Group II Subordinate Percentage definition

Group II Subordinate Percentage. For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date.

Group II Subordinate Percentage. With respect to the Subordinate Certificates and any Distribution Date, a percentage equal to 100% minus the Group II Senior Percentage.

Group II Subordinate Percentage. With respect to each Sub-Loan Group included in Loan Group II on any Distribution Date, 100% minus the Senior Percentage for the related Certificate Group.

Examples of Group II Subordinate Percentage in a sentence

• Excess Losses on the Mortgage Loans in Collateral Pool II will be allocated on any Distribution Date by allocating (i) the related Senior Percentage of the Excess Loss to the Group II Class A Certificates on a pro rata basis and (ii) the Group II Subordinate Percentage of the Excess Loss to the Group II Subordinate Certificates on a pro rata basis.

• With respect to the Group II Mortgage Loans, Excess Losses on a Class IO Mortgage Loan will be allocated on any Distribution Date by allocating the Group II Senior Percentage of the Excess Loss to the Class A-2 Certificates and the Group II Subordinate Percentage of the Excess Loss to the Subordinate Certificates.

• Group II Senior Percentage + 70% of Group II Subordinate Percentage October 2008 through September 2009........

More Definitions of Group II Subordinate Percentage

Group II Subordinate Percentage. For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date. Group II Subordinate Prepayment Percentage: For any Distribution Date, the excess of 100% over the Group II Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Class II-A Certificates has been reduced to zero, then the Group II Subordinate Prepayment Percentage shall equal 100%.

Group II Subordinate Percentage. The Group II-1 Subordinate Percentage, Group II-2 Subordinate Percentage, Group II-3 Subordinate Percentage or Group II-4 Subordinate Percentage, as applicable.

Group II Subordinate Percentage. With respect to any Loan Group or Subgroup within Collateral Pool II and any Distribution Date, 100% minus the Group II Senior Percentage for that Loan Group or Subgroup and Distribution Date.

Group II Subordinate Percentage. With respect to any Distribution Date, the percentage equal to the aggregate Certificate Principal Balance of the Subordinate Certificates related to Collateral Pool II immediately prior to such Distribution Date divided by the aggregate Scheduled Principal Balance of all of the Mortgage Loans related to such Collateral Pool as of the close of business on the first day of the calendar month immediately preceding such Distribution Date.

Group II Subordinate Percentage. On any Distribution Date, [ ]% minus the applicable Class [ ] Senior Percentage. Group I Subordinate Prepayment Percentage or Group II Subordinate Prepayment Percentage: On any Distribution Date, [ ]% minus the applicable Class [ ] Senior Prepayment Percentage or Class [ ] Senior Prepayment Percentage, respectively, except that on any Distribution Date after the Current Principal Amounts of the Class [ ] Certificates and Residual Certificates and Class [ ] Certificates, respectively, have each been reduced to zero, the Group I Subordinate Prepayment Percentage or Group II Subordinate Prepayment Percentage, respectively, will equal [ ]%.

Group II Subordinate Percentage. For any Distribution Date will equal the excess of 100% over the Class A Percentage.

Group II Subordinate Percentage. As of any Distribution Date and with respect to Group II Certificates, 100% minus the Group II Senior Percentage for the Group II Senior Certificates. The initial Group II Subordinate Percentage will be equal to approximately 3.81%.