Legal Asset Percentage definition

Legal Asset Percentage means the ratio of one divided by hundred and five per cent (105%).

Related to Legal Asset Percentage

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.