Group IV 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 IV 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 IV immediately prior to such Distribution Date.
Group IV Senior Percentage. With respect to any Distribution Date, the lesser of (i) 100% and (ii) the Class IV-A-1 Principal Balance divided by the aggregate Principal Balance of the Group IV Loans (less the Class IV-P Fraction thereof with respect to each Class IV-P Mortgage Loan), in each case immediately prior to the Distribution Date.
Group IV Senior Percentage. As to any Distribution Date, the percentage equivalent of a fraction the numerator of which is the Class Principal Balance of the Class IV-A-1 Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate of the Stated Principal Balances of the Mortgage Loans in Loan Group IV, as of the first day of the related Collection Period (excluding any such Mortgage Loans that were subject to a Payoff, the principal of which was distributed on the Distribution Date preceeding the current Distribution Date); provided, however, in no event will the Group IV Senior Percentage exceed 100%.
Examples of Group IV Senior Percentage in a sentence
Group IV Senior Percentage + 60% of Group IV Subordinate Percentage January 2009 through December 2009..........
On any Distribution Date, 100% minus the Group IV Senior Percentage.
Group IV Senior Percentage + 20% of Group IV Subordinate Percentage January 2011 and thereafter.................
Group IV Senior Percentage + 70% of Group IV Subordinate Percentage January 2008 through December 2008..........
Group IV Senior Percentage + 40% of Group IV Subordinate Percentage January 2010 through December 2010..........
More Definitions of Group IV Senior Percentage
Group IV Senior Percentage. As to any Distribution Date, the percentage equivalent of a fraction the numerator of which is the aggregate of the Class Principal Balances of the Group IV Senior Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate of the Stated Principal Balances of the Mortgage Loans in Loan Group IV; provided, however, in no event will the Group IV Senior Percentage exceed 100%.
Group IV Senior Percentage. With respect to any Distribution Date and the Class A-4 Certificates, the lesser of (a) 100% and (b) a fraction, expressed as a percentage, the numerator of which is the excess, if any, of the aggregate Certificate Principal Balance of the Class A-4 Certificates for such Distribution Date over the aggregate amount, if any, payable to the Holders of the Class A-4 Certificates on such date pursuant to clause (d) of the definition of "Senior Principal Distribution Amount," and the denominator of which is the sum of (i) the aggregate Scheduled Principal Balance of the Group IV Mortgage Loans, plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in Loan Group IV, in each case before reduction for any Realized Losses on such Distribution Date. Notwithstanding the foregoing, on any Cross-Collateralization Date on which the aggregate of the Scheduled Principal Balance of the Group IV Mortgage Loans exceeds the aggregate Certificate Principal Balance of the Class A-4 Certificates, the Group IV Senior Percentage will equal the sum of the aggregate Certificate Principal Balance of the Class A-4 Certificates immediately prior to such Distribution Date plus the Group IV Allocation Percentage of Overcollateralized Amount divided by the aggregate Scheduled Principal Balance of the Group IV Mortgage Loans immediately prior to such Distribution Date. On any Distribution Date after the reduction of the aggregate Certificate Principal Balance of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-5 Certificates and Class A-6 Certificates to zero, the Group IV Senior Percentage will be a percentage equal to the aggregate Certificate Principal Balance of the Class A-4 Certificates immediately prior to such Distribution Date divided by the aggregate Scheduled Principal Balance of all of the Mortgage Loans immediately prior to such Distribution Date.
Group IV Senior Percentage. For any Distribution Date, the lesser of (i) 100% and (ii) the Class Principal Balance of the Class IV-A Certificates divided by the aggregate Principal Balance of the Group IV Loans, in each case immediately before such Distribution Date. Group IV Senior Prepayment Percentage: See the definition of "Group I Senior Prepayment Percentage, Group II Senior Prepayment Percentage, Group III Senior Prepayment Percentage, Group IV Senior Prepayment Percentage, Group V Senior Prepayment Percentage, Group VI Senior Prepayment Percentage or Group VII Senior Prepayment Percentage."
Group IV Senior Percentage. As of the Closing Date will be approximately 96.84% and, thereafter, with respect to any Distribution Date the sum of the class Principal Balances of the Class IVA Certificates (other than Component 1A-P-2 of the Class 1A-P Certificates) and Component Principal Balance of Component 1A-7-2 of the Class 1A-7 Certificates divided by the aggregate Scheduled Principal Balance of all Group IV Loans, in each case, immediately preceding such Distribution Date (exclusive of the Group IV Discount Fraction of the Group IV Discount Loans).
Group IV Senior Percentage. For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group IV-A Certificates divided by the aggregate Principal Balance of the Group IV Loans (exclusive of the Class IV-P Fraction thereof with respect to any Class IV-P Mortgage Loan), in each case immediately before such Distribution Date. Group IV Senior Prepayment Percentage or Group V Senior Prepayment Percentage: For any Distribution Date, each of the Group IV Senior Prepayment Percentage and the Group V Senior Prepayment Percentage shall equal 100%, unless (i) the Group IV Senior Percentage for such Distribution Date is less than or equal to the Group IV Senior Percentage as of the Closing Date and the Group V Senior Percentage for such Distribution Date is less than or equal to the Group V 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) through (d) are met with respect to each of Loan Group IV and Loan Group V:
Group IV Senior Percentage. With respect to any Distribution Date and the Class A Certificates in Certificate Group IV, the lesser of (a) 100% and (b) a fraction, expressed as a percentage, the numerator of which is the excess, if any, of the aggregate Certificate Principal Balance of the Class A Certificates in Certificate Group IV for such Distribution Date over the aggregate amount, if any, payable to the Holders of the Class A Certificates in Certificate Group IV on such date pursuant to clause (d) of the definition of "Senior Principal Distribution Amount," and the denominator of which is the sum of (i) the aggregate of the Non-Class PO Percentages of the Scheduled Principal Balances of the Group IV Mortgage Loans, plus (ii) the aggregate of the Non- Class PO Percentages of the Scheduled Principal Balances of the REO Properties in Loan Group IV, in each case before reduction for any Realized Losses on such Distribution Date.
Group IV Senior Percentage. With respect to any Distribution Date, the aggregate Class Principal Balance of the Class IV-A-1 Certificates divided by the aggregate Class Principal Balance of the Group IV Certificates (less the Class IV-P Principal Balance), in each case immediately prior to the Distribution Date.