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 Group II-A and Residual Certificates has been reduced to zero, then the Group II Subordinate Prepayment Percentage shall equal 100%.
Group II Subordinate Prepayment Percentage. With respect to the Group II Mortgage Loans, on any Distribution Date, 100% minus the Group II Senior Prepayment Percentage, except that on any Distribution Date after the Current Principal Amounts of the Group II Senior Certificates have each been reduced to zero, if (a) the weighted average of the Subordinate Percentages on such Distribution Date equals or exceeds two times the initial weighted average of the Subordinate Percentages and (b) the aggregate Scheduled Principal Balance of the Mortgage Loans delinquent 60 days or more (including for this purpose any such Mortgage Loans in foreclosure and 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 sum of the aggregate Current Principal Amount of the Subordinate Certificates does not exceed 100%, the Group II Subordinate Prepayment Percentage will equal 100%. If the test set forth in the preceding sentence is not satisfied on any Distribution Date after the Current Principal Amount of the Group II Senior Certificates have each been reduced to zero, then the Group II Subordinate Prepayment Percentage will equal zero for such Distribution Date.
Group II Subordinate Prepayment Percentage. With respect to each 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 Prepayment Percentage in a sentence
On -------------------------------------------------------------- any Distribution Date, the Group II Subordinate Prepayment Percentage of the Principal Prepayment Amount for Loan Group II (exclusive of the portion thereof attributable to principal distributions to the Class II-P-L Regular Interests pursuant to clause (I)(b)(i) of the definition of "REMIC II Distribution Amount").
More Definitions of Group II Subordinate Prepayment Percentage
Group II Subordinate Prepayment Percentage. As to any Distribution Date, 100% minus the Group II Senior Prepayment Percentage for such Distribution Date, except that, on any Distribution Date after the Group II Senior Final Distribution Date, the Group II Subordinate Prepayment Percentage will equal 100%.
Group II Subordinate Prepayment Percentage. The Group II-1 Subordinate Prepayment Percentage, Group II-2 Subordinate Prepayment Percentage, Group II-3 Subordinate Prepayment Percentage or Group II-4 Subordinate Prepayment Percentage, as applicable.
Group II Subordinate Prepayment Percentage. For the Group II Subordinate Certificates and as of any Distribution Date and with respect to Loan Subgroup II-1, II-2 or II-3, as the case may be, will equal 100% minus the related Group II Senior Prepayment Percentage for the Group II Senior Certificates, except that on any Distribution Date after the Current Principal Amount of a Class of the Group II Senior Certificates has been reduced to zero, the related Group II Subordinate Prepayment Percentage for the Group II Subordinate Certificates with respect to such Loan Subgroup will equal 100%.
Group II Subordinate Prepayment Percentage. With respect to the Group II Mortgage Loans, on any Distribution Date, 100% minus the Group II Senior Prepayment Percentage.
Group II Subordinate Prepayment Percentage. On any Distribution Date for Loan Group II, the excess of 100% over the Group II Senior Prepayment Percentage for such Distribution Date; provided, however, that if the Class II-A-1 Principal Balance has been reduced to zero, then the Group II Subordinate Prepayment Percentage shall equal 100%.
Group II Subordinate Prepayment Percentage. The excess of 100% over the Class A Prepayment Percentage.
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 Class Principal Balance of the Class II-A Certificates has been reduced to zero, then the Group II Subordinate Prepayment Percentage shall equal 100%. Indirect DTC Participants: Entities such as banks, brokers, dealers or trust companies, that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly.