date in the month of the fifth Anniversary, 100%; (ii) on any other Distribution Date on which the Group II Senior Percentage or the Group I Senior Percentage for such Distribution Date exceeds the initial Group II Senior Percentage or the initial Group I Senior Percentage as of the Cut-Off Date, 100%; and (iii) on any other Distribution Date in each of the months of the fifth Anniversary and thereafter, 100%, unless:
Group II Senior Prepayment Percentage. For any Distribution Date, 100%, unless (i) the Group II Senior Percentage for such Distribution Date is less than or equal to the Group II 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:
Group II Senior Prepayment Percentage. On any Distribution Date occurring during the periods set forth below will be as follows: PERIOD (DATES INCLUSIVE) GROUP II SENIOR PREPAYMENT PERCENTAGE ------------------------ ------------------------------------- July 25, 2005 - June 25, 2010 100% July 25, 2010 - June 25, 2011 Group II Senior Percentage plus 70% of the Group II Subordinate Percentage. July 25, 2011 - June 25, 2012 Group II Senior Percentage plus 60% of the Group II Subordinate Percentage. July 25, 2012 - June 25, 2013 Group II Senior Percentage plus 40% of the Group II Subordinate Percentage July 25, 2013 - June 25, 2014 Group II Senior Percentage plus 20% of the Group II Subordinate Percentage. July 25, 2014 and thereafter Group II Senior Percentage. Any scheduled reduction to the Group II Senior Prepayment Percentage shall not be made as of any Distribution Date unless, as of the last day of the month preceding such Distribution Date (1) the aggregate Scheduled Principal Balance of the Group II Mortgage Loans delinquent 60 days or more (including for this purpose any such Group II Mortgage Loans in foreclosure and such Group II Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the trust) averaged over the last six months, as a percentage of the aggregate Current Principal Amount of the Group II Subordinate Certificates does not exceed 50% and (2) cumulative Realized Losses on the Group II Mortgage Loans do not exceed (a) 30% of the aggregate Current Principal Amount of the Group II Original Subordinate Principal Balance if such Distribution Date occurs between and including July 2010 and June 2011, (b) 35% of the Group II Original Subordinate Principal Balance if such Distribution Date occurs between and including July 2011 and June 2012, (c) 40% of the Group II Original Subordinate Principal Balance if such Distribution Date occurs between and including July 2012 and June 2013, (d) 45% of the Group II Original Subordinate Principal Balance if such Distribution Date occurs between and including July 2013 and June 2014, and (e) 50% of the Group II Original Subordinate Principal Balance if such Distribution Date occurs during or after July 2014. Notwithstanding the foregoing, if on any Distribution Date, the percentage the numerator of which is the aggregate Current Principal Amount of the Group II Senior Certificates (other than the Class II-X Certificates) immediately preceding such Distribution Date, and the denominator of which is the Scheduled...
Group II Senior Prepayment Percentage. The Group II-1 Senior Prepayment Percentage, Group II-2 Senior Prepayment Percentage or Group II-3 Senior Prepayment Percentage, as applicable.
Group II Senior Prepayment Percentage. For any Distribution Date occurring prior to the fifth anniversary of the first Distribution Date, 0.00%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date, an amount as follows:
Group II Senior Prepayment Percentage. (i) On any Distribution Date where the Group II Senior Enhancement Percentage for such Distribution Date is less than the initial Group II Senior Enhancement Percentage, then both of the Group I and Group II Senior Prepayment Percentage for such Distribution Date shall equal 100%; (ii) on any Distribution Date before the Distribution Date in June 2005 where, prior to giving effect to any distributions on such Distribution Date, the Group II Senior Enhancement Percentage for such Distribution Date is greater than or equal to twice the initial Group II Senior Enhancement Percentage, then the Group II Senior Prepayment Percentage for such Distribution Date will equal the Group II Senior Percentage plus 50% of the Group II Subordinate Percentage; (iii) on any Distribution Date on or after the Distribution Date in June 2005 where, prior to giving effect to any distributions on such Distribution Date, the Group II Senior Enhancement Percentage for such Distribution Date is greater than or equal to twice the initial Group II Senior Enhancement Percentage, then the Group II Senior Prepayment Percentage for such Distribution Date will equal the Group II Senior Percentage; and (iv) on any other Distribution Date in the month of June 2007 and thereafter, 100%, unless:
Group II Senior Prepayment Percentage. As to any Distribution Date, the Senior Prepayment Percentage minus the Group I Senior Prepayment Percentage, provided, however, that on any Distribution Date after the Group I Senior Certificate Principal Balance has been reduced to zero, the Group II Senior Prepayment Percentage will equal Senior Prepayment Percentage.